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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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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.

Company Average Yearly Rate in New York
NYCM Insurance $70
Preferred Insurance $122
State Farm $125
Travelers $130
Liberty $135

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.

City Average Annual Renters Insurance Rate
Irondequoit $207
Binghamton $213
Rochester $214
Cheektowaga $215
Albany $216

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 Level Average 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 (%)
$1,688 $1,634 $54 3%

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.

Need a Renters Insurance Quote?

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.