How much does psychiatry malpractice insurance cost in New York?

The typical mature, claims-made premium at $1M / $3M is $2,720 to $4,003 per year, 54% below the national median. This is a manual-rate benchmark before any account-specific credits or debits.

What is this figure based on?

It comes from New York's filed carrier rate manuals (MLMIC (2016, EmPRO Insurance Company (eff. 7/1/2025, AHPIA (2023/24), normalized to $1M/$3M mature claims-made. Psychiatry is a low-acuity, cognitive class that sits near the bottom of every rate manual in the manual.

Why is my quote different from this number?

Manual rates exclude schedule credits, debits, claims history, part-time status, and dividends. A broker comparing carriers can often land you below the benchmark — that is what the match below is for.

Malpractice cost

Psychiatry malpractice insurance in New York

Typical annual premium at $1M / $3M mature claims-made — 54% below the national median.

$2,720 to $4,003

per year · $1M / $3M coverage · mature claims-made

$2,906 (P10)$3,650 median$3,932 (P90)

Based on 3 filed carriers

Coverage $1M / $3MPolicy Claims-madeMaturity MatureRegion Varies by county

Who files these rates in New York

$2,720 — MLMIC (2016
$3,650 — EmPRO Insurance Company (eff. 7/1/2025
$4,003 — AHPIA (2023/24

By region in New York

MLMIC (2016 files territory relativities, so the same psychiatry premium swings by county. Applied to the state median:

Territory	Factor	Est. median
Remainder of State	×1.00	$3,650
Long Island	×3.56	$12,994
Bronx & Staten Island	×3.50	$12,760
Brooklyn & Queens	×3.27	$11,928
Manhattan + Orange/Westchester/Rockland/Sullivan	×2.39	$8,716
Hudson Valley	×1.73	$6,318
Rochester area	×0.65	$2,372

What drives a Psychiatry premium

Specialty class

Psychiatry — a low-acuity, cognitive class that sits near the bottom of every rate manual.

Territory

Where you practice; county factors can move the rate well above or below the state figure.

Maturity

Claims-made steps up over ~4 years to the mature rate shown here.

Limits

$1M / $3M is the benchmark; higher limits raise the premium via a filed increased-limit factor.

Paying more than $3,650?

Enter what you pay now and we'll show where it lands against the filed range for psychiatry in New York — and connect you with one vetted broker if there's room to do better.

We share only your specialty, state, current premium, and this benchmark with one vetted broker. No sales blast.

All specialties in New York

Specialty	$1M / $3M range
Psychiatry	$2,720–$4,003
Ophthalmology	$9,454–$14,514
Occupational Medicine	$7,482–$12,588
Pathology	$6,910–$10,172
Dermatology	$3,103–$5,155
Pediatrics	$6,168–$8,701
Family Medicine	$7,482–$12,588
General Practice	$7,482–$11,013
Internal Medicine	$9,860–$13,730
Gastroenterology	$9,860–$16,268
Neurology	$12,176–$19,076
Pulmonology	$9,860–$14,966
Anesthesiology	$9,567–$14,159
Radiology	$19,186–$29,260
Cardiology	$9,860–$13,730
Emergency Medicine	$18,932–$38,308
Orthopedic Surgery	$34,364–$56,835
General Surgery	$37,556–$63,108
OB/GYN	$50,417–$78,984