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Kemper is the cheapest insurer for both minimum and full coverage car insurance policies. It is also the most affordable option for young adults, seniors, military drivers and those with poor credit and sports cars. Progressive offers the lowest rates for drivers with speeding tickets.

MoneyGeek also has recommendations for the best car insurance in New York if you’re looking for options that balance cost and quality service.

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2023

Cheapest Car Insurance New York (April 2023)

Cheapest Minimum Liability Car Insurance in New York (April 2023)

MoneyGeek found that the cheapest car insurance for a minimum coverage policy are:

  • Kemper: $518 per year
  • Progressive: $688 per year

Hanover is the most expensive car insurance company for minimum coverage, at an average annual cost of $2,102.

The state law’s minimum insurance requirements only cover bodily injury liability, property damage liability, liability for death, uninsured motorist coverage and personal injury protection.

Company
Annual Premium
Monthly Premium

Kemper

$518

$43

Kemper

$523

$44

Kemper

$602

$50

Progressive

$688

$57

Progressive

$709

$59

American Family

$721

$60

Progressive

$730

$61

American Family

$774

$65

A minimum coverage policy only covers the cost of injuries or damages that you cause to others, not damages to your vehicle. A full coverage policy that has comprehensive and collision insurance can give you more protection that takes care of any damages to your vehicle.

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Cheapest Full Coverage Car Insurance in New York (April 2023)

Based on MoneyGeek’s study, the cheapest full coverage car insurance providers are:

  • Kemper: $882 per year
  • Progressive: $1,079 per year

Hanover charges the most expensive rates for full coverage, at roughly $3,811 per year.

Adding comprehensive and collision coverage to your policy increases the cost of your annual premium. For instance, Kemper’s full coverage option is more expensive by $364 more than its minimum coverage option.

Full coverage car insurance is more expensive, but it also offers better financial protection. It covers damages due to on-road accidents (hitting an object or another vehicle) and off-road incidents (storm damage, flooding, theft or vandalism).

Company
Annual Premium
Monthly Premium

Kemper

$518

$43

Kemper

$523

$44

Kemper

$602

$50

Progressive

$688

$57

Progressive

$709

$59

American Family

$721

$60

Progressive

$730

$61

American Family

$774

$65

How much car insurance you need has a significant impact on your rates.

MoneyGeek’s sample full coverage policy includes the following liability limits:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident

If you’re looking to save on your policy, lowering your liability limits, dropping your comprehensive and collision coverage or raising your deductible may help you get cheaper rates. However, you’ll also face higher out-of-pocket costs if you get into an accident.

How to Compare Cheap New York Car Insurance Quotes Online

Most auto insurance companies provide quotes online, but it can take up to 15 minutes to input the personal details that are required. If you’re comparing multiple companies, this can add up over time.

MoneyGeek’s car insurance calculator makes comparing rates a breeze. You can get a quick estimate that is customized to your personal driver profile without having to provide specific personal information. Use the estimates that are generated by our free online tool to find the cheapest car insurance based on your age, gender and driving record.

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Cheapest Car Insurance in New York for Teens and Their Families (April 2023)

Teen drivers on their parent’s policy will find the cheapest car insurance rates from:

  • Kemper: $1,516 per year for male teens and $1,461 per year for female teens
  • Progressive: $2,981 per year for male teens GEICO: $2,625 per year for female teens

Travelers is the most expensive insurer for teens, with average rates of $8,283 and $6,977 for male and female drivers, respectively.

A teen can enjoy declining car insurance rates, specifically during the teenage years, with 19-year-olds getting the cheapest premiums. New York's most affordable car insurer for 19-year-old males is Kemper ($1,311 per year).

Insurers typically charge lower premiums if a teen driver is added to a parent’s policy than if they buy a separate policy. For instance, the average 16-year-old male driver in New York might have to pay roughly $7,621 per year if they buy their own policy. This rate is reduced to around $4,262 if they’re added to a parent’s policy. That’s $3,359 in savings.

Company
Family Plan Annual Premium
Individual Plan Annual Premium

Kemper

$637

$1,007

Kemper

$696

$972

Kemper

$941

$1,487

Kemper

$963

$1,711

Kemper

$972

$1,357

Kemper

$973

$1,359

Kemper

$979

$2,079

Kemper

$985

$3,133

Kemper

$996

$1,574

Kemper

$1,084

$1,925

Kemper

$1,091

$1,523

Kemper

$1,101

$3,893

Progressive

$1,110

$1,122

Kemper

$1,131

$2,402

Progressive

$1,141

$1,093

Kemper

$1,142

$1,806

Kemper

$1,197

$3,807

Kemper

$1,222

$2,169

GEICO

$1,234

$1,599

Progressive

$1,246

$1,259

Progressive

$1,249

$1,196

Kemper

$1,291

$4,567

GEICO

$1,301

$1,690

Kemper

$1,311

$2,784

GEICO

$1,362

$1,766

Progressive

$1,367

$1,310

Progressive

$1,370

$1,385

GEICO

$1,387

$1,797

State Farm

$1,407

$1,771

Progressive

$1,414

$1,508

Kemper

$1,461

$4,644

GEICO

$1,501

$2,097

Progressive

$1,506

$1,443

Kemper

$1,516

$5,363

State Farm

$1,533

$1,930

Progressive

$1,536

$1,553

GEICO

$1,587

$2,063

Progressive

$1,596

$1,703

State Farm

$1,599

$2,013

GEICO

$1,614

$2,091

GEICO

$1,644

$2,137

Allstate

$1,711

$2,441

GEICO

$1,731

$3,866

State Farm

$1,741

$2,192

Allstate

$1,758

$5,142

GEICO

$1,820

$2,553

Allstate

$1,857

$1,873

GEICO

$1,857

$3,007

Progressive

$1,918

$2,045

Allstate

$1,929

$1,945

State Farm

$1,966

$1,816

GEICO

$2,036

$4,547

Allstate

$2,063

$1,797

Allstate

$2,064

$2,609

GEICO

$2,080

$2,918

GEICO

$2,107

$2,738

Allstate

$2,119

$2,137

Allstate

$2,168

$3,092

Progressive

$2,174

$2,320

Allstate

$2,218

$1,932

GEICO

$2,221

$3,600

State Farm

$2,233

$2,341

Progressive

$2,267

$3,189

GEICO

$2,295

$6,983

State Farm

$2,335

$2,157

Allstate

$2,363

$5,479

Allstate

$2,373

$2,394

Allstate

$2,374

$6,943

Progressive

$2,406

$3,418

Allstate

$2,433

$2,119

State Farm

$2,513

$2,321

Progressive

$2,560

$2,729

Allstate

$2,611

$3,725

GEICO

$2,625

$5,862

State Farm

$2,639

$2,768

Progressive

$2,652

$2,830

Allstate

$2,666

$2,322

Progressive

$2,681

$3,772

State Farm

$2,689

$2,484

Progressive

$2,708

$3,811

GEICO

$2,752

$8,378

State Farm

$2,765

$2,630

Allstate

$2,800

$3,540

Travelers

$2,856

$2,806

Travelers

$2,869

$2,818

State Farm

$2,912

$3,055

Travelers

$2,940

$2,889

Progressive

$2,951

$4,192

Travelers

$2,955

$2,903

Progressive

$2,981

$4,234

Allstate

$3,001

$3,794

Travelers

$3,033

$2,980

GEICO

$3,057

$4,961

Travelers

$3,109

$3,055

Allstate

$3,136

$7,274

Travelers

$3,172

$3,116

Travelers

$3,215

$3,337

Allstate

$3,245

$9,493

Travelers

$3,355

$3,297

Travelers

$3,429

$3,590

GEICO

$3,551

$10,811

Allstate

$3,593

$8,334

Travelers

$3,603

$3,739

State Farm

$3,608

$3,432

State Farm

$3,752

$3,569

Travelers

$3,931

$4,116

State Farm

$4,007

$4,042

Travelers

$4,092

$4,247

State Farm

$4,267

$4,304

State Farm

$4,442

$4,926

Travelers

$4,526

$5,741

Travelers

$4,564

$4,779

State Farm

$4,615

$4,655

State Farm

$4,738

$5,255

Travelers

$5,111

$6,611

Travelers

$5,317

$6,745

State Farm

$5,648

$6,265

Travelers

$6,147

$7,952

Travelers

$6,977

$8,852

Travelers

$8,283

$10,716

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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

Many insurance companies offer discounts for young drivers. Based on our study of the cheapest insurers, Allstate, Progressive and Travelers provide discounts to students who live away from home and those who earn a high academic standing. GEICO, Kemper and State Farm only provide discounts to students with good grades.

Cheapest Car Insurance in New York for Young Adults (April 2023)

The cheapest car insurance providers for drivers in their 20s are:

  • Kemper: $1,115 per year
  • Progressive: $1,201 per year

Hanover is the most expensive insurer for young adults, with a full coverage policy priced at $4,920 per year, on average.

Generally, drivers in their 20s are charged higher rates compared with middle-aged drivers. For example, a full coverage policy from the cheapest insurer, Kemper, costs $233 more for a 25-year-old driver than a 40-year-old driver.

Company
Annual Premium
Monthly Premium

Kemper

$518

$43

Kemper

$523

$44

Kemper

$602

$50

Progressive

$688

$57

Progressive

$709

$59

American Family

$721

$60

Progressive

$730

$61

American Family

$774

$65

Cheapest Car Insurance in New York for Seniors (April 2023)

In New York, the cheapest car insurance providers for senior drivers are:

  • Kemper: $864 per year
  • Progressive: $1,092 per year

Hanover is the most expensive insurance provider for seniors, with a full coverage policy costing approximately $4,267 per year.

Seniors pay slightly less than middle-aged drivers. A 65-year-old driver in New York pays around $864 per year for a full coverage policy from Kemper, whereas a 40-year-old pays $882 per year for the same policy.

Insurance rates tend to increase as drivers reach their 70s and 80s. Age-related physical limitations, particularly poorer eyesight and slower reflexes, can make senior drivers more prone to road accidents, so insurers charge them more.

Company
Annual Premium
Monthly Premium

Kemper

$518

$43

Kemper

$523

$44

Kemper

$602

$50

Progressive

$688

$57

Progressive

$709

$59

American Family

$721

$60

Progressive

$730

$61

American Family

$774

$65

Kemper, American Family, GEICO, Allstate and Mercury provide discounts for drivers who are 65 and older. To save the most money, you should compare multiple insurers to find out which companies offer the best rates, since age is just one of several factors that are used to calculate your premium cost.

Cheapest Car Insurance in New York After a Ticket, Accident or DUI (April 2023)

The most affordable insurer in New York for drivers with tickets, at-fault accidents, and DUI cases is Progressive.

Following a traffic violation, you might notice a significant increase in the cost of your annual premium. Insurers do this to compensate for the possible costs of bodily injury, property damage and death while you’re on the road.

CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest after a ticket: Progressive ($1,120 per year)
Cheapest after an accident: Progressive ($1,079 per year)
Cheapest after a DUI: Progressive ($1,132 per year)

Cheapest Car Insurance in New York After a Ticket

In New York, drivers with a speeding ticket will get the cheapest premium for a full coverage policy from the following providers:

  • Progressive: $1,079 per year
  • Kemper: $1,275 per year

Hanover is the most expensive option at $3,811 per year.

After getting a ticket, you might pay around $278 more for your car insurance.

Company
Annual Premium
Monthly Premium

Kemper

$623

$52

Kemper

$646

$54

Progressive

$715

$60

Kemper

$733

$61

Progressive

$738

$61

American Family

$739

$62

Progressive

$759

$63

American Family

$802

$67

Cheapest Car Insurance in New York After an Accident

Drivers with at-fault accidents in New York will get the most affordable full coverage car insurance policies from the following providers:

  • Progressive: $1,079 per year
  • Kemper: $1,275 per year

Hanover has the highest rates at approximately $3,811 per year.

Based on our calculations, being at fault in a car accident could increase your annual premium by $208.

Company
Annual Premium
Monthly Premium

Progressive

$688

$57

Progressive

$709

$59

Kemper

$716

$60

Progressive

$730

$61

Kemper

$747

$62

Kemper

$853

$71

American Family

$916

$76

Erie

$972

$81

Cheapest Car Insurance in New York After a DUI

The following companies have the cheapest rates for full coverage car insurance if you have a DUI on your driving record:

  • Progressive: $1,132 per year
  • Kemper: $1,316 per year

With an average annual premium of $5,525, Chubb is the most expensive option for New Yorkers with a DUI.

We also found that a DUI could raise your annual premium by an average of $1,083.

Company
Annual Premium
Monthly Premium

Progressive

$722

$60

Kemper

$726

$61

Progressive

$759

$63

Kemper

$760

$63

Progressive

$765

$64

Kemper

$862

$72

American Family

$877

$73

American Family

$957

$80

Cheapest Car Insurance in New York for Drivers With Poor Credit (April 2023)

New Yorkers with poor credit will find the cheapest car insurance rates from the following insurers:

  • Kemper: $2,406 per year
  • GEICO: $2,677 per year

Hanover is the most expensive option, charging an average annual premium of $389,365 for a full coverage policy.

Most insurers will check your credit score when calculating your rate, but for some, like Hanover, it’s the primary determinant of your car insurance rate.

Drivers in New York with credit scores higher than 750 pay an average of $2,036 per year. This is $38,034 less than the cheapest car insurance premium available to drivers with poor credit.

Company
Annual Premium
Monthly Premium

Kemper

$1,262

$105

Chubb

$1,281

$107

GEICO

$1,318

$110

Kemper

$1,331

$111

GEICO

$1,432

$119

Kemper

$1,478

$123

Chubb

$1,517

$126

GEICO

$1,530

$128

Data indicates that drivers with lower credit scores are more likely to file claims, so insurers charge them higher rates. Using credit scores as a basis for calculating premiums is legal in New York.

If you’re looking to reduce your rates, consider improving your credit score. You should also compare rates from multiple insurers and take advantage of common discounts, like those for bundling policies or installing safety features.

Cheapest Car Insurance in New York for Sports Cars (April 2023)

These auto insurance companies provide the cheapest full coverage rates for drivers with sports cars:

  • Kemper: $939 per year
  • American Family: $1,174 per year

Travelers, at an average cost of $2,932 per year, is the most expensive car insurer for sports car drivers.

Sports cars are typically more expensive to insure because these have higher repair and replacement costs compared with standard vehicles. However, this isn’t the case in New York. For instance, drivers with a Ford Mustang are charged $221 less than those with a Toyota Camry LE.

Company
Annual Premium
Monthly Premium

Kemper

$518

$43

Kemper

$523

$44

Kemper

$602

$50

Progressive

$688

$57

Progressive

$709

$59

American Family

$721

$60

Progressive

$730

$61

American Family

$774

$65

MoneyGeek used a Ford Mustang as its sample sports car. Depending on your car’s model, your actual rate may differ from the average rates in our study.

Typically, luxury cars, electric cars and sports cars are more costly to insure compared with other model types. But this may not be necessarily true in New York, as you’ve seen in our comparison of rates for the Toyota Camry LE and the Ford Mustang. Always compare quotes from multiple providers to find the best rates.

Cheapest Car Insurance in New York for Military Drivers (April 2023)

Kemper is the most affordable car insurance provider for active military members and veterans at an average rate of $882 per year.

Although it is ranked as the fourth-cheapest insurer in our study, USAA is another great option. It has services that are tailored to the needs of the military and is available in all states. A USAA full coverage policy costs $1,393 per year on average.

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MoneyGeek Top Pick
Kemper
  • $882 per year

Kemper offers discounts to military personnel on active duty and members of the National Guard. On top of these military discounts, Kemper also offers common discounts that could further the cost of your auto insurance. You could save on your premiums by insuring multiple cars, taking an approved defensive driving course or paying your annual premium in full upfront.

Cheapest Car Insurance in New York by City

The city where you live impacts the cost of your car insurance. Insurers tend to charge drivers who live in crime-prone neighborhoods more for insurance, since there’s a higher likelihood that they’ll file a claim.

Although insurance rates differ by city, the cheapest insurer was Kemper in all the New York cities that MoneyGeek evaluated. Kemper charges $498 per year for a full coverage policy in Rochester, whereas the insurer charges $1,278 per year for drivers who live in New York City.

Use our table below to compare the average car insurance rates per city.

City
Cheapest Company
Annual Premium

Buffalo

Kemper

$642

New York

Kemper

$1,278

Rochester

Kemper

$498

Syracuse

Kemper

$524

Yonkers

Kemper

$856

Car Insurance in New York: What You Need to Know

Most states, including New York, require bodily injury liability (BIL) and property damage liability (PDL). But on top of these, New York also requires personal injury protection and uninsured motorist coverage.

New York Car Insurance Requirements

A minimum coverage policy in New York must include bodily injury liability, liability for death, property damage liability, uninsured motorist coverage and personal injury protection.

Though a minimum coverage policy might cost less, you may pay more money out of pocket if you get in an accident. If your budget allows, we strongly recommend purchasing as much liability coverage as you can reasonably afford. For only a few extra dollars per year, you’ll have added security should you get into an accident.

  • male icon

    Bodily Injury Liability

    According to New York’s Vehicle and Traffic Law, drivers must carry a policy that meets the state minimum requirement of $25,000 in bodily injury liability per person and $50,000 in bodily injury liability per accident. This covers the cost of medical bills in an accident where you’re found at fault. You’ll be required to pay any amount that exceeds these limits.

  • death icon

    Liability for Death

    All car insurance policies must include $50,000 liability per person for any injury resulting in death and $100,000 liability per accident for any injuries resulting in the death of two or more persons.

  • accident2 icon

    Property Damage Liability

    Drivers must have $10,000 coverage in property damage liability per accident. Paying just this minimum limit means that you'll have to pay for any costs above $10,000 if you're at fault in an accident that damages another person's property.

  • hospital icon

    Personal Injury Protection

    All policies should have at least $50,000 in personal injury protection. This is also called no-fault insurance coverage. With this coverage, your insurer will pay up to $50,000 to cover medical expenses and lost earnings, regardless of who is at fault for the accident or whether there was negligence. Choosing just the minimum limit might mean that your insurance payout won’t be enough to cover the total costs if you’ve sustained major injuries.

  • carInsurance icon

    Uninsured Motorist Coverage

    Drivers are required to have $25,000 in uninsured motorist coverage per person and $50,000 in uninsured motorist coverage per accident. This covers the cost of any injuries that you or your passengers might suffer in an accident with an uninsured vehicle or in a hit-and-run accident.

MoneyGeek advises you to purchase bodily injury liability insurance of at least $100,000 per person and $300,000 per accident. We also recommend increasing your property damage coverage to at least $100,000 per accident.

If you’re financing your car, it’s likely that you need to purchase comprehensive and collision insurance. Those with new cars may also consider purchasing comprehensive and collision coverage.

Comprehensive insurance takes care of the cost of repairing your car if it is damaged by off-road incidents, such as vandalism, theft and weather-related events. Collision insurance covers the cost of repairing your vehicle in the event of a crash or collision with an object (tree, guard rail, telephone pole, pothole) or another car.

Car Insurance Alternatives in New York

All vehicles that are operated in New York state, whether registered in state or out of state, must meet the liability requirements that are stated in the New York State financial responsibility law. Even vehicles that are in storage and aren’t being driven are not exempt from having liability insurance.

If you’re unable to get auto insurance for any reason, there are other alternatives that will satisfy the required financial responsibility. These are:

Self-insurance: You may apply as a self-insurer if you have more than 25 cars registered under your name. A $5 application fee for each vehicle and proof of financial ability to cover any potential accident claims for each vehicle is required. This means you’ll need lots of extra cash in reserve to cover damages to your car, another person’s car and property and possible lawsuits.

Surety bonds: This is a reduced cost alternative to traditional car insurance that could save you money unless you have to file a claim. A surety bond is a contract that requires a company to pay your financial obligations in the event of an accident. Surety bonds cost only a percentage of the bond total. Those with good credit are typically charged 1% to 2.5% of the bond as a premium. Given that the minimum auto insurance bond or deposit in New York is $25,000, you’ll only have to pay around $250 to $625 if you have good credit. However, if you file a claim, you’ll have to pay the entire bond.

Security deposit with the Department of Motor Vehicles (DMV): This requires you to deposit $150,000 in cash or security. But you may be asked for additional deposits depending on your driver profile.

FAQs About Car Insurance in New York

Drivers who are looking for car insurance typically have many questions about cost and service quality. Our answers to the frequently asked questions go over the basics of car insurance to help you learn more about the topic.

Expert Advice on Finding Cheap Car Insurance in New York

To help you find credible and accurate insight into 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 Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


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