Average Renters Insurance Cost in New York

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In New York, renters insurance rates depend on factors like your insurer, chosen coverage limits and personal circumstances. On average, renters pay $293 annually or $24 monthly for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.

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 month

In 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 month	Difference compared to national average
$24	$2 more

Average renters insurance cost in New York by company

State 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.

Company	Average annual rate	Average monthly rate
State Farm	$126	$11
Travelers	$174	$15
Allstate	$192	$16
NYCM Insurance	$196	$16
Nationwide	$236	$20
American Family	$263	$22
Chubb Ltd	$295	$25
Farmers	$319	$27
AIG	$1,195	$100
USAA*	$248	$21

*USAA is only available to military community members and their families.

Renters insurance calculator in New York

$276/year

Estimated renters insurance rates in New York

$23

Monthly renters insurance cost in New York

12%

Compared to national average

Average cost of renters insurance in New York by coverage level

As we discussed above, the average cost of renters insurance in New York is $293 per year. These rates are for a coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $232 per year for renters insurance in New York, which provides $300,000 in liability protection with a $1000 deductible.

Below are the average renters insurance costs in New York for personal property coverage amounts of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average 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	$30

Average cost of renters insurance in New York by city

Renters 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 in New York by city

See rates in your city

New York

Average cost of renters insurance in New York by ZIP code

The cost of renters insurance in New York varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.

To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in New York.

Most affordable ZIP codes for renters insurance in New York

How much New York renters pay for insurance depends on the ZIP code they live in. 14466 is the most affordable ZIP code for renters insurance in New York among all the ZIP codes analyzed, at $244 a year on average.

Rates vary by ZIP code, so comparing quotes is one of the easiest ways to get the best deal on renters insurance in New York.

ZIP code	City	Average annual rate	Average monthly rate
14466	Hemlock	$244	$20
14487	Livonia	$245	$20
14453	Fishers	$245	$20
14485	Lima	$245	$20
14520	Ontario Center	$245	$20
14480	Lakeville	$246	$20
14425	Farmington	$246	$20
14432	Clifton Springs	$246	$20
14488	Livonia Center	$246	$20
14538	Pultneyville	$246	$21

Least affordable ZIP codes for renters insurance in New York

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in New York is 11230, with an average cost of $473 a year or $39 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in New York. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
11230	New York	$473	$39

Final thoughts: Average renters insurance in New York

Renters 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.

Shivani Gite

Contributing 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.