The average cost of car insurance in Buffalo is $1,646 per year, which is cheaper than the state average. The cheapest insurer for the average driver is Erie, but MoneyGeek also analyzed the cheapest options across various coverage levels and driver profiles. For those concerned with balancing costs with service, MoneyGeek also ranked the best companies in the city.
Compare the Cheapest Car Insurance Quotes in Buffalo, NY
The Cheapest and Best Car Insurance in Buffalo
The Cheapest Car Insurance Companies in Buffalo
In Buffalo, the companies with the cheapest average rates for a full coverage auto policy are:
- Erie: $931 annually
- USAA: $1,073 annually (only available for current and former military)
There is a wide range of insurance prices that car insurance companies in Buffalo offer. The most affordable, Erie, offers an average premium of $931 annually. The most expensive company, The General, offers an average premium nearly triple Erie's average.
MoneyGeek researched average insurance rates in Buffalo based on a sample driver profile. In this study, the driver is a 40-year-old male with a full coverage policy that includes both liability and comprehensive and collision insurance.
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Average Cost of Car Insurance in Buffalo
The average car insurance rates in Buffalo are 52% lower than the state average. New York, after all, has the second most expensive auto insurance premiums in the country. This state average, however, is heavily skewed by New York City car insurance data.
Compared to the rest of the country, Buffalo car insurance is slightly more expensive. Average prices in the city are about 15% higher than the country average.
The Best Car Insurance Companies in Buffalo
If you are a driver in Buffalo looking for a provider that balances affordability with quality service, MoneyGeek ranked the best companies in the city. According to MoneyGeek’s research, the best companies for most drivers are:
- Travelers: MoneyGeek score 90 out of 100
- State Farm: MoneyGeek score 88 out of 100
USAA received the highest score in Buffalo by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To calculate these final scores out of 100, MoneyGeek took into account various factors, including J.D. Power customer satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Buffalo
Car insurance rates are not static. Several factors affect auto insurance rates. Factors such as your driving record, car make and credit score will be considered by insurance companies to determine your risk factor. The more favorable your risk level is for the insurance company, the lower your premium will be.
Drivers with no previous driving offenses and who have good credit scores should expect a lower insurance rate.
Since individual factors change from time to time, getting a personalized quote regularly helps you determine if you're getting the best rate available to you. If you want cheap car insurance in Buffalo, check different auto insurance companies to compare their offers.
Shopping around for car insurance in Buffalo could save you $716, which is enough to buy:
Cheapest Car Insurance in Buffalo by Coverage Amount
In Buffalo and elsewhere, car insurance prices can depend on the coverage level drivers choose to buy. For example, a state minimum liability policy costs an average of $1,067 per year, while a full coverage policy with higher liability limits costs $1,646 on average. That is a difference of $579.
New York Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $10,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
- Personal Injury Protection$50,000 per person.
- Other$50,000 liability for death per person. $100,000 liability for death per accident.
The 25/50/10 minimum required by the state can be raised to include additional coverage options. Each car insurance company in Buffalo will offer different prices for those additional options.
The minimum also only insures against the damage you may cause in an accident. You may opt for full coverage, which includes collision and damage coverage for your car. Full coverage helps if you want your car to be insured beyond just accident-related damage (like for weather-related damage). This will also raise your car insurance costs. Always request a personalized quote so that you can compare rates to determine what option is most affordable for you.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Buffalo if You Have Driving Violations
A clean driving record helps your insurance costs stay low. Previous offenses will raise these costs based on the severity of the offense. In Buffalo, drivers who have auto insurance with Erie will play an average of $931 if they have no violations. If that same driver gets a DUI, their rate with Erie will rise to $1,587.
Lesser violations can also affect a person's auto insurance premium. Drivers in Buffalo who have auto insurance with Erie will see their premiums rise for speeding tickets and at-fault accidents. An Erie policyholder who gets a speeding ticket may see their insurance raise from $931 to $1,050. Or, if that same driver causes an accident, their insurance may rise from $931 to $1,321.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 5.New York Central Mutual Fire$1,679$1,679$2,087
Average Cost of Car Insurance by Postal Code
Your ZIP code also affects your car insurance premiums and helps insurance companies determine the risks that you and your car may face. People living in high-risk ZIP codes should expect to pay more for their premiums. The difference between the most expensive and the most affordable ZIP code in the city is $584. Buffalo's 14221 ZIP code is the most affordable in the city: $1,445. People living in the 14215 ZIP code area will pay the most in the city — $2,029 on average.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Buffalo
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the rate of car thefts also contribute to car insurance rates in Buffalo. How Buffalo ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Buffalo are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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