Home Insurance in Amsterdam, New York
Homes in Amsterdam carry a median value of $137,900 - 12% lower than the Montgomery County median.
The median home in Amsterdam was built in 1939 or earlier. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 81% of homes were built before 1960, about 16 points above Montgomery County's 65%.
The housing stock in Amsterdam is 40% single-family homes and 9% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
48% of owner-occupied homes in Amsterdam carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Amsterdam has an owner-occupancy rate of 53% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
Most homes in Amsterdam - 74% - are primarily heated with natural gas. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Montgomery County's overall risk as Relatively Low, led by inland flooding (Relatively Moderate). Montgomery County had 185 active NFIP flood policies as of September 2026. See the full Montgomery County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in New York is $1,801 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $137,900 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 53% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Montgomery County | 185 |
| 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)