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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 03, 2022 Find cheaper car insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Get my free quotes Select from a variety of trusted carriers + MORE How it works Caret Down Get matched with personalized offers Tell us a little about yourself so we can share accurate and personalized offers. We only ask for info we know will impact your rate. Choose the best policy for you Compare your options from carriers who want to work with you, and select as many offers as you'd like. Finalize your rate and policy details Once you pick the carrier you want, finish the process by phone with an trusted agent or entirely online. That's it! On This Page
New York doesn't have cheap average car insurance rates. In fact, the Empire State is the most expensive in the country for car insurance according to Bankrate's research. Finding lower prices is possible, though, and our rate analysis might make it easier. If you're shopping for minimum coverage, American Family and Preferred Mutual are among the cheapest options. For full coverage, American Family could still be a cheap choice, as could Progressive. Our analysis of cheap car insurance in New York includes the lowest rates for a variety of factors, including minimum coverage, full coverage and teen drivers, so you can get a broad idea of which companies have the lowest average prices. Key takeaways American Family and Progressive tend to offer cheap average car insurance rates to New York drivers across a range of driver profiles. Full coverage costs an annual average of $2,996 and minimum coverage costs an annual average of $1,339 in New York State. Insuring a teen driver, being convicted of a speeding ticket, getting into an at-fault accident or being deemed a high-risk driver can all significantly increase your rates. See More How Bankrate chose the cheapest car insurance companies in New York
To find the cheapest auto insurance in New York, Bankrate partnered with Quadrant Information Services to obtain up-to-date premium information for the largest auto insurance providers by market share. Price is obviously an important metric if you're looking for cheap coverage, but it's never the only factor at play when you buy car insurance. To that end, we also reviewed each company's customer satisfaction scores and financial strength ratings to showcase carriers with more to offer than simply low prices. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
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Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state's requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Teens: Rates were determined by adding a 16-year-old teen to a 40-year-old married couple's policy. The rates displayed reflect the added cost to the parents' policy. Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction. The cheapest companies for minimum coverage in New York
"" refers to purchasing only the state-required coverage types and limits. In New York, minimum coverage costs an average of $1,339 per year, which is 146 percent more than the national is $545 per year for minimum coverage. While buying just minimum coverage could help keep your insurance costs low, most insurance professionals advise that you purchase higher limits for greater financial protection. If you are looking for minimum coverage car insurance in New York, these five national and regional carriers are some of the cheapest companies, based on our research: Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium Average annual minimum coverage premium $507 Average monthly minimum coverage premium $42 Average annual minimum coverage premium $815 Average monthly minimum coverage premium $68 Average annual minimum coverage premium $860 Average monthly minimum coverage premium $72 Average annual minimum coverage premium $875 Average monthly minimum coverage premium $73 Average annual minimum coverage premium $1,059 Average monthly minimum coverage premium $88 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. The cheapest companies for full coverage in New York
generally comes with a higher average cost than minimum coverage because it adds more financial protection to your policy. Full coverage includes both comprehensive coverage and collision coverage, which cover damage to your vehicle from both collision and non-collision incidents. In New York, full coverage costs $2,996 per year on average, versus an average $1,771 per year nationally. When it comes to full coverage, these five national and regional carriers are among the cheapest in New York: Car insurance company Average annual full coverage premium Average monthly full coverage premium Average annual full coverage premium $1,037 Average monthly full coverage premium $86 Average annual full coverage premium $1,775 Average monthly full coverage premium $148 Average annual full coverage premium $2,273 Average monthly full coverage premium $189 Average annual full coverage premium $2,456 Average monthly full coverage premium $205 Average annual full coverage premium $2,982 Average monthly full coverage premium $248 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Factors that impact cheap rates in New York
Because car insurance premiums are based on your individual rating factors, your premium and coverage needs could change when your life changes. There are several life events that greatly impact rates, and knowing which providers are usually cheapest in each scenario might make it easier for you to shop around. Insuring a teen driver
are inexperienced and insurance companies tend to charge relatively high premiums to compensate for their higher-than-average accident rates. However, you can take steps to lower your premium. Getting quotes from several carriers and taking advantage of student discounts could help you find a cheaper rate. The rates below are for adding a 16-year-old driver to a married couple's full coverage car insurance policy. Car insurance company Average annual full coverage premium Average annual minimum coverage premium American Family $2,959 $1,144 Geico $3,595 $1,370 Progressive $3,738 $2,024 $3,793 $1,681 *Rates are for a 16-year-old added to their parent's policy. Getting a speeding ticket
are relatively common, but insurance companies still view convictions as an indication of high-risk driving behavior. If you are convicted for a speeding violation, your premium will likely increase via a surcharge after the ticket is added to your motor vehicle record, with the higher rate staying in effect for three to five years, depending on the company. How fast you are driving over the posted limit could also impact your premium increase. These are the four cheapest Michigan companies for drivers with one speeding ticket conviction: Car insurance company Average annual full coverage premium Average annual minimum coverage premium American Family $1,080 $521 Progressive $1,798 $1,073 Geico $2,387 $900 Erie $2,723 $1,277 Getting into an at-fault accident
Similar to tickets, can also increase your premium via a surcharge for an average of three to five years. If your premium has been impacted by an at-fault accident, you might consider getting quotes from other insurance companies or re-evaluating your discounts to ensure you are taking advantage of all your savings opportunities. You may also want to seek out carriers that offer programs for a first-time at-fault accident, where no surcharge is applied to your policy, but you must have this option included on your policy prior to having an accident to avoid an increase. If you have one at-fault accident on your record, these four companies may be the cheapest: Car insurance company Average annual full coverage premium Average annual minimum coverage premium American Family $1,037 $507 Progressive $1,806 $1,074 Geico $2,387 $900 State Farm $3,070 $1,653 Being deemed a high-risk driver
Each insurance company has its own metric for what constitutes a . Most providers view drivers with multiple at-fault accidents, excessive speeding citations, a DUI conviction or a poor credit rating as high-risk drivers and will usually charge higher premiums. Although your options could be more limited - you may not be eligible for insurance coverage with some companies - you might benefit from getting quotes. Keep in mind that are the most severe type of high-risk driver scenario and not all companies will sell policies to drivers with DUIs within a certain timeframe. The rates below are for a driver with a single DUI conviction. Car insurance company Average annual full coverage premium Average annual minimum coverage premium USAA $4,329 $1,951 Allstate $4,461 $2,345 Erie $4,577 $2,308 Geico $5,111 $1,983 Cheapest cities in New York for minimum coverage
The may vary based on your city and even your ZIP code. Densely populated areas like and boroughs like Manhattan, Queens and the tend to have more cars on the road, meaning the risk of accidents is naturally higher. Because of this, drivers in urban areas tend to pay higher average rates than more sparsely-populated areas of the Empire State. If you live in one of the following five cities, you may pay some of the cheapest rates for minimum coverage in the state: City AVERAGE ANNUAL MINIMUM COVERAGE PREMIUM AVERAGE MONTHLY MINIMUM COVERAGE PREMIUM Morrisonville $526 $44 Peru $526 $44 Corning $527 $44 West Chazy $527 $44 Painted Post $527 $44 Cheapest cities in New York for full coverage
Full coverage auto insurance tends to cost more than minimum coverage because it adds more financial protection. In addition to this, urban areas like Buffalo and tend to have higher costs of living, which can affect car insurance premiums. The higher cost for vehicle repairs and labor, in addition to higher medical bills, can increase the cost of car insurance in these areas. Drivers in these five cities pay some of the lowest average rates for full coverage in New York State: City AVERAGE ANNUAL FULL COVERAGE PREMIUM AVERAGE MONTHLY FULL COVERAGE PREMIUM Fairport $1,337 $111 Webster $1,337 $111 Penfield $1,338 $112 Victor $1,351 $113 East Rochester $1,354 $113 Minimum coverage requirements for New York drivers
New York State requires its drivers to carry at least certain minimum coverage limits to . In New York, your car insurance policy must have at least the following : $25,000 bodily injury liability per person and $50,000 death per person $50,000 bodily injury liability per accident and $100,000 death per accident $10,000 property damage liability per accident $50,000 $25,000 statutory uninsured motorist bodily injury liability per person $50,000 statutory uninsured motorist bodily injury liability per accident According to the Insurance Information Institute (Triple-I), New York has the of uninsured drivers in the U.S at 4.1 percent. Drivers in New York have two options for : statutory and supplemental. Statutory coverage only applies to accidents that happen within state limits. Supplemental coverage is available at minimum limits or higher limits and provides coverage outside of the state. Supplemental uninsured motorist coverage also includes underinsured motorist coverage. Most insurance experts recommend that you purchase higher liability limits than the state minimum. If you cause an accident and the damages and injuries exceed your insurance limit, you are responsible for the overage out of pocket, which could leave you with hefty bills and be financially devastating to you and your family. Additionally, if you have a loan or lease on your vehicle, your lender or lessor will likely require you to carry full coverage. Frequently asked questions
While our research found that USAA and Geico are among the top providers in the Empire State, the is different for every driver. Each consumer has a unique set of circumstances when searching for car insurance. These may include the driver's wants and needs, the type of car they drive, their motor vehicle history and the ages of the drivers on their policy. Remember that the isn't always the best, so you should look at more factors than just premium when you're shopping for coverage. Understanding your own situation and getting quotes from a few different companies will enable you to compare rates, coverage offerings, discounts and policy features so that you can find the right fit for you.
The 2022 average rates for car insurance in New York State are $2,996 per year for full coverage and $1,339 per year for minimum coverage. However, the actual rate you will pay depends on numerous individual rating factors including the make and model of your vehicle, the coverage types and levels you choose, your auto claim history and the discounts for which you qualify. Your premium will likely differ from the stage and national average based on your individual rating metrics.
Yes, insurance for drivers is required by the state of New York. You must carry at least the state minimum levels and types of car insurance coverage to drive legally. If you choose to , you could face significant consequences, which include having your license suspended, your vehicle impounded and incurring financial penalties up to $1,500 per violation. If you cause an accident without insurance, you'll be responsible for paying for the damages and injuries you cause out of pocket, which could have a serious impact on your finances.
If you file a claim, you may want to brace yourself for a premium increase at your renewal. After an at-fault accident, the average premium increase on a full coverage policy is 42 percent according to our research. However, even not-at-fault accidents could increase your premium a bit, especially if you lose a claim-free discount. Remember, though, that you carry insurance to protect you from financial hardship. If you don't have the funds available to take care of the damages after an accident, filing a claim could be the best financial move, even if it results in higher premiums. Talking with an agent about your situation could help you decide if filing a claim or paying out of pocket is the right move.
The is a way for high-risk drivers in New York to purchase auto insurance coverage when private carriers decline their coverage. You may purchase NYAIP coverage through a local agent or you can buy directly from the Automobile Insurance Plan online or via phone. While the NYAIP is a useful tool, it is generally viewed as a last resort for very high-risk policyholders. Compare rates and save on auto insurance today! Get quotes Close X Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.