How Much Does Renters Insurance Cost in New York?
New York pricing is above the national average. Updated for 2024-2025.
Renters Insurance Pricing in New York
In New York, the average cost for renters insurance is $26 per month, which is 32% higher than the national average of $20. Most New York residents pay between $13 and $46.
New York has a higher cost of living than most states, which translates to higher labor rates and material costs. Urban areas within New York may be even higher.
Protects belongings, provides liability coverage, and covers additional living expenses.
New York vs National Average
What Affects Renters Insurance Cost in New York?
Coverage
$20K: $10-$15/mo; $50K: $20-$35/mo
Location
High-crime adds 50-100%
Deductible
$500 vs $1,000 saves $3-$8/mo
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Top-Rated Renters Insurance Pros in New York
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💡 Tips to Save on Renters Insurance in New York
- 1.Bundle with auto for 10-20% discount
- 2.Increase deductible to $1,000
- 3.Create home inventory
- 4.Actual cash value is cheaper
📈 Renters Insurance in New York Cost Trends (2020–2024)
Prices have increased +18.2% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $22 | — |
| 2021 | $23 | +4.5% |
| 2022 | $24 | +4.3% |
| 2023 | $25 | +4.2% |
| 2024 | $26 | +4.0% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for Renters Insurance in New York
Recent Reports
Frequently Asked Questions
How much?
$15-$30/month on average.
What is covered?
Personal property, liability, additional living expenses.
Renters Insurance Cost in Other States
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