Average home insurance cost in New York
New York sits comfortably in the affordable half of the country at #12 of 51, about 31% below the national average — roughly $780 a year cheaper than the typical American homeowner pays.
The single most reliable way to cut your premium is comparing quotes — the gap between the cheapest and priciest carrier for the same coverage regularly exceeds $1,000 a year.
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How New York compares with its neighbors
| State | Annual premium | Difference vs NY |
|---|---|---|
| New York | $1,710 | — |
| New Jersey | $1,480 | −$230/yr |
| Connecticut | $2,135 | +$425/yr |
| Pennsylvania | $1,720 | +$10/yr |
| Massachusetts | $1,645 | −$65/yr |
New York home insurance FAQ
How much is homeowners insurance in New York?
Home insurance in New York averages $1,710 per year — about $143 per month — for a benchmark policy with $400,000 in dwelling coverage, $300,000 liability and a $1,000 deductible. Your rate depends on your home's age, construction, location and claim history.
Is home insurance in New York more expensive than average?
No. New York's average of $1,710/year is about 31% below the U.S. average of $2,490/year, ranking #12 of 51 (1 = cheapest).
How can I lower my home insurance bill in New York?
The four moves that reliably work: compare quotes from at least three carriers (the biggest lever — gaps of $1,000+ per year for identical coverage are common), raise your deductible to an amount you could cover in an emergency, bundle home and auto with one carrier for a 10–25% discount, and ask about discounts for wind-resistant roofing, monitored security systems and claim-free history.
The single most reliable way to cut your premium is comparing quotes — the gap between the cheapest and priciest carrier for the same coverage regularly exceeds $1,000 a year.
Compare home insurance quotesWe may earn a commission if you request quotes through this link. It costs you nothing and never affects the data we publish.