Homeowners insurance cost in New York County, New York
A transparent county budgeting benchmark—not a carrier quote—with a deliberately wide range.
Estimated annual insurance budget
For a $1,090,500 home (the county median):
$4,527/yr (budgeting range $2,716–$6,338)
Low confidence State NAIC baseline scaled by replacement cost and county hazard risk.
What drives this estimate
- NAIC HO-3 state average
- $1,628/yr
- FEMA county risk percentile
- 98.79 (Relatively High)
- Illustrative PITI
- $6,725/mo
The NAIC figure is a historical statewide average, scaled for the county median home value. FEMA's National Risk Index supplies a relative county hazard signal; it is not an insurer's underwriting model and does not include property-specific construction, deductible, credit, claims history, flood coverage, or current market repricing.
Local cost context
New York County is ranked 60 from highest to lowest effective property-tax rate among 62 published New York counties.
Its 0.92% effective tax rate is 1.04 percentage points below the state published-county average of 1.96%.
The county median home value of $1,090,500 is $901,500 above the New York county median of $189,000.
FEMA risk percentile: 98.79 (Relatively High). This is relative risk context, not an underwriting score.
Similar-rate counties
- Richmond County: 0.92% property-tax rate and $675,500 median home value
- Queens County: 0.87% property-tax rate and $723,800 median home value
- Hamilton County: 1% property-tax rate and $260,200 median home value
Common questions about New York County insurance costs
- How much is homeowners insurance in New York County, New York?
- A planning estimate is $4,527 per year for the county median home value of $1,090,500. The budgeting range is $2,716 to $6,338 because carrier quotes depend on property-specific underwriting.
- Why can the real quote be different from this New York County estimate?
- The model uses public county and state data, while a carrier uses roof age, construction, deductible, coverage limits, credit, claims history, distance to hazards, and current market pricing. Treat the number as an escrow planning benchmark, not an insurance quote.
- What is the combined monthly carrying-cost estimate in New York County?
- With the page assumptions, monthly PITI is about $6,725. That includes principal and interest, $10,001/yr in estimated property tax, and $4,527/yr in modeled homeowners insurance.
Estimate insurance and total monthly cost
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Sources, freshness & method
Confidence: Low. Insurance varies materially by home and carrier, so this page uses a ±40% budgeting band rather than false precision.
NAIC baseline as of 2022-12-31; FEMA version 1.20 as of 2025-12-01; data version 2024.1.
Sources: NAIC Homeowners Insurance Report; FEMA National Risk Index. TrueCarry's analysis is not endorsed by FEMA.
Read the insurance and PITI methodology
Insurance disclaimer: Estimate for budgeting only — not an insurance quote and not a binding price. Verify with the county assessor and a licensed professional before making financial decisions.