Babylon ,NY Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Babylon, NY homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Babylon, NY is $1431. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Babylon, NY. VHome Insurance will help you navigate the world of homeowners insurance coverages in Babylon, NY.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $572 |
| $200,000 | $973 |
| $300,000 | $1,202 |
| $400,000 | $1,832 |
| $500,000 | $2,304 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Babylon, NY, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,467 |
| $1000 Deductible | $1,312 |
| $1500 Deductible | $1,238 |
| $2500 Deductible | $1,116 |
| $5000 Deductible | $944 |
| Home Insurance Company Near Babylon, NY | Homeowners Insurance Agency Near Babylon, NY | Address |
|---|---|---|
| NA | Donald E. Swahn Inc. And Swahn Insurance Agency | 310 E Main St, Riverhead, NY, 11901 |
| NA | Harbor Park Insurance Agency, Inc | 10 Harbor Park Dr. , Port Washington, NY, 11746 |
| Travelers | John Grima Agency Ltd | 1592 HILLSIDE AVE, NEW HYDE PARK, NY, 11040 |
| Travelers | Mauser & Tobin Co Inc | 1305 Franklin Ave Ste 160 , Garden City, NY, 11530 |
| Allstate | Victor Loperfido | 1865 Wantagh Ave, Wantagh, NY, 11793 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Oak Beach-Captree CDP, New York | $91 | $121 | $181 |
| Gilgo CDP, New York | $87 | $116 | $174 |
| Lindenhurst village, New York | $80 | $106 | $159 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Babylon, NY | 1.9% | 5.3% |
| Lindenhurst | 1.99% | 5.32% |
| Copiague | 1.99% | 5.3% |
| West Islip | 1.77% | 5.43% |
| Babylon Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 417 | 2.0% | $1225 |
| $500 to $749 | 827 | 5.0% | $1900 |
| $750 to $999 | 1,325 | 8.0% | $2650 |
| $1,000 to $1,499 | 5,819 | 36.0% | $3775 |
| $1,500 or more | 7,410 | 46.0% | $5425 |
| Streets in Babylon Area | Homeowners Insurance Cost |
|---|---|
| Ponder Ln, Herbert Ave, N 16th St, W Somerset Rd, Woodcreek Ct, Remsen St, Caboto Ave, Linton Ct, Jenkins Ave, Patricia Ave | $638 |
| Parkman Rd, Bono Ct, Harriet Rd, Rome St, North Plz, Anita Ct, Boening Plz, 29th St, Cadman Ave, Piave Ter | $642 |
| Tompkins Ave, Navajo Trl, Gleeland St, Leonard Pl, Little East Neck Rd, Ida Ln, Whitney Dr, Buchanan Ave, Benjamin Rd, Poe Pl | $639 |
| Booker Blvd, Bismark Pl, Jackson Ave W, Sarah Ct, Tedel Ct, Pearsall Ave, Hicks St, Brefni St, Pratt St, 29th St | $625 |
| Wyona Ave, Atna Dr, N Crescent Dr, Watson Ave, Cabota Ave, Heathcote Rd, S Bay St, Pearsall Pl, W 24th St, Watkins Ter | $639 |
| Wilson Pl, Statesman Ave, Arcadia Dr, Wakefield St, Austin St, Lambert Ave, N Strong Ave, Morris St, Bkay Pl, Sandy Dr | $645 |
| W 16th St, Ketewamoke Ave, Perry Ln, Greenweadow Dr, S 29th St, Reef Ct, Cortland St, Eddie Ave, Belmont Pl, Daniel St | $636 |
| S 31st St, Richmond Ave, Wright Ave, N 7, Anthony Ln, N Jefferson Ave, Madison Dr, Ireland Pl, Johnson Ct, Lagoon Ct | $636 |
| Barry Rd, Salem Ave, W 20th St, Vermont St, Auburn St, 45th St, Whalen St, Feustal St, Erlanger Blvd, W Galley Dr | $631 |
| Grand Ln, Frontier Way, Cumberbach St, N Delaware Ave, Thorn Ave, Co Rd 34, Phelps Ln, Raider St, Anthony Ct, Patton Ave | $641 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Babylon | $95 to $97 |
| Oak Beach-Captree | $108 |
| Gilgo | $104 |
| Lindenhurst | $95 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $500 | $4,500 |
| Yearly Babylon Homeowner Insurance Premium Example | $4,100 | $3,100 |
| Out of Pocket Expense During Claim | $500 | $4,500 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $21,000 | $20,000 |
| Net Savings to Babylon Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Babylon, NY Home Replacement Value MORE than Home Value | Babylon, NY Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $512,000 | $298,000 |
| Insurance Premium based on Replacement Value | $4,875 | $2,825 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $105,000 | Risk Exposure from Under Insuring Coverage is $109,000 |
| Premium Impact | Insurance cheaper by $1,050/year | Insurance costlier by $1,000/year |
| Insurance Company | Allstate | Chubb Group of Insurance | Nationwide Insurance |
| Monthly Premium | 326 | 298 | 137 |
| Year Built | 1985 | 1962 | 1971 |
| Home Details | 5 Beds, 1 Baths | 3 Beds, 2 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $500000-$600000 | $350000-$400000 | $200000-$250000 |
| Deductible | $1000-$2500 Deductible | $1000-$2500 Deductible | $5000 to $10,000 Deductible |