In Albany, State Farm offers the best home insurance, providing a strong balance of affordability, customer service and coverage options. For those prioritizing price, State Farm offers the lowest premiums at an average of $84 per month.
Cheap Home Insurance in Albany
State Farm, Chubb, Travelers, Nationwide and Narragansett Bay offer the best and cheapest home insurance in Albany, with rates starting at $84 per month.
Get affordable home insurance quotes below.

Updated: June 6, 2025
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Key Takeaways
State Farm is the best overall home insurance company in Albany. The company is also the cheapest, with an average rate of $1,011 per year.
Home insurance in Albany costs an average of $142 per month or $1,701 per year for most homeowners in the city.
To get the best and cheapest home insurance in Albany, identify your coverage needs, research costs and companies, and compare plenty of quotes apples-to-apples.
Best Cheap Home Insurance Companies in Albany
State Farm | 90 | $84 | $1,011 |
Chubb | 87 | $130 | $1,558 |
Travelers | 80 | $99 | $1,189 |
Nationwide | 79 | $107 | $1,281 |
Narragansett Bay Insurance Company | 66 | $128 | $1,533 |
*Rates are for a 2,500-square-foot home with $250,000 in dwelling coverage and a $1,000 deductible, built in 2000.
How Much Does Albany Home Insurance Cost?
Home insurance rates in Albany depend on factors like your home’s age, chosen coverage and personal profile. Costs range from $50 to $555 monthly. Use the table below to explore rates tailored to your situation.
$100K Dwelling / $50K Personal Property / $100K Liability | $50 | $602 |
How to Get the Best Cheap Home Insurance in Albany
Finding affordable home insurance in Albany can be tough. We've crafted a step-by-step guide to help you discover the best cheap homeowners insurance tailored to your needs.
- 1
Decide on Coverage Beforehand
Determining your home insurance coverage needs beforehand allows you to compare quotes easily and stops you from being oversold by agents.
- 2
Research Cost and Discounts
Researching average home insurance costs in New York for your city and profile can help you gauge your average savings with any given provider. Also, understanding what discounts you may qualify for will help you find companies that offer them, leading to cheaper rates.
- 3
Compare Company Offerings and Reputations
In addition to cost research, understand what add-on coverages companies offer and their reputations for filing claims, agent service, policy management and buying processes. Great resources for this include J.D. Power, the NAIC, forums like Reddit and user review sites like Trustpilot.
- 4
Compare Many Quotes Through Multiple Means
Comparing multiple quotes apples-to-apples will allow you to understand who offers the best value. Rates will also differ depending on where you get your quote, so use online means, independent agents and captive agents to get quotes to make sure you get the lowest price.
Best Home Insurance in Albany: Bottom Line
The top three best and cheapest home insurance providers in Albany are State Farm, Chubb and Travelers. While these are our recommendations, do your own research and compare multiple quotes from companies to get the best deal.
Albany Home Insurance: FAQ
We've answered common questions about Albany home insurance below:
Who offers the best home insurance in Albany?
State Farm provides the best home insurance in Albany. The company has affordable rates, strong customer satisfaction and a variety of coverage options. We also recommend getting quotes from Chubb, Travelers, Nationwide and Narragansett Bay.
Who has the cheapest home insurance in Albany?
State Farm has the most affordable home insurance for most Albany homeowners, with an average price of $84 monthly or $1,011 annually. Individual rates will vary based on your profile, property and coverage preferences.
What does home insurance cost in Albany?
The cost of home insurance in Albany ranges from $602 to $6,663 per year, depending on property age and coverage extent.
How We Decided the Best Cheap Home Insurance Companies in Albany
MoneyGeek’s study analyzed home insurance premiums from 10 companies in Albany. The data used was provided in partnership with Quadrant. The customer satisfaction scores used in this study were drawn from J.D. Power surveys. To calculate affordability scores, quotes were collected for a home with varying coverage levels.
In this analysis, MoneyGeek used a base profile for a homeowner with a 2,500 square foot home built in 2000 with dwelling coverage of $250,000, personal property coverage of $100,000, and liability coverage of $100,000. All the policies had the same deductible of $1,000.
Other quotes were also collected for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles, and poor credit scores.
About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.