Renters Insurance in New York — Average Cost 2026
Average renters insurance in New York: $290/year ($24/month). New York ranks #39 out of 51 states — above the national average.
Average annual
$290
Average monthly
$24
National rank
#39
of 51 states
vs national avg
+10.3%
New York vs national average
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Renters insurance in New York
New York has one of the larger rental markets in the country, and renters here pay around $24/month — 10% above the national average. In dense urban rental markets like this, theft and water damage from shared building systems are common claim types, making personal property coverage worth carrying even for modest apartments.
Most policies include $100,000 in personal liability coverage and additional living expenses if your unit becomes uninhabitable. Bundling with an existing auto policy typically knocks a meaningful chunk off the premium.