"Compared with nearby states, New York is among the most affordable. New Jersey homeowners with a mortgage also average $1,000-$1,499, with similar patterns. Pennsylvania mortgage holders fall into the same category, while non-mortgaged homeowners average slightly less at $800-$999. Connecticut and Massachusetts, however, are more expensive, with mortgaged owners paying $1,500-$1,999. Rhode Island also trends higher. This positions New York as one of the more affordable large states in the Northeast."
"New York homeowners continue to pay relatively low insurance costs compared with many other states, even though the state has dense coastal communities exposed to flooding and storms. While premiums are climbing nationwide, particularly in Gulf Coast states, new data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report show that New York remains more affordable than many might expect."
New York homeowners with or without a mortgage typically pay $1,000–$1,499 annually for homeowners insurance, and statewide averages fall in the same range. The state has 4,252,571 insured homeowner households, including 2,416,320 with a mortgage and 1,836,251 without. Among mortgaged owners, 198,833 pay less than $100 annually while 195,166 pay $4,000 or more; among non-mortgaged owners, 313,575 pay less than $100 and 133,653 pay $4,000 or more. Premiums are rising nationwide, especially in Gulf Coast states, yet New York remains more affordable than Connecticut, Massachusetts and some other nearby states.
Read at SFGATE
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