Home Insurance in Colonie, New York
With a median home value of $285,400, Colonie is close to the Albany County median.
The typical home in Colonie was built around 1965. About 40% of homes were built before 1960, about 6 points below Albany County's 46%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Colonie, the housing stock is 85% single-family homes and 10% apartments in buildings with 5+ units.
58% of owner-occupied homes in Colonie carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Colonie has an owner-occupancy rate of 80% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
82% of homes in Colonie are primarily heated with natural gas.
What's the biggest home insurance risk near Colonie? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Albany County and Albany County had 685 active NFIP flood policies as of September 2026. See the full Albany County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New York carries a statewide average premium of $1,801 per year.
Key figures
| Median home value | $285,400 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Albany County | 685 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)