New York homeowners insurance cost
Northeast region · NAIC 2022 HO-3 average · rank #18 of 51
The average annual homeowners insurance premium in New York is about $1,628 for the standard HO-3 policy form (NAIC 2022 data, the latest available) — about 4% above the national average of $1,569. New York ranks #18 of 51 states and DC (1 = most expensive), making it near average on home-insurance cost, close to the national average. The main local cost drivers are coastal wind (downstate), high home values, winter storms. This is a countrywide average, not a quote for your home.
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
New York home insurance at a glance
| Figure | New York |
|---|---|
| Average annual HO-3 premium | $1,628 |
| National average (HO-3) | $1,569 |
| vs national average | 4% (about 4% above the national average) |
| State rank (1 = most expensive of 51) | #18 |
| Cost band | Near average (close to the national average) |
| Region | Northeast |
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
What drives home insurance cost in New York
A homeowners premium mostly reflects how likely and how expensive a claim is. In New York, the main factors behind the $1,628 average are:
- coastal wind (downstate)
- high home values
- winter storms
On top of these location factors, your own premium swings with your home's rebuilding cost (Coverage A), roof age and material, deductible, claims history and, in most states, your insurance credit score. See our premium drivers guide for how each one moves the price.
Estimated New York premium by dwelling coverage
A rough idea of how the New York average scales with the amount of dwelling (Coverage A) you carry. These are illustrative estimates from the state average scaled by a coverage factor — not quotes.
| Dwelling coverage (Coverage A) | Estimated annual premium |
|---|---|
| $200,000 to $299,999 | $1,628 |
| $300,000 to $399,999 | $2,084 |
| $400,000 to $499,999 | $2,540 |
| $500,000 and over | $3,256 |
Source: Estimated from the NAIC 2022 New York average and a coverage-scaling factor. Data as of June 2026.
For a tailored figure use the premium estimator. The scaling factors are an approximation documented on the methodology page, not published NAIC band data.
How New York compares with similar states
| State | Avg HO-3 / yr | vs national |
|---|---|---|
| New York (this state) | $1,628 | 4% |
| North Carolina | $1,621 | 3% |
| Montana | $1,639 | 4% |
| Georgia | $1,655 | 5% |
| Wyoming | $1,596 | 2% |
| Missouri | $1,668 | 6% |
Frequently asked questions
How much is homeowners insurance in New York?
The average annual homeowners (HO-3) premium in New York is about $1,628, about 4% above the national average of $1,569 (NAIC 2022 data, the latest available). It ranks #18 of 51 states and DC, where 1 is the most expensive. This is a countrywide average, not a quote for your home.
Why is home insurance priced the way it is in New York?
New York's premiums are shaped mainly by coastal wind (downstate), high home values, winter storms. Catastrophe exposure (wind, hail, wildfire), rebuilding costs and claims history are the biggest levers on a homeowners premium. New York is near average versus the national average, close to the national average.
Is New York home insurance going up?
Yes, like most of the country. NAIC's latest report shows the national HO-3 average rose about 11.26% in 2022 year-over-year, driven by reconstruction-cost inflation and rising catastrophe losses. 2022 is the latest published data year, so current New York premiums are likely higher than the figure shown. Verify with insurers.
Is the $1,628 figure a quote?
No. $1,628 is the NAIC 2022 countrywide average HO-3 premium for New York - an average across all homes and insurers, not a quote for your property. Your actual premium depends on your home's value, age, construction, roof, deductible, claims history, credit and insurer. Always get real quotes.
Keep exploring
YMYL note. The $1,628 figure is the NAIC 2022 countrywide average for New York - general information, not a quote. Homeowners insurance protects one of your largest assets; actual premiums vary widely by home and insurer. Always get real quotes from licensed insurers and verify coverage with your state insurance department.
Last updated: 2026-06-20