Averill Park, NY Homeowners Insurance Rate Quotes!

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Homeowners like you living in Averill Park are shopping rates online to find cheaper home insurance rates because rates have increased or the policy does not offer the coverage you need. At GetHomeInsuranceQuotes.com, we help customers shop multiple home insurance rates all-in-one place. Rates in Averill Park are starting around $995 per year or only $83 per month. A home in Averill Park with an average square footage of 1,700 are seeing rates as low as $745 per year because the price to rebuild the home is cheaper than a larger home that requires more building supplies to rebuild. Large homes in this area cost homeowners around $1,295 per year. According to industry data, the average premium price in the state of New York is $1,356 per year. The national home insurance average price is $1,311. Let us help you shop the best Averill Park, NY homeowners insurance rates available, we are able to shop around 12 different insurance companies. This helps compare price and coverage to pick out the best rated home insurance company for you!

It is important to know that there are a variety of different policy types and each one is written for a certain type of house or apartment. Having the correct policy type is key to having the proper coverage on your home.

Here is a little information about some of the most common insurance types for homeowners in the city of Averill Park:

 Type Description
HO-3

The most common of homeowners coverage is the HO-3. The majority of homeowners carry this type of policy and it covers damage that is caused by all perils unless they are excluded in the body of the policy. Damage that is caused by floods or earthquakes is always excluded on an HO-3 policy but there can be other exclusions as well.

HO-6

Condos are becoming a popular housing option in Averill Park and if you have one, this is the policy type you need. In addition to condos, it also protects co-ops. This insurance offers coverage for your personal belongings as well as the components of the building that you actually own.

HO-8

Averill Park is lucky to have a fair number of historical homes and if you own one, you may need a HO-8 policy. These policy types are specific to older homes where the replacement cost of the house may actually exceed the cash value of the home.

These policies are affordable because the payout levels are less than the actual replacement cost of the house. In most cases, the need for an HO-8 policy arises when the house is more than 40 years old and doesn’t qualify for a HO-3 policy. These policies only cover 11 perils.

HO-4

This policy type was designed for people that rent an apartment. It is often referred to as renters insurance. An HO-4 policy will pay out for damage to your personal property in your apartment and it also offers liability protection in the event that someone is injured in your apartment.

Compare Homeowners Insurance Rates in Averill Park, NY!

Enter your Zip Code:    

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

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

Average Rates Nearby Averill Park

Are you looking for homeowners insurance in a city near Averill Park? 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 Averill Park, NY

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

12018,     

Averill Park, NY Home Insurance Average Premiums

Local Averill Park, NY home insurance quotes comparison

$745 /yr.

Shows Averill Park's lowest average rates with discounts applied.

For the city of Averill Park, 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)
$745 /yr.
Average Coverage:$995 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1295 /yr.

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

  • • The average homeowners insurance premium paid annually for a home in Averill Park is around $995 per year.

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

  • • Homeowners in Averill Park pay an average cost per month around $83.00 for insurance coverage.

Averill Park, NY Coastal Wind, Hail & Flood Information

Averill Park 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.

Averill Park, NY - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $315,971 $296,461
February $316,108 $299,464
March $318,136 $304,014
April $320,802 $308,833

Homeowners insurance will help cover the cost to repair or replace your Averill Park 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 Averill Park
  • 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 Averill Park, NY homeowners insurance rates all in one place!

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

Saving Money Tips on Averill Park Home Insurance

A great way to save money on Averill Park 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 Averill Park 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
1051 ft. This is the average home elevation in Averill Park, 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 Averill Park, 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 Averill Park, 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 Rensselaer County.

New York Homeowners Insurance News & Information

  • Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024

    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]

  • 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 […]

Averill Park, NY Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Averill Park 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 Averill Park, NY?

- The average square footage in Averill Park is around 1,106 Sq. Ft. which would cost you around $226,700 to replace the home if you base the home on the price to build per square foot of $205.

Minimum Replacement Cost Total: $226,700

Location: Averill Park, New York (Rensselaer County)

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

Average Square Footage in Averill Park: 1,106 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$205$226,700
Some Additional Upgrades$256$283,375
Major Home Updates or Advancements$308$340,050

The dwelling coverage is calculated by the average cost per square foot ($205) in Averill Park, 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.