Get Paul Smiths, NY Home Insurance Rates!

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Since 2009, our New York focused agency has strived to put the needs of the customer first allowing homeowners like yourself living in Paul Smiths to quickly get the homeowners policy you need. Maybe you are shopping today because of unexpected rate increases in the Paul Smiths area or maybe you just purchased a new home.

Whatever the situation, we can provide fast home insurance rates for your home in Paul Smiths easily enter your zip code to start the online quoting rater. The process only takes a few minutes to complete and review coverage options that best fit your needs. Get home insurance quotes today or give us a call now at 1-855-976-2656!

Paul Smiths, NY: Did you know?

Location:Paul Smiths, NY (FRANKLIN County)
Occupied Residents:129
Average Real Estate Value Per Zip Code:$189,600

Average Rates in Paul Smiths

Below you can find some helpful information related to average Paul Smiths home insurance rates and coverages.

  • What are Paul Smiths homeowners paying for home insurance per year? Around $1,356.00 per year on average
  • What can I expect to pay per month for homeowners insurance in Paul Smiths? About $113.00 per month
  • What do other homeowners in other states pay per year on average? Currently, it's around $1,311.00 per year.

The average homeowners insurance rates in Paul Smiths, NY are based on an overall state average which only includes an standard HO-3 homeowners policy for homes that are currently owned and occupied. Our online quoting service is available or you can easily request quotes over the phone, we can help you find cheaper rates by comparing companies, coverage options and discounts like multiline home and auto packages, new roof discounts and added security alarm systems.

Learn More About Home Insurance

If you are a homeowner and you are looking to update your policy because of rate increase, company or coverage enhancement, it's important to learn more about insurance so you can get the best policy for you.

  1. What is homeowners insurance?
  2. What does a replacement cost coverage and actual cash value mean for my home?
  3. This home insurance calculator will calculate your dwelling coverage for your home in Paul Smiths, NY so you know what type of home insurance coverage you need to cover your replacement cost.
  4. What are the homeowners insurance discounts available to homeowners living in New York?
  5. Here are the top 3 home insurance credits available to homeowners.


Compare Homeowners Insurance Rates in Paul Smiths, NY!

Enter your Zip Code:    

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

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

Average Rates Nearby Paul Smiths

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

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


Paul Smiths, NY Home Insurance Average Premiums

Local Paul Smiths, NY home insurance quotes comparison

$791 /yr.

Shows Paul Smiths's lowest average rates with discounts applied.

For the city of Paul Smiths, 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)
$791 /yr.
Average Coverage:$1041 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1341 /yr.

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

  • • The average homeowners insurance premium paid annually for a home in Paul Smiths is around $1041 per year.

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

  • • Homeowners in Paul Smiths pay an average cost per month around $87.00 for insurance coverage.

Paul Smiths, NY Coastal Wind, Hail & Flood Information

Paul Smiths 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.

Paul Smiths, NY - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $0 $0
February $0 $0
March $0 $0
April $0 $0

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

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

Saving Money Tips on Paul Smiths Home Insurance

A great way to save money on Paul Smiths 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 Paul Smiths 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
1748 ft. This is the average home elevation in Paul Smiths, 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 Paul Smiths, 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 Paul Smiths, 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 Franklin 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 […]

Paul Smiths, NY Dwelling Coverage Estimate

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

- The average square footage in Paul Smiths is around 925 Sq. Ft. which would cost you around $189,600 to replace the home if you base the home on the price to build per square foot of $205.

Minimum Replacement Cost Total: $189,600

Location: Paul Smiths, New York (Franklin County)

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

Average Square Footage in Paul Smiths: 925 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$205$189,600
Some Additional Upgrades$256$237,000
Major Home Updates or Advancements$308$284,400

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