bestauto insuranceNew YorkCompare the Cheapest Car Insurance Quotes in New York, NY
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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.
bestauto insuranceNew YorkThe 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
- Company100/300/100per year
- 1.$1,828
- 2.$2,161
- 3.$2,302
- 4.$2,591
- 5.$2,723
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.
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
- CompanyState Minimumper year
- 1.$1,015
- 2.$1,270
- 3.$1,339
- 4.$1,455
- 5.$1,846
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
- ItemDescription
- 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
- CompanySpeeding Ticketper year
- 1.$1,983
- 2.$2,585
- 3.$3,049
- 4.$3,052
- 5.$3,185
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.
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 New York 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
Erie
Score:94
2
GEICO
Score:91
3
State Farm
Score:90
4
Allstate
Score:90
5
Progressive
Score:83
6
Nationwide
Score:83
7
Travelers
Score:81
8
Esurance
Score:59
9
New York Central Mutual Fire
Score:54
10
MetLife
Score:35
11
The General
Score:17
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 CodeState Minimumper year
- 10002$3,048
- 10025$3,381
- 11373$3,728
- 11368$3,873
- 10467$4,095
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.
About Mark Fitzpatrick
