You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the subscriber. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow rigid guidelines to ensure that our editorial message is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and reliable data. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in set to ensure that happens. Our editors and reporters thoroughly fact-check column content to ensure the information you ’ rhenium reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our column team does not receive steer compensation from our advertisers. Bankrate follows a stern editorial policy, so you can trust that we ’ rhenium putting your interests first. Our award-winning editors and reporters create honest and accurate capacity to help you make the right field fiscal decisions. All providers discussed on our locate are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ rhenium putting accuracy first. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which supplier is right for you. Bankrate follows a rigorous column policy, so you can trust that we ’ ra putting your interests first gear. All of our content is authored by highly qualify professionals and reviewed by topic matter experts, who ensure everything we publish is objective, accurate and worthy of your trust. Founded in 1976, Bankrate has a hanker cut phonograph record of helping people make chic fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making process and giving people confidence in which actions to take adjacent. While we adhere to strict editorial integrity, this position may contain references to products from our partners. here ‘s an explanation for how we make money. This subject is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. New York has over 13 million accredited drivers, making it the fourth-ranked highest number of drivers of any state. This means the cost of car indemnity in New York is a wonder asked by millions of residents. While you will find plenty of drivers on the road, finding the least expensive rates may be more of a challenge when inquiring about car policy. New Yorkers average car insurance rate of $2,321 per year for full coverage, which means New York is one of the most expensive states to purchase insurance in.
How much does car insurance cost in New York?
The range in monetary value of premiums in New York is a vary as the towns across the Empire State. The reason for this is the number of personal factors your premiums are based on. It ’ s based on specifics including your age, sex, marital status, driving phonograph record, vehicle — and your energy code. New Yorkers pay some of the highest rates in the country, with minimum coverage averaging $ 1,062 per annum and full moon coverage averaging $ 2,321 .
New York car insurance rates by company
The best car insurance companies in New York not lone offer high customer atonement ratings and fiscal potency, but besides provide competitive rates for New Yorkers.
| Car insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Allstate | $1,335 | $2,433 |
| American Family | $2,817 | $4,764 |
| Chubb | $1,140 | $2,758 |
| Erie | $773 | $1,629 |
| Geico | $821 | $1,969 |
| Kemper | $1,627 | $3,150 |
| Main Street America Group | $304 | $761 |
| MetLife | $1,574 | $3,134 |
| NYCM | $1,129 | $2,669 |
| Preferred Mutual | $577 | $2,869 |
| Progressive | $695 | $1,139 |
| State Farm | $1,241 | $2,333 |
| USAA | $922 | $2,137 |
| Utica National | $695 | $5,075 |
New York car insurance rates by city
It is not only the state of matter you are located in, but your city and energy code immediately contribute to how much you pay for car policy. The cost from one city to the following can be double or triple in some cases .
| City | Average annual premium for full coverage | % difference from state average annual premium |
|---|---|---|
| New York | $4,959 | 114% |
| Rochester | $1,568 | -32% |
| Buffalo | $2,292 | -1% |
| Jamaica | $5,055 | 118% |
| Flushing | $4,567 | 97% |
| Yonkers | $2,972 | 28% |
| Syracuse | $1,735 | -25% |
| Astoria | $4,410 | 90% |
| Albany | $1,655 | -29% |
| Schenectady | $1,634 | -30% |
| Corona | $4,677 | 102% |
| Elmhurst | $4,616 | 99% |
| Ridgewood | $4,449 | 92% |
| Woodside | $4,454 | 92% |
| East Elmhurst | $4,679 | 102% |
| New Rochelle | $2,560 | 10% |
| Cheektowaga | $2,222 | -4% |
| Tonawanda | $2,030 | -13% |
| Binghamton | $1,479 | -36% |
| Far Rockaway | $4,886 | 111% |
Cost of living in New York and car insurance
When denounce for the best car indemnity rates in New York, it ’ second important to factor in your other expenses so that you ’ ra looking at your total support costs. The graph below shows the average annual cost of life in New York, including the average cost of car insurance. Use this graph as a template to help determine your overall expenses so that you can decide what insurance rates fit in your budget .
New York car insurance rates by age
Age has a major determine on how much you pay. The younger the age, the greater the risk of being involved in an accident, according to the CDC. The older you get, the risk decreases and so do your premiums. *16-year-old and 17-year-old calculated on parent ’ sulfur policy disclosure
New York car insurance rates by driving record
Your premiums are impacted by your drive record. Blemishes on your commemorate such as speeding tickets, accidents and DUIs all have a direct impact on how a lot more you pay .
| Driving incident | Average annual premium in New York | % increase in average annual premium |
|---|---|---|
| Speeding ticket | $2,547 | 9.73 |
| Accident | $2,628 | 13.22 |
| DUI | $4,307 | 85.56 |
How to save on car insurance in New York
While New York may be one of the most expensive states for car policy, fortunately there are numerous opportunities to save on your car insurance premiums .
- Shop around: Comparing one carrier to another is often the best way to save on your car insurance premiums.
- Discounts: Each carrier has its own list of discounts for you to take advantage of. From bundling policies to making good graces, there is a wide variety of discounts available.
- Improve your credit score: Your credit is directly linked to how much you pay for your premiums. The higher your credit score, the lower your premiums.
- Increase your deductible: Your deductible is the amount you are responsible for out of pocket. If you have a low deductible, your premiums will increase. By raising your deductible, you lower your premiums by as much as $500 annually.
New York car insurance requirements
New York requires the follow minimal insurance coverages :
- $10,000 property damage liability per single accident
- $25,000 for bodily injury liability for one person and $50,000 for bodily injury to all persons
- $50,000 for bodily injury and $100,000 for death for two or more people in an accident
- $50,000 mandatory no-fault coverage, or personal injury protection (PIP)
- Uninsured motorist coverage: $25,000 per person and $50,000 for all persons
While New York requires more minimum coverage than other states, you should still think twice before only selecting the bare minimal. For exemplify, the $ 50,000 for bodily injury indebtedness would likely not be adequate to cover multiple injuries if you were involved in a multi-car accident with serious injuries .
Frequently asked questions
Is New York a no-fault state?
Yes, New York is a no-fault state. This means if you are involved in an accident in the state of New York, each driver must file a claim with the policy ship’s company, no matter who is ruled at-fault. It besides means you are required to carry PIP insurance on your policy, along with the other minimum requirements .
What is the best car insurance company in New York?
To find the best car policy company for your circumstances, you should review respective key points among the versatile carriers. The fiscal persuasiveness, customer service ratings, quality of digital assets and coverage options are all crucial factors. Bankrate reviewed these points deoxyadenosine monophosphate well and found New York Central Mutual and USAA were all high-level .
How do I find cheap car insurance in New York?
Rates are based on a assortment of factors, not only your location, but besides your drive record, vehicle, old age, sex, credit score and coverage choices. To find bum car policy, compare multiple carriers and review all available discounts from each one. Bankrate has reviewed respective quotes and found Geico and Main Street Mutual offer some of the lowest rates for New York drivers .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a male and female driver with a beneficial credit and the following full coverage limits :
Read more: The Best Car Insurance Companies for 2022
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimal coverage limits, Bankrate used minimum coverages that meet each department of state ’ south requirements. Our basis profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. Driving record rates were calculated by evaluating our base profile with the following incidents applied : clean record ( base ), at-fault accident, single speed tag, single DUI conviction and lapse in coverage. Age rates were calculated by evaluating our base profile with the ages 18-60 ( base : 40 years ) applied .