New York Homeowners Insurance

U.S. Treasury FIO data for 1,530 ZIP codes in New York (NY).

The verdict

According to U.S. Treasury FIO filings, New York ranks #20 of 51 by average premium ($1,896/yr) ≠ #48 of 50 by nonrenewal (0.59%). Cost rank is not withdrawal rank.

$1,896
State avg premium (#20 of 51)
#48
Nonrenewal of 50 (0.59%)
11962
In-state premium ZIP #1 ($22,974)
10003
In-state nonrenewal ZIP #1 (4.10%)

Premium rank counts states with a reported average premium, highest first, abbreviation tiebreak. Nonrenewal rank counts states that publish a rate. In-state ZIP #1s are separate extracts.

New York vs all states by ZIP-mean homeowners premium

Where this state's average ZIP premium sits among every state that reports one (lower is better for homeowners)

$1,896 Around the middle lower premium than 37% of 51 states

States, banded by ZIP-mean annual homeowners premium (FIO)

Each bar is a $0.001K-wide band; taller bars hold more states. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.

Source U.S. Treasury FIO Homeowners Insurance Markets Report · 2018–2022

Homeowners in New York pay an average of $1,896 per year for home insurance - 7% above the national average of $1,776. That ranks New York as the 20th most expensive state out of 51 for homeowners insurance. Between 2018 and 2022, premiums rose by 6.6%.

On five-year premium growth (2018–2022), New York ranks 24th out of 51 states. Its nonrenewal rate (0.59%) ranks 48th out of 50 - nonrenewal is an early warning indicator of insurer retreat, often tied to disaster risk.

According to the U.S. Department of the Treasury, Federal Insurance Office - "Analyses of U.S. Homeowners Insurance Markets, 2018–2022." Premium values are five-year averages across all ZIP-level observations. See methodology for how the state rank and comparison are calculated.

How New York Compares

vs National Average
$1,896 vs $1,776
7% above national avg
Rank Among States
20th of 51
most expensive for homeowners insurance
Loss Ratio vs National
42.7% vs 58.0%
insurers retain more margin here
Avg Premium
$1,896/yr
National avg: $1,776 (+7% above)
Premium Change
+6.6%
2018-2022 change
Avg Loss Ratio
42.7%
Claims paid vs premiums earned
Nonrenewal Rate
0.59%
-7.2% change

Data Snapshot: New York Homeowners Insurance

Across the 1,530 New York ZIP codes in the U.S. Treasury FIO data, the average annual home insurance premium is $1,896. That is an average of ZIP codes, in which a ZIP of a few hundred people counts the same as one of tens of thousands. Weighting each ZIP by its population, closer to what a typical New York homeowner pays, gives $4,968 per year. That is 7% above the national average of $1,776 per year reported by the Federal Insurance Office. New York ranks 20th most expensive out of 51 states and territories on annual premium, with ZIP-level observations ranging from $723 in 14884 to $22,974 in 11962.

Between 2018 and 2022, average premiums rose by 6.6% in New York, placing the state 24th nationally on five-year premium growth. The state-level loss ratio averaged 42.7%, meaning insurers retained a healthy margin after claims, typical of stable markets. Nonrenewal rates, the share of policies insurers decline to extend at expiration, averaged 0.59% across the ZIP codes that report one (81% of the state's ZIP codes; those without a published rate are smaller and higher-premium on average, so this figure is likely conservative), a decline of 7.2% over the study period (ranking 48th out of 50 states).

Within New York, premium dispersion across ZIP codes is substantial: the most expensive ZIP (11962 in Sagaponack) charges 3079% more than the least expensive (14884 in Swain), reflecting local differences in catastrophe exposure, construction costs, and claims history. The FIO dataset aggregates voluntary reporting from the 40 largest homeowners insurers covering roughly 80% of the U.S. market, so ZIP-level figures represent market averages rather than individual quotes; actual premiums vary with dwelling value, deductible, coverage limits, and insurer-specific underwriting. This page is a FIO registry extract, not a quote or a recommendation.

How to read these figures: state averages on this page are computed from U.S. Treasury Federal Insurance Office data, which the office collects directly from the largest homeowners insurers and reports at the ZIP-code level. A statewide average blends expensive coastal and wildfire-exposed markets with lower-cost inland areas, so the figure is a useful benchmark but will understate what some residents pay and overstate what others pay. The loss ratio is the share of every premium dollar that insurers returned as claims; sustained ratios near or above one signal a market under pressure, where rate increases, tighter underwriting, or nonrenewals tend to follow. Claim frequency and nonrenewal rates show how often policies result in claims and how often insurers decline to renew, both of which track local catastrophe exposure. Treat the state number as a registry average, then open the ZIP table below for the same filing year's local premium and nonrenewal extracts.

Loss Ratio Reading: New York

0%150%43%

New York statewide - FIO 2018-2022 average: 43% (Insurer-favorable) - low claim payout, insurer retains a healthy margin.

ZIP Codes Tracked

1,530

Reporting Period

2018-2022

Source

U.S. Treasury FIO

Year Avg Premium Median Premium
2018 $1,779 $1,180
2019 $1,792 (+0.8%) $1,203
2020 $1,812 (+1.1%) $1,210
2021 $1,852 (+2.2%) $1,215
2022 $1,896 (+2.4%) $1,217

Average premium in New York, 2018–2022

$1,750$1,800$1,850$1,900$1,950 20182019202020212022 $1,896
Average homeowners premium per year in New York.

All ZIP Codes in New York

1,530 ZIP codes sorted by premium (highest first). Click column headers to sort.

ZIP City Premium
11962 Sagaponack $22,974
11976 Water Mill $19,340
10021 New York $18,597
11932 Bridgehampton $17,929
10014 New York $16,786
10128 New York $15,848
10075 New York $15,663
06390 Fishers Island $15,382
10065 New York $15,332
11975 Wainscott $14,865
10011 New York $14,334
11765 Mill Neck $14,308
10028 New York $14,005
10024 New York $13,159
11968 Southampton $13,022
11959 Quogue $12,363
11568 Old Westbury $11,594
11201 Brooklyn $11,552
11930 Amagansett $11,141
10013 New York $11,047
10023 New York $10,860
10003 New York $10,527
10025 New York $10,332
10022 New York $10,288
11559 Lawrence $9,866
11937 East Hampton $9,774
11978 Westhampton Beach $9,722
10012 New York $9,669
10017 New York $9,473
10016 New York $9,321
10577 Purchase $8,678
11963 Sag Harbor $8,413
11960 Remsenburg $8,372
11964 Shelter Island $8,055
11965 Shelter Island Heights $7,910
10031 New York $7,758
11024 Great Neck $7,538
10597 Waccabuc $7,494
11957 Orient $7,386
10030 New York $7,378
11977 Westhampton $7,375
11509 Atlantic Beach $7,106
11217 Brooklyn $7,064
11954 Montauk $7,034
10029 New York $6,679
10027 New York $6,544
10026 New York $6,518
10580 Rye $6,480
11231 Brooklyn $6,354
10506 Bedford $6,272

Natural-hazard context (FEMA NRI)

County National Risk Index scores joined to New York ZIP codes in the same FIO filing year. This is hazard and vulnerability context from FEMA, not a premium driver table and not a quote.

Mean county risk score
79.5
14th of 50 states by mean score · national mean 69.3
Counties joined
62
Distinct county FIPS on New York FIO ZIPs
Most common top hazard
Tornado
22 of 62 counties
Highest FEMA NRI counties in New York
County Risk score Rating Top hazard
Kings 99.3 Relatively High Heat Wave
Queens 99.2 Relatively High Heat Wave
New York 98.8 Relatively High Heat Wave
Counties with elevated FEMA hazard ratings in New York
Hazard Elevated counties Share of joined
Winter weather 18 29%
Flooding 11 18%
Hurricane 7 11%
Tornado 3 5%
Earthquake 2 3%
Hail 2 3%

Elevated = FEMA Relatively High or Very High rating on that hazard column. Ratings are independent per hazard; a county can appear in more than one row.

Source: FEMA National Risk Index · research board: top counties by NRI score.

Nationwide states with similar insurance profiles

Two FIO peer sets for New York: nearest other states by average homeowners premium and by statewide nonrenewal rate. These are cross-state neighborhoods, not the in-state ZIP table above.

Similar average premium

Nearest states by average homeowners premium ($1,896/yr here).

Similar nonrenewal rate

Nearest states by average nonrenewal rate (0.59% here).

Frequently Asked Questions

What is the average homeowners insurance cost in New York?
Averaged across the 1,530 New York ZIP codes in the U.S. Treasury FIO data, the annual homeowners premium is $1,896 ($4,968 when each ZIP is weighted by population, which is closer to what a typical homeowner pays). This is 7% above the national average of $1,776.
How have insurance premiums changed in New York?
New York homeowners insurance premiums changed by +6.6% between 2018 and 2022. The average loss ratio is 42.7%, meaning insurers pay out that percentage of earned premiums in claims.
Which ZIP code has the most expensive insurance in New York?
The most expensive ZIP code for homeowners insurance in New York is 11962, with an average premium of $22,974/yr. The most affordable is 14884 at $723/yr.
What is the nonrenewal rate for New York homeowners insurance?
Averaged across the New York ZIP codes that report one (81% of the state's ZIP codes), the nonrenewal rate is 0.59%. This rate has changed by -7.2% from 2018 to 2022. Nonrenewals occur when an insurer declines to renew an existing policy at expiration. ZIP 10003 has the highest nonrenewal rate in the state at 4.10%.
What is a loss ratio and what does New York's mean?
A loss ratio measures how much an insurer pays out in claims compared to premiums collected. New York's average loss ratio is 42.7%. Ratios above 100% indicate insurers are paying more in claims than they collect, which often leads to premium increases.
How often do homeowners file insurance claims in New York?
The average claim frequency in New York is 3.36%, meaning that percentage of policies result in a claim each year. The average claim severity (cost per claim) is $22,350. Higher claim frequency and severity typically correlate with higher premiums.
What natural hazards drive risk in New York?
Across 62 FEMA National Risk Index counties that join to New York ZIP codes in the FIO file, the mean county risk score is 79.5 (15% above the 50-state mean of 69.3). The most common county-level top hazard is Tornado (22 of 62 counties). Elevated (Relatively High or Very High) county ratings concentrate in Winter weather (18), Flooding (11), Hurricane (7). NRI scores are county hazard/vulnerability context from FEMA; they are not premiums and are not a quote.

New York in the FIO registry

State averages sit next to ZIP-level premium and nonrenewal extracts from the same filing year.

  • New York ZIP premiums and nonrenewal rates in the same table. ZIP table
  • National premium board versus the population-floored nonrenewal board. Rankings
  • How competition ranks and dual boards are derived. Methodology

State figures are five-year ZIP-level averages from U.S. Treasury FIO data, a benchmark, not a quote for any individual home.

Source: U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs

Source data: U.S. Treasury FIO · FEMA National Risk Index · NOAA Storm Events. See our methodology.

Every figure on PlainInsure is rendered directly from U.S. Treasury Federal Insurance Office data, no number is typed in by an editor. This state's figures are rendered directly from U.S. Treasury FIO data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.