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New York Home Insurance Estimator โ€” Updated 2026

State abbreviation: NY

Homeowners insurance in New York averages $1,440/year, depending on home value, location (wildfire/flood zones), age, and coverage limits. For a home valued at $385,000, you should budget 0.37% of its value annually for insurance. Insurance costs here are above the national average.

New York Financial Data (2026)

State Tax Rate
6.85%
Property Tax Rate
1.72%
Median Home Price
$385,000
Avg Insurance Cost
$1,440/year
Cost of Living Index
117
State Abbreviation
NY