Get Freeville, NY Home Insurance Rates!

For Freeville, NY homeowners or new home buyers, you will be excited to hear that comparing home insurance quotes in your local area is much easier with our online quoting application. We offer a one-stop-shop service, you can compare up to 12 rates among our best and major carriers, prices are based on price, coverage options and ratings. Simply enter your Freeville New York zip code and start reviewing home insurance rates today!

The most common questions we get asked is "What does homeowners insurance cost in Freeville"? For locals living in Freeville, the average homeowners policy is around $1,356 per year, that is only $113 per month. Your New York homeowners premium will be paid annually, and is handled by your mortgage company. The average home insurance rates presented here are based on a standard or basic HO-3 homeowners policy. All insurance companies seem rate risk differently so it is important to let us do the shopping for you and help answer any questions that you may have about your home, coverage options and discounts.

Helpful Tips for Homeowners Living in Freeville:

How much replacement cost coverage do I need to cover the expense to rebuild my home?
Insurers will assign a replacement cost value to your home in case it was ever in need of rebuilding due to a major peril like a fire or wind damage. The cost to replace your home is not the same as buying a home because the cost of land does not need to be factored as an expense when you need to rebuild the structure. Try our replacement cost coverage calculator to easily generate your total replacement cost coverage, you will see three options to review. Those three options are based on the current status of your home like upgraded kitchen and bathrooms. These estimates are considered on a cost per square foot pricing model.

How many people live in Freeville?
The total city area population for Freeville, NY is 5,368.

How many homes in the Freeville city limits?
The total homes in the city of Freeville is around 2,146.

What is the average Freeville household income?
The average income in the Freeville area is around $67,098.

How much do the homes in Freeville cost on average?
The average cost of a home in Freeville is estimated to be around $169,400.

Compare Homeowners Insurance Rates in Freeville, NY!

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Average Rates Nearby Freeville

Are you looking for homeowners insurance in a city near Freeville? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Freeville, NY

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Freeville.

13068,

Freeville, NY Home Insurance Average Premiums

Local Freeville, NY home insurance quotes comparison

$742 /yr.

Shows Freeville's lowest average rates with discounts applied.

For the city of Freeville, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$742 /yr.
Average Coverage:	$992 /yr.
2600 sq. ft. or higher (all discounts applied)	$1292 /yr.

What is the average home insurance cost for a home in Freeville, NY?

• The average homeowners insurance premium paid annually for a home in Freeville is around $992 per year.

What does it cost on average per month for home insurance in Freeville, NY?

• Homeowners in Freeville pay an average cost per month around $83.00 for insurance coverage.

Freeville, NY - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$246,269	$229,447
February	$245,848	$232,552
March	$246,399	$237,064
April	$247,273	$241,366

Homeowners insurance will help cover the cost to repair or replace your Freeville home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Freeville
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Freeville, NY homeowners insurance rates all in one place!

Saving Money Tips on Freeville Home Insurance

A great way to save money on Freeville homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Freeville area? Check out what homeowners are paying on average for New York homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
1030 ft.	This is the average home elevation in Freeville, NY	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local New York flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Freeville, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Tompkins County.

New York Homeowners Insurance News & Information

2025 Spring Cleaning Insurance Tips for Homeowners Posted on Monday 31st March, 2025
Spring is here, the days are getting longer, the weather is warming up and the trees are starting to bud. All of this makes it a great time for homeowners to knock out some spring cleaning and home maintenance. We thought it might be a good idea to look at some spring cleaning and maintenance […]
Homeowners Now Use This Strategy To Save Money on Home Insurance. Is It a Good Idea? Posted on Wednesday 26th March, 2025
According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone. Data from the Intercontinental Exchange (ICE) showed […]
Florida Homeowners With Insurance Are Struggling to Get Claims Paid – Why? Posted on Wednesday 19th March, 2025
According to a recent Moneywise article, homeowners with insurance coverage in Florida are struggling to get claims paid. Chad Zalva, a single dad in Riverview, Florida, was cited as an example in the article as a homeowner who is carrying homeowners insurance but was recently surprised to learn that the damage to his home from […]
2025 List of States Where Finding Home Insurance Is Most Difficult and Why Posted on Tuesday 11th March, 2025
Homeowners insurance is a necessity if you own a home, particularly if you are currently carrying a mortgage. Mortgage lenders require homeowners insurance to protect their investment in your home by always carrying homeowners insurance. If your insurance is cancelled or you are non-renewed it can be a huge problem. As wildfires and major windstorms […]
Will Citizens Policyholders See a Home Insurance Rate Decrease? Posted on Tuesday 11th March, 2025
Recently, Gov. Ron DeSantis announced that over 20% of Citizens property insurance policyholders will see a premium decrease of roughly 5.6%. DeSantis also claimed that almost 73% of homeowners who have a policy with Citizens in Miami-Dade County will see a rate reduction of 6.3% on average. The state-run insurer, Citizens Property is finally shedding […]

Freeville, NY Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Freeville so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Freeville, NY?

- The average square footage in Freeville is around 826 Sq. Ft. which would cost you around $169,400 to replace the home if you base the home on the price to build per square foot of $205.

Minimum Replacement Cost Total: $169,400

Location: Freeville, New York (Tompkins County)

Average Building Cost Per Square Foot in Freeville: $205 (low end)

Average Square Footage in Freeville: 826 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$205	$169,400
Some Additional Upgrades	$256	$211,750
Major Home Updates or Advancements	$308	$254,100

Calculate Your Freeville, NY Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($205) in Freeville, New York times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $640,625 (Media price to build of $256 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.