New York renters insurance

New York renters insurance coverages

Check out the four standard coverages on nearly all New York renters insurance policies:

• Personal property protects your personal belongings, including furniture, clothing, and electronics whether they're inside your apartment or elsewhere
• Loss of use helps cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss
• Personal liability protects you financially if you're legally responsible for another person's injuries or damage to their property
• Medical payments to others pays for medical expenses due to a covered occurrence

Additional coverages

The best renters insurance in New York is always a policy with customized coverage. Here are some extra options for when you need more protection:

• Add a rider: Certain valuable items, like jewelry, may have specific limits on your renters policy. If your item exceeds the limit, you may be able to purchase an endorsement called a rider for your policy to cover the item for its value.
• Personal injury coverage: May pay for legal fees and damages if you're liable for slander or defamation
• Water back-up coverage: Water that backs up through sewers or drains or discharges from a sump pump may not be covered by a standard renters policy. Water back-up coverage may pay for the damage to your belongings and water removal costs.

Learn more about all of our renters insurance coverages.

Is renters insurance required in New York?

Renters insurance isn't required by New York law, but your landlord or rental company may mandate a renters policy before you can move in. Even if you're not required to carry renters insurance, policies are generally affordable and may cover your belongings and assets. It may also pay for you to live elsewhere if you're unable to stay in your residence while it's being repaired or rebuilt due to a covered loss.

Is renters insurance worth it in New York?

Renters insurance is an inexpensive way to protect your belongings against fire damage, theft, and more. A renters policy may also provide asset protection if you're liable for someone’s injuries or damages. The following are some scenarios where rental insurance may help:

• A water leak damages your building, and you must move out while repairs are being made. Loss of use coverage may cover the cost of temporary housing along with food and grocery expenses above what you typically spend.
• A fire breaks out in your rental home or unit, causing smoke damage to your furniture. Your policy may pay to replace damaged items, up to your personal property coverage limits.
• A visitor in your home slips and falls, breaking their wrist. Your liability coverage may cover medical bills and legal costs if you're sued.

How much is renters insurance in New York?

Progressive renters policies in the Empire State had an average monthly price of $17.25, or $207.06 for an annual policy, in 2023.^** Remember that your cost for renters insurance is determined by several factors, including your location, type of residence, and claims history.

Your personal property coverage limits can also impact your premium. Find out how much personal property coverage you need by taking a home inventory with our personal property calculator.

How can I save on renters insurance in New York?

Take advantage of renters insurance discounts with Progressive. You may be able to save on your premium by bundling multiple policies, quoting in advance, going paperless, and living in a secure or gated community.

There may also be discounts that are only available in your state or county. Call 1-866-749-7436, or speak with an agent in your area to help ensure you're getting all applicable discounts.