Lake Carmel Insurance Rates:

Lake Carmel, NY home insurance is about $528 to $720, about $44-$60/month. Our all inclusive guide reveals consumers can save as much as $249 by comparing multiple quotes

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Lake Carmel Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $380/2 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $430,000

4 Beds, 4 Bath 2690 sqft Primary Residence Constructed In 1959 with Wood Flooring, Wood Shake Roof, Slab Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

64 Years old Single Female who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

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

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $5760/12 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $520,000

4 Beds, 4 Bath 2910 sqft Vacation Property Constructed In 1961 with Linoleum, Composition Roof, Crawl Space Foundation, Stucco siding, Brick Frame. Home Features Include Copper Water Pipes, Fireplace, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Divorced Female who is a Freelancer with household income of more than $150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1030/5 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $340,000

3 Beds, 3 Bath 2280 sqft Seasonal Residence Constructed In 1943 with Linoleum, Slate Shingles Roof, Chainwall Foundation, Stucco siding, Brick Frame. Home Features Include Swimming Pool, Fire Extinguisher, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Smoker

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

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $1400/5 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $545,000

4 Beds, 4 Baths 3030 sqft Seasonal Residence Constructed In 1944 with Hardwood Flooring, Membrane Roof, Slab Foundation, Stone Siding, Brick Frame. Home Features Include Copper Water Pipes, Indoor Sprinklers, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

32 Years old Married Female who has a Full Time Job with household income of $50-$75,000 and has 1 Pet and is a Smoker

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

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $1740/8 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $375,000

3 Beds, 3 Bath 2180 sqft Rental Property Constructed In 1968 with Ceramic Tile Flooring, Asphalt Shingles Roof, Chainwall Foundation, Stone Siding, Wood Frame. Home Features Include Smoke Alarm, Copper Water Pipes, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $690/3 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $520,000

5 Beds, 5 Bath 3180 sqft Vacation Property Constructed In 1943 with Ceramic Tile Flooring, Tile Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $790/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

3 Beds, 3 Baths 1910 sqft Seasonal Residence Constructed In 1960 with Hardwood Flooring, Asphalt Shingles Roof, Piers Foundation, Stucco siding, Wood Frame. Home Features Include Copper Water Pipes, Fire Extinguisher, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Married Female who is a Freelancer with household income of $50-$75,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $460/2 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $380,000

4 Beds, 4 Bath 2260 sqft Rental Property Constructed In 1960 with Ceramic Tile Flooring, Shingles Roof, Slab Foundation, Brick siding, Metal Frame Construction. Home Features Include Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

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

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1780/12 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $320,000

5 Beds, 5 Bath 2000 sqft Rental Property Constructed In 1950 with Carpet over wood flooring, Asphalt Shingles Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Fire Extinguisher, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Divorced Female who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

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

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $100/1 month for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $275,000

5 Beds, 5 Baths 2200 sqft Vacation Property Constructed In 1950 with Stone Flooring, Membrane Roof, Slab Foundation, Brick siding, Stucco Construction. Home Features Include Swimming Pool, Copper Water Pipes, Fireplace, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

59 Years old Divorced Female who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Lake Carmel Rates & Quotes Analysis:

Lake Carmel Area Estimated House Insurance
Mohansic Rd, Gilead Rd, Maple Trail Ct, Anna St, Rockwood Rd, Fir Trail Ct, Lincoln Dr, Huguenot Rd, Jay Ct, Lottie Rd$629
Middle Ct, Placid Rd, Barrett Hill Rd, Harriman Rd, Roslyn Rd, Dingley Rd, Robin Dr, Brewster Ave, Clarkson Rd, E Croton Dr$618
Lake Shore Dr W, Center Rd, Pelham Dr, Beaver Hill Rd, Saw Mill Rd, Wakefield Rd, Longfellow Dr, Hawthorne Rd, Hemlock Trl Ct, Sunset Hill Ct$619
Lorne Ct, Perry Trl, Horton Rd, Dunwoodie Rd, Nelson Ct, Kensico Rd, Old Clubhouse Rd, Cottage Rd, Hampton Dr, Brewster Dr$617
Byram Rd, Will Way, Homestead Dr, W Lakeshore Dr, Copake Falls Rd, Livingston Rd, Kitchawan Rd, Tilly Foster Rd, Crompton Dr, Harvard Dr$634

Insurance rates are influenced by a number of factors including:

  • Year Built: 730 Homes (22% of total homes ) built between 1939 or earlier in Lake Carmel are paying home insurance between $1,336-$1,345. Places close to Lake Carmel, NY such as Kent, Carmel Hamlet, Brewster Hill are more expensive by $16, $55, $21 respectively while Beacon and Dover are cheaper by $13 and $16 respectively for similar homes.
  • Bedrooms: 1,225 2 bedrooms homes (36% of total homes ) in Lake Carmel are paying about $225. Areas near to Lake Carmel such as Kent, Carmel Hamlet, Brewster Hill are costlier by $3, $10, $4 respectively whereas Wappingers Falls and Fort Montgomery are more economical by $6, $5 respectively for similar homes.
  • Auto Insurance Bundling: 1,102 Households (40% of all households) in Lake Carmel have 2 vehicles available and when it is bundled with home insurance you can save $124. Discounts for similar bundling in close by locations such as Kent, Carmel Hamlet, Brewster Hill come to $126, $130, $127 respectively.
  • Senior Discounts: 1,112 seniors (more than 55 years) occupied housing units (41% of total) in Lake Carmel get discounts between $93 to $96. The comparative concessions in proximate regions such as Kent, Carmel Hamlet and Brewster Hill are $94, $97 and $95 respectively.
  • New Homes discounts: New homes such as the 1,177 homes built between 2000 to 2009 in Lake Carmel can save $124 and similar new home insurance discounts in nearby towns and cities like Kent, Carmel Hamlet and Brewster Hill are $126, $130 and $127 respectively.

Lake Carmel Homeowners insurance Facts

  • Lake Carmel, NY has 2,711 owner occupied houses which is 89.4% of all units whereas Kent, Carmel Hamlet and Brewster Hill have 87.14%, 79.27% and 86.74% respectively.
  • Lake Carmel, NY homeowners yearly insurance price at $624 is 0.22% of the typical house value of $288,900 which is in contrast with 0.19% in Kent, 0.15% at Carmel Hamlet & 0.19% in Brewster Hill.
  • Homeowners in Lake Carmel, NY pay 1.66% of their income ($35,000 to $39,999) in insurance whereas homeowners in Kent, Carmel Hamlet and Patterson pay 1.69%, 1.74% and 1.69% respectively.
  • Lake Carmel, NY’s insurance is 2.2% of monthly housing costs of $2,344/month, for owners with a mortgage compared to 2.11% in Kent, 1.94% at Carmel Hamlet & 2.06% in Brewster Hill. But, for households without a mortgage, insurance is 5.6% of costs ($924 in Lake Carmel, NY) in contrast with 5.3% in Kent, 5.42% at Carmel Hamlet & 5.83% in Brewster Hill.

Lake Carmel, NY Home Values & Insurance rates

For example, insurance for 208 Homes (8.0% of total homes ) valued between $175,000 to $199,999 in Lake Carmel, NY is about $399. Rates in nearby areas in such as Kent, Carmel Hamlet, Brewster Hill are cheaper by $39, $120, $57 respectively while New Fairfield and Danbury are costlier by $57 and $120 respectively for similar homes.

Lake Carmel, NY Home By Value Total Homes % of Total Average Homeowners Insurance
$60,000 to $69,999 62 2.0% $137
$100,000 to $124,999 211 8.0% $237
$125,000 to $149,999 28 1.0% $293
$150,000 to $174,999 25 1.0% $349
$175,000 to $199,999 208 8.0% $399
$200,000 to $249,999 349 14.0% $486
$250,000 to $299,999 561 22.0% $592
$300,000 to $399,999 975 39.0% $755

Renters Insurance in Lake Carmel

  • Average Renters Insurance in Lake Carmel :  $130($10/month)

  • Median Gross Rent in Lake Carmel :  $1,247

  • Lake Carmel Renters Insurance to Median Rent Ratio:  0.8%

  • Average household size of renter-occupied unit :  1.65

Lake Carmel Renters Insurance as a Percentage of Rent

Lake Carmel Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 11 4.0% $782
$300 to $499 34 12.0% $1232
$500 to $749 40 15.0% $1907
$1,000 to $1,499 73 27.0% $3782
$1,500 or more 107 40.0% $5432

Rent Affordability in Lake Carmel:

Approximately 66.0% (216) of households are spending more than 35% of their income on gross rent in Lake Carmel

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 21 6.0%
15.0 to 19.9 percent 34 10.0%
20.0 to 24.9 percent 10 3.0%
25.0 to 29.9 percent 32 9.0%
30.0 to 34.9 percent 10 3.0%
35.0 percent or more 216 66.0%

Protective device discount in Lake Carmel Up to :  $19

Claims-free discount in Lake Carmel Up to :  $26