Buffalo Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in Buffalo


Home insurance is a hugely important part of owning a home. Fire, vandalism, theft, and wind damage are just some of the perils for which homeowners insurance can protect your dwelling and personal property. Incidents like this occur frequently. When paired with the high cost of repairing or rebuilding a home, investing in homeowners coverage can seem like a great move.

The price of a homeowners insurance policy factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Find out more information about what your homeowners insurance policy covers.

Finding cheap home insurance in Buffalo starts with shopping around and comparing policies. Have a look at the summary below comparing average Buffalo homeowners insurance costs to ensure you start your search with as much background info as possible. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Buffalo, New York, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Buffalo by insurance company

Buffalo homeowners insurance rates will vary depending on which insurance company you choose. State Farm offers the most affordable home insurance in Buffalo, at just $523 per year. This compares favorably to the city’s average homeowners premium of $1,073.

Start your search for a home insurance policy by reviewing the cheapest companies in Buffalo, New York, listed below.


AFFORDABLE HOME INSURANCE COMPANIES IN BUFFALO
CompanyAverage Annual Rate
State Farm$523
Travelers$599
NYCM Insurance$678
MetLife$793
Preferred Insurance$841

Average home insurance costs in Buffalo by coverage level

How much you spend on home insurance coverage is greatly impacted by the level of coverage you choose. In Buffalo, carrying $200K dwelling coverage costs an average of $768, while carrying additional coverage up to $400K costs $1,425 per year.


HOMEOWNERS INSURANCE RATES IN BUFFALO — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$768
$400K Dwelling$1,425

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Buffalo home insurance rates by ZIP code

Not every area of Buffalo has equal home insurance premiums. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

The cheapest home insurance rates in Buffalo are available in 14221. In 14221, the typical home insurance policy costs $1,037 per year — $36 less than the citywide average in Buffalo. Find the best places to live in Buffalo for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN BUFFALO
ZIP CodeAverage Annual Home Insurance Rate
14221$1,037
14225$1,040
14219$1,043

Some parts of Buffalo, however, are prone to homeowners insurance costs that are higher on average. Crime rates, fire risk, and even your how close you are to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. One of the costliest ZIP codes for homeowners insurance in Buffalo is 14213, with an annual average rate of $1,102.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN BUFFALO
ZIP CodeAverage Annual Home Insurance Rate
14213$1,102
14222$1,101
14209$1,100

Money-saving tip: bundle home and auto insurance in Buffalo

You might want to consider purchasing your auto and homeowners policies through the same company if you are looking to save on overall insurance costs . Bundling homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. By bundling your policies, Buffalo homeowners could see annual savings of 8% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN BUFFALO
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Progressive$1,273
GEICO$1,293
Allstate$1,587
Liberty$2,088
State Farm$2,284

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. To speak with an insurance expert, give us a call at 855-493-9728 today.


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