Best Home Insurance Companies in New York
Chubb and Erie are among the top-rated home insurance companies in New York, according to our analysis. We evaluated data from more than 30 insurance providers to assist you in finding the best homeowners insurance coverage in the state. The insurers listed below earned 4.5 stars or higher in our analysis. These rates are based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage, and a $1,000 deductible. Please note that some insurance companies included in this article may have adjusted their underwriting practices and are no longer issuing new policies in your state.
*USAA homeowners policies are available only to active military, veterans, and their families.
Why Trust NerdWallet
NerdWallet adheres to strict editorial guidelines to ensure fairness and accuracy in our coverage, helping you choose the financial products that best suit your needs. Our analysis is based on the following:
- Extensive Data Analysis: Over 270 million rates analyzed by our team of specialists.
- Comprehensive Coverage: More than 50 insurance companies analyzed across all 50 states and Washington D.C.
- User-Friendly Information: All your insurance information, all in one place. View your policies anytime, anywhere, and receive notifications when it’s time to renew or shop. Link your insurance to your free NerdWallet account to get started.
The Best Home Insurance Companies in New York: In-Depth
Here’s a closer look at the top-rated homeowners insurance companies in New York:
Amica
NerdWallet Star Rating: 5.0
Amica is a well-established insurer known for exceptional customer service. They offer a great set of discounts and have drawn far fewer consumer complaints compared to what is expected for an insurer of their size, according to the National Association of Insurance Commissioners (NAIC). Their Platinum Choice package also offers extra coverage. However, the quote process cannot be completed online.
Chubb
NerdWallet Star Rating: 5.0
Chubb is ideal for owners of high-value homes and generally receives significantly fewer consumer complaints than expected for their size, as reported by the NAIC. Chubb policies include perks such as extended replacement cost to rebuild your home after a disaster. HomeScan service, which uses infrared cameras to look for problems, is also offered. However, most consumers are unable to get a quote online – they must contact a local agent.
Erie
NerdWallet Star Rating: 5.0
Erie is best suited for homeowners who prefer working with an agent. Erie offers guaranteed replacement cost coverage for the structure of your home. Bundling home and auto insurance with Erie could save you 16% or more. You may also be able to save if your home has certain safety features such as smoke alarms or sprinkler systems. No online quotes are available.
Allstate
NerdWallet Star Rating: 4.5
Allstate is widely available across the U.S. and provides numerous ways to customize your policy. It offers many discounts, including home-sharing coverage availability. Some downsides include a below-average ranking in J.D. Power’s 2024 U.S. Home Insurance Study. Additional coverage options, like reimbursement for replacing damaged items with energy-efficient versions, are available. You may also be able to upgrade your policy with their Enhanced Package.
The Andover Companies
NerdWallet Star Rating: 4.5
The Andover Companies offer superior coverage through independent agents in select states, including more generous dwelling and personal property coverage than many insurers. Their policies also typically include a generous amount of ordinance or law coverage, which pays to upgrade your home to current building codes during repairs after a covered claim. No online quotes are available.
Cincinnati Insurance
NerdWallet Star Rating: 4.5
Cincinnati Insurance sells homeowners policies through local independent agents across the U.S. They offer various customizable coverage options and special packages for higher-value homes. They also have fewer complaints than expected for a company of its size. Bundling home and auto insurance, having a newer home, or installing a centrally monitored alarm system may qualify you for a discount. No online quotes are available.
Farmers
NerdWallet Star Rating: 4.5
Farmers provides several coverage options. Those seeking policy add-ons like diminishing deductibles and claims forgiveness may want to consider Farmers. Discounts are available for nonsmokers and members of certain professions, but tend to be more expensive than many competitors, ranked below average in customer satisfaction in J.D. Power’s 2024 U.S. Home Insurance Study. Customers are offered a declining deductible, which will reduce your deductible by $50 each year you have your policy. You can also add claims forgiveness.
The Hanover
NerdWallet Star Rating: 4.5
The Hanover is best for homeowners looking for many ways to customize their policy. You can opt for an auto/home package, or a standalone policy for a standard house. They offer an extensive list of coverage options. Guaranteed replacement cost coverage, which will pay as much as it takes to rebuild your home after a disaster, is available. Policies are sold exclusively through local independent agents. No online quote options are available, and their mobile app is poorly rated.
Nationwide
NerdWallet Star Rating: 4.5
Nationwide is a good choice for shoppers seeking a broad range of coverage options. Their standard homeowners policies include ordinance or law coverage. They also include coverage for unauthorized credit or debit transactions. They offer many discounts and offer a free smart device to prevent electrical fires in many states. Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. They do not insure mobile or manufactured homes.
State Farm
NerdWallet Star Rating: 4.5
State Farm is a well-established insurer with a lengthy list of coverage options. They have user-friendly websites and offer personalized service. They offer extra coverage for your home’s structure. State Farm has fewer customer complaints relative to its size. They advertise fewer discounts than some other insurers.
Travelers
NerdWallet Star Rating: 4.5
Travelers provides a robust online experience. Travelers offers a robust online experience with a strong online experience. They offer a green home coverage option, which pays extra if you want to use eco-friendly materials when repairing or rebuilding your home after a covered claim. They offer discounts for eco-friendly homeowners and a strong online experience.They do not insure mobile or manufactured homes.
USAA
NerdWallet Star Rating: 5.0
USAA sells homeowners insurance to veterans, active military members, and their families. Their homeowners insurance has features that other insurers may charge extra for. For example, USAA automatically covers your personal belongings on a replacement cost basis.
Home Insurance Costs in New York
The average annual cost for home insurance in New York is $1,740, which is 18% less than the national average of $2,110. Homeowners with poor credit may pay an average of $2,555 per year. The cost depends on your location.
Average Cost by City
Cheapest Home Insurance Options in New York
Here are some of the insurers with average annual rates below the New York average of $1,740:
- Ontario Insurance
- Sterling Insurance
- Security Mutual
- State Farm
- Dryden Mutual
- Kingstone Insurance
- NYCM
Common Risks for New York Homeowners
Winter Weather
Homeowners insurance typically covers problems caused by cold temperatures and winter storms. Generally, it will pay to clean up water damage caused by a frozen pipe. However, it typically excludes flooding caused by melting snow unless the homeowner purchases flood insurance.
Flooding
A standard policy generally does not cover damage caused by flooding. Homeowners in high-risk flood zones may be required to buy flood insurance.Those in low- to moderate-risk areas can also get policies.
Hurricanes and Tropical Storms
Check if your homeowners policy includes coverage for wind damage. You may also want to check whether you have a separate deductible for wind claims. To be fully covered for tropical storms and hurricanes, purchase separate flood insurance.
Frequently Asked Questions
Is homeowners insurance mandatory in New York?
Homeowners insurance is not required by state law but may be required by your mortgage lender.
Why is home insurance so expensive in New York?
Homeowners insurance generally costs less than the national average, but your rate may be impacted by poor credit, the cost to rebuild, and your neighborhood’s crime rate, in addition to inflation.
How can I save money on home insurance in New York?
- Shop around to find the best rates.
- Choose a higher deductible.
- Bundle your home and auto insurance.
