Best Homeowners Insurance Companies in New York

State Farm ranks No. 1 in our review of the best home insurance in New York, followed by Main Street America and Chubb.

See if you're overpaying for home insurance below.

Written by Mark Fitzpatrick

Updated: January 22, 2026

Advertising & Editorial Disclosure

New York's Top Home Insurance Companies: Key Takeaways

State Farm is the best home insurance provider in New York, earning a 4.8 out of 5 rating from our review team.

Main Street America, Chubb, Farmers and Nationwide rank high for homeowners insurance in New York based on affordable rates, strong customer service and reliable coverage.

The best insurer for your home depends on your coverage needs, budget and preferred features like claims service or discount availability.

New York homeowners pay rates below the national average. MoneyGeek analyzed premiums, J.D. Power satisfaction scores and coverage options from major insurers to find the best home insurance companies in New York.

What Are the Best Home Insurance Companies in New York?

State Farm ranks first for New York homeowners with the state's lowest premiums and above-average customer satisfaction. Main Street America, Chubb, Farmers and Nationwide complete the top five, excelling in areas like military-focused service, premium coverage quality and local agent networks.


State Farm	4.8	$980	Most New York homeowners
Main Street America	4.6	$1,250	Comprehensive add-ons
Chubb	4.5	$2,137	Customer satisfaction
Farmers	4.5	$1,414	Policy customization
Nationwide	4.4	$1,359	Financial stability

*Our ratings consider various combinations of coverage levels, home features and homeowner details to identify the best overall options. Rankings may differ based on your profile.

State Farm

MoneyGeek Rating

4.8/ 5

5/5Affordability

4.6/5Customer Experience

4.6/5Coverage

J.D. Power Customer Satisfaction Score
657/1,000
Average Annual Premium
$980

pros
- Digital tools streamline policy management and customer service
- J.D. Power score exceeds industry average for customer satisfaction
- Most affordable rates for New York homeowners
cons
- Claims take longer to process during peak times
- Not available in all New York areas
- Direct purchase means less personal guidance than using an agent
State Farm offers New York's most affordable home insurance at $980 annually. The company includes replacement cost coverage for personal belongings. You get full value for items after a loss, rather than depreciated amounts. Policies cover additional living expenses when you need temporary housing during home repairs. State Farm works well for NY homeowners who want solid protection at competitive prices.

State Farm charges $980 annually for home insurance in New York, 37% less than the state average of $1,554 and 71% below the national average of $3,467. Bundle multiple policies or install a home security system to unlock discounts. These savings can drop your premium even more.


Older Homes	$83	$999
Newer Homes	$60	$719
Young Homeowners	$82	$981
Senior Homeowners	$81	$977
High-Risk Fire Homes	$91	$1,098
Smaller Homes	$130	$1,558
Larger Homes	$152	$1,824

State Farm earned 657 out of 1,000 points in the J.D. Power Home Insurance Study. The industry average is 642. You can work with local independent agents who understand the needs of New York homeowners. You can also buy directly from the company. State Farm's online tools handle quotes and claims well. The mobile app has fewer features than some competitors.
State Farm provides standard homeowners coverage with optional add-ons:
- Dwelling coverage: Protects your home's structure from covered perils
- Personal property: Covers your belongings with replacement cost options
- Liability protection: Covers legal costs if someone gets injured on your property
- Additional living expenses: Pay for temporary housing during repairs
- Medical payments: Cover minor guest injuries regardless of fault
- Personal umbrella policy: Adds liability protection beyond standard limits
- Identity restoration coverage: Helps you recover from identity theft

Main Street America Insurance

MoneyGeek Rating

4.6/ 5

4.8/5Affordability

4.2/5Customer Experience

4.7/5Coverage

J.D. Power Customer Satisfaction Score
N/A
Average Annual Premium
$1,250

pros
- Financial stability with high industry ratings
- Affordable rates for New York homeowners
cons
- Slower claims process
- Fewer add-on coverage options
- Limited availability in some areas
At $1,250 per year, Main Street America ranks among New York's most budget-friendly options while maintaining coverage depth. The company recognizes that a Rochester suburb homeowner faces different risks than someone in Manhattan, offering customizable policies that address both urban density and rural exposure. New York's flood-prone regions benefit from Main Street America's natural disaster protection, which goes beyond standard coverage.

New York homeowners already enjoy rates 55% below the national benchmark, but Main Street America pushes savings further at $1,250 annually. That's $304 less than what the average Empire State resident pays and $2,217 below what Americans typically spend on home insurance. Stack bundling discounts with home security incentives, and your premium drops even more.


Older Homes	$151	$1,807
Newer Homes	$81	$972
Young Homeowners	$104	$1,253
Senior Homeowners	$104	$1,247
High-Risk Fire Homes	$117	$1,401
Smaller Homes	$162	$1,946
Larger Homes	$190	$2,277

Main Street America has no J.D. Power score available. The industry average is 642 points. The company works with local independent agents. These agents know the specific needs of New York homeowners. Main Street America also offers an online platform for managing your policy. You get both personal agent support and digital tools.
Main Street America provides standard homeowners coverage with optional add-ons:
- Equipment breakdown: Covers repairs or replacement of home systems and appliances after mechanical failure
- Water backup: Covers damage from water backing up through sewers or drains
- Identity theft protection: Helps with expenses related to identity theft
- Service line coverage: Covers underground service line repairs for water, sewer and gas
- Scheduled personal property: Adds coverage for high-value items like jewelry or art
- Inland flood: Covers flood damage not included in standard policies
- Green upgrades: Pays to replace damaged items with eco-friendly options
- Cyber protection: Covers losses from cyber attacks and data breaches
- Umbrella coverage: Adds liability protection beyond standard policy limits

Chubb

MoneyGeek Rating

4.5/ 5

4.2/5Affordability

5/5Customer Experience

5/5Coverage

J.D. Power Customer Satisfaction Score
677/1,000
Average Annual Premium
$2,137

pros
- Agent network provides personalized service and local support
- Financial stability backed by high industry ratings
- Comprehensive coverage options
cons
- Limited direct purchase options restrict customer accessibility
- Limited coverage situations
- Limited availability
Chubb offers strong value for New York homeowners at $2,137 annually. The company includes guaranteed replacement cost coverage. Your home gets rebuilt without depreciation deductions. Chubb covers personal property extensively. High-value items like jewelry and art get substantial limits. Chubb works well for NY homeowners who want superior coverage and can afford premium protection for valuable assets.

Chubb charges $2,137 annually for home insurance in New York, which is 38% more than the state average of $1,554 amd 38% below the national average of $3,467. Bundle multiple policies or install a home security system to unlock discounts.


Older Homes	$181	$2,173
Newer Homes	$164	$1,964
Young Homeowners	$178	$2,140
Senior Homeowners	$178	$2,131
High-Risk Fire Homes	$199	$2,394
Smaller Homes	$280	$3,360
Larger Homes	$328	$3,931

Chubb earned 677 out of 1,000 points in the J.D. Power U.S. Home Insurance Study. The industry average is 642. You work with local independent agents who understand the needs of New York homeowners. Chubb's online platform handles policy management. You get personal agent support and digital tools.
Chubb provides standard homeowners coverage with premium add-ons designed for high-value homes:
- Guaranteed replacement cost: Rebuilds your home without depreciation, even when costs exceed policy limits
- Extended personal property: Offers high-limit coverage for jewelry, art and collectibles
- Water backup coverage: Protects against damage from sewer and drain backups
- Ordinance or law: Covers upgrade costs to meet current building codes after a covered loss
- Identity theft protection: Covers identity restoration expenses
- Equipment breakdown: Covers mechanical failures of home systems and appliances

Farmers

MoneyGeek Rating

4.5/ 5

4.6/5Affordability

4.6/5Customer Experience

3.9/5Coverage

J.D. Power Customer Satisfaction Score
631/1,000
Average Annual Premium
$1,414

pros
- Flexible policies with many add-on coverage choices
- Strong financial stability with high industry ratings
- Pricing near New York state average
cons
- Customer satisfaction scores below industry standards
- Not available in all New York areas
- Coverage gaps may limit access in some regions
Farmers offers New York homeowners competitive home insurance at $1,414 annually. The company provides customizable coverage options. You can adapt your policy to your property type and budget. Farmers includes additional living expenses coverage. This pays for temporary housing during repairs. Farmers works well for New York residents seeking reliable protection at reasonable rates.

Farmers charges $1,414 annually for home insurance in New York, 9% less than the state average of $1,554 and 55% below the national average of $3,467. Bundle multiple policies or install a home security system to reduce your premium further.


Older Homes	$113	$1,361
Newer Homes	$91	$1,092
Young Homeowners	$139	$1,664
Senior Homeowners	$125	$1,498
High-Risk Fire Homes	$132	$1,584
Smaller Homes	$181	$2,171
Larger Homes	$211	$2,538

Farmers earned 631 out of 1,000 points in J.D. Power ratings. The industry average is 642. Local independent agents handle your account and understand the needs of New York homeowners. The digital platform manages policies easily. The online quote tools have fewer features than some competitors.
Farmers provides standard homeowners coverage with optional add-ons:
- Dwelling coverage: Protects your home's structure against covered perils
- Personal property coverage: Covers belongings inside your home
- Liability protection: Covers legal costs if someone is injured on your property
- Additional living expenses: Pays temporary housing costs during repairs
- Medical payments: Covers minor injuries to guests regardless of fault
- Personal umbrella: Provides extra liability protection beyond standard limits
- Identity theft coverage: Helps restore your identity after theft
- Equipment breakdown: Covers mechanical failures of home systems and appliances

Nationwide

MoneyGeek Rating

4.4/ 5

4.7/5Affordability

4.5/5Customer Experience

3.1/5Coverage

J.D. Power Customer Satisfaction Score
641/1,000
Average Annual Premium
$1,359

pros
- Strong financial stability with high ratings
- Competitive pricing
- Digital tools simplify policy management tasks
cons
- Limited add-ons
- Low customer satisfaction score
- Direct purchase options lack personalized guidance and support
At $1,359 per year, Nationwide delivers two key coverage features: guaranteed replacement cost and water backup protection. The first covers complete rebuilding costs without depreciation penalties, while the second addresses drainage and sewer backup issues common across New York's urban and suburban areas. You get enhanced protection without moving into premium price territory.

Nationwide charges $1,359 annually for New York home insurance, which is 13% less than the state average of $1,554. That's also 61% below the national average of $3,467. Bundle multiple policies together or add a home security system to reduce your premium further through the company's discount programs.


Older Homes	$124	$1,491
Newer Homes	$83	$1,001
Young Homeowners	$116	$1,397
Senior Homeowners	$111	$1,329
High-Risk Fire Homes	$127	$1,522
Smaller Homes	$178	$2,139
Larger Homes	$209	$2,503

Nationwide earned 641 out of 1,000 points in J.D. Power's customer satisfaction study, one point below the 642 industry average. The company works with local independent agents who handle New York homeowners' coverage needs and policy questions. You also get access to an online platform for policy management and claims filing when you prefer digital tools over agent meetings.
Nationwide provides standard homeowners coverage with optional add-ons:

• Guaranteed replacement cost coverage: Ensures full home rebuilding costs without depreciation deductions
• Water backup coverage: Protects against sewer and drain backup damage
• Personal property coverage: Covers belongings inside your home
• Liability protection: Covers legal expenses if someone is injured on your property
• Additional living expenses: Pays for temporary housing during repairs
• Medical payments: Covers minor injuries to guests regardless of fault

Best New York Home Insurance by City

Main Street America and Farmers tie for market leadership in New York. Main Street America ranks best in Albany, Buffalo, East Meadow and Syracuse. Farmers leads in Brooklyn, La Fayette, Queens Village and Yonkers. State Farm offers the best rates in Cooperstown and Rochester. Chubb provides top coverage in New York City.


Albany	Main Street America Insurance	$824
Brooklyn	Farmers	$1,340
Buffalo	Main Street America Insurance	$750
Cooperstown	State Farm	$1,024
East Meadow	Main Street America Insurance	$1,386
La Fayette	Farmers	$785
New York	Chubb	$3,053
Queens Village	Farmers	$1,114
Rochester	State Farm	$930
Syracuse	Main Street America Insurance	$640
Yonkers	Farmers	$861

Cheapest New York Home Insurance Companies

New York homeowners pay $1,554 annually for home insurance, 55% less than the national average of $3,467. State Farm offers the state's most affordable home insurance at $980 annually, 37% below the state average. Main Street America offers the second-lowest rates at $1,250 per year, which is 20% below average. Empire State residents pay 55% less than the $3,467 national average, but premiums vary widely among insurers. Allstate represents the high end, charging 36% more than the national benchmark, showing why shopping around matters.

Cheapest Home Insurers in New York Chart

Guide to Finding the Best New York Home Insurance Company

Choosing quality home insurance in the Empire State means comparing multiple providers while weighing your budget, coverage requirements and service expectations.

Compare Quotes Strategically

Get quotes from at least three to five insurers. Premiums among top New York providers range from $980 to $2,137 annually. Don't just shop by price. The cheapest policy might leave coverage gaps when you file a claim after severe weather or other covered losses.

Check Customer Satisfaction Metrics

Look up complaint ratios through the New York State Department of Financial Services and review J.D. Power scores, which range from 631 to 677 among top New York providers compared to the 642 industry average. Focus on recent customer reviews about claims handling during hurricane season rather than just policy purchasing experiences.

Evaluate Coverage Needs

Base your coverage on replacement cost rather than market value, especially important in New York where construction costs surge after flooding and hurricanes. Consider guaranteed replacement cost options and review additional protections like flood insurance and wind/hail coverage that address your home's specific risks.

Match Service Preferences to Provider Strengths

Digital-first insurers like Lemonade, Hippo and Root work well if you prefer online policy management, while State Farm, Allstate and Farmers offer strong local agent networks for face-to-face support. Match your preferences to avoid paying premium prices for services you won't use.

NEW YORK HOME INSURANCE RISKS

New York experienced over $1 billion in flood damage in 2021, according to the National Oceanic and Atmospheric Administration, making flooding a leading cause of property damage statewide. The state allows insurers to include flooding deductibles in homeowners policies, calculated as 1% to 5% of your home's insured value and must be clearly stated in your policy. Standard homeowners insurance covers many types of damage, but it doesn't cover flood damage, which requires separate flood insurance coverage.

Top-Rated Home Insurance Companies in New York: FAQ

Explore our FAQ section for answers to common questions about selecting the right New York home insurance provider for your needs.

Does New York homeowners insurance cover flood damage from severe storms?

No, standard homeowners insurance in New York doesn't cover flood damage, which requires separate flood insurance coverage. New York experienced over $1 billion in flood damage in 2021 according to NOAA, making flooding a leading cause of property damage statewide, so separate flood coverage is essential for most homeowners.

What is a flooding deductible in New York homeowners insurance?

New York allows insurers to include flooding deductibles in homeowners policies, calculated as 1% to 5% of your home's insured value. These deductibles must be clearly stated in your policy and apply to flood-related claims.

What's the difference between replacement cost and actual cash value coverage?

Replacement cost coverage pays to rebuild your home or replace belongings at current market prices without factoring in depreciation. Actual cash value coverage deducts depreciation based on your property's age and condition, resulting in lower claim payments. While actual cash value policies cost less upfront, you'll pay more out of pocket when filing a claim.

Does home insurance cover sinkholes in New York?

Most New York home insurance policies exclude sinkhole damage, as the state doesn't mandate this coverage. Western New York, especially around the Finger Lakes region, faces higher sinkhole risks due to geological conditions. Review your policy's exclusions and consider purchasing additional coverage if you live in a high-risk area to protect against potential sinkhole damage.

Our Methodology: Determining the Best New York Home Insurers

New York homeowners deal with tornado risks, hurricane exposure and fluctuating construction costs. Our ranking system weighs affordable premiums, quality coverage and reliable claims handling.

We scored insurers across three factors:

Affordability (55%): We compared rates for identical coverage across major providers and evaluated discount availability.

Customer satisfaction (30%): J.D. Power ratings, Trustpilot reviews and app feedback reveal how insurers handle claims after storms damage your home.

Coverage options (15%): We assessed add-on availability, including water backup protection and inland flood options for New York's risks.

Our Sample Profile

Rates reflect a homeowner aged 41-60 with good credit and no prior claims insuring a 2,500-square-foot home built in 2000. Coverage includes $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 personal liability coverage and a $1,000 deductible.

Your rates will vary based on your home's age, location, claims history and credit score.

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

He writes about economics and insurance, breaking down complex topics so people know what they're buying.

Read Full Bio »

sources

NOAA. "National Oceanic and Atmospheric Administration." Accessed February 7, 2026.