Albany, NY Home Insurance Quotes!

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Easily compare up to 12 competitive Albany, NY rates all in one place!

You can now easily compare up to 12 home insurance rates in Albany, NY online without the hassle of multiple home insurance agents or companies calling you all at once. At GetHomeInsuranceQuotes.com, we provide superior service when it comes to finding cheaper rates with better coverage options. The majority of our carrier options are rated "A+" by A.M. Best and most of all they are brand names you can trust like Travelers, Safeco, Nationwide, Liberty Mutual, Progressive, and so many more carriers that are very competitive in the Albany area.

Getting multiple New York homeowners insurance quotes doesn't have to be a stressful burden. We make it easy for you to get the quotes you need fast so you have time to review, compare and save up to 40% or more on your new home insurance policy. Please visit our discounts and credits page to find out how you can save additional money on your home insurance premium to help make it more affordable. Our process will run multiple estimates to help you apply all the discounts available so we can help you bundle and package your home insurance coverage together. This process makes it easy for you to get the home insurance shopping done right the first time.

Our Albany, NY Home Insurance Quoting Process

It's time to start saving time and money by shopping your policy with us. Lower rates are available for homeowners living in Albany as low as $761 a year, so it's important to work with a Albany homeowners insurance agent that knows the best carrier that's right for you and your family. Our process is simple and thousands of homeowners just like you enjoy our fast, free shopping service. Once you complete our quoting application, we will present up to 12 rates. We will also assign one licensed home insurance professional to help answer any questions that you may have. Enter your zip code and get your quotes today!

Homeownership in Albany, NY

It's no secret that Albany, NY has now reached over 97,856 residents in population size with 163,193 homes within the city of Albany. The average number of homes per zip code in Albany is around 7,418. With population density increasing, it's important to make sure your home has the proper coverage within your local neighborhood or district.

SourceValue
Location:Albany, NY (ALBANY County)
Population:97,856
Occupied Residents:163,193
Average Real Estate Value Per Zip Code:$184,245

Homeowners Insurance Rates in Albany

Common questions that we get from homeowners based out of Albany, usually have to do with a comparision request of what they are currently paying per year for home insurance and what other homeowners in Albany County are also paying for the best home insurance coverage. Residents of Albany, NY are currently paying $1,011 per year for homeowners insurance coverage on average, where the majority of the United States home insurance premiums are around $1,311. When we shop your policy, you can expect more affordable premiums that can be as low as $761 a year for great coverage with a great company. Homes that are larger in square footage require more replacement cost coverage so rates for a home above the 2500 square foot range are seeing rates around $1,311 a year. Most homeowners in your area are paying around $84 per month for a standard homeowners policy not including wind and hail insurance, flood or earth quake coverage. Those require a separate policy to help cover major damages to your home.

Compare Homeowners Insurance Rates in Albany, NY!

Enter your Zip Code:    

Get up to 12 competitive Albany, NY homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Albany, NY rates all in one place!

Average Rates Nearby Albany

Are you looking for homeowners insurance in a city near Albany? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Albany, NY

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Albany.

12202,     12203,     12204,     12205,     12206,     12207,     12208,     12209,     12210,     12211,     12222,     

Albany, NY Home Insurance Average Premiums

Local Albany, NY home insurance quotes comparison

$761 /yr.

Shows Albany's lowest average rates with discounts applied.

For the city of Albany, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$761 /yr.
Average Coverage:$1011 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1311 /yr.

What is the average home insurance cost for a home in Albany, NY?

  • • The average homeowners insurance premium paid annually for a home in Albany is around $1011 per year.

What does it cost on average per month for home insurance in Albany, NY?

  • • Homeowners in Albany pay an average cost per month around $84.00 for insurance coverage.

Albany, NY Coastal Wind, Hail & Flood Information

Albany is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Albany, NY - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $267,424 $255,604
February $268,618 $256,800
March $270,990 $258,707
April $273,976 $261,291

Homeowners insurance will help cover the cost to repair or replace your Albany home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Albany
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Albany, NY homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Albany, NY rates all in one place!

Saving Money Tips on Albany Home Insurance

A great way to save money on Albany homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Albany area? Check out what homeowners are paying on average for New York homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
219 ft. This is the average home elevation in Albany, NY

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Albany, New York.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Albany, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Albany County.

New York Homeowners Insurance News & Information

  • Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024

    While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

  • The Best Way to Check the Financial Strength of Home Insurance Companies Posted on Wednesday 3rd April, 2024

    If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it.  A.M. Best is a credit rating […]

  • Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024

    A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

  • North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024

    North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]

  • How Do Renovations Impact Home Insurance? (2024 Guide) Posted on Friday 15th March, 2024

    Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured.  Major upgrades such as adding square footage to your home or […]

Albany, NY Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Albany so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Albany, NY?

- The average square footage in Albany is around 899 Sq. Ft. which would cost you around $184,245 to replace the home if you base the home on the price to build per square foot of $205.

Minimum Replacement Cost Total: $184,245

Location: Albany, New York (Albany County)

Average Building Cost Per Square Foot in Albany: $205 (low end)

Average Square Footage in Albany: 899 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$205$184,245
Some Additional Upgrades$256$230,307
Major Home Updates or Advancements$308$276,368

The dwelling coverage is calculated by the average cost per square foot ($205) in Albany, New York times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $640,625 (Media price to build of $256 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.