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The average New York homeowners insurance rate is $1,309 per year, coming in just slightly more expensive than the national number of $1,211 annually. If you're looking for the lowest price on home insurance, consider getting quotes with a trained professional.
Your New York homeowners policy will come with standard limits to protect against common losses such as fire, theft, vandalism, and natural disasters. Coverages are split into the following categories:
Homeowners insurance is regulated in New York by the state insurance department. If you have a mortgage or lender on your home, they will require proof of insurance in order to obtain a loan. Since New York had $2.17 billion in home insurance claims paid in one year, the proper policy could save you from financial ruin.
In New York, carriers look at numerous risk factors when quoting your homeowners coverage. Some common factors that insurance companies use when rating your home policy are:
Yes, New York currently has 1,287 independent insurance agencies that you can work with to handle your homeowners protection. A trusted adviser will quote coverage through dozens of carriers so that you're presented with the best policy for a fair price.
In New York, you'll have a selection of carrier options when it comes to obtaining homeowners insurance. Some of the most used in New York are Travelers, Progressive, and Foremost insurance companies. These markets are highly rated for excellent customer service and speedy claims handling. To find the best carrier for your situation, consult with a licensed professional.
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,211 year
|City||Annual insurance cost||Avg. home value||Burglaries / 1,000 homes|
|New York City||$1,164||$569,700||1.66|