New York home insurance
Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.
Home insurance premium estimator
What homeowners insurance costs in your state, and whether what you pay is out of line.
Replacement cost calculator
Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.
Deductible comparison
What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.
Renewal increase check
Did your renewal go up more than premiums did across your state — and what to do about it.
Full coverage check
All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.
New York at a glance
- Average premium
- $1,594/ yr
- At $300,000 of dwelling coverage.
- Standard deductible
- $1,000
- Applies to everyday claims.
- Storm deductible — separate, and much larger
- $6,000(2% of coverage)
- What you would pay out of pocket on $300,000 of coverage before a storm claim pays anything — not the $1,000 above.
- Insurer of last resort
- New York Property Insurance Underwriting Association (NYPIUA)
- New York's FAIR Plan and property insurer of last resort. Writes fire and extended coverage (wind, hail, explosion, riot, aircraft, vehicles, smoke, vandalism and malicious mischief) on buildings and contents, with an optional Broad Form adding burglary damage, falling objects, weight of ice and snow, water discharge, freezing and electrical damage. Maximum limits are $600,000 on an occupied single-family or frame dwelling, higher for certain commercial and institutional risks. Eligibility is screened rather than automatic: properties are excluded for unsecured vacancy, tax or utility arrears beyond two years, material unrepaired damage, unsafe utilities, open code violations, or a pattern of multiple losses within three years within the owner's control. Coastal homes within 1,500 feet of salt water must meet state-approved hurricane protection standards to get windstorm coverage. Roughly a quarter of NYPIUA's book is Long Island property. Separately, New York's Coastal Market Assistance Program (C-MAP) helps place coverage for owners rejected by at least three private insurers -- a placement service, not an insurer, and a step most downstate owners should exhaust before NYPIUA.
Last updated 2026-08-28. How we source every figure