The Best Home Insurance in New York for 2024

See the best and cheapest insurers in New York state.
Kayda Norman
Sarah Schlichter
By Sarah Schlichter and  Kayda Norman 
Edited by Caitlin Constantine

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The Empire State is home to nearly 20 million people, approximately 54% of whom are homeowners. Having the right insurance for your home can protect you financially against theft, natural disasters and other potential problems.

NerdWallet has compared rates and policies from companies across the state to help you find the best homeowners insurance in New York in the following categories:

Note: Due to underwriting practices and market volatility, some companies in this article may no longer write new policies in your area.

Hosue and clouds
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

Best budget homeowners insurance in New York: State Farm

insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

State Farm is the largest insurer in the United States, and it’s notable for providing lots of coverage options with premiums that tend to be lower than average. In New York, the average annual premium for State Farm is $955, which is well below the state average of $1,365.

State Farm’s lower premiums don’t mean the insurer skimps on coverage. Unlike many other companies, its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.


Best homeowners insurance in New York for coverage: The Andover Companies

insurance-product-card-logo

The Andover Companies

5.0

NerdWallet rating 
Superior coverage sold through independent agents in select states.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

The Andover Companies

5.0

NerdWallet rating 
Superior coverage sold through independent agents in select states.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

The Andover Companies’ home insurance policies generally come with broader coverage for your belongings and more coverage for the structure of your home than a standard homeowners policy provides. (Note that most but not all homes qualify for this coverage.)

Most Andover policies also include a generous amount of ordinance or law coverage, which pays to upgrade your home up to current building codes during repairs after a covered claim.


Best homeowners insurance in New York for consumer experience: Nationwide

insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected
insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected

Nationwide offers a robust consumer experience for its customers, including a website that makes it easy to manage policies, file and track claims, and set up automatic billing. It also has a highly rated app for Android and iOS that allows customers to file and track claims, review policy documents and set up autopay.

In addition, Nationwide’s customers have several ways to get assistance, such as reaching out to their agent or calling the company’s customer service hotline. Outside of business hours, they can use the Nationwide website to get proof of insurance, pay bills and schedule callbacks. A chatbot is also available to answer basic questions.


Full list of the best home insurance companies in New York

NerdWallet analyzed dozens of home insurance companies to find the best home insurance in New York. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

$2,010

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$955

4.5

NerdWallet rating 

$1,000

4.5

NerdWallet rating 

$1,050

4.5

NerdWallet rating 

$2,465

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

Not available

5.0

NerdWallet rating 

Not available

*USAA homeowners policies are available only to active military, veterans and their families.

How much does homeowners insurance cost in New York?

The average annual cost of home insurance in New York is $1,365. That’s 25% less than the national average of $1,820.

In most U.S. states, including New York, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score. 

In New York, those with poor credit pay an average of $2,170 per year. That’s 59% more for homeowners insurance than those with good credit, according to NerdWallet’s rate analysis.

Average cost of homeowners insurance in New York by city

How much you pay for home insurance in New York depends on where you live. For example, the average cost of homeowners insurance in New York City is $2,065 per year. In Buffalo, homeowners insurance costs about $1,020 per year, on average. 

Note: City names in the table below are based on the U.S. Postal Service’s preferred names for each ZIP code.

City

Average annual rate

Average monthly rate

Albany

$1,075

$90

Astoria

$1,645

$137

Binghamton

$940

$78

Bronx

$1,790

$149

Brooklyn

$1,920

$160

Buffalo

$1,020

$85

Corona

$1,660

$138

East Elmhurst

$1,680

$140

Elmhurst

$1,650

$138

Far Rockaway

$1,940

$162

Flushing

$1,700

$142

Jamaica

$1,720

$143

Mount Vernon

$1,420

$118

New Rochelle

$1,400

$117

New York

$2,065

$172

Poughkeepsie

$1,000

$83

Ridgewood

$1,645

$137

Rochester

$945

$79

Schenectady

$1,030

$86

Staten Island

$1,600

$133

Syracuse

$1,000

$83

Utica

$1,065

$89

White Plains

$1,280

$107

Woodside

$1,625

$135

Yonkers

$1,345

$112

The cheapest home insurance in New York

Here are the five cheapest insurers we found in New York.

Company

NerdWallet star rating

Average annual rate

NYCM

Not rated

$620

Sterling Insurance

Not rated

$915

State Farm

4.5

NerdWallet rating 

$955

Kingstone Insurance

Not rated

$995

Plymouth Rock

4.0

NerdWallet rating 

$995

What to know about New York homeowners insurance

Every state has unique hazards that can impact your home. Therefore, it’s essential to know what your home insurance policy covers so you can purchase additional coverage if needed. Some factors that may impact your home insurance in New York include winter weather, flooding and tropical storms.

Winter weather

Cold temperatures and winter storms can wreak havoc on a home, from burst pipes to ice damage. Homeowners insurance covers many but not all of these issues. For example, it’ll generally pay to clean up water damage from a frozen pipe or repair your roof if a blizzard knocks a tree onto it. However, it won’t pay for flooding caused by melting snow unless you have flood insurance.

Flooding

Floods can cause massive damage to a house, including structural problems and ruined furniture, and a standard homeowners insurance policy won’t cover any of it. If your home is in a high-risk flood zone as designated by the Federal Emergency Management Agency, your mortgage lender may require you to buy flood insurance. However, those in low- to moderate-risk areas can also get policies.

To find out if you’re at risk, put your address into FEMA's flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your home is in a low-risk zone, it may be worth purchasing flood insurance to protect yourself financially.

Hurricanes and tropical storms

In 2012, Hurricane Sandy battered the Eastern Seaboard, and some homeowners found their insurance coverage insufficient. As noted above, homeowners policies generally don’t cover flood damage. 

In addition to buying flood insurance, New York homeowners may also want to check whether their homeowners policy includes coverage for wind damage. Most policies do unless the home is in a high-risk area along the coast. 

You may also want to check whether you have a separate deductible for wind claims. If so, it may be higher than the deductible for all other types of damage. (A home insurance deductible is the amount of a claim you’re responsible for.) 

Hosue and clouds
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.

New York insurance department

Don’t forget you have an ally in the New York Department of Financial Services. This is the state agency that oversees New York’s insurance industry. You can check its website to confirm that your insurer is appropriately certified or to file a complaint. In addition, the agency’s toll-free helpline is available Monday through Friday from 8:30 a.m. to 4:30 p.m. at 800-342-3736. Translation services are available. You can also email [email protected]

Looking for more insurance in New York?

Amanda Shapland contributed to this story.

Methodology

NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

DIVE EVEN DEEPER IN INSURANCE
Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.