New York Renters Insurance

Learn more about renters insurance in New York.

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How to get affordable renters insurance in New York

Renters insurance is an optional but important insurance coverage. It keeps your stuff safe in the event your rental property suffers damage from a common incident. A renters policy covers household items from smoke or fire damage, a wind storm, vandalism or theft and a collection of other mishaps.

Unlike auto insurance, renters insurance isn't priced based on state laws. That said, there are relatively substantial gaps in renters pricing from state to state. Renters insurance policy prices in states vary based on the value and number of renters policy claims made in that state, and also on the value of the belongings covered by the policy.

Getting renters insurance in New York is pricier than the nationwide average. The typical annual renters insurance rate in New York is $233, $48 more expensive than the US average.

The easiest way to find affordable renters insurance in New York is to shop around and compare rates from multiple insurance companies. Learn how much renters insurance costs in New York by reviewing the below data. Remember: your rates may differ, depending on your coverage limits and the valuation of your belongings.

Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions

Renters insurance prices in New York by company

Rates for renters insurance in New York can vary based on the insurance company you use. NYCM Insurance offers the best deal on renters insurance in New York, at only $70 each year. This compares favorably to the state average cost of $233, providing a 70% discount on the typical rates in the state.

Start your search for cheap renters insurance by checking out the cheapest New York carriers, listed below.

CompanyAverage Yearly Rate in New York
NYCM Insurance$70
Preferred Insurance$122
State Farm$125

New York renters insurance costs by city

Not all New York cities have the same renters insurance rates. Prices depend on city-specific variables, including the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.

The cheapest renters insurance rates in New York are available in Irondequoit. An average renters insurance policy in Irondequoit costs $207 per year — $118 less than the state average. The below table shows the best places to live in New York if you’re looking for cheap renters insurance.

CityAverage Annual Renters Insurance Rate

Looking for renters insurance info for a particular city? Check out our listof the most populous cities in New York.

  1. Buffalo
  2. New York


Renters insurance in NY by coverage tier

Your renters insurance rates will vary depending on the amount of coverage you purchase. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In New York, the average annual cost difference between these tiers is roughly $78. If you can afford the up-front expense, it's worth considering.

Coverage LevelAverage Yearly Renters Insurance Rate in New York
$25K Property$193
$50K Property$272

Tip: bundle auto and renters insurance in New York

If you're looking for savings, consider purchasing your renters and auto policies from the same insurance company. A renters and auto insurance bundle in New York can save you a substantial sum each month on your auto insurance bill. Bundling policies in New York leads to a yearly savings of $54.

Avg. Annual Rate (No Bundle)Avg. Annual Rate (w/ Bundle)Annual Savings ($)Annual Savings (%)

New York renters insurance FAQs


Is renters insurance required in New York?

While there is no legal mandate that requires renters insurance in New York, landlords can require you carry it as part of your rental agreement.

What does New York renters insurance cover?

In New York, renters insurance will replace personal belongings should they be destroyed, lost, or stolen. Most policies will also provide liability coverage, medical payments to others, and will cover temporary housing costs should your home be unihabitable.

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent and one of The Zebra’s in-house content researchers and writers.

With a background in copywriting, she covers the ins and outs of auto, home, life and renters insurance, providing data-backed insights and information to help insurance shoppers make informed decisions. Kristine has contributed her insurance expertise to publications such as Automoblog, and Her research has been cited by Car and Driver.