Home Home insurance Renters insurance Renters insurance cost New York Hamilton, NY How much is renters insurance in Hamilton, NY The average cost of renters insurance in Hamilton is $311 per year or $26 per month. By Insure.com's Editor | Updated on November 7, 2023 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. The average cost of renters insurance in Hamilton, NY is $311 per year (for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible) — that’s $42 less than the state average of $353 a year.It can be higher or lower depending on the coverage options you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused due to covered peril such as fire or smoke damage, theft, vandalism, and other mishaps. We did a thorough analysis of renters insurance companies to find the most affordable options for Hamilton renters. Keep reading to find out the cheapest renters insurance companies in Hamilton.What is the average cost of renters insurance per month in Hamilton?On average, the cost of renters insurance in Hamilton is $26 a month. It’s $3 less than the state average of $29. Renters in Hamilton pay these rates for the coverage limit of $40,000 personal property coverage, $1,000 deductible and $100,000 liability protection coverage.The renters insurance rates vary by city depending on your insurance provider and the coverage limits you decide. For example, renters in Hamilton pay $20 per month for personal property coverage of $20,000 and $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $6 more for renters insurance.Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended, if your personal belongings consist of expensive jewelry, furniture, and electronics, you should choose higher coverage limits.How much is renters insurance in Hamilton by deductible?The renters insurance cost in Hamilton is $253 per year for a $500 deductible and $20,000 as personal property coverage. A deductible is an amount you agree to pay before your insurance company kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $14 less every year for insurance.Below are the renters insurance rates for different personal property coverage and deductible amount.Deductible$20,000 personal property$40,000 personal property$60,000 personal property500$253$331$4111000$239$311$385Note: The liability protection coverage is $1,000.Read our guide to know what does renters insurance cover.Who offers cheap renters insurance in Hamilton?Your search for the cheapest renters insurance company ends here.State Farm offers the cheapest renters insurance in Hamilton at about $138 a year or $12 per month. According to Insure.com data analysis, Allstate ranks second on our list followed by Travelers.Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Hamilton and put together a list of the most affordable insurance carriers. Below are the average annual and monthly rates of the cheap renters insurance companies across Hamilton, NY.Renter insurance providerAverage annual rateAverage per month rateState Farm$138$12Allstate$161$13Travelers$185$15American Family$235$20Nationwide$237$20NYCM Insurance$243$20Chubb Ltd$268$22Farmers$320$27USAA$331$28Heritage Insurance Holdings$335$28AIG$1,203$100MethodologyInsure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Hamilton for $40,000 personal property coverage, $100,000 liability coverage, and a $1000 deductible. The data presented are those with a good credit tier alignment. 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