Renters Insurance in New York, NY

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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…

Renters insurance in New York, New York

Renters insurance is critical if you're renting a home. It covers your rental unit — and the personal property within it — against a number of perils, including wind, theft, fire, or vandalism. As these circumstances are fairly common, the affordability of a renters policy, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of renters insurance relies on a variety of factors, including your building's age, the materials from which it’s made, its location, and the pricing guidelines of your renters insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the additional risk.

The average yearly renters insurance rate in New York is $288.

Finding cheap renters insurance in New York should start with a thorough review of the top renters insurance companies. Consult our analysis of average New York renters insurance premiums to begin your search with as much background info as possible. Remember: rates will vary based on your coverage limits and other factors.

Jump to:

  1. Rates by company
  2. Rates by coverage level
  3. Bundling discounts

Popular renters insurance companies in New York

Insurance premiums in New York vary based on the insurance company. For instance, NYCM Insurance offers the cheapest renters insurance in New York, at just $93 per year. That's less expensive than the city's average cost of $288, providing a $195 price break on typical rates in the city.

Begin your search for a renters insurance policy by exploring the cheapest insurers in New York.

CompanyAverage Annual Rate in New York
NYCM Insurance$93
State Farm$125
Narragansett Bay$173

New York renters insurance pricing by coverage tier

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In New York, the annual cost differential between these levels is roughly $102. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in New York
$25K Property$237
$50K Property$339

Tip: bundle your auto and renters insurance policies in New York

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same company. Bundling renters and car insurance in New York can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in New York leads to average auto insurance savings of $89. The auto insurance company offering the most affordable rate with a renters bundle is Progressive, followed by GEICO and State Farm.

Annual Bundle SavingsBundle Savings %

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