New York residents will need insurance. There are many choices, even though insurance costs can be expensive. It's important that you evaluate and compare all the options available to find the best policy for your needs.
Homeowners insurance protects your possessions and liability in the case of an injury. Most policies also cover theft, vandalism, or weather-related damages. Wind, fire and earthquakes are just a few of the common perils that you should protect yourself against. Many policies also cover damage caused by natural events such as tornadoes or hurricanes.
There are many companies that can offer quality service and competitive pricing for homeowners who are in search of new insurance. We've reviewed the top providers in the state to help you choose the best option for your needs.
Allstate is an excellent option for those looking for a comprehensive policy. This provider offers a range of discounts, including multipolicy discounts. The insurer is known for its outstanding customer satisfaction ratings and provides many unique homeowner add-ons.
State Farm is another company worth considering. They are amongst state's most affordable providers, with a wide array of unique coverage options. They also offer car insurance and renters insurance. No matter whether you're a first homeowner or an experienced homeowner, they can tailor a policy to meet your needs.
Erie Insurance is another good choice for those who need more than just standard home insurance. The policy covers personal property, loss of use, replacement cost and guaranteed replacement cost. You can also rebuild your house without a deductible.
Different policies will have different recommendations for the best New York homeowners insurance companies. For example, some companies will only insure homes with high values, while others may not. It's crucial to assess your needs as well the geography of your property.
MoneyGeek's ranking of the best homeowners insurance companies in NY was based on a combination of affordability, service, and financial stability. State Farm scored highest in all of these categories when compared with other insurers.
Liberty Mutual is also a great choice, though it does not provide public data on its claims. Although it does not have an extremely low premium, its homeowners policy covers fire, water damage, and theft. The emergency home repair service is available 24 hours a day.
Chubb's homeowners policy is also a great choice. Its standard policy is more comprehensive, doesn't require a deductible, and pays for repairs to your home that exceed your policy's limits. However, its rates can be quite high.
Amica is considered to be the most popular company in NY for homeowners' insurance. Amica is a highly rated insurer with a high level of customer satisfaction. The policy offers a wide variety of coverages from personal property to loss. It also offers additional protection for valuables such as jewelry or fine arts.