The 5 Best New York Homeowners Insurance Companies

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Home to one of the world’s largest cities as well as nearly 36,000 farms, New York is a diverse state of skyscrapers and silos with varied insurance needs. The average annual premium for homeowners insurance in New York is $935, according to , compared with the national average of $1,228. But shopping around will help guarantee that you get the best price and coverage for your needs. Take a look at some of the best homeowners insurance companies in New York to determine which is the best fit for your home and use the quote tool below to get accurate estimates and comparisons.

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Our Top Picks for Best Homeowners Insurance in New York

After looking at a variety of different factors, these are the best options for homeowners insurance for residents of New York:

Amica Mutual

Having earned the highest honors in two different J.D. Power studies as well as Consumer Report surveys, Amica is one of the most popular insurance companies for New York homeowners. This insurance company may not be one of the largest, but it offers many perks and gets few customer complaints.

The policy provides coverage for any unforeseen damage to your home as well as liability protection from claims made against you. This coverage stays with you when you’re away from home and covers any temporary repairs necessary to prevent further damage from occurring.

Amica also has flexible coverage add-ons that are tailored to your budget and circumstances. Rate reductions and discount options are available for combining policies, higher deductibles, alarm systems and for being claim-free. The award-winning customer service representatives can walk you through specific discounts you may be eligible for.

Allstate

Although it is known mostly for its car insurance, Allstate has a large share of the U.S. home insurance market, and with good reason. Allstate offers customizable coverage options, multiple discounts and helpful online educational tools to answer any questions you may have regarding your insurance policy. These features have helped Allstate earn a superior financial strength rating from A.M. Best.

Exclusive Allstate resources, such as the Premium Gauge tool, which shows you how your home insurance premium would be affected by different factors, as well as multiple calculator tools, make Allstate an easily navigable and user-friendly provider. Browse through the website and see if you qualify for one of the many discounts, such as those for new customers, new homes or retirees.

Travelers

Travelers home insurance in New York is a well-rated, affordable and reliable provider, and it is one of the most well-known and enduring insurers in the country. The company received an A+ rating from A.M. Best for financial strength, an AA (very strong) rating from S&P Global Ratings and gets high scores for customer satisfaction based on annual customer complaint data, all of which puts it up there with the best insurance providers. It also boasts good ratings from J.D. Power for customer service.

Travelers offers many ways to save. Policyholders can save up to 15 percent on home insurance if they have more than one policy with the company. Additional discounts are available to those who install protective devices such as smoke detectors and alarms. Plus, Travelers gives a 5 percent discount for certified green homes, which are good for the environment. The company is especially geared toward people who want to talk to an in-person agent or who want to buy more than one product from the same provider to cover their property and possessions.

Liberty Mutual

When it comes to discounts available to policyholders, Liberty Mutual is one of the leading competitors for homeowners insurance in New York. Among these are discounts for having multiple policies through Liberty Mutual, not filing a claim for an extended period of time, belonging to certain businesses and organizations that are part of Liberty Mutual’s group savings network, and having a new or recently renovated home.

A.M. Best rated Liberty Mutual’s financial strength as excellent and J.D. Power studies have shown this insurance provider to be above average in its homeowners coverage.

Liberty Mutual’s website provides resources and tips for saving money and getting the maximum benefit from your home insurance policy. Liberty Mutual also provides a mobile app that comes in handy for regular upkeep and in the event of an emergency. You can use the app to take pictures of damage, upload receipts, report claims and track progress on existing claims without having to jump through hoops.

Nationwide

Nationwide is a popular choice for homeowners insurance in New York because it provides coverage options that are tailored to the often-harsh weather in the Northeast that can damage your home. Nationwide also offers coverage for events experienced too often by city dwellers, such as theft or burglary. The company even has brand-new replacement for belongings that have been compromised or stolen, as well as an easy-to-use claims reporting service that allows you to recover from disaster quickly and efficiently. All of these available options, and more, like their Better Roof Replacement, make Nationwide a one-stop insurer for nearly all of your personal policy needs.

Nationwide has competitive rates and offers discounts of up to 20 percent for insurance bundling. With a five-star rating by J.D. Power and an A+ from A.M. Best, you can safely say that Nationwide really is on your side.

How much is homeowners insurance in New York?

When considering a dwelling worth $200,000 with $100,000 liability and a $1,000 deductible, the average annual cost of homeowners insurance in New York is around $935, which is down a little bit from previous years. Premium costs will vary depending on your city or area of residence, but New York still is less expensive than the $1,228 national average.

Of course, the costs for insurance are greater in some metropolitan areas, such as New York City, but there are other factors that can affect the cost as well, which are described below.

New York Rate Factors

If you own your home in New York City or other areas with higher-than-average crime rates, this will increase your homeowners insurance premiums. Homes located along the coast, such as on Long Island or along the Great Lakes, will likely see increases based on potential wind- and water-related damages. You should also be aware that many areas of New York see heavy snowfall that could lead to burst pipes, roof damage and other winter-storm damages.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

The 5 Best Homeowners Insurance Companies in New York