Syracuse ,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 Syracuse, 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 Syracuse, NY is $1315. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Syracuse, NY. VHome Insurance will help you navigate the world of homeowners insurance coverages in Syracuse, NY.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $526 |
| $200,000 | $894 |
| $300,000 | $1,105 |
| $400,000 | $1,683 |
| $500,000 | $2,117 |
Home insurance costs in Syracuse can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 013206 | $1,243 |
| 13207 | $1,239 |
| 13208 | $1,238 |
| 13205 | $1,236 |
| 13204 | $1,235 |
| 13202 | $1,233 |
| 13224 | $1,268 |
| 13219 | $1,261 |
| 13210 | $1,265 |
| 13203 | $1,254 |
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 Syracuse, NY, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,348 |
| $1000 Deductible | $1,206 |
| $1500 Deductible | $1,137 |
| $2500 Deductible | $1,026 |
| $5000 Deductible | $868 |
| Home Insurance Company Near Syracuse, NY | Homeowners Insurance Agency Near Syracuse, NY | Address |
|---|---|---|
| NA | Molly Headley Agency, Division Of Eastern Shore Associates | 39 W Main St, Waterloo, NY, 13165 |
| Travelers | Graduate Tenant Program | 231 SALINA MEADOW PARKWAY, SYRACUSE, NY, 13221 |
| Allstate | John Dermody | 3654 The Park, Cortland, NY, 13045 |
| Travelers | Satellite Agency Network Of New York Inc | 3215 Seneca Tpke , Canastota, NY, 13032 |
| State Farm | Tom Salzberg | 179 W Seneca St, Manlius, NY, 13104-2438 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lyncourt CDP, New York | $88 | $117 | $176 |
| Onondaga County, New York | $89 | $118 | $177 |
| Solvay village, New York | $88 | $117 | $176 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Syracuse, NY | 4.5% | 10.0% |
| Lyncourt | 4.21% | 11.21% |
| Onondaga County | 3.6% | 9.08% |
| Solvay | 4.18% | 10.56% |
| Syracuse Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 759 | 2.0% | $351 |
| $200 to $299 | 1,512 | 4.0% | $801 |
| $300 to $499 | 3,966 | 12.0% | $1251 |
| $500 to $749 | 12,451 | 38.0% | $1926 |
| $750 to $999 | 8,139 | 24.0% | $2676 |
| $1,000 to $1,499 | 4,921 | 15.0% | $3801 |
| $1,500 or more | 945 | 2.0% | $5451 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $2,800 |
| Yearly Syracuse Homeowner Insurance Premium Example | $1,300 | $900 |
| Out of Pocket Expense During Claim | $800 | $2,800 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $9,900 | $9,100 |
| Net Savings to Syracuse Home Owner from High Deductible Plan | $800 | |
| Scenario | Syracuse, NY Home Replacement Value MORE than Home Value | Syracuse, NY Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $62,500 | $43,000 |
| Insurance Premium based on Replacement Value | $625 | $425 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $9,500 | Risk Exposure from Under Insuring Coverage is $10,000 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $100/year |
| Insurance Company | Erie Insurance | Amica Mutual Insurance Company | Allstate |
| Monthly Premium | 62 | 111 | 87 |
| Year Built | 1953 | 1963 | 1946 |
| Home Details | 5 Beds, 1 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $75000-$100000 | $125000-$150000 | $75000-$100000 |
| Deductible | $500- $1000 Deductible | $500 Deductible | $500 Deductible |