Hempstead Insurance Rates:

Hempstead, NY home insurance is about $556 to $750, about $46-$62/month. Our extensive analysis indicates shoppers can save upto $261 by getting multiple quotes

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Hempstead Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Nationwide Insurance
Home Insurance Rate of $2800/6 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $450,000

4 Beds, 4 Baths 2380 sqft Rental Property Constructed In 1952 with Ceramic Tile Flooring, Composition Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Single Female who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $5350/6 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $1,005,000

5 Beds, 5 Bath 4340 sqft Primary Residence Constructed In 1971 with Linoleum, Shingles Roof, Chainwall Foundation, Stone Siding, Brick Frame. Home Features Include Deadbolt Locks, Fire Extinguisher, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

29 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $2420/4 months for $700000-$800000 Coverage
Policy Holder Home Details :

Home Value : $630,000

4 Beds, 4 Bath 3380 sqft Rental Property Constructed In 1944 with Wood Flooring, Tile Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, Swimming Pool, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

55 Years old Married Male who is Unemployed with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Hempstead, NY Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
11550 $347,900 $650

Hempstead Rates & Quotes Analysis:

Hempstead Area Estimated House Insurance
Horton Ave, Saint Agnes Rd, Debra Pl, Loines Ave, Livingston Pl, Utah Rd, Eton St, Pettit Ave, Hazel Pl, Collector Ln$678
Neptune Ave, Boden Ave, Gold St, Fernwood Ter N, Spruce Ave, Bucket Ln, de Mott Ct, Mott Ave, Sandra Ln, Amy Ct$672
Rod Ln, Terra Ln, Huron Rd, Rhode Ave, Argyle Ave, Ox Path, Sunrise Ln, Miriam Pkwy, Lee Rd, N Prospect Ave$638
Avon Ln, Patricia la, Meyer Ave, California Pl S, Ditmas Ave, Washington Ave S, Ralph St E, Norfolk Dr E, Water St, Donald Pl$681
Stuart Pl, Alice St, Buena Vista Ave, Union Dr, Waverly St, Adele Pl, Star Ln, S Cherry Valley Ave, Adeline Pl, Keuka Rd$638
Sculptor Ln, Lynn Ln, Frank St, Liberty Blvd, Downing Rd, Marc Dr, Edna Pl, Davison Pl, Hotchkiss Pl, Linmouth Rd$652
Bellevue Ave, Wellington Rd S, Meadow Wood Dr, Palmetto Dr, Harry Ct, S King St, Rolling Ln, Gardiners Ave, W Waukena Ave, Blemton Pl$656
Columbus Ave, Bradford Rd, Burro Ln, Pamlico Ave, Hook St, Elderberry Ln, E Mineola Ave, Doncaster Rd, Narraganset Ave, Allen Pl$686
Castleton Ct, Maxine Ct, Murray Ct, Bernice Dr, Swing Ln, Western Ln, Dolphin Ct, Paff Ave, Pleasant Ln, Jeanette Ave$640
Olympia Rd, Anchor Ln, Hewmann Pl, Crown St, Livingston Pl, Cheshire Dr, Anna Ave, Fairfax St, Enos Ln, Nostrand Ave$656

Insurance rates are influenced by a number of factors including:

  • Year Built: 61,545 Homes (24% of total) built between 1939 or earlier in Hempstead are paying home insurance between $1,394-$1,404 and varies from Rockville Centre (+$80), Barnum Island (+$43), Lido Beach (+$147), Freeport (-$33) and Baldwin (-$23).
  • Bedrooms: 39,925 2 bedrooms homes (15% of total homes ) in Hempstead are paying about $242. Areas near to Hempstead such as Rockville Centre, Lido Beach, Point Lookout are costlier by $7, $18, $12 respectively whereas Baldwin Harbor and Oceanside are more economical by $7, $5 respectively for similar homes.
  • Auto Insurance Bundling: 92,763 Households (46% of all households) in Hempstead have 2 vehicles available and when it is bundled with home insurance you can save $130. Discounts for similar bundling in close by locations such as Baldwin Harbor, Oceanside, Freeport come to $130, $131, $127 respectively.
  • Senior Discounts: 97,223 seniors (more than 55 years) occupied housing units (49% of total) in Hempstead get discounts between $97 to $99 and differs from Baldwin Harbor ($97), Oceanside ($98), Freeport ($95).
  • New Homes discounts: New homes such as the 100,057 homes built between 2000 to 2009 in Hempstead can save $130 and similar new home insurance discounts in nearby towns and cities like Baldwin Harbor, Oceanside and Freeport are $130, $131 and $127 respectively.

Hempstead Homeowners insurance Facts

  • Hempstead, NY has 198,152 owner occupied houses which is 81.5% of all units whereas Baldwin Harbor, Oceanside and Freeport have 87.24%, 89.37% and 67.39% respectively.
  • Hempstead, NY homeowners yearly insurance price at $653 is 0.15% of the typical house value of $434,100 which is in contrast with 0.15% in Baldwin Harbor, 0.15% at Oceanside & 0.18% in Freeport.
  • Homeowners in Hempstead, NY pay 1.14% of their income ($45,000 to $49,999) in insurance whereas homeowners in Baldwin Harbor, Oceanside and Freeport pay 1.13%, 1.14% and 1.11% respectively.
  • Hempstead, NY’s insurance is 1.8% of monthly housing costs of $3,086/month, for owners with a mortgage compared to 1.72% in Baldwin Harbor, 1.79% at Oceanside & 1.83% in Freeport. But, for households without a mortgage, insurance is 5.4% of costs ($1,001 in Hempstead, NY) in contrast with 5.43% in Baldwin Harbor, 5.46% at Oceanside & 5.31% in Freeport.

Hempstead, NY Home Values & Insurance rates

For example, insurance for 9,479 Homes (11.0% of total homes ) valued between $250,000 to $299,999 in Hempstead, NY is about $411. Rates in nearby areas in such as Oceanside, Rockville Centre, Lido Beach are cheaper by $11, $108, $159 respectively while Baldwin Harbor and Freeport are costlier by $6 and $80 respectively for similar homes.

Hempstead, NY Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,331 2.0% $32
$100,000 to $124,999 1,073 1.0% $163
$125,000 to $149,999 1,227 1.0% $202
$150,000 to $174,999 1,919 2.0% $241
$175,000 to $199,999 1,463 1.0% $280
$200,000 to $249,999 4,333 5.0% $333
$250,000 to $299,999 9,479 11.0% $411
$300,000 to $399,999 55,776 70.0% $522

Renters Insurance in Hempstead

  • Average Renters Insurance in Hempstead :  $75($6/month)

  • Median Gross Rent in Hempstead :  $1,410

  • Hempstead Renters Insurance to Median Rent Ratio:  0.43%

  • Renter occupied housing units in Hempstead :  44,983

Hempstead Renters Insurance as a Percentage of Rent

Hempstead Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 516 1.0% $318
$200 to $299 1,477 3.0% $768
$300 to $499 2,523 5.0% $1218
$500 to $749 2,201 5.0% $1893
$750 to $999 3,550 8.0% $2643
$1,000 to $1,499 13,940 32.0% $3768
$1,500 or more 18,786 43.0% $5418

Rent Affordability in Hempstead:

Approximately 50.0% (22,780) of households are spending more than 35% of their income on gross rent in Hempstead

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 4,019 8.0%
15.0 to 19.9 percent 4,169 9.0%
20.0 to 24.9 percent 4,760 10.0%
25.0 to 29.9 percent 5,078 11.0%
30.0 to 34.9 percent 4,177 9.0%
35.0 percent or more 22,780 50.0%

Protective device discount in Hempstead Up to :  $11

Claims-free discount in Hempstead Up to :  $15