How much is homeowners insurance in Hamilton,NY

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The average cost of homeowners insurance in Hamilton is $1,432 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,072 less than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Hamilton depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Hamilton, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Hamilton.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Hamilton.

Key takeaways

Homeowners insurance costs $1,432 per year in Hamilton.
At $728 per year, American Family offers the cheapest homeowners insurance in Hamilton.
Your home insurance rates increase by $370 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Hamilton per month

Hamilton homeowners pay an average of $119 a month, based on our rate analysis. It’s $29 less than the state average of $148 and $90 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Hamilton may vary depending on where you live, the value of your home, and the coverage you choose.

How much is homeowners insurance for a $200,000 house in Hamilton

The average cost of homeowners insurance in Hamilton, NY is $1,062 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Hamilton

Based on a rate analysis conducted by Insure.com, Hamilton residents pay an average of $1,432 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $370 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

How much is homeowners insurance in Hamilton by company

After evaluating several carriers, American Family is the least expensive homeowners insurance provider in Hamilton. It’s average annual rate for homeowners in Hamilton is $728.

NYCM Insurance holds the second position, while Nationwide secures the third spot with an average annual home insurance rate of $1,154.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Hamilton and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Hamilton and their average annual premiums.

Home insurance company	Annual rate
American Family	$728
NYCM Insurance	$750
Nationwide	$1,154
State Farm	$1,169
AIG	$1,193
Travelers	$1,198
Chubb Ltd	$1,315
Heritage Insurance Holdings	$1,401
Allstate	$1,673
Farmers	$2,703

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Hamilton for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.