Get Gloversville, NY Home Insurance Rates!

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If you are shopping for a new homeowners insurance policy in Gloversville, New York you are in the right spot.

Our website was designed to help you find a great policy that offers robust coverage at a price you can afford, all from the comfort of your couch. Our online quoting process is quick and easy, it allows you to shop 12 different nationwide insurance companies. Our insurance partners are nationwide insurers that offer a wide variety of coverage options at an affordable price.

Simply enter your zip code above, answer a few questions and we will get to work finding your new Gloversville homeowners insurance policy.

A Few Facts about Gloversville and New York Home Insurance Rates

The average premium for a standard HO-3 policy in Gloversville, NY is around $1,356 a year, not including wind and hail coverage, earthquak or flood insurance. You can easily compare your current home insurance rate to the state average or the current national average which is $1,311.

Luckily, homes in Gloversville are pretty affordable with the average home price coming in at $91,600 which means you don’t have to carry as much insurance to fully protect your home, this helps keep your premium affordable.

We can help you find more affordable homeowners insurance within or near the Gloversville area by shopping your coverage with a variety of national insurance companies. It’s quick and easy. Start your quote now.

Gloversville and Homeowners Insurance

We know that shopping for homeowners coverage is never simple or fun but we can help make the process much easier. While our process is easy, we never cut corners and will take the time to review your insurance needs, explain the various coverages to you and make sure your home is fully protected against all perils.

Our process also makes sure you are getting all available home insurance discounts, and in many cases, we can help you save up to 40% on your current rates.

Our agents are available nearby and can answer any questions you may have about coverages or policy details; our goal is to make sure you fully understand your policy and all your questions have been answered before you sign on the dotted line.

Less Known Homeowner Insurance Coverages

While most homeowners are aware of the most common homeowner insurance coverages like dwelling and liability, many policies offer additional protections you may not be familiar with but that offer essential protection. Here is a quick rundown of a few of the lesser known coverages:

  • Other Structures: This coverage will protect all other structures on your property that are not your house. This means that if you have a shed, barn, other outbuildings on your property, they are protected under this coverage. It also covers fencing or any other structures on your property that are detached from your home.
    It should be noted that other structures coverage is typically capped at 10 percent of your dwelling coverage. This means that if you are carrying $400,000 in dwelling coverage your other structures coverage is $40,000.
  • Loss of Use: This coverage protects your finances if you are forced out of your home due to a covered peril. As an example, if your home is damaged or destroyed by a fire and you are unable to live there while it is being repaired loss of use coverage will pay for some of the expenses you will incur due to being out of your home such as hotels, restaurants, and even dry cleaning.
  • Medical payments: This coverage will help cover medical bills if someone is injured on your property, regardless of who’s at fault. Coverage limits are usually capped at around $5,000 for this coverage.

Gloversville, NY Housing Information

It may not be a surprise to local residents that Gloversville, NY has now reached over 15,665 in population growth with 6486 homes within the city of Gloversville. The average family household size in Gloversville is reported to be around 3763. With population density increasing in Gloversville, it's important to make sure your home has the homeowners insurance coverage and protection you need for your family. When you request free Gloversville home insurance quotes from us, we will work with you to compare every possible carrier, coverage and discount available.

DemographicValues
Population15,665
Total Occupied Households6486
Family Households (families)3763
Average Owner Occupied Household Size2.41
Average Family Size2.96
Total Housing Units7477

Compare Homeowners Insurance Rates in Gloversville, NY!

Enter your Zip Code:    

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

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

Average Rates Nearby Gloversville

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

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

12078,     

Gloversville, NY Home Insurance Average Premiums

Local Gloversville, NY home insurance quotes comparison

$755 /yr.

Shows Gloversville's lowest average rates with discounts applied.

For the city of Gloversville, 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)
$755 /yr.
Average Coverage:$1005 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1305 /yr.

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

  • • The average homeowners insurance premium paid annually for a home in Gloversville is around $1005 per year.

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

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

Gloversville, NY - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $140,254 $128,461
February $140,016 $130,368
March $140,745 $132,736
April $141,691 $134,570

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

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

Saving Money Tips on Gloversville Home Insurance

A great way to save money on Gloversville 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 Gloversville 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
1551 ft. This is the average home elevation in Gloversville, NY

Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local New York flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Gloversville, 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 Fulton 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 […]

Gloversville, NY Dwelling Coverage Estimate

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

- The average square footage in Gloversville is around 447 Sq. Ft. which would cost you around $91,600 to replace the home if you base the home on the price to build per square foot of $205.

Minimum Replacement Cost Total: $91,600

Location: Gloversville, New York (Fulton County)

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

Average Square Footage in Gloversville: 447 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$205$91,600
Some Additional Upgrades$256$114,500
Major Home Updates or Advancements$308$137,400

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