Get Lancaster, NY Home Insurance Rates!

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Easily compare up to 12 competitive Lancaster, NY rates all in one place!

Are you looking for new homeowners insurance in Lancaster?

We can help, our website helps you shop up to 12 New York insurance rates in your area. We can help save both time and money while also making sure your home is fully protected.

For a quick insurance quote for your home in Lancaster enter your zip code above. Our process is simple and quick, you only need to answer a few questions to start the quote process.

Get your Lancaster home insurance quote today or give us a call: 1-855-976-2656.

A few facts about Lancaster, NY Home Insurance Rates

In Lancaster NY, the average home insurance rate is $1,356 per year. New York is currently #16 most expensive state in the country when it comes to homeowners insurance. Premiums in New York are dramatically higher than the national average in the U.S which is around $1,311. In Lancaster, NY most residents will pay $113 a month for homeowners insurance.

We can help you save up to 40% or more when shopping for homeowners coverage.

Discounts can help keep your insurance affordable

Insurers offers tons of different discounts, and they are a great way to keep your premium affordable. We will make sure that all available discounts are being applied to your policy. Here are a few of the more common discounts that insurers offer:

  • Bundling: This is a major discount that insurers offer to Lancaster customers who carry multiple lines of coverage with them. If you are carrying homeowners coverage and car insurance (or any other insurance for that matter) with the same insurer you should receive a discount. Discounts can range up to 20 percent so it can be well worth it.
  • Loyalty Discount: Insurance companies value their long-term customers and are happy to give them a discount. Once you have been with the same insurer for three years or more, consider asking for a loyalty discount.
  • Monitored alarm systems: Insurers love alarm systems and offer a discount if you have a monitored alarm system in your home. Once your system is installed, ask your insurer for a discount. Discounts can range up to 15 percent.
  • Impact-resistant roofs: In New York storms are very common and can sometimes be extreme, so having an impact-resistant roof will usually result in a discount on your insurance premium. If you are in the market for a new roof, consider upgrading to an impact and wind resistant roof.
  • Pay in full: If you can afford to pay your annual premium in one lump sum your insurer will usually offer a small discount. While the discount may only run to 5 percent, they all add up.

Lancaster Flood Insurance and Windstorm Coverage

Lancaster is a coastal community that is often at risk from windstorms and other severe weather. In these types of areas, it is a good idea to carry wind and hail coverage. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood damage is another peril that New York homeowners must deal with due to our extreme weather and sea level elevation. Unfortunately, a standard homeowners policy excludes flood coverage.

In order to fully protect your home, you should consider purchasing a separate flood insurance policy. We are happy to work with you to find the best flood insurance coverage you need for your home in Lancaster. For flood insurance only in Lancaster, NY, please call us at 888-620-1954!

Top 5 Helpful Savings Tips for Lancaster Homeowners

Below are some great saving tips when looking to buy home insurance.

  1. FAQ: What is a Lancaster, NY Homeowners Insurance Policy?
  2. FAQ: What does a replacement cost coverage and actual cash value mean for my home in Lancaster, NY?
  3. This home insurance calculator will calculate your dwelling coverage for your home in Lancaster, NY so you know what type of home insurance coverage you need to cover your replacement cost.
  4. Here are the top five homeowners insurance discounts that you may not be aware of in New York
  5. Here are the top 3 home insurance credits available to homeowners.

Lancaster Demographics & Housing Facts

SourceValue
Location:Lancaster, NY (ERIE County)
Population:31,847
Occupied Residents:12,194
Average Real Estate Value Per Zip Code:$199,600

Compare Homeowners Insurance Rates in Lancaster, NY!

Enter your Zip Code:    

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

Enter your Zip Code:    
Easily compare up to 12 competitive Lancaster, NY rates all in one place!

Average Rates Nearby Lancaster

Are you looking for homeowners insurance in a city near Lancaster? 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 Lancaster, NY

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

14086,     

Lancaster, NY Home Insurance Average Premiums

Local Lancaster, NY home insurance quotes comparison

$772 /yr.

Shows Lancaster's lowest average rates with discounts applied.

For the city of Lancaster, 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)		$772 /yr.
Average Coverage:$1022 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1322 /yr.

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

  • • The average homeowners insurance premium paid annually for a home in Lancaster is around $1022 per year.

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

  • • Homeowners in Lancaster pay an average cost per month around $85.00 for insurance coverage.

Lancaster, NY Coastal Wind, Hail & Flood Information

Lancaster is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Lancaster is know for it's beautiful beaches and waterways. Because Erie County (FIPS: 36029) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Lancaster, NY.

Lancaster, NY - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $0 $0
February $0 $0
March $0 $0
April $0 $0

Homeowners insurance will help cover the cost to repair or replace your Lancaster 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 Lancaster
  • 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.
Enter your Zip Code:    

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

Enter your Zip Code:    
Easily compare up to 12 competitive Lancaster, NY rates all in one place!

Saving Money Tips on Lancaster Home Insurance

A great way to save money on Lancaster 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 Lancaster 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
729 ft. This is the average home elevation in Lancaster, NY

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Lancaster, New York.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Lancaster, 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 Erie County.

New York Homeowners Insurance News & Information

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]

  • I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024

    According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]

  • How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024

    Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm.  Understanding the different coverages that are available to homeowners is key to making sure you […]

  • Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024

    According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high.  “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]

  • Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024

    According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

Lancaster, NY Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Lancaster 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 Lancaster, NY?

- The average square footage in Lancaster is around 974 Sq. Ft. which would cost you around $199,600 to replace the home if you base the home on the price to build per square foot of $205.

Minimum Replacement Cost Total: $199,600

Location: Lancaster, New York (Erie County)

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

Average Square Footage in Lancaster: 974 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$205$199,600
Some Additional Upgrades$256$249,500
Major Home Updates or Advancements$308$299,400

The dwelling coverage is calculated by the average cost per square foot ($205) in Lancaster, 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.