- New York car insurance rates
- Best car insurance companies in New York: NYCM Insurance
- Cheapest car insurance companies in New York
- New York car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in New York
- Cheapest car insurance cost in New York by age group
- Cheapest car insurance companies in New York by driver profile
- Compare auto insurance rates by city in New York
- Car insurance premium trends in New York
- Auto insurance rating methodology
- Compare New York car insurance rates with other states
New York car insurance rates
The average car insurance rate in New York is $1,870 a year or $156 monthly for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in New York is $731.
Here are the cheapest rates we found for each category of coverage and driver profile.
| Cheapest car insurance in New York (By category) | Company | Average annual premium | Average monthly premium |
|---|---|---|---|
| Full coverage | Progressive | $1,020 | $85 |
| Minimum liability coverage | Progressive | $412 | $34 |
| Teens | Progressive | $3,173 | $264 |
| Young adults | Progressive | $1,579 | $132 |
| Adults | Progressive | $1,002 | $84 |
| Seniors | USAA | $1,698 | $142 |
| After accident | Progressive | $1,135 | $95 |
| After speeding ticket | Progressive | $851 | $71 |
Best car insurance companies in New York: NYCM Insurance
The best car insurance companies in New York are NYCM Insurance, Erie, Progressive, State Farm, and Geico.
Below is a full list of the top New York insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | JD Power | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| NYCM Insurance | A | 842 | 0.22 | $1,300 | 3.54 |
| Erie Insurance | A | 845 | 0.61 | $1,814 | 3.04 |
| Progressive | A+ | 818 | 0.65 | $1,020 | 2.9 |
| State Farm | A++ | 826 | 0.7 | $1,951 | 2.75 |
| Geico | A++ | 821 | 0.91 | $1,736 | 2.73 |
| The Hanover | A | 835 | 0.6 | $2,262 | 2.67 |
| Allstate | A+ | 819 | 0.65 | $2,056 | 2.45 |
| Travelers | A++ | 821 | 0.49 | $2,677 | 2.39 |
Cheapest car insurance companies in New York
Based on a rate analysis by Insurance.com, Progressive is the cheapest car insurance company in New York with an average annual rate of $1,020. NYCM Insurance and Geico follow Progressive’s lead. USAA also provides a cheap option for those who are eligible.
To get affordable rates, don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| Progressive | $428 | $467 | $1,020 |
| NYCM Insurance | $420 | $475 | $1,300 |
| USAA | $594 | $630 | $1,557 |
| Geico | $555 | $668 | $1,736 |
| Erie Insurance | $575 | $689 | $1,814 |
| State Farm | $885 | $1,005 | $1,951 |
| Allstate | $861 | $961 | $2,056 |
| The Hanover | $1,016 | $1,170 | $2,262 |
| Travelers | $1,362 | $1,467 | $2,677 |
| Chubb Ltd | $872 | $964 | $2,942 |
The New York Department of Financial Services says...
You may reduce your premium by taking a New York State Department of Motor Vehicles-approved accident prevention course in a classroom setting or via the internet. Your auto insurer is required to provide you with a listing of all sponsors of these courses with your policy or billing statement. The Department of Motor Vehicles maintains a current listing of approved sponsors that offer classroom courses and/or internet courses on its website.
Auto insurers must apply a discount to the liability, collision and No-Fault coverages of your auto insurance policy for three years, if the principal operator of a vehicle has completed a qualified accident prevention course.
New York car insurance requirements
In New York, you need car insurance with minimum coverage levels of 25/50/10, which costs $720 each year or $60 each month.
Minimum liability insurance requirements for New York:
- Bodily injury liability (BI): $25,000 per person and $50,000 for accident
- Property damage liability (PD): $10,000 per accident
- Personal injury protection (PIP): $50,000 per person
- Uninsured/underinsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident
Cheapest car insurance companies for minimum liability coverage in New York
According to Insurance.com, Progressive has the cheapest state minimum liability coverage at $412 per year or $34 each month.
Here are the most affordable car insurance companies for state minimum coverage in New York.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| Progressive | $412 | $34 |
| NYCM Insurance | $505 | $42 |
| Geico | $570 | $47 |
| USAA* | $594 | $50 |
| Erie Insurance | $704 | $59 |
| Allstate | $858 | $72 |
| State Farm | $1,019 | $85 |
| Chubb | $1,165 | $97 |
| The Hanover | $1,282 | $107 |
| Travelers | $1,682 | $140 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in New York by age group
In New York, car insurance rates are higher for teenagers (16- to 19-year-olds) as they are more prone to accidents due to their lack of experience on the road.
Progressive offers the cheapest car insurance for teen drivers in New York at $3,173 per year for full coverage policy.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In New York, Progressive also offers the cheapest full coverage car insurance for young adult drivers (20-24 year-olds), adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds) at $1,579 per year, $1,002 per year, and $1,049 per year, respectively.
Select your age group and age below to see the insurance company and its Compare car insurance rates by age
average annual and average monthly premium rates.Progressive $3,592 $299 Geico $5,535 $461 State Farm $6,943 $579 USAA $8,323 $694 Allstate $8,326 $694 Travelers $8,958 $747
*USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in New York by driver profile
Accidents and tickets can negatively affect car insurance rates. Drivers who have accidents or tickets are considered a higher risk and will pay more.
However, the severity and frequency of the incidents will also play a role in the insurance rates. For instance, drivers with a single minor accident may see a smaller increase in their rates compared to those with multiple major accidents.
Progressive has the most affordable rates across the board, costing $728 for someone with a clean record, $1,135 for someone with one accident, and $851 for someone with one speeding ticket.
Below are average New York rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| Progressive | $1,020 | $1,415 | $1,162 |
| USAA | $1,557 | $1,759 | $1,737 |
| State Farm | $1,951 | $2,266 | $2,140 |
| Erie Insurance | $1,814 | $2,476 | $2,292 |
| Geico | $1,736 | $2,421 | $2,421 |
| Allstate | $2,056 | $2,513 | $2,528 |
| Travelers | $2,677 | $3,247 | $3,157 |
*USAA offers car insurance only to military members, veterans and their families.
Compare auto insurance rates by city in New York
Auto insurance rates vary not just by state, but also by city. Cities have different levels of risk based on factors like accident rates, claim costs, weather and more. That means where you live in New York will impact what you pay. Below, we've gathered New York car insurance rates by city for comparison.
| City | Annual insurance premium |
|---|---|
Briarcliff Manor | $2,158 |
Cohoes | $1,713 |
Rochester | $1,683 |
Car insurance premium trends in New York
Car insurance rates change regularly, influenced by changes in the cost of repairs, claim rates and other factors. Recent years have seen car insurance rates rise across the country, but not every state has seen the same increases.
We've tracked car insurance premium trends in New York to show you how things have changed and help you prepare for potential changes in the future. Take a look at the chart below.
Auto insurance rating methodology
Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
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