Home Insurance in Great Neck, New York
Homes in Great Neck carry a median value of $968,500 - 41% higher than the Nassau County median.
The typical home in Great Neck was built around 1952. About 67% of homes were built before 1960, in line with Nassau County (66%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Great Neck breaks down to 71% single-family homes, 25% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Great Neck, about 48% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Great Neck has an owner-occupancy rate of 71% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
In Great Neck, 78% of homes are primarily heated with natural gas. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Nassau County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Nassau County had 40,437 active NFIP flood policies as of September 2026. See the full Nassau County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $968,500 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Nassau County | 40,437 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
- Kensington
- Saddle Rock
- Kings Point
- Great Neck Plaza
- Great Neck Estates
- Thomaston
- Russell Gardens
- Plandome
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)