USAA is one of the best renters insurance companies in New York with the highest J.D. Power score (886) among the carriers surveyed. Although, USAA only offers services to military members and their families.
Renters Insurance typically covers personal property and liability protection. When it comes to choosing the best renters insurance company, basis the type of renters insurance required, there are a few factors that you should keep in mind that may help you make an informed decision. Keep on reading this guide to know more about the best renters insurance in New York.
Key takeaways
- New York residents pay an average of $23 monthly for standard renters insurance policy.
- With a J.D.Power score of 886 out of 1,000, USAA is the best renters insurance company based on the Insurance.com research. The average rate of the policy is $219 per year.
- The average annual rate of the most expensive ZIP code in New York is $162 more than the state average for a renters insurance policy.
- At $128 per year, State Farm offers the cheapest renters insurance in New York.
- Best renters insurance companies in New York
- Compare best renters insurance companies in New York
- How much is renters insurance in New York
- 10 Most expensive zip codes in New York for renters insurance
- 10 Least expensive zip codes in New York for renters insurance
- Cheap renters insurance in New York by carrier
- Compare renters insurance rates with other states
- Methodology
Best renters insurance companies in New York
When it comes to choosing the best renters insurance company in New York, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in New York. Below is the list of best renters insurance companies in New York:
| Company | Average rating(out of 5) |
|---|---|
| USAA | 5 |
| State Farm | 4.5 |
| Nationwide | 4 |
| Allstate | 4 |
| Travelers | 3.5 |
| Farmers Insurance | 3.5 |
Compare best renters insurance companies in New York
When you are looking for the most affordable renters insurance policy in New York, it is best to get quotes from different providers before you choose one. Price plays an important role, but New York residents should also consider the insurance company's customer service and overall rating before deciding on the one that fits their renter's insurance coverage needs.
Compare the best New York renters insurance companies using their J.D Power scores and average rates.
| Company | J.D. Power Score | Average Annual Premium | AM Best Ratings |
|---|---|---|---|
| Allstate | 837 | $172 | A+ |
| Farmers Insurance | 831 | $302 | A |
| Nationwide | 859 | $217 | A+ |
| State Farm | 836 | $128 | A++ |
| Travelers | 801 | $161 | A++ |
| USAA | 886 | $219 | A++ |
How much is renters insurance in New York
The average annual premium for renters insurance in New York is $272, this means New York residents pay an average of $23 for renters insurance monthly. These prices are for New York renters who buy liability coverage of $100,000, personal property coverage of $40,000, and a deductible of $1,000.
| Average Annual Premium | Average Monthly Premium |
|---|---|
| $272 | $23 |
10 Most expensive zip codes in New York for renters insurance
If you're a renter in New York, protecting your household contents and finances with renters insurance is a necessity. The premiums you pay for renters insurance will be determined by many factors including your zip code.
A standard renters insurance policy protects your property from theft and vandalism or any malicious mischief. Some areas have higher rates for renters insurance than others as crime rates and the incidence of claims in your area affect how much you pay for your policy. It's important to get quotes from several renters insurance providers before making any decision.
We have gathered quotes from major insurers across all the zip codes and found that the most expensive zip code in New York for renters insurance is 11230, its average cost is $434 a year.
Find below the list of the 10 most expensive zip codes in New York along with their average annual renter's insurance premium costs.
| ZIP code | Average Annual Rate |
|---|---|
| 11230 | $434 |
| 11214 | $434 |
| 11210 | $434 |
| 11234 | $434 |
| 11229 | $434 |
| 11224 | $434 |
| 11223 | $434 |
| 11235 | $434 |
| 11236 | $433 |
| 11226 | $432 |
10 Least expensive zip codes in New York for renters insurance
New York renters insurance rate is the least expensive for the zip code 14466, its average annual rate is $235, based on Insurance.com's rate analysis.
Below is a list of the ten least expensive ZIP codes in New York along with their average renters insurance rates.
| ZIP code | Average Annual Rate |
|---|---|
| 14466 | $235 |
| 14520 | $235 |
| 12803 | $235 |
| 14485 | $235 |
| 14487 | $235 |
| 14453 | $235 |
| 14469 | $235 |
| 14475 | $235 |
| 14585 | $235 |
| 14424 | $235 |
Cheap renters insurance in New York by carrier
Renters insurance coverage is designed to protect a renter's personal possessions against damage or theft. When finding cheap renters insurance in New York, it is easy to get overwhelmed with the many options available. But don't worry we have got you covered, we have compared renters insurance costs from major insurance providers in New York and prepared a list of cheap renters insurance companies.
Among the carriers surveyed, State Farm is the cheapest insurance company that offers insurance policies to renters in New York at about $128 a year, on average. Find the below renters insurance rates of other cheapest renters insurance companies in New York.
| Company Name | Average Annual Premium |
|---|---|
| AIG | $1,134 |
| State Farm | $128 |
| Travelers | $161 |
| Allstate | $172 |
| NYCM Insurance | $173 |
| Nationwide | $217 |
| USAA | $219 |
| American Family | $235 |
| Chubb Ltd | $277 |
| Heritage Insurance Holdings | $289 |
| Farmers | $302 |
Compare renters insurance rates with other states
Methodology
Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1000 deductible and $100,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $40,000, liability coverage of $100,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.
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