Cheapest Car Insurance in New York

Kemper offers the most affordable minimum coverage for New York drivers at just $54 monthly and $646 annually. This rate is a significant saving compared to the average cost in the state. These rates are sourced from Quadrant Information Services and represent the most affordable options for New Yorkers as of December 2024. Read our research methodology to learn about how we found the cheapest New York car insurance.

Kemper is the cheapest car insurance company  in New York with average monthly rates of $74 for minimum and full coverage policies. This saves drivers $79 monthly compared to the New York state insurance cost average. New York ranks among the most expensive states for auto insurance, with an average monthly premium of $153.

Other cheap companies in New York include:

*We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

When searching for cheap car insurance in New York, your personal driving history, credit score, and policy needs all impact your premium costs. 

While Kemper offers the lowest overall rates for minimum liability and full coverage, specific situations may make other companies more affordable.  Progressive consistently offers the cheapest car insurance in New York for drivers with violations on their record, with rates for accidents as low as $61 monthly and speeding tickets at $63 monthly. For drivers with bad credit, GEICO provides the most affordable option at $127 monthly.

Read More: Cheapest Car Insurance

Kemper has cheap minimum liability coverage in New York at $54 per month, with Progressive, American Family and GEICO also providing affordable options for New York drivers. Use the table below to explore rates for similar companies offering the best minimum coverage and see how they compare to the monthly state average of $110.

Kemper is the cheapest provider for full coverage auto insurance in New York, with rates averaging $93 per month or $1,121 per year. This is $103 less than the state average. Check the table below for other provider options.

In New York, young adult drivers will find the cheapest rates from Kemper. A state minimum policy with Kemper averages $63 per month for 25-year-olds.

*We used minimum coverage for a 25-year old driver with good credit and no driving violations to determine the cheapest provider.

Young drivers in the New York can find affordable auto insurance options with companies like Kemper and Progressive. While premiums may vary based on factors like your driving record, the rates below offer a good starting point. Kemper provides the cheapest minimum coverage at $63 per month, while Progressive has the cheapest full coverage for $106 monthly and cheapest minimum coverage for high risk drivers with tickets or accident.

Read More: Cheapest Car Insurance for Young Drivers

Senior drivers can find the most affordable car insurance at Kemper with an average policy rate for  65-year-olds for $54 monthly for minimum coverage.

*We used minimum coverage for a 65-year old driver with good credit and no driving violations to determine the cheapest provider.

For senior drivers in the Empire State, Kemper and Progressive offer affordable rates tailored to different needs. While your quote may vary, use the table below to guide your car insurance shopping. Kemper offers minimum coverage at $54 monthly, while Progressive provides options for those with a DWI at $67.  Chubb has the lowest rate for senior drivers with bad credit at $67 per month.

Read More: Cheapest Car Insurance for Seniors

New York drivers with a DWI, at-fault accident or speeding ticket are considered high-risk by insurers and pay more for car insurance than those with a clean record. Depending on the offense, average premiums vary for high-risk drivers. Below are the best rates for drivers with a DWI, at-fault accident and speeding ticket.

New York technically doesn't use DUI but has DWIs. Progressive offers the best rates for New York drivers with DWIs, averaging $64 per month ($767 per year) for minimum coverage. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DWIs.

*We used a 40-year-old driver with good credit and a DWI on record to calculate these averages.

With rates averaging $61 per month ($732 per year), Progressive is the cheapest company for drivers after an at-fault accident. The table below shows other insurers offering affordable coverage for accident-prone drivers. Rates are for minimum coverage policies.

*We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

Progressive offers the cheapest insurance for New York drivers with a speeding ticket, with rates averaging $63 per month. Check the table below to compare providers offering minimum coverage for drivers with a speeding ticket.

*We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

Progressive is the cheapest car insurance provider for drivers with poor credit, offering rates of $63 monthly and $760 annually for minimum coverage. Review the table below for more options from other providers.

*These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Your location plays a big role in your car insurance rates. Rates can vary a lot within the same state, as cities differ in population, flood risks and crime.

For example, Kemper's monthly rate for minimum coverage in Buffalo is $39, while in New York City it's $80. Look below to find your city, the most affordable company and its lowest average monthly premium.

*The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

If you're looking to bundle home and auto insurance affordably in New York, Allstate offers a premium of $3,924. Check the table below for more cost-effective companies.

*Rates are for a 40 year old driver with good credit and no driving violations

In New York, the monthly average cost for full coverage car insurance is $196, while state minimum coverage runs about $110 per month. Understanding the average cost of car insurance in New York can help you spot if your insurer offers a fair price.

In New York, car insurance rates vary by city. See this table for average minimum and full coverage costs.

Under New York law, all drivers must carry car insurance policies meeting the state's minimum coverage limits. These limits include $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $10,000 for property damage per accident. Additionally, policies must cover $25,000 per person and $50,000 per accident for uninsured/underinsured motorists, as well as personal injury protection (PIP) of $50,000 per person.

While New York requires minimum liability insurance, these basic coverages may not provide enough financial protection in the event of a bad accident. For better security, we recommend purchasing full coverage car insurance with the following enhanced liability limits:

Recommended Liability Coverage Limits

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage liability per accident

These higher limits provide significantly better protection against expensive claims, lawsuits, and medical bills that could easily exceed New York's minimum requirements of $25,000/$50,000/$10,000.

Full Coverage: Important Additional Coverages Full coverage includes comprehensive and collision insurance, which protect your own vehicle:

• Comprehensive coverage protects against non-collision incidents including theft, vandalism, weather damage, falling objects, and animal collisions
• Collision coverage pays for repairs to your vehicle after an accident, regardless of fault

For Financed or Leased Vehicles 
Lenders and leasing companies typically require full coverage insurance until your loan is paid or lease ends. This protects their investment in your vehicle and is a non-negotiable part of most financing agreements.

When Liability-Only Makes Sense 
If you own your vehicle outright and it's older with a low market value (typically under $3,000), liability-only coverage might be sufficient. When the annual cost of comprehensive and collision coverage exceeds 10% of your car's value, the additional premium may not be worth the limited protection. However, in New York's high-risk driving environment, consider whether you could afford to replace your vehicle if it were totaled or stolen before dropping full coverage.

New York tops the list of most expensive states for car insurance with an average monthly premium of $153. This high cost stems from several specific factors:

Challenging Driving Conditions:

• Heavy urban congestion, especially in NYC
• Harsh winters and poor road infrastructure (D- rated)
• Vehicle theft rates 30% above national average

Dangerous roads

• Higher frequency of accidents and claims
• The deadliest roads in New York (2017-2019) include 3rd Avenue in Brooklyn (8 fatal crashes), Atlantic Avenue in Brooklyn/Queens (7 fatal crashes), and CR-93 in Islip (7 fatal crashes), with Suffolk County recording the highest number of traffic fatalities in the state (373 deaths).

Strict State Insurance Requirements:

• No-fault system requiring $50,000 Personal Injury Protection (PIP) per person
• Mandatory uninsured/underinsured motorist coverage of $25,000 per person/$50,000 per accident
• Liability minimums of $25,000/$50,000 for bodily injury and $10,000 for property damage
• Required death benefits of $50,000 per person and $100,000 per accident

In the Empire State, the most common alternative to traditional car insurance is a self-insurance certificate. This option lets you take on the financial risk yourself, satisfying New York's minimum coverage requirements.

For business owners, fleet insurance can cover multiple vehicles under one policy. This approach simplifies management and ensures all vehicles meet the state's insurance requirements.

Kemper has the cheapest car insurance in NY with full coverage at $93 per month and minimum coverage at $54 per month. While saving money is great, remember that the cheapest isn't always the best when it comes to car insurance. Experts recommend buying as much coverage as you can afford for the best protection while driving.

MoneyGeek helps you find affordable car insurance in New York by answering common questions. We focus on ensuring you get the right coverage for your needs. Explore options that fit your budget and protect you on the road.

MoneyGeek obtained New York auto insurance rates from the New York Department of Insurance and Quadrant Information Services. We examined 53,640 auto insurance quotes from 12 providers across 95 ZIP codes to determine the most affordable car insurance companies in New York.

New York Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in New York:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model and military service where specified.

Standard Coverage Levels in New York

We compared car insurance companies in New York that offer both minimum and full coverage policies. The minimum coverage liability limits in New York are:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per accident.
• $10,000 for property damage liability per accident.
• $25,000 uninsured motorist bodily injury per person
• $50,000 uninsured motorist bodily injury per accident
• N/A uninsured/Underinsured property damage coverage
• $50,000 personal injury protection (PIP) per person
• N/A personal injury protection (PIP) per accident
• N/A medical payments coverage
• $50,000 death liability per person
• $100,000 death liability per accident

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in New York

MoneyGeek analyzed the rates of insurance companies for a full-coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible