If you're a New York driver staring at your insurance bill, you're probably wondering why you're paying so much more than friends in other states. Five major factors make New York one of the most expensive states for car insurance.
Car insurance in New York costs 165% more than the national average due to no-fault insurance laws requiring Personal Injury Protection (PIP), healthcare costs 37% above the national average ($14,000+ per capita), severe winter weather increasing accidents by 40%, high vehicle theft rates (seventh nationally), and insurance fraud including garage fraud.
We analyzed these factors so you understand exactly why your premiums are so high.