Cheapest home insurance carriers in New York City
Estimated annual premiums for a standard policy (~$300k dwelling, $1,000 deductible), ranked cheapest first — New York City averages about $1,468/yr (median of the carriers below: $1,277/yr). Enter your ZIP for a ranking tuned to your home.
| # | Carrier | Est. annual | vs median |
|---|---|---|---|
| 1 | State Farm | $1,139/yr | Save $138 |
| 2 | USAA | $1,168/yr | Save $109 |
| 3 | NJM Insurance | $1,174/yr | Save $103 |
| 4 | Amica Mutual | $1,224/yr | Save $53 |
| 5 | Erie Insurance | $1,233/yr | Save $44 |
| 6 | Mercury Insurance | $1,321/yr | +$44 |
| 7 | CSAA / AAA | $1,350/yr | +$73 |
| 8 | Nationwide | $1,451/yr | +$174 |
| 9 | The Hartford | $1,495/yr | +$218 |
| 10 | Allstate | $1,504/yr | +$227 |
Why home insurance costs what it does in New York City
New York City-area home insurance is priced mainly around coastal wind and high rebuilding costs. Coastal wind exposure across Long Island and the outer boroughs, dense high-value property, and steep rebuilding costs push New York City-area home premiums well above the low upstate average.
The metro average hides your ZIP. A single carrier can price neighboring ZIPs very differently — coastal, wildfire, or older-home areas load high while lower-risk pockets pay less. This page is a New York City-level estimate; compare carriers for your exact ZIP to see where you land, and see why your rate can jump even when your carrier’s filing looks flat.
See all New York home rates & carriers → · Who’s raising & cutting New York home rates →
Directional estimates from public rate filings and NAIC data — not a quote. Metro figures apply a modeled New York City offset to the New York average; your actual rate depends on dwelling amount, deductible, roof age, claims history, and exact ZIP.