How to Shop and Save Money on Home Insurance in New York
Find the best and cheapest homeowners insurance in New York.
Homeowners in the state of New York know that rates can vary dramatically across the state. It may take some time to find the best New York home insurance company for a good price. No matter where you live in the Empire State, you’ll want to read this post to learn how to shop for New York home insurance to effectively save time and money.
How to shop for home insurance in New York
Here are some quick tips to get you started on finding the best home insurance in New York.
Get quotes from multiple insurers
This is an important step if you’re searching for the best price for home insurance in New York. Although insurers use many of the same types of information to determine premium rates, companies use different formulas in their assessment, placing more importance on one factor over another. This can lead to very different premium rates from one company to the next—even for the same house with the same amount of coverage.
Faced with such variation, the only way you’re going to know if you are getting the best deal on your home insurance premium is to compare multiple quotes.
Ask about bundling your policies
You’ve probably heard the term “bundling” in insurance commercials, but what is it? If you bundle your insurance policies, it means you’ll have multiple policies with one insurance company. Sometimes, insurance companies may offer discounts on coverage if you bundle your policies with the company. If you have your home, auto, and valuable personal property coverage all with one insurance company, this is called having multiple “lines,” and that can mean big savings for you.
Research your coverage options
Knowing what coverage options are available to you is crucial to getting the coverage you need. For example, flood insurance is not included in the vast majority of standard home insurance policies. However, it might be very important to you, especially if your home is located near water. So, it’s important to know what coverage you might need before you start getting quotes.
The top 3 home insurance companies in New York, according to customers on Clearsurance
Customers on Clearsurance have provided a great deal of feedback on a wide range of insurance carriers in New York. These customer comments can help you find the right coverage, best prices, and widest range of important features. You can read all about the top home insurance companies in New York at Clearsurance.com.
Clearsurance has identified the three best New York home insurance companies, according to customer reviews as of July 2020. Below are the best companies for homeowners insurance in New York that offer quotes on Clearsurance.com, as rated by customers. This includes an analysis of common trends found in reviews of what customers tend to like and dislike about the companies.
Please note: In order to qualify for the list, companies must sell homeowners insurance in New York, have at least 25 homeowners insurance reviews, and they must be a Clearsurance.com affiliate and offer quotes on the site. For a complete and updated list of the top-rated companies in New York, you can visit the New York home insurance rankings page. On this page, you can also get insurance recommendations based on your specific requirements and zip code.
1. Lemonade Insurance for New York home insurance
Lemonade is a fairly new company, when you consider that many property insurance companies have been around for decades. Lemonade was founded in 2015 and has quickly become a customer favorite on the Clearsurance website, garnering lots of positive feedback. Lemonade earned a score of 4.83 out of 5.00 stars for homeowners insurance on Clearsurance as of August 2020.
Pros: Customers on Clearsurance love Lemonade’s easy-to-use website and praise the company’s excellent customer service. They also frequently mention flexible billing options and transparent pricing as positives.
Cons: There’s only one negative aspect about Lemonade that is consistently mentioned, which is that the company doesn’t reward loyal customers.
With only that one recurring negative element, Lemonade policyholders are a loyal and generally happy bunch of customers, as reflected in the following Clearsurance assessment of comments. Lemonade customers share that:
- 92% plan to renew their policies with Lemonade
- 95% would recommend Lemonade insurance to a friend
- 96% of customers rate their claims experience was positive
The Lemonade reviews submitted to Clearsurance are overwhelmingly positive; here is one example of a happy New York Lemonade home insurance customer who says, “Everything about this company is transparent and they are very easy to work with. I saved a significant amount of money compared to my previous homeowners insurance company. I had a claim for the first time in 25 years owning a home. It went very smoothly and Lemonade was very quick in communicating with me every step of the way.”
Read all Lemonade insurance reviews on Clearsurance.com.
2. Esurance for New York home insurance
Homeowners in New York can consider getting a quote from Esurance, which is another highly rated company on Clearsurance. Esurance earned a score of 4.32 out of 5.00 stars on Clearsurance for home insurance and offers quotes on the site.
Pros: Customers providing feedback about Esurance home insurance policies like the easy-to-use website and transparent pricing. They also appreciate Esurance’s variety of coverage options.
Cons: The one negative mentioned by customers about Esurance is that it doesn’t reward loyal customers, similar to the customer feedback about Lemonade home insurance.
Esurance customers are generally very happy with their coverage and a Clearsurance analysis of feedback yielded the following information. Esurance customers share that:
- 74% are likely to renew their policies with Esurance
- 77% recommend Esurance to a friend
- 75% rated their claims experience positively
The following review was submitted to Clearsurance by an Esurance home insurance customer in New York. “My experience with this company has been absolutely wonderful. I love how user-friendly their online account is.”
Read all Esurance reviews on Clearsurance.com.
3. Allstate Insurance for New York home insurance
Allstate’s customer feedback on Clearsurance is largely very positive. As a large national carrier, the company offers a wide range of insurance products and coverage options. Allstate earned a score of 3.97 out of 5.00 stars on Clearsurance for homeowners insurance and offers quotes on the site.
Pros: Clearsurance customer reviews praise Allstate’s transparent pricing and easy-to-use website, along with flexible billing options. Many customers also note that the company explains its coverage clearly.
Cons: There was no consistent negative feedback from an analysis of Clearsurance customer feedback.
The Clearsurance analysis of Allstate shows why the company is in the top three home insurance companies in New York. Allstate customers share that:
- 80% of them are likely to renew their Allstate policies
- 78% would recommend the insurance to a friend
- 77% of Allstate customers rate their claims experience positively
Here’s an example review from a New York homeowner who shared their experience with Allstate insurance on Clearsurance.com. “Good company. They are easy to deal with and went above and beyond on my claims for a flooded basement and a new roof.”
Read all Allstate reviews on Clearsurance.com.
The top 3 New York home insurance companies based on customer price rating
Although there are many things to consider when shopping for New York home insurance, price is one of the most important factors. Clearsurance analyzed New York companies and how customers rated the company for the price of their policy.
Below are the top three New York home insurance companies rated by customers for their perceptions of price.
Please note: for this ranking, homeowners insurance companies in New York had at least 25 customer reviews that included a rating on price. The ratings displayed are shown out of a 5-star scale.
- GEICO (GEICO profile on Clearsurance): price rating of 4.14
- State Farm Insurance (State Farm profile on Clearsurance): price rating of 3.99
- Travelers Insurance(Travelers profile on Clearsurance): price rating of 3.86
If you are looking for home insurance in New York, consider using these lists of the companies that offer good prices, a wide range of features, and have good feedback from customers. Start your research by comparing quotes and premium rates from those companies. If you have auto insurance, see if you can bundle your policies to save some money.
By doing research and asking questions, you’ll be well on your way to finding the best home insurance in New York for you.