Home Insurance in Bolivar, New York
Homes in Bolivar carry a median value of $71,900 - 29% lower than the Allegany County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Bolivar was built in 1939 or earlier. About 79% of homes were built before 1960, about 34 points above Allegany County's 45%.
The housing stock in Bolivar is 77% single-family homes, 11% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
40% of owner-occupied homes in Bolivar carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 66% of occupied homes in Bolivar are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Bolivar, 82% of homes are primarily heated with natural gas.
FEMA rates Allegany County's overall risk as Relatively Low, led by inland flooding (Relatively Moderate). Allegany County had 228 active NFIP flood policies as of September 2026. See the full Allegany County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In New York, the statewide average premium for a standard HO-3 homeowners policy is $1,801 per year (NAIC, 2023 data).
Key figures
| Median home value | $71,900 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Allegany County | 228 |
| 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)