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June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. 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 Pay less for auto insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Next Compare quotes from reliable carriers + MORE how it works Caret Down Provide some info to get offers We only ask for info that can impact your rate so we can share accurate and personalized offers. Select your policy Compare and move forward with as many offers as you want from a list of trusted carriers. Settle your rate and policy details Once you've decided on a carrier, wrap up the process online or on the phone with a trusted agent. On This Page
Compare rates and save on auto insurance today! Get quotes Close X The average cost of car insurance in New York is $2,996 per year for full coverage, making New York one of the most expensive states to purchase car insurance. Drivers in nearby states, like Connecticut and New Jersey, pay closer to the national average cost of car insurance of $1,771 per year for full coverage. Despite this high state average, car insurance rates across New York State actually vary by location, and may be further affected by driving record, age, carrier selection and more. Bankrate breaks down everything you need to know about average car insurance rates in New York. 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 insurance with quotes from trusted providers like Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate 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. See more providers in Choose from insurers in Show More 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 insurance with quotes from trusted providers like Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate 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. See more providers in Choose from insurers in Show More How much does car insurance cost in New York
The range in cost of premiums in New York is as varied as the towns across the Empire State. The reason for this is the number of personal factors your premiums are based on. It's based on specifics including your age, gender, claim history, marital status, driving record, vehicle - and your ZIP code. New Yorkers pay some of the highest rates in the country, with minimum coverage averaging $1,339 annually and full coverage averaging $2,996 annually, according to rates from Quadrant Information Services. Full coverage in the state is 69% higher than the national , while minimum coverage in New York is 146% more. 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. New York car insurance rates by company
The in New York not only offer high customer satisfaction ratings and financial strength, but also provide . Progressive and Erie offer some of the cheapest full coverage rates, although as shown below, many other carriers also come in below or close to New York's average car insurance rate. Car insurance company Average annual premium for full coverage Average annual premium for minimum coverage $3,121 $1,616 $3,685 $1,435 $3,900 $2,100 $2,456 $1,205 $4,641 $2,598 $2,273 $860 $4,699 $2,464 Preferred Mutual $5,151 $815 $1,775 $1,059 $3,070 $1,653 $3,181 $1,312 $2,982 $1,281 Utica National $4,655 $875 New York car insurance rates by city
How much is car insurance in New York by location? The state you are located in, as well as your city and ZIP code directly contribute to how much you pay for auto insurance. The cost from one city to the next can be double or triple in some cases, which is why your location is often a crucial factor in determining your car insurance premium. City Average annual premium for full coverage % difference from state average annual premium New York $1,589 -10% Hempstead $3,453 95% Brookhaven $2,465 39% Islip $2,688 52% Oyster Bay $2,783 57% Buffalo $2,083 18% Babylon $2,723 54% Rochester $1,456 -18% Huntington $2,712 53% Yonkers $2,900 64% Syracuse $1,585 -11% Smithtown $2,618 48% Albany $1,549 -13% Mount Vernon $3,054 72% Utica $1,641 -7% Cost of living in New York and car insurance
When shopping for the best New York car insurance rates, it's important to factor in your other expenses so that you're looking at your total living costs. The graph below shows the average annual cost of living in New York, including the average cost of car insurance. Use this graph as a guide to help determine your overall expenses so that you can decide what insurance rates fit in your budget. New York car insurance rates by age
Age has a major influence on how much you pay. The younger the age, the greater the risk of being involved in an accident, . Teen and young adult drivers in New York pay significantly more for car insurance compared to adults. The older you get, the risk decreases and so do average premiums, although senior drivers may see their premiums rise again as they get older. This is due to the risks caused by decreased vision and reaction time while driving, which could cause accidents. Age Average annual premium for full coverage in New York $6,277 $5,581 $4,438 $3,509 $2,763 $3,050 *16-year-old calculated on parent's policy disclosure New York car insurance rates by driving record
Your premiums are impacted by your driving record. Blemishes on your record such as speeding tickets, at-fault accidents and DUIs all have a direct impact on how much more you pay. Based on our data, average rates for New York drivers with moving violations can be as much as two times more than the rate for drivers with clean driving records. Driving incident Average annual full coverage premium in New York % increase of state average annual premium Speeding ticket conviction $3,241 83% At-fault accident $3,239 83% DUI $5,306 200% How to save on car insurance in New York
While New York may be one of the , fortunately there are numerous opportunities to . Shop around: Comparing one carrier to another is often the best way to save and achieve the . Discounts: Each carrier has its own list of discounts for you to take advantage of. From bundling policies to making good grades, there is a wide variety of discounts available. Improve your credit score: Your credit history is directly linked to how much you pay for your premiums. The higher your credit score, the lower your premiums. Increase your deductible: is the amount you are responsible for out of pocket for collision and comprehensive coverage. If you have a low deductible, your premiums will increase. By raising your deductible, you could lower your premiums by hundreds of dollars annually. Frequently asked questions
Yes, New York is a . This means if you are involved in an accident in the state of New York, each driver must file a claim with the insurance company, no matter who is ruled at-fault. It also means you are required to carry personal injury protection (PIP) on your policy, along with the other minimum requirements.
To find the for your circumstances, you should review several key points among the various carriers. The financial strength, customer service ratings, quality of digital assets and coverage options are all important factors. Bankrate reviewed these points as well and found New York Central Mutual and USAA were all high-ranking.
While having the state minimum required amount of car insurance ensures that you are complying with state laws, it likely won’t be enough to cover damages if you were involved in an at-fault accident. Anything beyond your insurance limits would need to be paid out of pocket, which could be financially devastating. Most insurance professionals recommend buying higher liability limits and adding additional coverage, like comprehensive, collision and medical payments, for fuller financial protection. If you are considering purchasing minimum coverage because you don’t drive your car often, consider or . You could even speak with your insurance agent to see if your policy can be switched to a low-mileage alternative. Methodology
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. Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage. Written by June Sham Insurance Writer June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. 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.