Homeowners Insurance in Buffalo, NY

For a home at Buffalo's median value of $164,200, we estimate about $780 a year — −57% versus the New York NAIC average of $1,801.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. We are not an insurance company or agency. How we estimate

Estimated homeowners insurance cost in Buffalo

Est. premium

$780

$65/mo · median home

Median home value

$164,200

New York: $423,800

Median year built

1938

Census ACS

Owner-occupied

43.0%

of households

Hazard score

76.6

state ref. 89.3

Buffalo's estimate reflects its home values (61% lower than the state median) and FEMA's hazard profile for Erie County. Many homes here are older, so roof age, wiring and plumbing updates can matter a lot at underwriting.

Natural hazard risk in Buffalo

FEMA National Risk Index — Erie County
Hazard	Risk rating	Score (0–100)	Insurance impact
Hail	Relatively Low	41.5	Comprehensive (car); roof claims (home)
Tornado	Relatively High	95.4	Comprehensive; dwelling
Hurricane	Relatively Low	71.3	Comprehensive; wind/hurricane deductibles (home)
Inland (river) flooding	Relatively High	99.0	Comprehensive; home needs a separate flood policy
Coastal flooding	Relatively Low	44.4	Comprehensive; home needs a separate flood policy
Strong wind	Relatively Moderate	80.4	Comprehensive; dwelling
Winter weather	Very High	99.5	Collision (icy roads); frozen pipes (home)
Wildfire	Very Low	62.6	Comprehensive; dwelling
Earthquake	Relatively Low	85.9	Home needs a separate earthquake policy
Lightning	Relatively High	86.3	Fire and electrical damage

Scores are national percentiles of FEMA's county risk (higher means more expected loss than most other U.S. counties).

Estimated premium by home value in Buffalo

Dwelling value	Wood frame	Brick / masonry
$200,000	$915	$840
$300,000	$1,260	$1,160
$500,000	$1,900	$1,750
$750,000	$2,625	$2,415

Home Insurance Estimator

Estimated annual premium

—

Per month

—

Homeowners insurance by ZIP code in Buffalo

ZIP	Median home value	Owner-occupied	Est. premium
14215	$111,600	50.0%	$570
14207	$133,600	35.0%	$660
14211	$106,400	45.2%	$550
14220	$186,200	70.7%	$860
14213	$211,200	39.5%	$955
14216	$294,700	45.6%	$1,245
14206	$125,100	60.7%	$625
14214	$240,800	42.3%	$1,060
14210	$129,800	46.1%	$645
14222	$407,600	39.9%	$1,615
14212	$103,400	52.8%	$540
14208	$130,200	53.8%	$645
14201	$337,600	23.6%	$1,385
14209	$429,400	33.7%	$1,680
14204	$152,400	26.5%	$735
14202	$479,100	21.9%	$1,835

Homeowners insurance in New York · Car insurance in Buffalo · Insurance offices near Buffalo

Frequently asked questions

How much is homeowners insurance in Buffalo?

For a home at Buffalo's median value of $164,200, we estimate about $780 a year for a standard HO-3 policy with a $1,000 deductible. The New York NAIC average is $1,801.

What are the biggest natural hazards in Buffalo?

FEMA's National Risk Index rates Erie County relatively high or very high for tornado, inland (river) flooding, winter weather, and lightning.

Does the age of homes in Buffalo affect insurance?

Yes. The median home in Buffalo was built in 1938 (Census ACS). Older roofs, wiring and plumbing can raise premiums or require inspections, while updates often earn discounts.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for New York, scale it by the ratio of the dwelling value to the state median home value, adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for Erie County relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page