Albany Insurance Rates:

Albany, NY home insurance is approximately $512 to $694, about $42-$57/month. Our comprehensive research indicates shoppers can save as much as $241 by getting different quotes

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Albany Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $1360/12 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $150,000

2 Beds, 2 Bath 1220 sqft Vacation Property Constructed In 1941 with Carpet Flooring, Slate Shingles Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Divorced Male who is Unemployed and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1880/10 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $505,000

5 Beds, 5 Baths 4290 sqft Vacation Property Constructed In 1946 with Carpet over wood flooring, Membrane Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Copper Water Pipes, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

51 Years old Divorced Female who is Unemployed and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $2930/10 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $320,000

4 Beds, 4 Baths 3310 sqft Rental Property Constructed In 1940 with Ceramic Tile Flooring, Slate Shingles Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Smoke Alarm, Deadbolt Locks, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

28 Years old Single Female who is Unemployed and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $680/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $110,000

3 Beds, 3 Bath 1290 sqft Rental Property Constructed In 1942 with Carpet Flooring, Metal Roof, Piers Foundation, Stucco siding, Brick Frame. Home Features Include Swimming Pool, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $480/7 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $110,000

2 Beds, 2 Bath 1140 sqft Primary Residence Constructed In 1941 with Linoleum, Shingles Roof, Crawl Space Foundation, Vinyl siding, Brick Frame. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

61 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1200/12 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

3 Beds, 3 Baths 2010 sqft Primary Residence Constructed In 1942 with Wood Flooring, Shingles Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

50 Years old Divorced Male who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $1470/8 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

4 Beds, 4 Baths 2690 sqft Vacation Property Constructed In 1946 with Stone Flooring, Tile Roof, Slab Foundation, Stone Siding, Wood Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

29 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $210/2 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $145,000

2 Beds, 2 Bath 1490 sqft Primary Residence Constructed In 1949 with Ceramic Tile Flooring, Slate Shingles Roof, Slab Foundation, Stone Siding, Brick Frame. Home Features Include Deadbolt Locks, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has 1 Pet and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $570/8 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $100,000

2 Beds, 2 Bath 950 sqft Seasonal Residence Constructed In 1949 with Carpet over wood flooring, Composition Roof, Slab Foundation, Brick siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $230/7 months for $25,000-$50,000 Coverage
Policy Holder Home Details :

Home Value : $50,000

2 Beds, 2 Bath 1027 sqft Primary Residence Constructed In 1938 with Carpet Flooring, Tile Roof, Piers Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

53 Years old Single Male who is Unemployed and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Albany, NY Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
12207 $47,300 $580
12208 $198,900 $610
12204 $188,500 $610
12210 $172,600 $610
12209 $171,600 $600
12202 $119,700 $590
12206 $118,300 $590

Albany Rates & Quotes Analysis:

Albany Area Estimated House Insurance
Ichabod Ln, Stonehenge Dr, Industrial Park Rd, Prospect Ave Exd, Bluebell Ln, Austin Ave, Fay St, Glynn St, Columbia Cir, Freeman Rd$588
Kakely St, Locust St, Pinehurst Ave, Orlando Ave, Glenwood St, Eileen St, Burdick Dr, Leonard Pl, Rathbone St, McPherson Ter$604
Alexander St, Orchard Ave, Onderdonk Ave, Birchwood Ct, Ten Broeck Pl, Sycamore St, Edward Ter, Yardboro Ave, Normanside Dr, Pleasantview Ave$600
Sycamore St, Andover Rd, Dudley Hts, Kelton Ct, Brevator St, Picotte Dr, Melrose Ave, Blanchard Ave, Moreland Ave, Winnie St$603
Tampa Ave, Albany St, Bonheim St, Franklin St, Rosemont St, Mariette Pl, Hawthorne Ave, Marwood St, Elmhurst Ave, Springsteen Ave$601

Insurance rates are influenced by a number of factors including:

  • Year Built: 4,311 Homes (9% of total homes ) built between 1950 to 1959 in Albany are paying home insurance between $1,134-$1,143. Places close to Albany, NY such as Menands, Westmere, Colonie are more expensive by $19, $13, $14 respectively while Rensselaer and Hampton Manor are cheaper by $13 and $10 respectively for similar homes.
  • Bedrooms: 14,465 3 bedrooms homes (31% of total homes ) in Albany are paying about $284. Areas near to Albany such as Colonie, New Scotland, Niskayuna are costlier by $4, $5, $7 respectively whereas Rensselaer and Watervliet are more economical by $3, $5 respectively for similar homes.
  • Auto Insurance Bundling: 1,913 Households (11% of all households) in Albany have 3 or more vehicles available and when it is bundled with home insurance you can save $150 in contrast with Rensselaer ($149), Menands ($153), Westmere ($152).
  • Senior Discounts: 8,419 seniors (more than 55 years) occupied housing units (52% of total) in Albany get discounts between $90 to $92 and differs from Rensselaer ($89), Menands ($92), Westmere ($91).
  • New Homes discounts: New homes such as the 6,992 homes built between 2000 to 2009 in Albany can save $120 and similar new home insurance discounts in nearby towns and cities like Rensselaer, Menands and Westmere are $119, $122 and $122 respectively.

Albany Homeowners insurance Facts

  • Albany, NY has 15,988 owner occupied houses which is 40.3% of all units whereas Rensselaer, Menands and Westmere have 49.92%, 37.02% and 55.9% respectively.
  • Albany, NY homeowners yearly insurance price at $603 is 0.33% of the typical house value of $180,100 which is in contrast with 0.4% in Rensselaer, 0.26% at Menands & 0.28% in Westmere.
  • Homeowners in Albany, NY pay 0.89% of their income ($60,000 to $74,999) in insurance whereas homeowners in Rensselaer, Menands and Westmere pay 0.88%, 0.91% and 0.9% respectively.
  • Albany, NY’s insurance is 3.2% of monthly housing costs of $1,580/month, for owners with a mortgage compared to 3.65% in Rensselaer, 2.61% at Menands & 2.72% in Westmere. But, for households without a mortgage, insurance is 8.6% of costs ($585 in Albany, NY) in contrast with 8.88% in Rensselaer, 5.51% at Menands & 7.92% in Westmere.

Albany, NY Home Values & Insurance rates

For example, insurance for 383 Homes (2.0% of total homes ) valued between $90,000 to $99,999 in Albany, NY is about $313. Rates in nearby areas in such as Menands, Colonie, Bethlehem are cheaper by $68, $57, $96 respectively while Rensselaer and Hampton Manor are costlier by $63 and $46 respectively for similar homes.

Albany, NY Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 568 3.0% $78
$50,000 to $59,999 265 1.0% $174
$60,000 to $69,999 291 1.0% $217
$70,000 to $79,999 385 2.0% $247
$80,000 to $89,999 607 3.0% $283
$90,000 to $99,999 383 2.0% $313
$100,000 to $124,999 1,449 9.0% $367
$125,000 to $149,999 1,203 7.0% $458
$150,000 to $174,999 2,370 15.0% $542
$175,000 to $199,999 2,341 15.0% $627
$200,000 to $249,999 3,274 21.0% $753
$250,000 to $299,999 1,189 7.0% $916
$300,000 to $399,999 996 6.0% $1169

Renters Insurance in Albany

  • Average Renters Insurance in Albany :  $170($14/month)

  • Median Gross Rent in Albany :  $834

  • Albany Renters Insurance to Median Rent Ratio:  1.68%

  • Renter occupied housing units in Albany :  23,705

Albany Renters Insurance as a Percentage of Rent

Albany Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 236 1.0% $342
$200 to $299 1,589 6.0% $792
$300 to $499 1,836 7.0% $1242
$500 to $749 5,545 23.0% $1917
$750 to $999 7,769 33.0% $2667
$1,000 to $1,499 5,726 24.0% $3792
$1,500 or more 796 3.0% $5442

Rent Affordability in Albany:

Approximately 47.0% (11,344) of households are spending more than 35% of their income on gross rent in Albany

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,600 10.0%
15.0 to 19.9 percent 2,679 11.0%
20.0 to 24.9 percent 2,612 11.0%
25.0 to 29.9 percent 2,644 11.0%
30.0 to 34.9 percent 1,826 7.0%
35.0 percent or more 11,344 47.0%

Albany Renters Insurance Discounts:

Albany Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Albany, NY Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 10,196 43.0% $17.0
2 vehicles available 3,691 15.0% $25.5
3 or more vehicles available 1,067 4.0% $34.0

Protective device discount in Albany Up to :  $25

Claims-free discount in Albany Up to :  $34

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