Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in New York Average homeowners insurance cost in New York Homeowners insurance in New York costs $1,777 per year or $148 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.According to Insure.com’s data analysis, the average cost of homeowners insurance in New York is $1,777 a year. Continue reading to learn more about homeowners insurance rates in New York by ZIP code and insurer. Key Takeaways Homeowners insurance costs an average of $1,777 a year, based on Insure.com analysis.Of all the ZIP codes in New York, 14515 has the most affordable home insurance rates at around $1,210 annually.In New York, American Family provides the most affordable home insurance at an average annual premium of $901. Average home insurance cost in New York by coverage levelThe average cost of homeowners insurance in New York is $1,777 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $1,080 per year for homeowners insurance in New York for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in New York for dwelling coverage of $300,000, $400,000 and $500,000.Coverage Average annual rate Average monthly rate200000 with 1000 Deductible and 100000 Liability and 2% Deductible$1,305$109200000 with 1000 Deductible and 300000 Liability and 2% Deductible$1,340$112300000 with 1000 Deductible and 100000 Liability and 2% Deductible$1,777$148300000 with 1000 Deductible and 300000 Liability and 2% Deductible$1,816$151400000 with 1000 Deductible and 100000 Liability and 2% Deductible$2,307$192400000 with 1000 Deductible and 300000 Liability and 2% Deductible$2,349$196600000 with 1000 Deductible and 100000 Liability and 2% Deductible$3,439$287600000 with 1000 Deductible and 300000 Liability and 2% Deductible$3,489$2911000000 with 1000 Deductible and 100000 Liability and 2% Deductible$5,655$4711000000 with 1000 Deductible and 300000 Liability and 2% Deductible$5,716$476Homeowners insurance companies in New York decide rates based on risk. They consider your location, claims history and coverage limit when calculating premiums.If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims.According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in New YorkIt’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.We evaluated homeowners insurance providers in New York by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Chubb received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall scoreChubb$1,884A++0.185NYCM Insurance$1,080A0.214.71AIG$1,564A0.094.63American Family$901A0.374.58Travelers$1,606A++0.544.1State Farm$1,236A++0.953.7Nationwide$1,483A+0.873.6Allstate$1,856A+0.93.36Farmers$3,239A0.543.06Average homeowners insurance cost by company in New YorkAmerican Family has the cheapest homeowners insurance rates in New York. Its average annual cost for New York homeowners is $901. NYCM Insurance and State Farm also offer affordable insurance.By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.The table below shows the average annual and monthly insurance rates for homeowners in New York with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.Company Average annual rate Average monthly rateAmerican Family$901$75NYCM Insurance$1,080$90State Farm$1,236$103Nationwide$1,483$124AIG$1,564$130Travelers$1,606$134Heritage Insurance Holdings$1,626$135Allstate$1,856$155Chubb$1,884$157Farmers$3,239$270New York homeowners insurance rates by ZIP codeInsurance providers in New York factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.To get the best deal on homeowners insurance rates in New York, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.Most affordable ZIP codes for home insurance rates in New YorkHome insurance costs vary across different areas in New York. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 14515 ZIP code has the lowest home insurance rates in New York, at $1,210 annually or $101 per month.Here are the homeowners insurance rates for some of the most affordable ZIP codes in New York.ZIP codeAverage annual rateAverage monthly rate14515$1,210$10114514$1,213$10114468$1,214$10114026$1,215$10114586$1,219$10214445$1,221$10214526$1,222$10214450$1,223$10214043$1,225$10214038$1,226$102Most expensive ZIP codes for home insurance rates in New YorkIn New York, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.Homeowners in 11976 ZIP pay the highest insurance rates in New York, with an average annual premium of $3,450.Below is a list of some of the most expensive ZIP codes in New York for homeowners insurance.ZIP codeAverage annual rateAverage monthly rate11976$3,450$28711978$3,353$27911968$3,338$27811954$3,328$27711932$3,324$27711975$3,322$27711930$3,319$27711937$3,316$27611949$3,292$27411962$3,279$273Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in New York by cityAppletonAtlantaBloomingtonDenverHamiltonMemphisNew YorkPhiladelphiaPhoenixStaffordShow moreHome insurance rate trend in New YorkWe analyzed home insurance rate trends in New York and found that homeowners insurance rates experienced an overall increase of 5% or $86, from 2022 to 2023.The following data highlights the changes in homeowners insurance rates since 2019.2019 rates2022 rates2023 rates$1,628$1,691$1,777Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in New York.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in New-York Average renters insurance cost in New York Average car insurance cost in New York Non-owner auto insurance in New York How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2024 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2024 How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? 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