New York Home Insurance at a Glance
For the same house, home insurance in New York averaged $1,927 a year ($161 a month) across the 5 insurers we compared, 37.9% below the average of the 50 states and D.C. That’s for a 2,000 sq ft wood-frame house with a composition roof, built in 1997 and insured for $300,000 with a $1,000 deductible.
For the same home, prices among the 5 insurers we compared ranged from $103 to $196 a month, a $93-a-month gap for identical coverage. These are sample prices for one example home, not quotes or offers.
- $300K dwelling
- $1,000 deductible
- $300K liability
- Built 1997
- Composition roof
- 2,000 sq ft wood-frame house
- See the homes we priced
Rates as of Sept. 30, 2026 · Page updated Oct. 21, 2026
New York home insurance: key numbers
- Home
- $1,927/yr $161/mo
- Renters
- $189/yr $16/mo
- Condo
- $383/yr $32/mo
How much is homeowners insurance in New York?
Homeowners insurance in New York averages $161 a month for the house we priced, with rates as of Sept. 30, 2026. The 5 major insurers we compared are NYCM Insurance, State Farm, Liberty Mutual, Narragansett Bay and Allstate, across 725 New York ZIP codes in 59 counties; not every insurer priced every ZIP code. For this house, New York is the 15th least expensive of the 50 states and D.C.
Our figures are for a $300,000 dwelling; insuring a larger or costlier house for more usually costs more.
For the same insurers and ZIP codes, the New York average rose 1.9% since Nov. 2025, from $1,890 a year ($158 a month) on Nov. 30, 2025, to $1,927 ($161) on Sept. 30, 2026, as NYCM Insurance’s rose 11.8%, Allstate’s didn’t change and Liberty Mutual’s didn’t change.
Homeowners insurance averages by insurer in New York for our sample home (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| NYCM Insurance | $103 | $1,241 |
| State Farm | $105 | $1,259 |
| Liberty Mutual | $165 | $1,985 |
| Narragansett Bay | $176 | $2,113 |
| Allstate | $196 | $2,356 |
NYCM Insurance averaged $103 a month ($1,241 a year), State Farm $105 ($1,259), Liberty Mutual $165 ($1,985), Narragansett Bay $176 ($2,113) and Allstate $196 ($2,356) for our sample home.
By ZIP code: each insurer’s yearly price for the same house ranged across New York: NYCM Insurance $594 to $2,407, State Farm $1,043 to $1,647, Liberty Mutual $1,551 to $2,591, Narragansett Bay $1,535 to $3,526 and Allstate $1,595 to $4,440.
Ask any insurer what hurricane deductible applies to your address.
Who has the cheapest homeowners insurance in New York?
Prices for the same home vary so much by insurer and ZIP code that the lowest one for our sample home may not be lowest for you, so compare a few quotes. The home table above lists every insurer’s average for the same home.
What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In New York, ZIP code averages for this house ran from $112 a month in East Aurora to $267 in Southampton, while insurers’ statewide averages ran from $103 to $196.
Your ZIP code matters
Where is home insurance cheapest in New York? Costs by city
For the same house, Rochester has the lowest average of the cities in the table with at least 5 ZIP codes, $120 a month, and Bronx the highest, $225, 39.9% above the state average. 9 more cities have only 3 or 4 ZIP codes in our data and are marked as small samples.
Same sample home: average home insurance prices in 21 New York cities (rates as of Sept. 30, 2026)
| City | Per month | Per year | vs. New York |
|---|---|---|---|
| Binghamton 4 ZIP codes, small sample | $119 | $1,425 | −26.1% |
| Rochester 21 ZIP codes | $120 | $1,434 | −25.6% |
| Elmira 4 ZIP codes, small sample | $120 | $1,437 | −25.4% |
| Niagara Falls 4 ZIP codes, small sample | $127 | $1,521 | −21.1% |
| Schenectady 8 ZIP codes | $128 | $1,538 | −20.2% |
| Syracuse 16 ZIP codes | $129 | $1,550 | −19.6% |
| Buffalo 25 ZIP codes | $130 | $1,556 | −19.2% |
| Albany 9 ZIP codes | $131 | $1,577 | −18.1% |
| New Rochelle 3 ZIP codes, small sample | $146 | $1,755 | −8.9% |
| Mount Vernon 3 ZIP codes, small sample | $146 | $1,756 | −8.9% |
| Yonkers 5 ZIP codes | $148 | $1,774 | −8.0% |
| White Plains 5 ZIP codes | $148 | $1,780 | −7.6% |
| Staten Island 12 ZIP codes | $172 | $2,065 | +7.2% |
| Great Neck 4 ZIP codes, small sample | $179 | $2,149 | +11.5% |
| Astoria 4 ZIP codes, small sample | $183 | $2,193 | +13.8% |
| Manhattan 42 ZIP codes | $184 | $2,204 | +14.4% |
| Flushing 4 ZIP codes, small sample | $188 | $2,254 | +17.0% |
| Brooklyn 38 ZIP codes | $192 | $2,304 | +19.6% |
| Queens Village 3 ZIP codes, small sample | $197 | $2,364 | +22.7% |
| Jamaica 5 ZIP codes | $205 | $2,460 | +27.7% |
| Bronx 24 ZIP codes | $225 | $2,697 | +39.9% |
| New York 725 ZIP codes | $161 | $1,927 | Baseline |
Each city covers the ZIP codes in our data with that city as their main mailing address; small sample means fewer than 5 ZIP codes.
Lowest vs. highest ZIP code for our sample home (rates as of Sept. 30, 2026)
Lowest
14052
East Aurora (Erie County)
$112/mo
$1,347 a year
Highest
11968
Southampton (Suffolk County)
$267/mo
$3,201 a year
Of the 725 New York ZIP codes we priced, Southampton’s 11968 had the highest average for our sample home, about 2.4 times that of the lowest, 14052 in East Aurora.
The five highest-priced ZIP codes are 11968 in Southampton ($267 a month), 11937 in East Hampton ($263 a month), 11944 in Greenport ($260 a month), 11971 in Southold ($256 a month) and 11722 in Central Islip ($249 a month).
Same house, different state: how does New York compare?
Of New York’s 5 neighbors, 2 have a higher average for the identical house and 3 a lower one: New York’s $161 a month compares with $73 in Vermont and $288 in Connecticut.
Same sample home: average home insurance prices in New York, neighboring states and the 50 states and D.C. (rates as of Sept. 30, 2026)
| Place | Per month | Per year | New York vs. this place |
|---|---|---|---|
| New York | $161 | $1,927 | Baseline |
| Vermont | $73 | $875 | +120.4% |
| New Jersey | $126 | $1,517 | +27.0% |
| Massachusetts | $148 | $1,779 | +8.3% |
| Pennsylvania | $224 | $2,685 | −28.2% |
| Connecticut | $288 | $3,455 | −44.2% |
| Average of the 50 states and D.C. | $258 | $3,101 | −37.9% |
Same sample house in every state; each figure averages every insurer we priced there, so one high-priced insurer can lift a state’s average.
Of the other 49 states and D.C., 14 have a lower average for this house than New York and 36 a higher one.
What does a New York homeowners policy cover?
A standard homeowners policy pays to repair or rebuild after covered damage such as fire, lightning, wind and hail, theft and some water damage from burst pipes; flood and earthquake damage need separate coverage. All six coverages below are inside the $1,927-a-year New York average for our sample home.
- Dwelling ($300,000): the house itself, from the foundation to the roof.
- Other structures ($30,000): a detached garage, carport, fence or shed.
- Personal property ($150,000): furniture, clothes and electronics.
- Loss of use ($30,000): a rental and other extra costs while repairs keep you out.
- Personal liability ($300,000): legal defense and damages if you’re responsible for someone’s injury or property damage.
- Medical payments ($5,000): smaller medical bills for a guest hurt at your home.
Say a storm damages the roof and the repair costs $15,000. With the $1,000 deductible we priced, the policy would pay up to $14,000. With a 2% wind and hail deductible on the same $300,000 house, you’d pay the first $6,000 instead, and the policy up to $9,000.
Is $200 a month a lot for home insurance in New York?
It’s more than our sample home averages in New York, $161 a month, which makes New York the 15th least expensive of the 50 states and D.C. for this house. All 5 insurers we compared averaged under $200 for the same house. If a quote for your home is near $200, compare its dwelling limit and deductibles with ours ($300,000 and $1,000) before you decide.
Why your New York quote may differ from these prices
Use our one-house figures as a starting point when you compare home insurance quotes for yours.
Your roof: Our sample house has a composition roof, and we priced it without a roof age. Insurers often charge more for older roofs, so ask how your roof’s age and material change your quote.
Your claims and credit: a recent claim, or weaker credit where an insurer uses it, can push a New York quote above the $161 a month our claim-free, good-credit owner averages.
Your deductibles: our house has one $1,000 deductible for covered losses other than a hurricane. If your policy has a separate percentage deductible for wind and hail, your premium and your out-of-pocket cost after a storm will both differ from ours.
What is the 80% rule in homeowners insurance?
New York’s Department of Financial Services explains that many policies reduce a partial-loss payment if you insure for less than 80% of your home’s replacement cost, the cost to rebuild it. For our $300,000 sample house, that’s at least $240,000, so check your limit against a current rebuilding cost, not the home’s market value.
Why is home insurance cheaper in New York than in most states?
For our sample house, New York is the 15th least expensive of the 50 states and D.C. Our figures don’t separate causes; these official records show what New York homes face.
After severe storms, tornadoes and flooding on July 10-11, 2024, FEMA declared a major disaster for parts of New York (DR-4814) on Aug. 29, 2024.
How do hurricane and wind deductibles work in New York?
Your deductible is the amount you pay out of pocket on each claim before your insurer pays. The house we priced has a $1,000 deductible for covered losses other than a hurricane, including wind and hail. Our sample request also includes a 2% hurricane deductible, a setting we use in every state; real policies near the coast may carry a larger hurricane deductible, so ask for yours.
New York’s Department of Financial Services says many insurers require a hurricane deductible in New York City, Nassau and Suffolk counties and coastal Westchester; it usually runs from 1% to 5% of the dwelling value and applies only when a storm is declared a hurricane.
Your wind and hail deductible in dollars (illustration only)
| Dwelling coverage | 1% | 2% | 5% |
|---|---|---|---|
| $200,000 | $2,000 | $4,000 | $10,000 |
| $300,000 (our sample home) | $3,000 | $6,000 | $15,000 |
| $400,000 | $4,000 | $8,000 | $20,000 |
The table shows deductibles, not premiums. At 2%, the deductible on our sample home’s $300,000 dwelling is $6,000, more than the $1,927 a year that house averages in New York.
A higher deductible usually lowers your premium, so weigh the lower price against the bigger bill you’d face after a storm.
How to find cheaper home insurance in New York
For our sample home, New York insurers’ statewide averages ran from $1,241 to $2,356 a year. These are the levers you control; how much each one moves a quote depends on the insurer and the house, and none of them comes with a promised price.
Compare at least three insurers: even one insurer’s price moves a lot by address: Allstate’s for our sample home ran from $1,595 to $4,440 a year depending on the New York ZIP code.
Price two deductibles: ask each insurer for the premium at your current deductible and one step higher, and keep any percentage wind and hail deductible in dollars in mind (2% of $300,000 is $6,000).
Ask about a tougher roof and safety devices: impact-resistant roofing, smoke detectors, burglar alarms and dead-bolt locks are common discounts to ask about.
Bundle with care: some insurers take roughly 5% to 15% off when you buy home and car insurance together, the Insurance Information Institute says; compare both ways before you decide.
Keep the coverage you need: insuring at least 80% of the rebuilding cost protects you on partial losses, so a lower price that comes from a lower limit can cost you after a large claim.
Guard a clean record: our sample owner has no claims in 10 years, and the $161-a-month New York average assumes that clean record; a recent claim can raise a quote.
What if an insurer won’t renew your New York home?
New York insurers have to give you 45 to 60 days’ notice, with the reason, before they don’t renew a homeowners policy, according to the Department of Financial Services. Read the notice and your policy’s own cancellation and nonrenewal terms, then start shopping right away. If a notice doesn’t make sense to you, or you need help with a claim, call the New York State Department of Financial Services at 800-342-3736.
If regular insurers turn you down, the New York Property Insurance Underwriting Association offers basic property coverage when you can’t get it in the regular market.
In our data, 3 of the 5 insurers we compared priced our sample home in all 725 New York ZIP codes.
Got a nonrenewal notice?
- Note the date your coverage ends and start shopping now.
- Get quotes from at least three insurers (we compared 5 in New York), or ask a licensed agent to compare them for you.
- If insurers turn you down, ask a New York-licensed agent about the New York Property Insurance Underwriting Association.
- If the notice looks wrong, call the New York State Department of Financial Services at 800-342-3736.
Ready to compare
How much is renters insurance in New York?
Renters insurance for our sample renter averages $16 a month ($189 a year) in New York. For our sample renter, prices among the 4 insurers we compared ranged from $12 to $21 a month, a $9-a-month gap for the same coverage.
Renters insurance averages by insurer in New York for our sample renter (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $12 | $143 |
| NYCM Insurance | $14 | $171 |
| Allstate | $16 | $191 |
| Liberty Mutual | $21 | $251 |
State Farm averaged $12 a month ($143 a year), NYCM Insurance $14 ($171), Allstate $16 ($191) and Liberty Mutual $21 ($251) for our sample renter.
State Farm had the lowest renters average for our sample renter of the insurers anyone can buy from, $12 a month ($143 a year), 16.4% below NYCM Insurance’s $171 a year. Another insurer may be lower for your apartment, so compare quotes.
New York’s renters average is the 7th least expensive of the 50 states and D.C., 26.2% below their average of $21 a month ($256 a year). Our sample renter’s policy costs about 10% of what our sample home costs to insure in New York.
For the same insurers and ZIP codes, the New York renters average didn’t change since Nov. 2025, from $16 to $16 a month, as Allstate’s didn’t change, Liberty Mutual’s didn’t change and NYCM Insurance’s didn’t change.
Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims. Rates as of Sept. 30, 2026, from 2,900 sample prices by 4 insurers across 725 New York ZIP codes.
- $40K belongings
- $300K liability
- $1,000 deductible
What does renters insurance cover in a New York apartment?
Your landlord’s insurance is for the building; a renters policy is for your belongings and your liability. The policy we priced pays up to $40,000 for belongings after a covered fire, storm or burglary and $300,000 if you’re responsible for someone’s injury or property damage. In New York, that package averages $16 a month; flood and earthquake damage need separate coverage.
How we got these renters prices: each insurer’s average across the 725 New York ZIP codes in our data. Sample prices, not quotes or offers.
How much is condo insurance in New York?
Condo insurance for our sample condo averages $32 a month ($383 a year) in New York. For our sample condo, prices among the 5 insurers we compared ranged from $18 to $51 a month, a $33-a-month gap for the same coverage.
Condo insurance averages by insurer in New York for our sample condo (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| Liberty Mutual | $18 | $220 |
| NYCM Insurance | $19 | $222 |
| State Farm | $29 | $353 |
| Narragansett Bay | $50 | $605 |
| Allstate | $51 | $609 |
Liberty Mutual averaged $18 a month ($220 a year), NYCM Insurance $19 ($222), State Farm $29 ($353), Narragansett Bay $50 ($605) and Allstate $51 ($609) for our sample condo.
Liberty Mutual and NYCM Insurance were within about 1% of each other for our sample condo, at $220 and $222 a year, so no one insurer stands out as the lowest; compare a few quotes for yours.
New York’s condo average is the 17th least expensive of the 50 states and D.C., 20.4% below their average of $40 a month ($481 a year). Our sample condo’s policy costs about 20% of what our sample home costs to insure in New York.
For the same insurers and ZIP codes, the New York condo average didn’t change since Nov. 2025, from $32 to $32 a month, as NYCM Insurance’s rose 0.3%, Allstate’s didn’t change and Liberty Mutual’s didn’t change.
Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. The owner is 40, single, has good credit and no claims in 10 years.
- $60K unit coverage
- $60K belongings
- $1,000 deductible
- Built 2005
Which part of a New York condo is yours to insure?
The association’s master policy covers the building, and your condo policy covers what the declaration and master policy leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings, and that package averages $32 a month in New York.
What to check with your HOA before you buy condo insurance
- The master policy: ask the association or manager for its certificate of insurance and declarations page.
- Bare walls or more: find out whether it stops at the bare walls or also covers fixtures and finishes; that sets your unit coverage.
- The master deductible: ask how large it is and whether the association can pass part of it to owners after a storm.
- Loss assessment: ask your insurer how much loss assessment coverage your policy includes (it can pay your share if the association bills owners for a covered loss to shared parts of the building).
You may also want to compare: car + home insurance in New York
Many New York homeowners insure a car too. Some insurers take roughly 5% to 15% off when you buy home and car insurance from them together (Insurance Information Institute), but the same insurer has to write both policies, and buying both from one insurer isn’t always the lower-priced choice, so compare both ways.
See New York car insurance rates · How bundling home and auto insurance works
Frequently asked questions about home insurance in New York
How much is home insurance in New York?
For the house we priced, New York averages $1,927 a year ($161 a month) across the 5 major insurers we compared and 725 ZIP codes, with rates as of Sept. 30, 2026. By ZIP code, the average runs from $112 a month in East Aurora to $267 in Southampton, so your address matters.
Which New York city has the cheapest home insurance?
Of the New York cities in our table with at least 5 ZIP codes, Rochester had the lowest average for our sample home, $120 a month, and Bronx the highest, $225.
How much is insurance on a $400,000 house in New York?
We priced a $300,000 dwelling, not $400,000. For that house, New York averages $161 a month. A $400,000 house usually costs more to insure, so get quotes for your own rebuild cost, and remember the 80% rule.
Does New York home insurance cover wind and hail damage?
Generally, yes, minus your deductible: a standard homeowners policy covers wind and hail damage. Some insurers use a separate percentage deductible for wind and hail, so work out what yours means in dollars; on our $300,000 sample house, 2% is $6,000.
Is flood damage covered by home insurance in New York?
No. A standard New York home or renters policy doesn’t cover flooding. You can buy it through federal flood insurance (NFIP) or a private insurer, and a new NFIP policy usually takes 30 days to start, so don’t wait for a storm warning.
Are New York home insurance rates going up in 2026?
For the house we priced, the New York average rose 1.9% for the same insurers and ZIP codes between Nov. 30, 2025 and Sept. 30, 2026, to $161 a month. Your own renewal depends on your insurer, your home and your claims.
What does renters insurance cost in New York?
Our sample renter, insuring $40,000 of belongings with $300,000 liability, pays an average of $16 a month ($189 a year) in New York across the 4 insurers we compared.
What does condo insurance cost in New York?
Our sample condo, with $60,000 of unit coverage and $60,000 for belongings, averages $32 a month ($383 a year) in New York across the 5 insurers we compared.
Who regulates home insurance in New York?
The New York State Department of Financial Services licenses insurers, oversees their rates and forms, and helps consumers with complaints about claims and nonrenewals. Its consumer line is 800-342-3736.
Official resources for New York homeowners
- New York DFS: basic homeowners coverage What a policy covers, hurricane deductibles and flood.
- New York DFS: cancellations and nonrenewals Notice periods and your rights.
- FEMA: disaster declaration DR-4814 The July 2024 storms, tornadoes and flooding.
- New York Property Insurance Underwriting Association Basic property coverage when the regular market says no.
- FEMA Flood Map Service Center The official source for FEMA flood maps.
- FloodSmart FEMA’s site for the National Flood Insurance Program.
How we calculated these prices
We priced the same house with 5 major insurers, and the same apartment and condo with 4 and 5, in each of the 725 New York ZIP codes in our data, using licensed insurance rate data from Quadrant Information Services, with rates as of Sept. 30, 2026. Each New York figure is the average of the ZIP-code averages, and monthly figures are yearly figures divided by 12. These are sample prices for one example home, renter and condo, not quotes or offers.
Full details
The homes we priced
- Home (HO-3, a standard homeowners policy): Our sample home is a 2,000-square-foot, two-story wood-frame house with a composition roof, built in 1997, insured for $300,000 with $150,000 for belongings, $300,000 liability and a $1,000 deductible for covered losses other than a hurricane. Our price requests also set a 2% hurricane deductible, the same setting in every state. The owner is 40, single, has good credit and no claims in 10 years.
- Renters (HO-4, a renters policy): Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims.
- Condo (HO-6, a condo unit-owner policy): Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. Same owner profile as the home.
- All three are in protection class 3 (a fire-protection rating), 1,000 feet from a hydrant and 3 miles from a fire station, with the distance to the coast set at 10 miles in every state’s price requests, so differences between ZIP codes come from how each insurer prices that ZIP code.
How the averages work: for each insurer and ZIP code we used its lowest eligible price, averaged the insurers in each ZIP code, then averaged the ZIP codes, so every ZIP code counts the same. Percentages are worked out before rounding, so they can differ slightly from the rounded dollars shown. The price change compares the same insurers in the same ZIP codes on Nov. 30, 2025, and Sept. 30, 2026.
Which insurers we name: we don’t name a lowest-priced insurer when its lead over the next one is more than 30%, or when it was priced in fewer than 90% of a place’s ZIP codes, and we show the average without any insurer priced at more than twice the others. Each section says which insurer, if any, passed these tests for that line. We also never name an insurer that sells only to members, such as USAA (military families only) or an AAA insurer, and when the two lowest are within 5% of each other we call it a near tie.
Sample: Home: 2,923 sample prices from 5 insurers across 725 ZIP codes in 59 counties. Renters: 2,900 from 4 insurers. Condo: 3,322 from 5 insurers. New York here means the 725 New York ZIP codes in our rate data; cities group them by main post-office city.
Insurer notes: we review every note an insurer attaches to a price before publishing.
- State Farm’s home prices in 314 ZIP codes are left out, shown on their own under the home insurer table: they carry a minimum hurricane deductible of 2% or more in those coastal ZIP codes.
- State Farm’s home prices in 31 ZIP codes are left out: they carry an insurer note we are still reviewing, so they stay out of our averages until we decide.
- Liberty Mutual’s home prices in 357 ZIP codes are left out, shown on their own under the home insurer table: they carry a minimum hurricane deductible of 2% or more in those coastal ZIP codes.
- Allstate’s condo prices in 303 ZIP codes are left out: they may carry a 10% hurricane deductible there.
Comparisons: neighboring-state figures use the same method and rates; the 50-states-and-D.C. figure averages each state’s average and D.C.’s.
Sources for local facts: New York State Department of Financial Services, FEMA, New York Property Insurance Underwriting Association, National Association of Insurance Commissioners, Insurance Information Institute.
Rates as of Sept. 30, 2026; price changes compare prices as of Nov. 30, 2025.
Ready to compare
- About the Author
- Latest Posts
Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
