Compare the Cheapest Car Insurance Quotes in New York, NY

The average cost of car insurance in New York City is $4,103 per year. This rate is higher than the state average of $3,433 by $670. On average, the cheapest insurer that’s also widely available is GEICO, costing $2,161 per year. If you wish to purchase a car insurance policy that combines quality service and affordable costs, MoneyGeek recommends the best options based on various coverage amounts and driving histories.

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Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

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Last Updated: 5/16/2022
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GEICO averages the cheapest overall rates in New York and has the most affordable state minimum policy. Erie is the cheapest with a speeding ticket. For military families, USAA could be best. MoneyGeek ranked Travelers as the best company in New York for cost and service quality. Your best choice depends on elected coverage and profile.

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The Cheapest and Best Car Insurance in New York

The Cheapest Car Insurance Companies in New York

If you want a full coverage policy in New York, the following, on average, are the cheapest companies:

  • GEICO: $2,161 per year
  • Erie: $2,302 per year

If you’re a veteran or active military, USAA has a cheap full coverage policy at an average cost of $1,828 per year.

In New York, GEICO offers the cheapest, no restriction full coverage policy, costing approximately 298% less than The General, the most expensive company in the city at roughly $8,598 per year.

A full coverage policy has comprehensive and collision insurance. The amount of liability coverage you choose helps determine the annual cost.

Cheapest Car Insurance in New York
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    USAA
    $1,828
  • 2.
    GEICO
    $2,161
  • 3.
    Erie
    $2,302
  • 4.
    Allstate
    $2,591
  • 5.
    Progressive
    $2,723
  • 6.
    State Farm
    $2,766
  • 7.
    Nationwide
    $3,579
  • 8.
    Travelers
    $4,136
  • 9.
    New York Central Mutual Fire
    $4,597
  • 10.
    Esurance
    $5,771
  • 11.
    MetLife
    $5,911
  • 12.
    The General
    $8,598

MoneyGeek collected average rates for a 40-year-old male driver in New York with a full coverage policy, as our methodology explains.

A full coverage policy costs more than a minimum coverage policy because of its value; it includes liability and comprehensive and collision coverages, which handle damage to your car.

  • Comprehensive coverage: to cover non-accident damage and theft
  • Collision coverage: to cover your car repairs in an at-fault accident

For an older car, a full coverage policy may cost more than the car’s value. If so, minimum coverage or liability-only insurance may be better and cheaper.

Compare Car Insurance Rates in New York

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in New York for Minimum Coverage

In New York and elsewhere, your car insurance cost depends on the coverage amount you choose. There is a difference of roughly $1,372 between a minimum liability policy and a full coverage policy with higher liability limits. On average, a liability-only policy costs $2,732 per year, whereas full coverage costs $4,103.

Cheapest Minimum Liability Car Insurance in New York
State Minimum

New York requires an auto insurance policy with at least 25/50 bodily injury, $10,000 for property damage, 50/100 bodily injury for death, 25/50 uninsured motorist coverage, and PIP coverage of $50,000. This minimum coverage policy in New York is budget-friendly, but in an accident, you may pay out of pocket.

For example, the other party’s medical bills are $70,000, and the policy covers up to $50,000, so you pay the rest.

New York Minimum Liability Requirements

  • Item
    Description
  • 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.

Cheapest Car Insurance in New York if You Have Driving Violations

If you have a driving violation, like a DUI, speeding ticket or at-fault accident, it significantly increases your car insurance in New York. On average, the following companies in New York are the cheapest with a violation:

  • Cheapest after an at-fault accident: Erie, $3,211 per year
  • Cheapest after a speeding ticket: Erie, $2,585 per year
  • Cheapest after a DUI: State Farm, $3,049 per year

For drivers with a military background and driving violations like a DUI, speeding ticket or at-fault accident, USAA offers the cheapest rates in New York.

You can improve your bad driving record over time and get cheaper rates. For now, shop around and buy the policy that is the best deal.

Cheapest Car Insurance in New York With a Violation
Speeding Ticket

Average Cost of Car Insurance in New York

New York$4,103
New York$3,433
U.S.$1,424

In New York City, the average annual cost of car insurance is $4,103, which is much higher than both the New York state and the national average cost of car insurance. Drivers in New York City pay 19.5% more than the average annual cost of car insurance in New York State and 188.1% more than the national average.

Personalized Quotes to Get You the Cheapest Car Insurance in New York

When determining car insurance quotes in New York City, car insurance companies rely on several factors to evaluate the risk associated with the driver. These factors include age, gender, make and model of the vehicle and ZIP code, among others. For instance, in New York City, a GEICO policy for an 18-year-old driver is nearly four times more expensive than a policy for a 40-year-old driver. Regularly getting a personalized quote can help you find affordable coverage as your circumstances change.

Compare Car Insurance Rates in New York

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in New York

New York City drivers seeking to purchase car insurance coverage that incorporates a low cost and quality service can use MoneyGeek’s ranking of the best companies in the city to find an ideal provider.

MoneyGeek’s scoring system considered J.D. Power’s affordability, user satisfaction and financial stability ratings, among other factors, while ranking insurers in New York City out of 100. Based on these scores, the best insurance providers in the city for most drivers are:

  • Travelers: MoneyGeek score of 90 out of 100
  • State Farm: MoneyGeek score of 88 out of 100

USAA received the highest score in New York City by MoneyGeek's rating system. It is only available to military members, veterans and their families, and is the best insurer they could choose in New York.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
Travelers
Score:90

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

3
State Farm
Score:87.5

3/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

4
MetLife
Score:87.5

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

5
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

6
Allstate
Score:82.5

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

7
Nationwide
Score:80

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

8
Liberty Mutual
Score:80

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

9
Progressive
Score:77.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

Average Cost of Car Insurance by Postal Code

Where you live in New York can play a big role in how much your car insurance will cost, and that’s definitely true in New York City. For example, those living in the city’s most affordable neighborhood for car insurance — 10002 — will pay almost $2,000 less in annual car insurance premiums than drivers living in the 11230 neighborhood, the city’s most expensive ZIP code for auto coverage.

  • Zip Code
    State Minimumper year
  • 10002
    $3,048
  • 10025
    $3,381
  • 11373
    $3,728
  • 11368
    $3,873
  • 10467
    $4,095
  • 10456
    $4,699
  • 11226
    $4,994
  • 11230
    $5,008

Factors That Impact Insurance Costs in New York

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 New York. How New York ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities302nd/300
handcuffs2 icon
Most Car Thefts18th/300
uninsured icon
Most Uninsured Motorists by State50th/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall78th/300
umbrella icon
Most Rainy Days67th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for New York 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.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.