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Best cheap home insurance in Brooklyn in 2025
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Best cheap home insurance companies in Brooklyn
Nationwide, State Farm and NYCM are some of the best home insurance companies in NY, offering cheap rates in Brooklyn based on average rate data from Quadrant Information Services. However, Bankrate understands that finding the right home insurance company is usually about more than just price. Our insurance editorial team reviewed coverage options, discount opportunities and digital tools, as well as financial strength ratings from AM Best and customer satisfaction scores from J.D Power, to narrow down the best home insurance in Brooklyn, New York.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Not available
JD Power
Not rated
Bankrate's trusted insurance industry expertise
Read our full methodologyThe insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers the information they need to make educated decisions when shopping for a policy.
78
years of industry experience
9
licensed staff
34.5K
ZIP codes examined
120
carriers reviewed
The cheapest home insurance companies in Brooklyn
When searching for the cheapest home insurance in Brooklyn, homeowners should consider several factors that could impact their premiums. These factors might include the age and condition of the home, the materials used in its construction, and the presence of safety features like alarm systems. Additionally, property crime rates in Brooklyn can influence insurance costs, making it important to consider security measures that could qualify for discounts, such as an anti-theft device or security alarm system. Comparing quotes from multiple insurers and looking for available discounts can typically help in finding more affordable coverage. Understanding other specific risks associated with Brooklyn, such as weather-related events, may also play a crucial role in determining insurance costs.
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$70
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$843
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$85
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$1,020
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Sterling Insurance
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$100
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$1,194
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Dryden Mutual
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$119
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$1,426
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Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
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How much is home insurance in Brooklyn, New York?
The average cost of home insurance in Brooklyn for $300,000 in dwelling coverage is $2,351 per year. When compared to the state average, Brooklyn's rates are typically 26 percent more than the rest of New York. These variations in cost might be due to factors like the higher property crime rates in the city, the age and construction style of homes and the increased risk of weather-related events. Homeowners in Brooklyn should consider these aspects when budgeting for home insurance.
Brooklyn rates by credit tier
Home insurance premiums in Brooklyn can be significantly influenced by the homeowner's credit. Insurers often use credit-based insurance scores to help determine the likelihood of a policyholder filing a claim. Generally, better credit could result in lower premiums, as it may indicate a lower risk to the insurer. Conversely, lower credit might lead to higher insurance costs. Brooklyn homeowners should be aware of how their credit history can impact their insurance rates and take steps to improve their credit if necessary to potentially lower their premiums. Here is a breakdown of how having poor to excellent credit could affect your premium.
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$2,164
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$963
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$843
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$785
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$1,821
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$1,122
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$1,020
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$845
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Sterling Insurance
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$1,194
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$1,194
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$1,194
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$1,194
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Dryden Mutual
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$1,426
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$1,426
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$1,426
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$1,426
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$2,750
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$1,843
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$1,731
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$1,477
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Brooklyn rates by home age
The age of a home can play a significant role in determining home insurance rates in Brooklyn. Older homes may have outdated electrical, plumbing and heating systems, which could increase the risk of damage or loss and, consequently, result in higher premiums. On the other hand, newer homes often come with modern construction standards and updated systems, typically leading to lower insurance costs. Brooklyn homeowners should consider the age of their home when shopping for insurance, as well as the potential benefits of making updates or renovations to reduce their premiums.
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$1,134
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$1,120
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$1,083
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$994
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$768
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$1,250
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$1,246
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$1,246
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$1,183
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$919
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Sterling Insurance
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$1,456
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$1,456
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$1,456
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$1,259
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$1,194
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Dryden Mutual
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$1,678
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$1,678
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$1,678
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$1,562
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$1,368
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$2,377
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$2,327
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$2,156
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$1,996
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$1,579
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Brooklyn rates by deductible
The deductible amount you choose for your home insurance policy can significantly impact your premium in Brooklyn. A higher deductible usually means lower monthly or annual premiums, as the homeowner agrees to pay more out of pocket in the event of a claim. Conversely, a lower deductible often results in higher premiums since the insurer would cover a larger portion of covered claims. Brooklyn homeowners should carefully consider how much they can afford to pay upfront in the event of a loss when selecting a deductible, balancing immediate savings on premiums with potential future expenses.
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$781
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$726
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$668
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$1,070
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$931
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$855
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Sterling Insurance
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$1,061
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$1,061
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$929
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Dryden Mutual
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$1,426
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$1,213
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$1,213
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$1,692
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$1,629
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$1,528
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Frequently asked questions
Methodology
Rates
Bankrate utilizes Quadrant Information Services to analyze May 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
If otherwise specified, the base profile has been modified with the following homeowner characteristics:
Bankrate Score
Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
