Home Home insurance Average home insurance cost New York New York, NY How much is homeowners insurance in New York, NY Homeowners insurance typically costs $2,579 annually in New York, according to Insure.com’s rate 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 is a licensed life, health, and disability insurance agent and an auto and home insurance expert. She has written extensively on insurance topics for QuinStreet’s CarInsurance.com, Insurance.com and Insure.com as well as for Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker and The Financial Gym. | Updated on: March 24, 2025 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. The average cost of homeowners insurance in New York is $2,579 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $75 more than the national average of $2,504. However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in New York depend on a number of factors, including: Size of your home Age of your home Amount of coverage you need Location Your credit score To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in New York, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in New York. In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in New York. Key Takeaways The cost of your homeowners insurance policy in New York can vary based on factors such as your location, the value of your home, and the coverage options you select.State Farm is the cheapest homeowners insurance company in New York with an average annual premium of $1,167.If you increase your dwelling coverage from $200,000 to $300,000, you will pay $712 more, annually for home insurance. How much is homeowners insurance in New York per month According to our rate analysis, homeowners in New York pay an average of $215 per month. It’s $67 more than the state average of $148 and $6 more than the national average for home insurance across the United States. In New York, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select. How much is homeowners insurance for a $200,000 house in New York The average cost of homeowners insurance in New York, NY is $1,867 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city. Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage. How much is homeowners insurance for a $300,000 house in New York As per rate analysis by Insure.com, homeowners residing in New York typically pay an average of $2,579 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible. Your home insurance rates will be increased by $712 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area. How much is homeowners insurance in New York by company Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in New York, offering an average annual rate of $1,167, while NYCM Insurance ranks second. Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in New York and compiled a list of the most affordable options. Below are the details of home insurance companies in New York and their average annual premiums. Home insurance company Annual rate State Farm$1,167NYCM Insurance$1,729American Family$1,740Heritage Insurance Holdings$1,978AIG$2,151Nationwide$2,173Allstate$2,340Travelers$2,455Chubb Ltd$2,676Farmers$5,040 TIPMany insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider. Common natural disasters in New York that may affect home insuranceNatural disasters are unpredictable events that can cause significant damage to homes and property. Understanding these risks is important to ensure that your home insurance policy provides adequate protection in the event of a disaster.Ice storm is the common natural disasters in New York that may influence your home insurance rates.How home insurance protects you against natural disastersHome insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are often excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.Home insurance helps pay for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters. Methodology Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in New York for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment. How much is home insurance in other citiesAppletonAtlantaBloomingtonDenverHamiltonMemphisPhiladelphiaPhoenixStaffordShivani 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 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2025 What is dwelling coverage and how much do you need? 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By Jackie Lam On this page How much is homeowners insurance in New York per month How much is homeowners insurance for a $200,000 house in New York How much is homeowners insurance for a $300,000 house in New York How much is homeowners insurance in New York by companyCommon natural disasters in New York that may affect home insuranceHow home insurance protects you against natural disasters Methodology ZIP Code Please enter valid ZIP See rates