Best Homeowners Insurance in New York

State Farm homeowners insurance policy provides coverage for your home, personal property, and liability. Some nature-related perils, like lightning, hail, or a frozen plumbing system, are also included in a standard home policy, as are sudden or accidental plumbing-related water damages.

State Farm is also the cheapest homeowners insurance company in New York state in our rating, based on the available data. State Farm also offers renters, life, car, and pet insurance through its partner Trupanion.

A homeowners policy from Allstate includes dwelling and personal property coverage, as well as liability and guest medical protection. Coverage may also include weather peril like windstorms or hail, falling objects, or water damage from things like plumbing or water heater issues, depending on where you live.

Allstate advertises a multi-policy discount that can decrease costs by up to 25% if you bundle your home and auto policies. Allstate also has car, life, renters, and business insurance products available for purchase.

If you qualify for membership, USAA’s homeowners insurance policies cover dwelling, personal property, and liability. That includes damages and losses from things like theft, fire, vandalism, and identity theft. While its home policies cover “most weather-related events,” there are restrictions, so you’d have to contact the company to make sure you’d be sufficiently covered, depending on your needs.

Because USAA membership is typically limited to members of the military, veterans, and their families, it’s not an option for everyone. And because of the membership requirement, you’d have to join to get a quote.

USAA also sells other insurance products such as renters, auto, life, and pet insurance as well as banking and retirement products.

Nationwide’s homeowners policies include dwelling, personal property, loss of use, liability, and external structures coverage. There is also personal property replacement cost coverage, but it isn’t included in the basic policy and would come at an additional cost.

Its rates are on the lower end of the spectrum for companies in our rating offering homeowners insurance in New York. And there is a selection of discounts available, like multi-policy, new home purchase, and being claim-free.

Nationwide also has car, pet, renters, life, and personal umbrella insurance policies available for purchase.

If you were to go with Erie, your standard policy would include dwelling, personal property, and loss of use coverage. So, for example, if your home were to be robbed, or there were tornado-related damages, you’d be covered. Unlike some other options on this list, these policies also come with guaranteed replacement cost coverage, so you won’t have to worry about depreciation when it comes to repairing your home or replacing your belongings.

Erie’s multi-policy discount can cut costs by an average of 20%, depending on your location, according to its website.

With a homeowners insurance policy from Lemonade, you get the standard coverages, like coverage for home and personal property damage as well as liability. This includes damage caused by things like extreme weather and criminal activity. It also covers loss of use, so if your home becomes so damaged that it’s unlivable, you’ll have the money you’ll need to make alternative living arrangements.

External structures, like a shed, fence, or driveway, would also be included in the standard Lemonade homeowners policy. The company also sells life, renters, auto, and pet insurance products.

Chubb’s homeowners policies include several coverages that aren’t standard with most policies. For example, extended replacement costs (if you have a covered peril Chubb will pay to repair or rebuild your home even if the cost goes beyond your policy limits), tree removal after a storm, and lock replacement for lost or stolen keys are all included in a home policy. There’s also personal liability coverage that ranges from $1 million to $100 million.

These extras appear to come at a premium, though, as Chubb is the most expensive option in our Best Homeowners Insurance Companies in New York rating, based on the available data. And you’d have to get in touch with one of the company’s agents to get a quote based on your unique circumstances.

A homeowners policy with Liberty Mutual includes coverage for your house, personal property, and external structures like a shed, as well as liability and loss of use. Fire, water, and weather damages are also generally covered in the basic policy. However, damage from water backups isn’t included in the base price, so you might have to purchase additional coverage to get that covered.

Liberty Mutual also has car, flood, life, pet, and umbrella insurance products available for purchase.

Travelers’ standard homeowners insurance policies include coverage for your primary dwelling, additional structures, loss of use, liability, and personal property. Coverage limits are also flexible – for example, personal property limits can be expanded to cover valuable possessions like jewelry or artwork. Flood and earthquake insurance are also available, though flood insurance is typically sold as a separate policy.

In addition to its wide range of coverage options, Travelers also offers homeowners several opportunities to lower their annual premiums. Discounts are available for bundling multiple policies, maintaining a claim-free history for a certain period of time, and installing protective devices (such as smoke alarms and home security systems).