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What’s The Cheapest Car Insurance In New York?
Progressive offers the cheapest full coverage insurance in New York, while New York Central Mutual (NYCM) offers the cheapest minimum liability coverage according to our rates data. For a year of Progressive car insurance, you’ll pay around $579 for minimum liability and $1,302 for full coverage. With NYCM, you can expect to pay an average of $513 per year for a minimum liability policy and $1,657 for a full coverage plan.
New York Car Insurance Rates
Car insurance rates in New York vary due to several factors, like your age, driving history and credit score. Therefore, the cheapest rates for you will vary depending on your situation. Below we’ve listed the lowest rates for each category of coverage and driver profile we researched.
| Cheapest Car in New York (by category) | Company | Average Monthly Premium |
|---|---|---|
| Minimum Liability Coverage | NYCM | $43 |
| Full Coverage | Progressive | $108 |
| Young Drivers | Progressive*** | $346** |
| Seniors | Progressive | $116** |
| After a Speeding Ticket | Progressive | $127** |
| After an Accident | Progressive | $165** |
| After a DUI | Progressive | $113** |
| Bad Credit | Geico | $171** |
More: Cheapest Car Insurance
Cheapest Car Insurance Companies in New York
According to our research, we found that the five cheapest car insurance companies in New York are:
- Progressive
- NYCM
- Geico
- USAA
- Erie
Click on any of the providers above to learn more or find out more about the state’s cheapest car insurance companies by large and medium-sized providers below.
Cheapest Large Insurance Companies in New York
According to J.D. Power, large insurers are ones that have written $4.5 billion or more in direct premiums for personal auto.
Amongst the large car insurance companies in New York, Progressive, Geico, State Farm, Allstate, Travelers and USAA are the cheapest. You’ll find the lowest rates on average from these providers in the Empire State.
| New York Rank | Company | Minimum Coverage (Annual) | Full Coverage (Annual) | # Discounts | Cost Rating (Entire US)* |
|---|---|---|---|---|---|
| 1. | Progressive | $579 | $1,302 | 9 | 7.8 |
| 2. | Geico | $597 | $1,609 | 12 | 9.1 |
| 3. | State Farm | $1,007 | $2,133 | 16 | 9.3 |
| 4. | Allstate | $1,088 | $2,164 | 11 | 7.4 |
| 5. | Travelers | $1,644 | $3,073 | 12 | 9.8 |
| ** | USAA | $654 | $1,847 | 13 | 9.7 |
| **USAA auto insurance is only available to military members, veterans and their families. | |||||
Read more: Largest Car Insurance Companies
Cheapest Mid-Size Insurance Companies in New York
Mid-size insurers as those that have written between $1 and $4.499 billion in direct premiums for personal auto, according to J.D. Power. For mid-size car insurance companies in the Empire state, we found that New York Central Mutual, Erie and Chubb Insurance provide the cheapest rates. You can compare their average premiums and cost ratings for each company below.
| New York Rank | Company | Minimum Coverage (Annual) | Full Coverage (Annual) | # of Discounts | Cost Rating (US) |
|---|---|---|---|---|---|
| 1. | NYCM | $513 | $1,657 | 12 | 9 |
| 2. | Erie | $673 | $1,864 | 11 | 9.9 |
| 3. | Chubb Insurance | $1,079 | $3,141 | 8 | 7.1 |
Cheapest Car Insurance Coverage in New York
Car insurance costs are heavily influenced by the coverage you choose. Many car insurance quotes include estimates for minimum liability and full coverage car insurance. While minimum liability is all that is required by the state, it’s worth considering a full-coverage auto insurance policy to stay protected on the road.
Below are the cheapest car insurance options in New York for both coverage types.
Read more: Car Insurance Premiums
Cheapest Liability Car Insurance in New York
The cheapest liability car insurance for New York drivers is $43 per month from New York Central Mutual.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| NYCM | $43 | $513 |
| Progressive | $48 | $579 |
| Geico | $50 | $597 |
| Erie | $56 | $673 |
| State Farm | $84 | $1,007 |
| USAA* | $54 | $654 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Cheapest Liability-Only Auto Insurance
Cheapest Full-Coverage Car Insurance in New York
Progressive usually offers the cheapest full-coverage car insurance policy in New York at an average of $108 per month or $1,302 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $108 | $1,302 |
| Geico | $134 | $1,609 |
| NYCM | $138 | $1,657 |
| Erie | $155 | $1,864 |
| State Farm | $178 | $2,133 |
| USAA* | $154 | $1,854 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Cheapest Full-Coverage Car Insurance
Cheapest Car Insurance for Young Drivers in New York
Young drivers tend to pay more for car insurance than older, experienced drivers. The tables below show the cheapest car insurance for drivers 16 to 25 years old in New York, along with estimated monthly and annual costs.
Cheapest New York Car Insurance for 16-Year-Olds
Our research found that Progressive offers the cheapest rates on average for 16-year-old drivers in New York at $346 per month.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $346 | $4,153 |
| NYCM | $353 | $4,245 |
| Geico | $407 | $4,888 |
| Erie | $458 | $5,499 |
| State Farm | $601 | $7,220 |
Read more: Car Insurance For 16-Year-Olds
Cheapest New York Car Insurance for 17-Year-Olds
Typically, Geico offers the cheapest car insurance estimates for 17-year-old drivers in the Empire state at $363 per month or $4,363 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Geico | $363 | $4,363 |
| Progressive | $379 | $4,558 |
| NYCM | $391 | $4,699 |
| Erie | $512 | $6,145 |
| State Farm | $618 | $7,422 |
Read more: Car Insurance For 17-Year-Olds
Cheapest New York Car Insurance for 18-Year-Olds
18-year-old New York drivers can find cheap auto insurance through Progressive for $313 per month or $3,758 per year, according to our rates.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $313 | $3,758 |
| Geico | $344 | $4,130 |
| NYCM | $355 | $4,262 |
| Erie | $494 | $5,939 |
| Allstate | $533 | $6,401 |
Read more: Car Insurance For 18-Year-Olds
Cheapest New York Car Insurance for 19-Year-Olds
19-year-old New York drivers can find the cheapest rates via Progressive at average rates of $265 per month or $3,181 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $265 | $3,181 |
| Geico | $270 | $3,251 |
| NYCM | $293 | $3,527 |
| Allstate | $396 | $4,752 |
| USAA* | $315 | $3,786 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Car Insurance For 19-Year-Olds
Cheapest New York Car Insurance for 21-Year-Olds
In the Empire State, Progressive offers the cheapest rates on average at $172 per month or $2,075 per year for a full coverage policy.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $172 | $2,075 |
| Geico | $199 | $2,397 |
| NYCM | $273 | $3,283 |
| Allstate | $309 | $3,710 |
| USAA* | $236 | $2,840 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Car Insurance For 21-Year-Olds
Cheapest New York Car Insurance for 25-Year-Olds
On average, Progressive offers the cheapest car insurance estimates with an annual premium for 25-year-old drivers at $1,399 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $116 | $1,399 |
| Geico | $140 | $1,680 |
| NYCM | $179 | $2,152 |
| Allstate | $189 | $2,269 |
| USAA* | $182 | $2,193 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Car Insurance For 25-Year-Olds
Cheapest Car Insurance in New York for Seniors
Progressive offers the cheapest auto insurance for seniors in New York with average annual rates of $1,397 for a full-coverage policy. The sections below will break down costs for car insurance in the state for 65- and 75-year-old drivers.
Read More: Cheapest Car Insurance For Seniors
Cheapest Car Insurance in New York for 65-Year-Olds
Of the Empire State’s car insurance providers, we found that Progressive offers the most affordable rates for drivers in their mid-60s, averaging $103 per month or $1,241 per year.Average Annual Rate
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $103 | $1,241 |
| Geico | $158 | $1,898 |
| Erie | $169 | $2,031 |
| NYCM | $179 | $2,150 |
| USAA* | $165 | $1,984 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Cheapest Car Insurance in New York for 75-Year-Olds
New York drivers between 70 and 80 years old can generally find affordable car insurance premiums through companies like Progressive, which costs an average of $129 per month or $1,554 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $129 | $1,554 |
| Geico | $202 | $2,424 |
| Erie | $217 | $2,609 |
| NYCM | $220 | $2,643 |
| USAA* | $219 | $2,633 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Cheapest Car Insurance in New York for High-Risk Drivers
New York Central Mutual provides the cheapest overall car insurance rates on average for bad driving records, according to our research. The sections below provide monthly and annual average full-coverage rates for drivers in New York who fall into one of these categories.
Read More: Best Cheap Car Insurance For High-Risk Drivers
Cheapest New York Car Insurance for Drivers With a Speeding Ticket
Receiving a speeding ticket likely means your rates will go up. However, you can still find affordable rates in New York through Progressive, at an average cost of $127 per month or $1,532 per year for a full-coverage policy.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $127 | $1,532 |
| NYCM | $169 | $2,039 |
| State Farm | $194 | $2,334 |
| Erie | $196 | $2,357 |
| USAA* | $173 | $2,083 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Speeding Ticket Car Insurance
Cheapest New York Car Insurance for Drivers With a Recent Accident
If you’re found to be at-fault for a car accident, you’ll likely see higher rates for your car insurance. You’ll likely find the cheapest rates with an accident on record with Progressive, at an average of $165 per month or $1,991 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $165 | $1,991 |
| NYCM | $169 | $2,039 |
| State Farm | $211 | $2,534 |
| Geico | $212 | $2,551 |
| Erie | $237 | $2,855 |
| USAA* | $196 | $2,361 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: What To Do After An Accident
Cheapest New York Car Insurance for Drivers With a DUI
The state average cost of full coverage insurance for drivers with a DUI is $245 per month or $2,944 per year. Progressive offers coverage at an average cost almost 54% less than the state average at $113 per month or $1,358 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Progressive | $113 | $1,358 |
| State Farm | $194 | $2,334 |
| NYCM | $203 | $2,440 |
| Allstate | $248 | $2,986 |
| Erie | $251 | $3,020 |
| USAA* | $219 | $2,634 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: DUI vs. DWI
Cheapest New York Car Insurance for Drivers With Poor Credit
Geico offers an average rate for drivers in the Empire state of $171 per month or $2,062 per year.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Geico | $171 | $2,062 |
| Allstate | $307 | $3,693 |
| NYCM | $308 | $3,706 |
| Chubb Insurance | $310 | $3,726 |
| USAA* | $300 | $3,603 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
Read more: Car Insurance For Bad Credit
Cheap Car Insurance Quotes in New York
The best way to get cheap car insurance in any state, including New York, is comparing rates from several different providers and looking for deals and/or discounts in your area.
The most significant factors that insurers use to determine car insurance costs in New York include:
- Your age
- Your location
- The gender listed on your driver’s license
- Your driving history
- Your credit score
- Your marital status
- The make, model, year and mileage of your vehicle
- The deductible you choose
Read More: Compare Car Insurance
Cheap Auto Insurance Quotes in New York by ZIP
Below, you can get personalized cheap auto insurance quotes for your location in New York.
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Car Insurance Discounts in New York
The table below compares auto insurance deals and discounts by top providers in the Empire State, which we’ll discuss in further detail below.
| New York Car Insurance Discounts | Progressive | NYCM | Geico | USAA | Erie |
|---|---|---|---|---|---|
| Multi-policy | ✔ | ✔ | ✔ | ✔ | ✔ |
| Multi-vehicle | ✔ | ✔ | ✔ | ✔ | |
| Safe driver | ✔ | ✔ | ✔ | ✔ | ✔ |
| Student | ✔ | ✔ | ✔ | ✔ | |
| Defensive driving | ✔ | ✔ | ✔ | ||
| Driver training | ✔ | ✔ | ✔ | ✔ | |
| New vehicle | ✔ | ✔ | ✔ | ||
| Car safety equipment | ✔ | ✔ | ✔ | ✔ | |
| Loyalty | ✔ | ✔ | |||
| Military | ✔ | ✔ |
Here are more details about the standard auto insurance discounts:
- Multi-policy: Purchase two or more insurance policies from the same provider, such as home and auto insurance
- Multi-vehicle: Insure more than one car under the same policy or combine auto insurance policies
- Military: This is for those who are active military members or veterans
- Senior: Applies to policyholders who are over 55-years-old
- Homeowners: You may qualify for this discount if you own a home
- Good student: College and high school students under 25 years of age who maintain a minimum of a B average in their courses
- Good driver: Drivers with a clean driving record (no at-fault accidents, DUIs or speeding tickets in the last three years) qualify
- Defensive driving: Those who participate in a defensive driving course qualify for this discount
- Driver training: Take a driver education training course and you qualify
- New car: Drivers who purchase a new car, typically three model years or newer are eligible
- Safe car: If you drive a vehicle that has safety features like anti-theft technology
- Paperless: Receive a discount by opting to receive your documents via email
- Pay-in-full: Pay for your policy up-front and you’ll be eligible for savings
Read more: Car Insurance Discounts
Best Cheap Car Insurance in New York
The cheapest car insurance companies in New York are Progressive, New York Central Mutual, Geico, USAA and Erie, according to our research. We go into detail about each company’s offerings, reputation, customer ratings and history below.
#1 Progressive: Best for Tech Savvy Drivers
Cheapest Minimum Car Insurance Rate in New York: $48 per month
Cheapest Full Coverage Car Insurance Rate in New York: $108 per month
Cheapest Coverage in New York For: Drivers with a speeding ticket, recent accident, DUI, senior drivers, most young drivers and full-coverage
Number of Discounts: 9
Progressive Overview
Progressive has the cheapest average rates for a number of different drivers in New York, including seniors and most young drivers. Progressive is also the cheapest for those looking for a full-coverage policy and most high-risk driver categories. The auto insurance juggernaut also offers a wide range of discounts, and earned a 9 out of 10 for its reputation, availability, coverage, cost and customer experience in our nationwide review of the best car insurance companies.
Progressive Insurance Cost and Coverage in New York
Full-coverage auto insurance through Progressive costs an average of $108 per month or $1,302 per year in the Empire state. This is about 37% cheaper than the state average of $2,088.
Along with standard car insurance coverage, Progressive offers several add-on options, including rideshare coverage and roadside assistance.
Top Progressive Car Insurance Discounts in New York
We’ve highlighted discounts available with Progressive below for the state of New York:
- Multi-policy: If you purchase multiple insurance policies through Progressive, you’re eligible to save.
- Continuous insurance: If you’ve been insured by another provider before you switch to Progressive, you’ll receive some discounts.
- Teen driver discount: If you insure a driver under 18 years old, then you’ll be able to save.
Keep reading: Progressive Insurance Review
#2 New York Central Mutual: Cheapest for Minimum Coverage
Cheapest Minimum Car Insurance Rate in New York: $43 per month
Cheapest Full Coverage Car Insurance Rate in New York: $138 per month
Cheapest Coverage in New York For: Liability and mid-size insurance companies
Number of Discounts: 12
New York Central Mutual Overview
New York Central Mutual is the cheapest car insurance provider for minimum liability coverage in the Empire state. NCYM was founded in 1899 and employs over 800 dedicated insurance agents. The mid-size insurance provider also offers a range of discounts, and earned a 9 out of 10 for its cost and discounts in our nationwide review of the auto insurance companies.
New York Central Mutual Insurance Cost and Coverage in New York
New York Central Mutual’s full-coverage car insurance costs an average of $138 per month or $1,657 per year. This is about 20% cheaper than the state average of $2,088.
Besides standard car insurance coverage, NYCM offers several add-on options, including three tiers of roadside assistance and towing.
Top New York Central Mutual Car Insurance Discounts in New York
We’ve highlighted some discounts available with New York Central Mutual below:
- Senior: If you’re over 65, you’re eligible for a discount.
- Home ownership: If you’re the deed holder/owner of a house, condo, co-op or mobile home, you’re eligible for savings.
- Combination: If you insure both your home and auto through NYCM, then you can save money.
#3 Geico: Best For Budget-Conscious Drivers
Cheapest Minimum Car Insurance Rate in New York: $50 per month
Cheapest Full Coverage Car Insurance Rate in New York: $134 per month
Cheapest Coverage in New York For: Poor credit
Number of Discounts: 12
Geico Overview
For New York drivers, Geico offers the cheapest rates for those with poor credit, according to our research. In our nationwide review of the best car insurance companies, we gave Geico a score of 9.7 for industry standing and a 9.1 for the auto insurance provider’s overall cost and discounts.
Geico Insurance Cost and Coverage in New York
Geico costs about $134 per month or $1,608 per year for full-coverage car insurance. This is approximately 23% cheaper than the Empire state’s average of $2,088 per year.
Besides simply offering standard car insurance coverage, Geico also offers options such as rental reimbursem*nt, emergency road service and mechanical breakdown insurance (MBI).
Top Geico Car Insurance Discounts in New York
We’ve highlighted some discounts available with Geico for the Empire state:
- Multiple vehicle: If you insure multiple vehicles with Geico, you can lower your premium up to 25%.
- Military: If you’re an active military member, you can save up to 15% on your premium.
- Geico DriveEasy: You can save just by enrolling in the program and practicing safe driving habits.
Keep reading: Geico Insurance Review
#4 USAA: Best For Military Members
Cheapest Minimum Car Insurance Rate in New York: $54 per month
Cheapest Full Coverage Car Insurance Rate in New York: $154 per month
Cheapest Coverage in New York For: Military members and their families
Number of Discounts: 13
USAA Overview
For military members and their families, USAA is typically the cheapest insurance provider wherever you live in the country. In our nationwide review of the best car insurance companies, we gave the insurance provider a 9.7 for its cost and discounts as well as and 9.5 for its coverage.
USAA Insurance Cost and Coverage in New York
USAA’s full-coverage car insurance costs about 11% cheaper than the state average of $2,088 at a cost of $154 per month or $1,854 per year on average.
Along with standard car insurance coverage, USAA also offers additional coverage options like 24/7 roadside assistance and rental car reimbursem*nt.
Top USAA Car Insurance Discounts in New York
We highlight discounts available with USAA below for the Empire state:
- MyUSAA legacy discount: If you follow after your parents and insure your car through USAA too, then you can save.
- New vehicle: If your vehicle is less than three years old, then you can save.
- Good driver: Maintain a clean driving record for more than five years and you’ll be able to save.
Keep reading: USAA Insurance Review
#5 Erie: Best For Basic Insurance Coverage
Cheapest Minimum Car Insurance Rate in New York: $56 per month
Cheapest Full Coverage Car Insurance Rate in New York: $155 per month
Cheapest Coverage in New York For: N/A
Number of Discounts: 11
Erie Overview
Erie started from humble roots when first founded in 1925 and has grown into a Fortune 500 company. Present day, Erie is a nationally recognized insurance provider. In fact, Erie was awarded a perfect 10 for its coverage and a 9.9 for the overall cost and discounts offered in our nationwide review of the best car insurance companies.
Erie Insurance Cost and Coverage in New York
Erie’s full-coverage auto insurance costs on average $155 per month or $1,864 per year. This is around 10% cheaper than the state average of $2,088.
Erie offers customers more than just standard auto insurance coverage. Erie also offers add-ons like auto glass repair, locksmith services and roadside emergency services.
Top Erie Car Insurance Discounts in New York
Below, we highlight some discounts available with Erie in the state of New York:
- Erie Rate Lock®: If your policy changes, your premium will stay the same.
- Multi-policy: If you buy multiple insurance policies through Erie, you can save.
- First accident forgiveness: If you’ve been at Erie for more than three years, you won’t be surcharged when you get in an accident for the first time.
Keep reading: Erie Insurance Review
Average Cost of Car Insurance in New York
The average cost of full-coverage car insurance in New York is $174 per month or $2,088 per year, based on the profile of an unmarried 35-year-old driver with a good credit score and clean driving record. That ultimately means the cost of car insurance in the Empire State is roughly 4% more expensive than the national average of $2,008 per year.
Read more: Average Car Insurance Cost
New York Car Insurance Cost by Age
Below, you can compare average rates for drivers in the Empire State from 16-55 years old:
| Age | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| 16 | $554 | $6,659 |
| 25 | $199 | $2,398 |
| 35 | $174 | $2,088 |
| 45 | $169 | $2,034 |
| 55 | $157 | $1,892 |
New York Car Insurance Cost by City
Car insurance rates vary from state to state, but they also vary between different places within the same state as well. New York car insurance rates are higher in bigger cities and lower in more rural areas. Here are a few sample car insurance estimates for different cities in New York:
| City in New York | Estimated Monthly Cost | Estimated Annual Cost |
|---|---|---|
| Irondequoit | $105 | $1,265 |
| Binghamton | $109 | $1,303 |
| Troy | $109 | $1,311 |
| Schenectady | $111 | $1,337 |
| Albany | $112 | $1,344 |
| Rochester | $115 | $1,384 |
| Utica | $119 | $1,426 |
| Syracuse | $122 | $1,458 |
| Tonawanda | $129 | $1,544 |
| Niagara Falls | $129 | $1,544 |
| Cheektowaga | $129 | $1,546 |
| West Seneca | $129 | $1,553 |
| White Plains | $157 | $1,881 |
| Buffalo | $159 | $1,910 |
| New Rochelle | $165 | $1,977 |
| Coram | $182 | $2,189 |
| Levittown | $187 | $2,243 |
| Yonkers | $194 | $2,332 |
| Hicksville | $195 | $2,343 |
| West Babylon | $199 | $2,392 |
| Brentwood | $211 | $2,526 |
| Mount Vernon | $218 | $2,621 |
| New York | $228 | $2,734 |
| Freeport | $254 | $3,048 |
| Hempstead | $264 | $3,170 |
New York Car Insurance Rates vs. Other States
Based on our rate data, it’s typically more expensive to get car insurance in New York than in many other states. Below, you can compare average rates for New York vs. other states.
| State | Average Annual Minimum-Liability Premium | Average Annual Full-Coverage Premium |
|---|---|---|
| Alabama | $502 | $1,775 |
| Alaska | $486 | $1,685 |
| Arizona | $635 | $2,008 |
| Arkansas | $451 | $2,038 |
| California | $602 | $2,313 |
| Colorado | $566 | $2,173 |
| Connecticut | $980 | $1,919 |
| Delaware | $1,194 | $2,881 |
| Florida | $1,385 | $3,244 |
| Georgia | $680 | $1,973 |
| Hawaii | $529 | $1,656 |
| Idaho | $378 | $1,402 |
| Illinois | $441 | $1,541 |
| Indiana | $432 | $1,587 |
| Iowa | $274 | $1,563 |
| Kansas | $475 | $1,918 |
| Kentucky | $682 | $2,522 |
| Louisiana | $925 | $3,040 |
| Maine | $380 | $1,238 |
| Maryland | $901 | $1,833 |
| Massachusetts | $754 | $2,430 |
| Michigan | $1,360 | $3,643 |
| Minnesota | $481 | $1,766 |
| Mississippi | $453 | $1,658 |
| Missouri | $560 | $2,104 |
| Montana | $398 | $1,979 |
| Nebraska | $356 | $1,871 |
| Nevada | $1,283 | $2,788 |
| New Hampshire | $415 | $1,362 |
| New Jersey | $1,332 | $2,513 |
| New Mexico | $536 | $1,943 |
| New York | $870 | $2,088 |
| North Carolina | $469 | $1,627 |
| North Dakota | $445 | $1,916 |
| Ohio | $536 | $1,599 |
| Oklahoma | $516 | $2,278 |
| Oregon | $953 | $1,925 |
| Pennsylvania | $437 | $1,981 |
| Rhode Island | $1,036 | $2,357 |
| South Carolina | $701 | $1,845 |
| South Dakota | $328 | $2,291 |
| Tennessee | $404 | $1,524 |
| Texas | $683 | $2,205 |
| Utah | $732 | $1,928 |
| Vermont | $310 | $1,199 |
| Virginia | $545 | $1,781 |
| Washington | $561 | $1,616 |
| Washington D.C. | $686 | $2,218 |
| West Virginia | $604 | $2,177 |
| Wisconsin | $408 | $1,694 |
| Wyoming | $308 | $1,702 |
How To Get Cheaper Auto Coverage in New York
Although car insurance is expensive in New York based on our team’s research, finding the lowest rates available can save you considerable money on coverage. There are a few steps you can take to find more affordable premiums:
- Compare quotes: No two drivers are the same, and insurers can vary widely on the rates they offer drivers in different categories. The same company that offers your neighbor the cheapest rates may not have the lowest prices for you. You should get quotes from multiple providers and compare them to find the cheapest policy.
- Increase your deductible: A low deductible can offer peace of mind, knowing you won’t have to pay a large sum out of pocket toward covered repairs. However, it can also drive up your car insurance premium. If you need to save money now, raising your deductible is a quick and effective way to do it.
- Drop unnecessary coverage: Add-ons like rental car reimbursem*nt and roadside assistance can be nice when you can afford them. However, if your budget is tight due to increasing rates, dropping these options could bring your rate down while keeping your primary coverages intact.
- Reduce your coverage limits: Another way to reduce your rates is to lower the limit of what your insurer will pay out on a claim. While this can bring your premiums down in a hurry, it also leaves you at significantly more financial risk in the event of an accident.
New York Auto Insurance Requirements
New York law requires all drivers to carry liability car insurance. It’s also a no-fault state, which means in an accident, every driver must file a claim with their insurance company to have their own medical expenses covered, regardless of who’s at fault. Because of the state’s no-fault status, New York drivers are required to purchase personal injury protection (PIP) as well.
Drivers in the Empire State need to purchase the following state minimum required coverage and coverage limits:
- Bodily injury liability (BI): $25,000 per person and $50,000 for the death of one person and/or $50,000 per person and $100,000 for the death of two or more people
- Property damage liability (PD): $10,000 per accident
- Personal injury protection (PIP): $50,000 per person
Commercial Auto Insurance New York
If you own a business, you are required to have commercial auto insurance coverage. Coverage limits depend on whether you’re using a passenger vehicle or cargo vehicle. For passenger vehicles:
- 1-12 people: 100/300/50
- 12 or more people: 100/500/50
For contract cargo carriers, requirements are:
- Property carriers: 100/300/50
- Hazardous materials carriers: $1 million or $5 million combined single limit (CSL), depending on materials
Cheap Car Insurance in New York: The Bottom Line
Progressive, USAA and Geico are some of the best cheap car insurance providers in New York. While these companies stand out in the Empire State, we encourage you to gather quotes from several different providers on our list of recommendations to find the best price.
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Cheapest Car Insurance in New York: FAQ
Below are some frequently asked questions about cheap car insurance in New York:
Car insurance in N.Y. is about $174 monthly for full coverage or $73 monthly for minimum liability.
The state minimum car insurance in N.Y. is liability insurance in the following limits:
- Bodily injury liability (BI): $25,000 per person and $50,000 for the death of one person and/or $50,000 per person and $100,000 for the death of two or more people
- Property damage liability (PD): $10,000 per accident
One reason New York car insurance is so expensive is because New York is a densely populated state — in fact, it’s home to the most populous city in the country, New York City. More people means a higher potential for claims due to traffic accidents, vandalism and theft. It’s also a no-fault state, which means it requires PIP coverage, adding to the cost of minimum coverage requirements.
Car insurance typically costs $2,734 per year or $228 per month for full coverage.
Car insurance is about 36% cheaper in New York than it is in Florida. In New York, car insurance is $174 per month or $2,088 per year for full coverage and $73 per month or $870 per year for minimum coverage. In Florida, car insurance is about $270 per month or $3,244 per year for full coverage and $115 per month or $1,385 per year for minimum coverage.
Auto Insurance Rating Methodology
The car insurance marketplace can be pretty intimidating. We at the MarketWatch Guides team have put in hundreds of hours of research to make it easier for you to navigate the auto insurance world and find the right provider for your coverage needs and budget.
We’ve analyzed more than 130 auto insurers and have graded them on a variety of ranking factors. The end result was an overall rating for each company that reflects its performance in five key areas. From major national providers such as Geico and Progressive to smaller regional insurance companies such as Erie, you can trust our evaluation of the auto coverage market.
Our Rating System for Auto Insurers
To create our car insurance company rating methodology, we considered coverage, optional protections and average cost data from Quadrant Information Services. We also weighed ratings from the Better Business Bureau (BBB) and credit rating agency AM Best. In addition to gathering hundreds of data points, we conducted a survey of 1,000 consumers with auto insurance to understand what mattered most to them when shopping for coverage.
These are the five categories we used to create our auto insurance company ratings:
- Industry Standing
- Availability
- Coverage
- Cost and Discounts
- Customer Experience
Factors We Use To Score Auto Insurance Companies
We begin our scoring process by giving each provider a rating out of 100, then later translate that into a score on a 10-point scale. This overall score is based on the average of a company’s rating in five main categories. The sections below offer expanded details on each of these categories. Note that some percentages are rounded for clarity.
Industry Standing (20%)
This category encompasses a provider’s reputation in the auto insurance industry. These are a few of the important factors that contribute to its rating:
- Market share (8%): We use a provider’s market share, as determined by the National Association of Insurance Commissioners (NAIC), as a key indicator of industry standing. A provider earns maximum points if it has a market share of 15% or more and has written 40 billion premiums or more in the previous year.
- Years in business (4%): Auto insurers with long track records have an advantage, with those having been in business for 80 years or more earning maximum points.
- BBB rating (4%): The BBB rates companies for how quickly they respond to complaints and how well they communicate with customers. A high grade and accreditation from the BBB goes a long way in our rankings.
- AM Best rating (4%): Major credit rating agency AM Best gives insurers grades of up to A++ for financial strength. As you would expect, names like Travelers, State Farm and Geico carry A++ ratings.
Availability (20%)
The size of an insurer and the availability of its policies are the key considerations here. These are the specific criteria we use:
- Exclusions (10%): A few providers lose points in this category for having eligibility restrictions. (USAA, AAA and AARP are some examples.)
- State availability (5%): A few providers in our rankings only serve a handful of states. Being available across the country is an advantage in this category.
- Insurer size (5%): The larger the provider, the higher the availability score.
Coverage (20%)
Beyond the standard auto insurance coverage options, we look for extra add-on protections an insurer offers, like roadside assistance, rental car reimbursem*nt and more. These are a few of the specific things we consider for this category:
- Usage-based insurance programs: Most of our top-ranked insurers give drivers the opportunity to save money by tracking safe driving habits.
- Benefits: Roadside assistance, rental car reimbursem*nt, trip interruption coverage and accident forgiveness are among the extra benefits we look for when evaluating auto insurers. The more the benefits, the higher the rating.
- Extra coverages: Offering additional coverages like pet insurance, windshield protection, and custom parts and equipment insurance help companies improve their coverage rating.
- Coverage ratings from consumers: We consider the results of our car insurance survey, which asked nearly 7,000 drivers how they would rate their providers’ coverage options. Providers with a rating of 4.0 to 5.0 — higher than the average across all providers — earn the most points.
Cost and Discounts (20%)
Coverage rates play a significant role in any driver’s choice of auto insurance. We use cost data from Quadrant Information Services to compare rates for various driver profiles. We also consider how many discounts a provider offers. Finally, the results of our car insurance survey play a part here.
Here’s a look at the key variables we weigh when we rate insurers in this category:
- Rates compared to the national average: Companies that can beat the average national cost of full-coverage auto insurance have a leg up here.
- Rate change: We also keep a close eye on how rates change year after year.
- Quotes for various driver profiles: We use cost data to help drivers with various violations on their record and drivers of all ages to get a complete picture of each provider’s rates.
- Total number of discounts: Multi-vehicle, bundling and good student discounts are pretty common, but providers that go beyond traditional savings opportunities such as with accident forgiveness or safe driving discounts get higher ratings in this category.
Customer Experience (20%)
Along with BBB and Trustpilot ratings, we also consider the results of our survey when we rate companies for customer experience. We also look at J.D. Power studies, NAIC complaint data and customer ratings of a company’s mobile app and/or usage-based insurance app.
These are the major factors we analyze for this category:
- Online customer ratings: We comb through BBB and Trustpilot to see what customers are saying about auto insurance companies.
- NAIC complaint index: The NAIC divides a provider’s share of complaints in the U.S. auto insurance market by its share of premiums to arrive at this figure.
- J.D. Power studies: J.D. Power ranks auto insurers by overall customer satisfaction, how easy it is to buy a policy and the ease of the claims process.
- App ratings: How users on the App Store and the Google Play Store rate a provider’s mobile app factors into our ratings in this category.
The Bottom Line: How To Choose the Right Auto Insurance Company
We rank auto insurance companies to help you find the best match for your budget and unique coverage needs. The information we gather on insurers in our roundup articles (that consist of multiple insurance providers) helps us rank them and add context to our reviews of individual companies.
To get the auto coverage you need at the best possible price, we recommend comparing quotes from multiple providers.
AM Best disclaimer
If you have feedback or questions about this article, please email the MarketWatch Guides team ateditors@marketwatchguides.com.
