What's the average cost of condo insurance in New York City?

I want to know what the average rate is so I can make sure I won't be overcharged.

Answer
One of the best things about NYC is how diverse it is; there are thousands of unique properties in one small and dense location! This is why it is safe to say that there isn’t an “average” cost for condo insurance.
Insurance is so tailored to the individual and the property that any average price estimate might give you a false sense of what you should be paying. The rate of condo insurance is based on zip code, credit, loss history, square footage, building materials, the number of units per structure, and so much more!
The best way to find the right price for your insurance is to get several quotes from different insurance agencies and select the one that best fits your needs.
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Shannon Martin
Answered on Apr 02, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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