Drivers in New York City — including teens, young adults, seniors, members of the military and owners of sports cars — can get the cheapest auto insurance with Kemper. It is also the most affordable for those with violations on their records, alongside Progressive. GEICO is the cheapest for drivers with poor credit. The most affordable choice depends on your particular driving preferences and needs.
If good quality and excellent pricing are your main concerns, we also evaluated the best auto insurance in New York City.
Cheapest Car Insurance in New York, NY
Cheapest Minimum Coverage Car Insurance in New York
The following companies offer the most affordable minimum coverage auto insurance in New York City:
- Kemper: $678 per year
- American Family: $899 per year
Kemper also offers the cheapest car insurance in the state of New York, at $518 annually for minimum coverage, slightly less than its average premium in the city. Mercury has the most expensive minimum coverage, at $4,251 per year.
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New York has the following minimum auto insurance requirements:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $50,000 liability for death per person
- $100,000 liability for death per accident
- $10,000 property damage coverage per accident
- $25,000 bodily injury liability per person (uninsured motorist)
- $50,000 bodily injury liability per accident (uninsured motorist)
- $50,000 personal injury protection
This minimum coverage policy will only cover up to $50,000 per accident of bodily injury to others, regardless of the number of people injured. However, if only one person is injured, the limit is $25,000, so if the person’s medical costs are $40,000, the policy will only pay $25,000, and the policyholder must pay the rest.
Cheapest Full Coverage Car Insurance in New York
The following providers offer the cheapest full coverage auto insurance in New York City:
- Kemper: $1,162 per year
- Progressive: $1,405 per year
Kemper also offers the most affordable car insurance in the state of New York, with prices for full coverage starting at $882 annually. Kemper’s New York City policies cost more than the company’s average rate in the state.
Mercury provides the most expensive full coverage in the city, with annual premiums beginning at a whopping $7,815.
Full coverage policies include comprehensive and collision insurance. If your car is damaged without full coverage insurance, you may have to pay a sizable sum out of pocket.
- Comprehensive insurance: Covers a wide range of damages, including those caused by theft or weather.
- Collision insurance: Covers repair or replacement costs if your car hits another vehicle or object.
Full coverage insurance provides added financial protection. However, if your vehicle is old, a full coverage policy could cost more than the car is worth.
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Cheaper insurers could pocket you hundreds of dollars per year.
Cheapest Car Insurance in New York After a Driving Offense
The following companies offer the most affordable car insurance in New York City if you have a driving violation:
- Speeding ticket: Kemper ($1,450 per year)
- At-fault accident: Progressive ($1,405 per year)
- DWI: Progressive ($1,478 per year)
Mercury has the highest yearly rate in the city after a speeding ticket ($9,610), at-fault accident ($8,347) and DWI ($10,063). Even relatively low insurance premiums can increase as a result of traffic violations.
The violation’s severity determines how much your insurance premium will increase. In New York City, rates will increase by an average of $429 after a speeding ticket and $1,527 after a DWI.
You can still find the cheapest car insurance despite having a poor driving record.
Cheapest Car Insurance in New York for Teens and Their Families
The following companies provide the most inexpensive car insurance in New York City for teen drivers on a family policy:
- Kemper: $2,068 per year for female teens; $2,148 per year for male teens
- GEICO: $3,641 per year for female teens
- Progressive: $4,351 per year for male teens
The above prices reflect what the teen pays and not the total cost of the family policy.
Because they are riskier, male teens often pay more than female teens for car insurance. Travelers charges $9,643 to insure female teenagers and $11,310 to insure male teenagers, the highest rates in the city. This is an example of how premiums vary, so always compare quotes to find the best offers.
Buying a separate insurance policy for a teen costs more than adding them to an existing policy. For instance, families in New York City can save an average of $3,359 by adding a teen driver who has a full driver's license to their family policy. For further savings, explore and research the most affordable teen car insurance.
New York City has very strict laws and policies for teen drivers. At age 16, a teen may apply for a learner's permit, which restricts when and who can supervise them when they drive a vehicle. After six months with the permit, they can apply for a junior license, but even if they fulfill and pass the requirements, they won't be able to drive in New York City — only in other areas of the state and with restrictions.
At the age of 17, after completing a certified driver's education course, a teen can apply for a full driver's license in New York City. If they have not completed the course, they must wait to apply until they turn 18.
In many cases, it makes more sense for a teen to wait until they turn 18 to apply for a driver's license if they live or must drive in New York City. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Cheapest Car Insurance in New York for Military Drivers
Military personnel, veterans and their dependents can purchase full coverage auto insurance in New York City at the most affordable rates from the following companies:
- Kemper: $1,162 per year
- Progressive: $1,405 per year
USAA, which caters to military-affiliated drivers, is the fourth-most affordable provider in the city, at $1,736 a year.
Kemper is also the cheapest option at $678 a year if you only want to purchase minimum coverage auto insurance in New York City.
Another option to save on car insurance for military community members is with GEICO. It has military-specific discounts that may save you a great deal of money on your auto policy in New York City.
How to Compare Cheap New York Car Insurance Quotes Online
Getting an online insurance quote can take 15 minutes or longer, depending on how much information the company requires. MoneyGeek's car insurance calculator gives you quick rate estimates when you enter your age, driving record, preferred coverage and car model.
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See how the Average Annual Auto Insurance Rates vary with the options chosen.
Cheapest Car Insurance in New York for Young Adults
The following emerged as the most affordable insurers for drivers in their 20s looking for full coverage car in New York City:
- Kemper: $1,400 per year
- Progressive: $1,557 per year
Hanover has the most expensive insurance in the city for young adults, charging roughly $8,414 for full coverage. New York drivers in their 20s pay an average of $516 more for car insurance than middle-aged customers because they are viewed as riskier drivers.
Cheapest Car Insurance in New York for Seniors
The following companies provide the most affordable car insurance rates for seniors in New York City:
- Kemper: $1,084 per year
- Progressive: $1,436 per year
Mercury offers the most expensive auto insurance in the city for seniors, with an annual premium of $8,505. In New York City, drivers in their 60s pay $123 more monthly than those in their 40s since age-related problems are more likely to cause accidents.
Cheapest Car Insurance in New York for Poor Credit
The companies providing the most affordable auto insurance rates in New York City for motorists with bad credit are:
- GEICO: $3,101 per year
- Kemper: $3,187 per year
Drivers with poor credit pay higher car insurance rates. With a staggering $640,328 yearly premium, Hanover offers the most expensive coverage in New York City for drivers with bad credit. The second most expensive carrier is Mercury, at $17,572 per year. A driver with a credit rating of over 750 should anticipate paying $69,740 less for auto insurance than a driver with a lower credit score.
Actuarial studies have found that drivers with low credit scores are more likely to submit claims, so companies charge them higher rates. If you have bad credit, you can reduce your insurance premium by taking advantage of popular discounts, such as bundling policies, and reviewing rates from various companies. You can also work to increase your credit score over time.
Cheapest Car Insurance in New York for Sports Cars
Sports car owners in New York City can get the cheapest auto insurance rates from the following providers:
- Kemper: $1,167 per year
- American Family: $1,363 per year
Chubb charges a yearly premium of $3,421, offering the most expensive insurance for sports auto drivers in New York City. Insuring a sports car in the city costs an average of $843 more per year than insuring a Toyota Camry LE.
Luxury, electric and sports cars are typically the costliest to insure. We used a Ford Mustang to obtain insurance rates for sports cars, but pricing can vary depending on the car model.
Average Cost of Car Insurance in New York
Location is one of many factors that influence insurance rates. New York City’s average annual car insurance rate is $2,843, higher than the state of New York’s average cost ($2,028) and the national average cost ($1,265). Full coverage insurance includes $100,000 bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.
About Mark Fitzpatrick