The Cheapest Car Insurance in New York for 2022

The cheapest car insurance in New York is from GEICO, where a minimum coverage annual policy costs $961.

MoneyGeek gathered car insurance rates in New York to help you choose the most affordable option for your driver profile. For instance, State Farm is your cheapest bet if you have a DUI. By comparing quotes, drivers in New York could save an astounding $4,753 on their car insurance premiums.

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Last Updated: 12/1/2022
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For those searching for rates specific to where they live, MoneyGeek broke down the cheapest companies in New York by city. If you’re looking to balance customer service and cost, MoneyGeek also checked the best car insurance companies in New York.

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Methodology

Why Trust MoneyGeek? New York car insurance rates in this study are based on our analysis of data and information from the New York Department of Insurance and Quadrant Information Services.

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These rates were updated in August 2022 to reflect how car insurance rates in New York have changed up to this month.

3,312

Quotes Analyzed

 
9

Companies Compared

 
23

ZIP Codes

Cheapest Minimum Liability Car Insurance in New York

The cheapest car insurance in New York is a minimum coverage policy that meets the state's car insurance requirements. If you get involved in an accident or cause an accident, this liability-only insurance just covers the other party's medical and repair costs, excluding your expenses.

On average, the cheapest car insurance companies in New York for minimum coverage are:

  • GEICO: $961 per year
  • Eerie: $997 per year

If you or a family member qualifies for USAA insurance, you'll pay approximately $793 per year. On the other hand, The General is the most expensive insurer for minimum coverage, which charges around $4,708 per year.

CHEAPEST MINIMUM CAR INSURANCE IN NEW YORK

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These prices are only estimates based on rates for an average New York driver and should not be used to compare insurance prices.

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Cheapest Full Coverage Car Insurance in New York

A full coverage policy costs more than the minimum coverage, but it includes higher liability limits and comprehensive and collision insurance. These features protect you against most on- and off-road incidents in New York. This policy also safeguards you from the cost of damages to your car, not just others. Ideally, it's best to compare different auto insurance quotes to save money.

On average, the most affordable full coverage car insurance providers in New York are:

  • GEICO: $1,642 per year
  • Eerie: $1,696 per year

USAA is the most affordable option. That costs roughly $1,427 per year, but it's only available to military members, their families and veterans. The General charges the most for full coverage car insurance in New York at an average of $6,180 per year.

CHEAPEST FULL COVERAGE CAR INSURANCE IN NEW YORK

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Please keep in mind that your individual premiums will be different than these examples. Costs are for a policy with comprehensive and collision insurance, $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident.

How to Compare Cheap New York Car Insurance Quotes Online

You can easily get accurate online car insurance quotes on most companies’ websites. While comparing quotes, be sure to get the rates for consistent limits. For example, if you get a quote with one insurer for $50,000 in bodily liability insurance per accident, you should make sure to use the same number when obtaining rates from another carrier.

Use MoneyGeek’s car insurance calculator to get a quote estimate for your car insurance. If you want a personalized quote, you’ll need to provide personal information. The three cheapest car insurance firms in New York are USAA, GEICO and Erie, and you can start your policy search with these providers.

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Cheapest Car Insurance in New York for Young Drivers

As young drivers navigate life, they may incur some challenges while driving. Hence, young drivers in New York pay more for car insurance. On average, the cheapest car insurance policy for a 16-year-old in New York costs $5,587 per year. A 25-year-old pays less, at an annual average of $2,143.

In most situations, GEICO is the cheapest car insurance company for young drivers in New York aged between 16 and 25. However, Allstate is the cheapest option for drivers who are 17 years of age.

ANNUAL CAR INSURANCE IN NEW YORK FOR YOUNG DRIVERS

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  • Age
    Average Cost
    Cheapest Company
    Company Cost
  • $2,143
    GEICO
    $1,526
  • $2,534
    GEICO
    $1,785
  • $2,691
    GEICO
    $1,863
  • $2,979
    GEICO
    $2,291
  • $3,160
    GEICO
    $2,415
  • $3,964
    GEICO
    $2,833
  • $4,423
    GEICO
    $3,616
  • $4,772
    GEICO
    $4,065
  • $6,491
    Allstate
    $4,639
  • $5,587
    GEICO
    $5,115

Young drivers could get charged higher premiums because of inexperience. Different insurance providers offer discounts for young adults taking defensive driving classes or for having good grades. Shopping around and comparing quotes is the best way to find the right cheap car insurance in New York.

With GEICO, the average annual premium for a 16-year-old is $5,115, while a 25-year-old will pay around $1,526.

Cheapest Car Insurance in New York for Seniors

Insurance companies charge seniors more than young adults and middle-aged drivers. A senior in New York pays an annual average of $3,483 for their car insurance. It is significantly higher than an average non-senior adult who pays $3,020 annually.

The most affordable car insurance providers in New York for senior drivers with full coverage are, on average:

  • Eerie: $1,831 per year
  • GEICO: $1,899 per year

USAA provides an annual rate of $1,678 for seniors in New York. However, this is exclusive to military members and their families. Esurance is the most expensive, costing around $5,538 annually.

CHEAPEST CAR INSURANCE RATES FOR SENIORS

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Seniors could pay higher car insurance rates because of their vision and slow reaction time. Take the opportunity to get discounts for seniors by taking safe driving courses, lowering the annual mileage or driving vehicles with unique safety features.

Browse rates from different insurers to compare their rates. Finding an insurer to satisfy your needs while saving money is best and could help you save up to $3,707 annually.

Cheapest Car Insurance for Drivers With Tickets in New York

A minor driving offense, such as a ticket, affects your car insurance rates. In New York, drivers with a speeding ticket pay around $751 more per year on average for their auto insurance coverage.

On average, the cheapest car insurance for drivers with tickets and full coverage in New York are:

  • Eerie: $1,905 per year
  • GEICO: $2,318 per year

USAA is the most affordable insurance option for a New York driver, with tickets for military members and their families. They charge $1,547 per year. At roughly $8,703, The General is the most expensive option for drivers in New York with tickets.

AVERAGE CAR INSURANCE RATES WITH A TICKET

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The CDC says that using a cell phone behind the wheel is the worst type of distracted driving, but distracted driving also includes people who are eating, fiddling with their GPS, changing radio stations or doing anything other than focusing on the road while they drive. If you receive a ticket for distracted driving or speeding, that will increase your insurance rates, as you can see in the chart below.

There are some insurance companies that will allow you to avoid a rate increase by taking a safe driving course, but this isn’t a guarantee, so check with your insurance company if you receive a ticket while driving. A ticket will stay on your record in New York for three years. If you earn 11 or more points on your driving record in an 18 month period, your license will be suspended, so drive carefully.

Cheapest Car Insurance for Drivers With a DUI in New York

New York drivers with a severe driving violation in their history, such as driving under the influence (DUI), are considered “high risk” by insurance companies. Hence, they get charged more insurance premiums.

On average, the cheapest full coverage car insurance providers for drivers with a DUI in New York are:

  • State Farm: $2,406 per year
  • Progressive: $2,407 per year

For current and former military members, USAA offers coverage for $2,324 per year. The most expensive option is The General, costing around $8,703 annually.

AVERAGE CAR INSURANCE RATES WITH A DUI

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Driving while intoxicated (DWI) is a severe offense in New York that may cost you a lot of money. To reduce your expenses after a DUI, it's best to shop around and compare quotes from different insurance providers in New York. It will help you find the right provider that fits your budget and could save you up to $6,297 annually.

Cheapest in New York for Drivers With an At-Fault Accident

In New York, an at-fault accident on your record significantly increases the cost of your car insurance. A driver with an at-fault accident will pay approximately $4,639 per year for car insurance.

On average, the most affordable car insurance providers in New York for drivers with at-fault accidents are:

  • Eerie: $2,371 per year
  • Allstate: $2,458 per year

USAA is the most affordable option in New York for military members and their families if there’s an at-fault accident on record. They charge $1,781 per year. With an average rate of $8,159 annually, The General is the most expensive option in New York.

CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT

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Cheapest Car Insurance in New York for Drivers With Bad Credit

One of the best things about having a good credit score is lower car insurance rates. Drivers with poor credit in New York must pay an average annual cost of $9,359 for their auto insurance policy. This is more than triple what a driver with good credit pays.

On average, the most affordable car insurance companies in New York for drivers with poor credit and full coverage are:

  • GEICO: $2,587 per year
  • Nationwide: $2,693 per year

USAA offers a competitive rate for drivers with poor credit in New York for military members and their families. They charge an annual rate of $2,629. The most expensive option is Erie, with average rates of $8,965 annually.

CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT

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A poor credit score in New York can result in higher insurance rates since providers see a low score as a higher risk to insure.

If you want to save money on your car insurance premiums, comparison shopping can help. You could save up to $6,378 annually. In addition, improving your credit score also provides an opportunity to get lower insurance premiums.

Cheapest Car Insurance in New York for Military Drivers

The most affordable auto insurance provider in New York is USAA. However, this company only insures active-duty military members, veterans and their families. They offer exclusive benefits and policies uniquely tailored to the needs of this demographic.

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MoneyGeek Top Pick
USAA
  • Average annual rate: $793
  • Ranks cheapest out of 11 insurers

With policies costing an average of $793 per year, USAA is the cheapest auto insurer in New York. USAA offers a wide range of discounts to eligible policyholders for even greater savings. When you bundle with other insurance policies, take a driver safety course, maintain a clean driving record or insure more than one vehicle, you can lower your rates and make your insurance more affordable through USAA.

Cheapest Car Insurance in New York by City

Car insurance rates in New York State can vary widely depending on where you live. Yonkers, with an average rate of $2,588 per year, is the most expensive city for car insurance in New York, while Rochester is the cheapest with an average rate of $1,166 yearly. These rates are based on a full coverage policy.

Click on your city to find out more about car insurance costs in your area.

AVERAGE INSURANCE RATE BY CITY IN NEW YORK

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Car Insurance in New York: What You Need to Know

Regardless of how much you drive in New York, if you want to register a vehicle in the state, you need car insurance.

New York Insurance Requirements

Under state law, car insurance providers must issue two original insurance ID cards or give you digital ID cards. You need to show either your printed/digital ID in these scenarios:

  • A police officer asks for it
  • Involvement in a car accident
  • Registration or renewal of your vehicle

Every state has its minimum liability insurance requirements. In New York, drivers must have:

  • $10,000 for property damage
  • $25,000 for bodily injury to a single person
  • $50,000 for the death of a single person
  • $50,000 for bodily injury per accident
  • $100,000 for the deaths per accident

New York doesn't have a particular state program for providing cheap car insurance to low-income drivers. However, the New York Automobile Insurance Plan (NYAIP) caters to drivers who can't get car insurance coverage, perhaps because they have a poor driving record or too many claims. The NYAIP helps these drivers get coverage.

New York law requires only minimum levels of liability car insurance. Experts recommend you cover up to $100,000 in injury liability per person and $300,000 per accident.

Remember that New York is a no-fault car insurance state. This means that whoever was at fault in an accident, each auto insurance policy will pay for up to $50,000 in crash-related costs. But, buying personal injury protection (PIP) coverage increases that no-fault limit to $100,000 or more.

FAQs About Car Insurance in New York

Consumers in New York have questions about which car insurance policy to buy and how much it costs. Here are the answers to help drivers make an informed coverage decision.

Expert Advice on Finding Cheap Car Insurance in New York

To help you find credible and accurate insight on car insurance in New York, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in New York should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in New York take to find affordable car insurance?
  3. How do regulations and rules in New York impact insurance pricing and how consumers might shop for coverage?
  4. What resources does the New York Department of Insurance have for consumers?
Mitchell Langbert
Mitchell Langbert

Associate Professor of Business Management at Brooklyn College

Aron Tobias
Aron Tobias

Assistant Professor of Economics at Syracuse University

Angelo DeCandia
Angelo DeCandia

Professor of Business at Touro College

Steven Gattuso
Steven Gattuso

Assistant Professor of Economics & Finance at Canisius College

Mary-Jo Kranacher
Mary-Jo Kranacher

ACFE Endowed Professor of Fraud Examination at York College, CUNY

Dr. Sahar Milani
Dr. Sahar Milani

Associate Professor of Economics at St. Lawrence University

Kathryn Aquino
Kathryn Aquino

COO at Alpha/Omega Coverage Corp

Anthony j. Vlachos, ChFC, CIC, CRM, CyRM
Anthony j. Vlachos, ChFC, CIC, CRM, CyRM

Managing Partner & Co-Founder at WizdomOne Group

About the Author


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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.


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