Best and cheapest homeowners insurance in New York for 2024

Best homeowners insurance companies in New York

State Farm is the best home insurance company in New York for 2024, receiving 4.44 out of 5 stars. Chubb and American Family also rank among the top home insurance companies in New York, receiving scores of 4.18 and 3.93, respectively.

The total Insurance.com score is calculated out of five based on price, NAIC complaints, and AM Best financial ratings.

Best home insurance companies in Alaska

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Table

Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
State Farm	A++	0.83	4.44	$1,264
Chubb	A++	0.18	4.18	$1,987
American Family	A	0.80	3.93	$914
Nationwide	A+	1.05	3.67	$1,540
AIG	N/A	0.09	3.51	$1,564
Allstate	A+	1.46	3.26	$1,876
Travelers	A++	1.10	3.18	$1,606
Farmers	A	0.67	2.78	$3,330

Data updated in 2024

Read our methodology

State Farm

State Farm is the biggest home insurance company in the nation, and with affordable rates and the best possible score from AM Best, it's our top pick for homeowners insurance in New York. You'll find an excellent auto and home bundling option with State Farm that makes it a one-stop shop for your insurance.

Chubb

Chubb isn't as well known to the average homeowner as State Farm, but is a highly regarded company with a low complaint volume (the lowest of every company we compared) and an A++ from AM Best. Chubb is best known for high-value home insurance, but offers a variety of coverage options at affordable rates.

American Family

Our No. 3 pick for home insurance in New York is American Family. It has solid scores from AM Best and the NAIC, and the lowest home insurance rates of any company we ranked. In fact, it offers rates nearly $1,000 below average.

Cheapest homeowners insurance companies in New York

Below are New York home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible.

Based on our analysis, American Family offers the cheapest home insurance in New York for $300,000 in dwelling coverage, $300,000 in liability, and a $1,000 deductible at $914 per year. It also offers the most affordable rates at every other coverage level.

Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
American Family	$794	$914	$1,151	$1,633	$2,514
NYCM Insurance	$849	$1,108	$1,348	$1,977	$3,433
State Farm	$837	$1,264	$1,704	$2,665	$4,606
Nationwide	$1,120	$1,540	$1,958	$2,877	$4,602
AIG	$1,239	$1,564	$2,072	$2,998	$4,862
Travelers	$1,173	$1,606	$2,077	$3,092	$5,111
Heritage Insurance	$1,280	$1,663	$2,008	$2,835	$5,077
Allstate	$1,554	$1,876	$2,322	$3,285	$5,273
Chubb	$1,405	$1,987	$2,563	$3,726	$6,056
Farmers	$2,325	$3,330	$4,456	$6,844	$10,971

Data updated in 2024

Read our methodology

How much is home insurance in New York?

The average cost of homeowners insurance in New York is $1,816 annually or $151 monthly. That's based on coverage of:

$300,000 dwelling
$300,000 liability
$1,000 deductible
2% hurricane deductible

Your rates will vary based on where you live, your home and the coverage you need.

New York homeowners insurance rates by ZIP code

Where you live has a big impact on home insurance rates, so rates vary greatly depending on your ZIP code.

Most expensive ZIP codes in New York

New York homeowners insurance rates are the most expensive for ZIP code 11976, with an average annual cost of $3,617.

ZIP code	Annual annual rate
11976	$3,617
11978	$3,519
11968	$3,506
11954	$3,494
11975	$3,493
11932	$3,492

Data updated in 2024

Read our methodology

Least expensive ZIP codes in New York

New York homeowners insurance rates are the least expensive for ZIP code 14515, with an average annual cost of $1,265.

ZIP code	Average annual rate
14515	$1,265
14514	$1,268
14468	$1,268
14586	$1,275
14445	$1,275
14086	$1,275

Data updated in 2024

Read our methodology

New York homeowners insurance rates by county

The cost of homeowners insurance in New York varies by county. Find your county below to see how rates in your area compare to the state average.

County	Average annual premium	Average monthly premium
Anderson	$3,461	$288
Andrews	$3,291	$274
Angelina	$3,163	$264
Aransas	$5,294	$441
Archer	$4,536	$378
Armstrong	$4,388	$366
Atascosa	$2,870	$239
Austin	$4,409	$367
Bailey	$4,045	$337
Bandera	$2,759	$230
Bastrop	$2,800	$233
Baylor	$4,460	$372
Bee	$4,467	$372
Bell	$2,823	$235
Bexar	$2,745	$229
Blanco	$2,764	$230
Borden	$3,662	$305
Bosque	$3,678	$306
Bowie	$3,439	$287
Brazoria	$4,898	$408
Brazos	$3,059	$255
Brewster	$2,358	$196
Briscoe	$4,299	$358
Brooks	$3,678	$306
Brown	$3,935	$328
Burleson	$3,316	$276
Burnet	$2,789	$232
Caldwell	$2,801	$233
Calhoun	$4,749	$396
Callahan	$4,120	$343
Cameron	$3,468	$289
Camp	$3,436	$286
Carson	$4,165	$347
Cass	$3,521	$293
Castro	$3,857	$321
Chambers	$4,790	$399
Cherokee	$3,351	$279
Childress	$4,457	$371
Clay	$4,551	$379
Cochran	$4,037	$336
Coke	$3,902	$325
Coleman	$4,006	$334
Collin	$4,077	$340
Collingsworth	$4,597	$383
Colorado	$4,067	$339
Comal	$2,764	$230
Comanche	$4,060	$338
Concho	$3,791	$316
Cooke	$4,254	$354
Coryell	$3,047	$254
Cottle	$4,457	$371
Crane	$3,160	$263
Crockett	$2,929	$244
Crosby	$3,947	$329
Culberson	$2,153	$179
Dallam	$3,778	$315
Dallas	$4,145	$345
Dawson	$3,850	$321
Deaf Smith	$4,245	$354
Delta	$3,898	$325
Denton	$4,162	$347
DeWitt	$3,735	$311
Dickens	$4,303	$359
Dimmit	$2,665	$222
Donley	$4,400	$367
Duval	$3,226	$269
Eastland	$4,204	$350
Ector	$3,399	$283
Edwards	$2,868	$239
El Paso	$2,149	$179
Ellis	$3,793	$316
Erath	$4,175	$348
Falls	$3,104	$259
Fannin	$3,993	$333
Fayette	$3,354	$279
Fisher	$4,117	$343
Floyd	$4,237	$353
Foard	$4,383	$365
Fort Bend	$6,180	$515
Franklin	$3,527	$294
Freestone	$3,496	$291
Frio	$2,754	$230
Gaines	$3,514	$293
Galveston	$5,114	$426
Garza	$4,115	$343
Gillespie	$2,672	$223
Glasscock	$3,623	$302
Goliad	$4,467	$372
Gonzales	$3,275	$273
Gray	$4,349	$362
Grayson	$4,354	$363
Gregg	$3,114	$260
Grimes	$3,685	$307
Guadalupe	$2,839	$237
Hale	$4,002	$334
Hall	$4,384	$365
Hamilton	$3,832	$319
Hansford	$4,258	$355
Hardeman	$4,521	$377
Hardin	$4,338	$362
Harris	$5,829	$486
Harrison	$3,397	$283
Hartley	$3,925	$327
Haskell	$4,498	$375
Hays	$2,613	$218
Hemphill	$4,329	$361
Henderson	$3,497	$291
Hidalgo	$3,334	$278
Hill	$3,737	$311
Hockley	$3,682	$307
Hood	$4,212	$351
Hopkins	$3,649	$304
Houston	$3,358	$280
Howard	$3,678	$307
Hudspeth	$2,360	$197
Hunt	$3,846	$321
Hutchinson	$4,233	$353
Irion	$3,627	$302
Jack	$4,550	$379
Jackson	$4,923	$410
Jasper	$3,996	$333
Jeff Davis	$2,271	$189
Jefferson	$4,065	$339
Jim Hogg	$2,777	$231
Jim Wells	$3,712	$309
Johnson	$3,990	$333
Jones	$4,193	$349
Karnes	$3,559	$297
Kaufman	$3,912	$326
Kendall	$2,714	$226
Kenedy	$4,394	$366
Kent	$4,292	$358
Kerr	$2,637	$220
Kimble	$3,023	$252
King	$4,648	$387
Kinney	$2,487	$207
Kleberg	$3,561	$297
Knox	$4,400	$367
La Salle	$2,800	$233
Lamar	$3,778	$315
Lamb	$3,759	$313
Lampasas	$2,849	$237
Lavaca	$3,764	$314
Lee	$2,963	$247
Leon	$3,395	$283
Liberty	$4,837	$403
Limestone	$3,483	$290
Lipscomb	$4,531	$378
Live Oak	$4,119	$343
Llano	$2,925	$244
Loving	$2,699	$225
Lubbock	$3,937	$328
Lynn	$3,874	$323
Madison	$3,353	$279
Marion	$3,589	$299
Martin	$3,648	$304
Mason	$3,043	$254
Matagorda	$5,247	$437
Maverick	$2,423	$202
Mcculloch	$3,687	$307
Mclennan	$3,315	$276
Mcmullen	$3,008	$251
Medina	$2,805	$234
Menard	$3,197	$266
Midland	$3,397	$283
Milam	$2,983	$249
Mills	$3,694	$308
Mitchell	$3,880	$323
Montague	$4,380	$365
Montgomery	$4,095	$341
Moore	$4,022	$335
Morris	$3,477	$290
Motley	$4,360	$363
Nacogdoches	$3,205	$267
Navarro	$3,614	$301
Newton	$3,815	$318
Nolan	$4,021	$335
Nueces	$4,556	$380
Ochiltree	$4,517	$376
Oldham	$4,065	$339
Orange	$5,190	$433
Palo Pinto	$4,520	$377
Panola	$3,211	$268
Parker	$4,296	$358
Parmer	$3,738	$311
Pecos	$2,759	$230
Polk	$3,926	$327
Potter	$4,201	$350
Presidio	$2,340	$195
Rains	$3,691	$308
Randall	$4,192	$349
Reagan	$3,391	$283
Real	$2,761	$230
Red River	$3,628	$302
Reeves	$2,695	$225
Refugio	$4,557	$380
Roberts	$4,366	$364
Robertson	$3,106	$259
Rockwall	$3,993	$333
Runnels	$3,910	$326
Rusk	$3,289	$274
Sabine	$3,364	$280
San Augustine	$3,273	$273
San Jacinto	$4,011	$334
San Patricio	$4,489	$374
San Saba	$3,231	$269
Schleicher	$3,066	$256
Scurry	$4,184	$349
Shackelford	$4,296	$358
Shelby	$3,122	$260
Sherman	$4,125	$344
Smith	$3,308	$276
Somervell	$4,163	$347
Starr	$2,721	$227
Stephens	$4,323	$360
Sterling	$3,657	$305
Stonewall	$4,378	$365
Sutton	$2,868	$239
Swisher	$4,033	$336
Tarrant	$4,237	$353
Taylor	$4,041	$337
Terrell	$2,545	$212
Terry	$3,824	$319
Throckmorton	$4,325	$360
Titus	$3,475	$290
Tom Green	$3,657	$305
Travis	$2,621	$218
Trinity	$3,378	$281
Tyler	$3,852	$321
Upshur	$3,379	$282
Upton	$3,592	$299
Uvalde	$2,721	$227
Val Verde	$2,609	$217
Van Zandt	$3,642	$303
Victoria	$5,135	$428
Walker	$3,720	$310
Waller	$5,142	$428
Ward	$3,242	$270
Washington	$3,614	$301
Webb	$2,514	$209
Wharton	$5,831	$486
Wheeler	$4,536	$378
Wichita	$4,456	$371
Wilbarger	$4,712	$393
Willacy	$3,587	$299
Williamson	$2,698	$225
Wilson	$2,818	$235
Winkler	$3,209	$267
Wise	$4,390	$366
Wood	$3,553	$296
Yoakum	$3,686	$307
Young	$4,450	$371
Zapata	$2,287	$191
Zavala	$2,472	$206

Data updated in 2024

Read our methodology

New York homeowners insurance calculator

Enter your ZIP code in the search box to see that area's average home insurance rate and the highest and lowest premiums fielded from major insurers. Comparing home insurance rates will give you an idea of how much you can save.

Home insurance calculator

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP code	City	Highest rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP code	City	Lowest rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data updated in 2024

Read our methodology

The New York Department of Financial Services says...

Each of New York City's five boroughs constitutes a separate rating territory for homeowners insurance but have one protection classification. Outside of the five NYC boroughs companies assign territories based on their own individual experience and assign protection classification factors based on the level of fire protection in the area.

- The New York Department of Financial Services

New York home insurance trends

What’s affecting home insurance in New York? Here’s what you need to know

New York governor Kathy Hochul signed two new insurance bills that will affect home insurance, Insurance Business Magazine reports.. One allows parametric policies that cover specific weather-related events, and the other expands access to C-MAP, which helps find coverage for coastal homes.
Two home insurance companies have left New York, according to CBS News New York. Adirondack Insurance Exchange and its subsidiary Mountain Valley Indemnity are exiting the market. The exit largely impacts Long Island residents.
New York could follow states like Florida and Louisiana into an insurance crisis; the warning comes after a report from the New York Civil Justice Institute on high rates in the state.
According to S&P Global, New York homeowners insurance rates rose by 19% from 2018-2023.

Homeowners insurance rates in New York by city

Below are some sample rates for different cities in New York. You’ll notice that rates often vary by city.

City	Average annual rate
New York	$2,688
Mount Vernon	$2,116
New Rochelle	$2,043
Yonkers	$2,019
Utica	$1,674
Albany	$1,656
Schenectady	$1,575
Buffalo	$1,558
Syracuse	$1,543
Rochester	$1,483

Data updated in 2024

Read our methodology

Homeowners insurance discounts in New York

If the cost of your coverage is unaffordable, there are many ways to lower your premium. Many insurers will lower your bill if you purchase more than one type of insurance policy from them. This is called bundling, and can cut your costs by up to 17%, on average statewide, based on Insurance.com’s discount data analysis. But, depending on your insurance company and homeowner profile, you could receive a higher or lower discount.

You can also cut your costs by making your home more disaster-resistant. Installing hurricane glass or accordion shutters might help you get a discount.

Other possible home insurance discounts include:

Installing smoke detectors, a burglar alarm or deadbolts: 2%, 5%, and 1%, respectively
Installing a sprinkler system and a fire and burglar alarm: 6% to 7% percent
Loyalty discounts: about 7% on average after three to five years and 7% for ten years or more

Methodology

Insurance.com commissioned Quadrant Data Services in 2023 to provide homeowners insurance rates across all New York ZIP codes for dwelling coverage ranging from $200,000 to $1,000,000 with liability limits of $300,000 and a $1,000 deductible (2% for hurricanes). The content is updated for 2024.

Frequently asked questions: New York home insurance

What can you do when denied home insurance in New York?

The New York Property Insurance Underwriting Association offers the FAIR Plan for property owners who can't get home insurance elsewhere.

A FAIR Plan offers coverage similar to any home insurance policy. It protects against fire, lightning, explosion, vandalism, snow damage and other perils. It also offers extended coverage for windstorms and hail coverage.

However, FAIR Plan coverage is typically more restrictive and expensive than standard homeowners insurance.

How do I file a complaint against my home insurance company?

The New York Department of Financial Services is the place to go if you need to file a complaint about a home insurance company.

You can also file an online complaint using a Consumer Complaint Form. When you file a complaint, you'll need your insurance company's name, the policy number and claim number, if appropriate, and related documents, such as letters and photos, and information about the issue.

Does New York home insurance cover floods?

Flood insurance isn't part of a regular home insurance policy. Instead, homeowners need to buy a separate policy either through the National Flood Insurance Program (NFIP) or a home insurer that works with the NFIP.

Learn more about flood insurance in New York here.

How do hurricane and windstorm deductibles work in New York?

New York is one of 19 states that allows hurricane deductibles. Home insurance companies may include a hurricane deductible on your policy.

Hurricane or windstorm deductibles are usually between 1% and 5%. So, if your home has a hurricane or windstorm deductible, you’ll be responsible for that part of the claim.

If your home is a candidate for a hurricane deductible, you discuss it with the insurance company. An insurer may waive the deductible if you lower the home's risk by adding hurricane shutters.