Home Renters insurance Renters insurance cost Average renters insurance cost in New York Average renters insurance cost in New York Discover the average cost of renters insurance in New York and how factors like location and coverage levels can impact your rate. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur is a licensed life, health, and disability insurance agent and an auto and home insurance expert. She has written extensively on insurance topics for QuinStreet’s CarInsurance.com, Insurance.com and Insure.com as well as for Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker and The Financial Gym. | Updated on: January 16, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Renters insurance costs in New York vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in New York is $293 per year or $24 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ. Key Takeaways The average cost of renters insurance in New York is $293 per year or $24 per month.State Farm provides the least expensive renters insurance in New York at an average rate of $126 annually.Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in New York. Average renters insurance cost in New York per monthIn New York, the average cost of renters insurance is $24 per month. However, the exact premiums may vary based on factors like your location, the value of your belongings, and the amount of coverage you choose. It’s always a good idea to compare quotes from multiple insurers to ensure you get the best deal.Average renters ins cost per monthDifference compared to national average$24$2 moreAverage renters insurance cost in New York by companyState Farm offers the most affordable renters insurance in New York at an average annual rate of $126, followed by Travelers and Allstate, based on our data.However, you should get multiple quotes from various renters insurance companies in New York because the prices vary greatly among carriers.Below, we have compared the average annual and monthly renters insurance rates of insurance companies across New York.CompanyAverage annual rateAverage monthly rateState Farm$126$11Travelers$174$15Allstate$192$16NYCM Insurance$196$16Nationwide$236$20American Family$263$22Chubb Ltd$295$25Farmers$319$27AIG$1,195$100USAA$248$21 Renters insurance calculator in New York Select your state New York Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Washington, D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Personal property coverage Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings. $40,000 $20,000 $40,000 $60,000 Liability Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended. $300,000 $100,000 $300,000 Deductible Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims. $1,000 $500 $1,000 Calculate $276/year Estimated renters insurance rates in New York $23 Monthly renters insurance cost in New York 12% Compared to national average Get quotes Average cost of renters insurance in New York by coverage levelOn average, New York renters pay $293 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in New York to $232 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.Below are the average annual renters insurance costs in New York for personal property coverage of $20,000 and $40,000.Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate$20,000 with $500 Deductible and $100,000 Liability$228$19$20,000 with $500 Deductible and $300,000 Liability$244$20$20,000 with $1,000 Deductible and $100,000 Liability$217$18$20,000 with $1,000 Deductible and $300,000 Liability$232$19$40,000 with $500 Deductible and $100,000 Liability$293$24$40,000 with $500 Deductible and $300,000 Liability$310$26$40,000 with $1,000 Deductible and $100,000 Liability$276$23$40,000 with $1,000 Deductible and $300,000 Liability$293$24$60,000 with $500 Deductible and $100,000 Liability$366$30$60,000 with $500 Deductible and $300,000 Liability$384$32$60,000 with $1,000 Deductible and $100,000 Liability$344$29$60,000 with $1,000 Deductible and $300,000 Liability$362$30Average cost of renters insurance in New York by cityRenters insurance rates can vary widely between cities. To make finding the right policy easier, we’ve broken down the costs by city. Discover how much renters insurance typically costs in different areas of New York.Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below. Renters insurance rates in New York by cityAppletonAtlantaBloomingtonDenverHamiltonMemphisNew YorkPhiladelphiaPhoenixStaffordShow moreAverage cost of renters insurance in New York by ZIP codeRenters insurance costs in New York vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.Most affordable ZIP codes for renters insurance in New YorkThe amount New York renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 14466 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $244.Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy in New York.ZIP codeCityAverage annual rateAverage monthly rate14466Hemlock$244$2014487Livonia$245$2014453Fishers$245$2014485Lima$245$2014520Ontario Center$245$2014480Lakeville$246$2014425Farmington$246$2014432Clifton Springs$246$2014488Livonia Center$246$2014538Pultneyville$246$21Least affordable ZIP codes for renters insurance in New YorkYour ZIP code, among other factors, affects how much you pay for renters insurance in New York. 11230 is the least affordable ZIP code for New York renters at an average cost of $473 a year or $39 monthly.We have analyzed quotes from the major insurance carriers across all the ZIP codes in New York. Below are the average annual renters insurance costs by ZIP code.ZIP codeCityAverage annual rateAverage monthly rate11230New York$473$39 Final thoughts: Average renters insurance in New YorkRenters insurance is a must-have for renters in New York. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. In addition to price, consider factors like coverage options, deductibles and customer reviews.How much is renters insurance in other statesAlaska$257/YearAlabama$324/YearArkansas$363/YearArizona$260/YearCalifornia$271/YearColorado$191/YearConnecticut$292/YearDelaware$181/YearFlorida$248/YearGeorgia$352/YearHawaii$247/YearIowa$203/YearIdaho$184/YearIllinois$246/YearIndiana$269/YearKansas$251/YearKentucky$207/YearLouisiana$504/YearMassachusetts$262/YearMaryland$256/YearMaine$198/YearMichigan$340/YearMinnesota$211/YearMissouri$231/YearMississippi$387/YearMontana$275/YearNorth Carolina$366/YearNorth Dakota$192/YearNebraska$295/YearNew Hampshire$173/YearNew Jersey$207/YearNew Mexico$201/YearNevada$246/YearOhio$252/YearOklahoma$281/YearOregon$288/YearPennsylvania$274/YearRhode Island$476/YearSouth Carolina$294/YearSouth Dakota$202/YearTennessee$290/YearTexas$226/YearUtah$204/YearVirginia$235/YearVermont$182/YearWashington$222/YearWisconsin$167/YearWest Virginia$248/YearWyoming$136/YearShow more Explore other insurance options in New-York Average homeowners insurance cost in New York Average car insurance cost in New York Non-owner auto insurance in New York Shivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2025 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2025 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2024 How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles Home insurance claims: How to file and what you should know By Chris Kissell How to calculate your home’s replacement cost By Nupur Gambhir Homeowners insurance basics By Shivani Gite How much does dog liability insurance cost and do you need it? By Lena Borrelli Condo insurance calculator: Estimate the cost of coverage By Jessica Olson Home insurance for older homes with knob and tube wiring By Erik Martin On this page Average renters insurance cost in New York per monthAverage renters insurance cost in New York by companyAverage cost of renters insurance in New York by coverage levelAverage cost of renters insurance in New York by cityAverage cost of renters insurance in New York by ZIP codeFinal thoughts: Average renters insurance in New York ZIP Code Please enter valid ZIP See rates