Finding cheap car insurance in New York City depends on a number of factors, including where you live. In fact, location plays a large role in how car insurance rates are determined. To get the most accurate car insurance quotes in New York City, you will need to get a personalized quote based on your individual needs.
Compare the Cheapest Car Insurance Quotes in New York, NY
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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.
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The Best Cheap Car Insurance Companies in New York
In New York City, the most affordable car insurance company on average is USAA. However, this company only serves members of the military or family members of those serving or who have served in the military. The second most affordable car insurance company in New York City is GEICO. In fact, coverage with GEICO is approximately four times less expensive than similar coverage with The General, the city’s most expensive car insurance company.
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- CompanyAmountper year
- 1. USAA$1,828
- 2. GEICO$2,161
- 3. Erie$2,302
- 4. Allstate$2,591
- 5. Progressive$2,723
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.
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Cheapest Car Insurance in New York by Coverage Amount
How much car insurance coverage you purchase in New York also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.
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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.
Many insurance plans are written to express the limits for each type and level or coverage. GEICO offers both 50/100/50 liability and full-coverage plans, which cover $50,000 worth of medical bills, totaling $100,000 per vehicle, along with $50,000 worth of property damage repair. The full-coverage policy, which also covers your expenses in the event of an accident, costs $475 more than a liability-only policy, which could be a valuable spend for some drivers.
Average Car Insurance Premiums by Coverage Type
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1. USAA$1,015$1,078
- 2. GEICO$1,270$1,433
- 3. Erie$1,339$1,483
- 4. Allstate$1,455$1,750
- 5. Progressive$1,846$2,033
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1. USAA$1,718$1,828
- 2. GEICO$1,908$2,161
- 3. Erie$2,168$2,302
- 4. Allstate$2,192$2,591
- 5. Progressive$2,429$2,723
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 if You Have Tickets
One of the penalties of having a speeding ticket or other moving violation on your driving record is higher insurance rates. For example, in New York City, Allstate policyholders with a speeding ticket on their record will pay nearly $600 more for their car insurance than drivers with a clean record. Drivers with a DUI on their record will pay $1,048 more for Allstate coverage than drivers with a clean record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1. USAA$1,983$2,283$2,969
- 2. Erie$2,585$3,211$3,837
- 3. State Farm$3,049$3,332$3,049
- 4. Allstate$3,185$3,293$3,639
- 5. Progressive$3,389$4,352$3,263
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
top ratedCar Insurance agentsNew York2021Top Agents Offering Affordable Car Insurance in New York
1. Allstate Insurance: Kelly Qu Agency50 E 42nd St, Ste 513, New York, NY, 10017
2. Meilee Fu - State Farm Insurance Agent139 Centre St, Ste 813, New York, NY, 10013
3. Schaefer Enterprises77 Chambers St, Fl 3, New York, NY, 10007
4. State To State Insurance1220 Broadway, New York, NY, 10001
5. Allstate Insurance: David Goldstein31 E 32nd St, New York, NY, 10016
Insurance Providers That Serve New York
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.
Shopping around for car insurance in New York could save you $1,942, which is enough to buy:
647Cups of Coffee
149Months of Your Favorite Streaming Service
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.
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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