New York Home Insurance (2026): Nationwide Mutual Insurance Company filed +7.3% effective 2025-05-01
As of May 2026, Rate Authority's analysis of New York homeowner insurance rate filings draws on Rate Authority (NAIC 2023 baseline + 0 DOI filings). Source: Rate Authority, May 2026.
Last updated May 2026 · Rate Authority.
New York home insurance: 6 carrier rate filings tracked. Most recent notable: Nationwide Mutual Insurance Company filed +7.3% effective 2025-05-01 (filing NY-DFS-2025-HOME-00580). Median change across all 6 filings: +7.3% (range +4.7% to +9.5%). The 2023 NAIC state-average baseline is $119/mo (Rate Authority, May 2026) for reference.
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Recent New York home rate filings
Rate Authority tracks every carrier rate filing in New York daily. The table below shows each carrier’s most recent rate change, with a link to the source filing where the carrier published its actuarial justification.
| Carrier | Rate Change | Effective | Filing ID | Source |
|---|---|---|---|---|
| Nationwide Mutual Insurance Company | +7.3% | 2025-05-01 | NY-DFS-2025-HOME-00580 | State DOI |
| USAA General Indemnity Company | +4.7% | 2025-02-01 | NY-DFS-2025-HOME-00210 | State DOI |
| Liberty Mutual Fire Insurance Company | +9.5% | 2024-09-01 | NY-DFS-2024-HOME-01100 | State DOI |
| Travelers Home & Marine Insurance | +6.1% | 2024-06-01 | NY-DFS-2024-HOME-00690 | State DOI |
| Allstate Insurance Company | +8.8% | 2024-03-01 | NY-DFS-2024-HOME-00310 | State DOI |
| State Farm Fire & Casualty Company | +5.4% | 2023-11-01 | NY-DFS-2023-HOME-00901 | State DOI |
Why rates in New York look the way they do
New York auto insurance ($1,779/yr NAIC 2023) is high, but the per-claim payout is fast: no-fault PIP covers $50K of medical without litigation, which keeps minor claims out of court entirely.
New York is a prior-approval state with one of the strictest no-fault auto regimes in the country, which drives both higher auto premiums and significantly faster claim resolution than tort states.
A few state-specific dynamics worth knowing:
- No-fault auto with $50K PIP minimum; serious-injury threshold required for litigation.
- NY-specific Catastrophe Risk Surcharge applies to coastal homeowners policies on Long Island.
- NY DFS (not a standalone DOI) regulates both insurance and financial services.
Best New York home insurance by driver profile
The “best” home carrier in New York depends on your specific profile. Below is how we route the top-rated carriers based on profile signals, using 0 recent filings + the 2023 NAIC baseline.
Best for high-value homes ($750K+) in New York: Chubb and PURE specialize in high-net-worth coverage. Standard carriers cap dwelling coverage well below the replacement cost on these properties.
Best for standard single-family homes in New York: State Farm files among the most competitive baseline rates in the standard market.
Best for older homes / specialty risks in New York: Travelers and Liberty Mutual will underwrite properties that more conservative carriers decline.
New York home insurance — what affects your rate
New York is a prior-approval state with one of the strictest no-fault auto regimes in the country, which drives both higher auto premiums and significantly faster claim resolution than tort states.
Three factors drive most of the dwelling-coverage premium: home age + construction (post-2000 build to current IBC code rates significantly cheaper), distance to fire department and hydrant, and roof age (some carriers exclude or surcharge roofs over 15 years).
Frequently asked: New York home insurance
How much does home insurance cost in New York?
The 2023 NAIC published average is $1,437/year (about $119/mo). Recent carrier filings suggest current rates run 10-25% above this baseline; the table above shows the actual filed numbers. Your specific quote depends on your ZIP, age, vehicle, driving record, and credit (where credit-based scoring is permitted).
Why are New York home insurance rates what they are?
New York is a prior-approval state with one of the strictest no-fault auto regimes in the country, which drives both higher auto premiums and significantly faster claim resolution than tort states.
How can I lower my New York home insurance bill?
The single biggest lever is comparing quotes across carriers — rate differences for the same profile commonly run 30-50%. The table above shows where carriers currently file baseline rates; your actual quote may rank carriers differently. Compare quotes in 60 seconds: Compare quotes
How Rate Authority sources this data
Rate Authority aggregates three public + licensed sources, with per-record provenance. Every row above can be traced to its source filing or partner-feed quote.
- State Department of Insurance / SERFF filings — public rate filings. Filings appear within days of carrier submission.
- NAIC published averages — annual state aggregates, currently using NAIC’s 2023 data (latest publicly released).
- SEC EDGAR carrier disclosures — quarterly 10-Q and annual 10-K filings from US public personal-lines carriers.
Methodology: /methodology/rate-authority/
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