Hempstead ,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 Hempstead, 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 Hempstead, NY is $1472. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Hempstead, NY. VHome Insurance will help you navigate the world of homeowners insurance coverages in Hempstead, NY.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $589 |
| $200,000 | $1,001 |
| $300,000 | $1,236 |
| $400,000 | $1,884 |
| $500,000 | $2,370 |
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 Hempstead, NY, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,509 |
| $1000 Deductible | $1,350 |
| $1500 Deductible | $1,273 |
| $2500 Deductible | $1,148 |
| $5000 Deductible | $972 |
| Home Insurance Company Near Hempstead, NY | Homeowners Insurance Agency Near Hempstead, NY | Address |
|---|---|---|
| Liberty Mutual | Aj Gennarelli | 303 West Main Street Suite 100, Freehold, NJ, 7728 |
| Nationwide | Anthony J Wiszowaty | 4863 Merrick Rd, Massapequa Park, NY, 11762-3804 |
| State Farm | Art Berry | 841 McLean Ave, Yonkers, NY, 10704-3925 |
| GEICO | Hari Roth | 2122 Route 35, Oakhurst, NJ, 7755 |
| Travelers | Raymond G Mccarthy & Co Inc | 50 UNION AVE, RUTHERFORD, NJ, 7006 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Baldwin Harbor CDP, New York | $98 | $130 | $195 |
| Oceanside CDP, New York | $98 | $131 | $197 |
| Freeport village, New York | $95 | $127 | $191 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Hempstead, NY | 1.8% | 5.4% |
| Baldwin Harbor | 1.72% | 5.43% |
| Oceanside | 1.79% | 5.46% |
| Freeport | 1.83% | 5.31% |
| 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 |
| Streets in Hempstead Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Hempstead | $97 to $99 |
| Baldwin Harbor | $97 |
| Oceanside | $98 |
| Freeport | $95 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $5,600 |
| Yearly Hempstead Homeowner Insurance Premium Example | $9,200 | $8,200 |
| Out of Pocket Expense During Claim | $1,600 | $5,600 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $47,600 | $46,600 |
| Net Savings to Hempstead Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Hempstead, NY Home Replacement Value MORE than Home Value | Hempstead, NY Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $460,500 | $264,000 |
| Insurance Premium based on Replacement Value | $4,275 | $2,450 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $93,000 | Risk Exposure from Under Insuring Coverage is $103,500 |
| Premium Impact | Insurance cheaper by $950/year | Insurance costlier by $875/year |
| Insurance Company | GEICO Insurance | Erie Insurance | Allstate |
| Monthly Premium | 184 | 337 | 333 |
| Year Built | 1968 | 1976 | 1946 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 3 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $250000-$300000 | $400000-$500000 | $600000-$700000 |
| Deductible | $2500-$5000 Deductible | $500 Deductible | > $10,000 Deductible |