last Updated on February 17, 2022
New York City is world-renowned for many reasons. Everyone is mindful of its many landmark buildings and celebrated sights. The city, however, is changing. Williamsburg ’ s six-acre Domino Park, for case, has transformed from an industrial boodle refinery into a sprawl waterfront playground of volleyball courts, complete with a taco and margarita joint. early transformed sights include Hunter ’ s Point in Queens and The Pier in Brooklyn ’ s Bridge Park .
present, it ’ s acquit that New Yorkers have more places to play. much of the city is accessible with its extensive metro system but many New York residents still have to own cars. therefore, there is a ceaseless need for low-cost cable car policy .

Some Insurance Statistics and Facts

The national average cost for car policy rose 2.7 % in 2015 to $ 889.01 ( from $ 865.34 the former year ), according to the Insurance Information Institute. This datum was taken from the latest survey by the National Association of Insurance Commissioners.

The highest state at that prison term was New Jersey at $ 1,265.69 followed by New York State at $ 1234.84. Bear in mind that the NAIC calculates these averages based on all drivers having indebtedness coverage ( but not all drivers have collision and comprehensive coverage ). therefore, individual mileage may vary based on what is covered .
It wouldn ’ t surprise any New Yorker to learn that in New York City the cost of car indemnity is even higher .

Average NYC Auto Insurance Rates

The mesa below illustrates the average policy costs for male and female drivers in NYC, broken down by indemnity coverage type .

Insurance Male Female
Liability Coverage $836 $958
Collision Coverage $379 $393
Comprehensive Coverage $71 $71
Monthly (Avg) $107 $118
Annual $1,286 $1,421

Most Expensive Cities for Auto Insurance in America

The table below lists what it presently costs for wax coverage policy in the 10 most expensive cities in the country. New York ’ s Brooklyn zip code code of 11212 puts it in the top two at more than double what the average american english paid in 2015 .
This table suggests the average monthly cost for full coverage car policy in the City of New York is around $ 370 per month. intelligibly, being able to shop around for the best rates and comparing coverage is the alone way to go .

Rank State Zip Code City Avg Rates Max Rates Min Rates
1 Michigan 48227 Detroit $7,415 $15,851 $2,634
2 New York 11212 New York $4,440 $7,898 $2,326
3 Louisiana 70117 New Orleans $3,747 $4,495 $2,629
4 Florida 33135 Coral Gables $3,310 $5,710 $1,500
5 Pennsylvania 19132 Philadelphia $3,189 $6,451 $1,373
6 Nevada 89101 Las Vegas $2,705 $3,386 $1,786
7 Rhode Island 02909 Providence $2,573 $3,533 $1,297
8 California 90010 Los Angeles $2,552 $3,680 $1,523
9 Maryland 21216 Baltimore $2,423 $2,852 $1,903
10 Kentucky 40827 Essie $2,405 $4,353 $1,082

Some Factors that affect Insurance Cost

There are a set of factors that can make policy less or more expensive. Some are more obvious such as :

  • Driving experience
  • Geographic location
  • Type of car and weight
  • Age

The one area that may seem a bit unfair because drivers can ’ thymine change it is age. Younger drivers can expect to pay more ascribable to their inexperience and being statistically more likely to be involved in collisions. This is similar to the case of a new driver of any historic period. fortunately, car insurance rates aren ’ triiodothyronine always this high. Young drivers can expect to see their rates drop at long time 25 .
other factors, such as your placement, can be altered by possibly moving closer to work to lessen your daily commute. A decisiveness that, in New York City, could potentially besides have a drastic impingement on your life style by getting you back hours previously lost in your feverish commute .
unfortunately, leaving the entire area of New York City is probably out of the question for most New Yorkers. If you live in one of the five boroughs you will be subject to the chief perpetrator causing your high indemnity rate – the “ territorial rating “, which is used by policy agencies to set rates for specific areas .
Based on your zip code code hera are some identify factors that come into dally in territorial rat :

  • Theft
  • Traffic
  • Vandalism

According to the NYPD, in 2017, there were 5,341 cars stolen in New York City. The good news is that it is depressed 3.3 % from the previous year ( but don ’ metric ton expect indemnity rates to follow ). The NYPD besides reports 215,074 traffic collisions in 2018, up 0.2 % ( and there is calm a calendar month and a half to go in 2018 ! ).

New York City has one of the highest population densities and although most citizens are well-behaved, there is however a high gear rate of vandalism .

The Bottom Line – How Much Is Car Insurance in NY?

Proud New Yorkers can be certain that their already higher than national average indemnity rates will continue to climb every year. Currently, at an average of $ 370 per month for comprehensive examination coverage, cutting costs are on every New Yorker ’ second thinker. It is of at least some consolation that measures such as the keep up will help lower your rates :

  • Shopping around for the best quote
  • Installing anti-theft devices in your car
  • Moving closer to work
  • Being very proactive about driving less congested routes and leaving a bit earlier
  • Driving an older lighter car with a good safety rating
  • Carrying less comprehensive coverage
  • Bundling your car insurance with your homeowners insurance
  • Applying for discounts such as the veterans discount or the good student’s discount
  • Taking a defensive driving course from an accredited driving school

After shopping about and looking at respective different quotes and discount rate offerings, New Yorkers should be able to get reasonable rates. But until you move to rural Arizona, expect to have your insurance premiums come in at well above the national median .

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