Average Homeowners Insurance in New York: $630. Median Home Price in New York: $319,000. New York homeowners insurance rates in December 2013 stood at an average of $630 as compared to $680 in November 2013. Insurance Premium Saving Tips in New York. Bundle your insurance: Bundling home and car insurance in New York with the same provider will have approximately $63 to $95 of savings in New York