Home Insurance in Montgomery County, New York
With a median home value of $157,500, Montgomery County is 63% lower than the New York median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Montgomery County was built around 1944. About 65% of homes were built before 1960, about 13 points above New York's 52%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Montgomery County is 60% single-family homes, 7% apartments in buildings with 5+ units and 7% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Montgomery County, about 52% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Montgomery County has an owner-occupancy rate of 70% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
46% of homes in Montgomery County are primarily heated with natural gas. Homes heated with propane, fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
The top hazards for Montgomery County, per FEMA's National Risk Index, are inland flooding (Relatively Moderate), hurricane (Relatively Low) and winter weather (Relatively Moderate).
As of September 2026, Montgomery County has 185 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood 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 | $157,500 |
|---|---|
| Median year built | 1944 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 52% |
| Top hazards (FEMA National Risk Index) | Inland Flooding (Relatively Moderate), Hurricane (Relatively Low), Winter Weather (Relatively Moderate) |
| Active NFIP flood policies (county) | 185 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Towns and cities
- Ames
- Amsterdam
- Canajoharie
- Fonda
- Fort Johnson
- Fort Plain
- Fultonville
- Hagaman
- Nelliston
- Palatine Bridge
- St. Johnsville
Sources
- 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)