Average Cost of New York Auto Insurance
Average Cost of New York Auto Insurance
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The average cost of car insurance in New York is $2,996 per year for full coverage, making New York one of the most expensive states to purchase car insurance. Drivers in nearby states, like Connecticut and New Jersey, pay closer to the national average cost of car insurance of $1,771 per year for full coverage. Despite this high state average, car insurance rates across New York State actually vary by location, and may be further affected by driving record, age, carrier selection and more. Bankrate breaks down everything you need to know about average car insurance rates in New York.

How Much Does New York Auto Insurance Cost?

New York’s premium cost range is as diverse as cities in the Empire State. This is due to a number of personal factors that form the basis of your reward. It’s based on details like age, gender, claims history, marital status, driver’s license, vehicle and your zip code. According to Quadrant Information Services rates, New Yorkers pay the highest rates in the nation, averaging $1,339 a year for minimum coverage and $2,996 a year for full coverage. The state’s full coverage rate is 69% higher than the national average cost of auto insurance, while New York’s minimum coverage rate is 146% higher.

New York Auto Insurance Rates by Company

The best auto insurance companies in New York offer not only high customer satisfaction and financial strength, but also competitive rates for New Yorkers. Progressive and Erie offer some of the cheapest fully-insured rates, although as shown below, many other airlines are also below or close to New York’s average auto insurance rates.
CAR INSURANCE COMPANY AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE AVERAGE ANNUAL PREMIUM FOR MINIMUM COVERAGE
Allstate $3,121 $1,616
Chubb $3,685 $1,435
Encompass $3,900 $2,100
Erie $2,456 $1,205
Esurance $4,641 $2,598
Geico $2,273 $860
Kemper $4,699 $2,464
Preferred Mutual $5,151 $815
Progressive $1,775 $1,059
State Farm $3,070 $1,653
Travelers $3,181 $1,312
USAA $2,982 $1,281
Utica National $4,655 $875

New York City car insurance rates

How much does car insurance in New York cost by location? Your state as well as your city and zip code all directly affect how much you pay for auto insurance. In some cases, it can cost double or triple the cost to travel from one city to another, which is why your location is often a determining factor in determining car insurance premiums.

CITY AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE % DIFFERENCE FROM STATE AVERAGE ANNUAL PREMIUM
New York
*include links where applicable
$1,589 -10%
Hempstead $3,453 95%
Brookhaven $2,465 39%
Islip $2,688 52%
Oyster Bay $2,783 57%
Buffalo $2,083 18%
Babylon $2,723 54%
Rochester $1,456 -18%
Huntington $2,712 53%
Yonkers $2,900 64%
Syracuse $1,585 -11%
Smithtown $2,618 48%
Albany $1,549 -13%
Mount Vernon $3,054 72%
Utica $1,641 -7%

Cost of Living and Car Insurance in New York

When shopping for the best New York car insurance plan, it’s important to consider your other expenses so you can get an idea of ​​your total cost of living. The chart below shows the average annual cost of living in New York, including the average cost of auto insurance. Use this chart as a guide to determine your total spending so you can decide which insurance plans are right for your budget.

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New York Auto Insurance Rates by Age

Age has a big impact on the amount you pay. According to the CDC, the younger you are, the greater your risk of an accident. Teen and young adult drivers in New York pay significantly more for auto insurance than adults. As you age, the risk decreases and so does the average premium, although seniors’ premiums increase again with age. This is due to the risk posed by reduced visibility and reaction time while driving, which can lead to accidents.

AGE AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE IN NEW YORK
Age 16* $6,277
Age 18 $5,581
Age 20 $4,438
Age 25 $3,509
Age 60 $2,763
Age 70 $3,050

*16-year-old calculated on parent’s policy disclosure

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Auto Insurance Rates for a New York Driver’s License

Your rewards are affected by your travel history. Errors in documentation, such as speeding tickets, negligent accidents, and DUIs, can directly affect how much you pay. According to our data, the average rate of drivers with traffic violations in New York City may be twice as high as the rate of drivers with clean driving records.

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DRIVING INCIDENT AVERAGE ANNUAL FULL COVERAGE PREMIUM IN NEW YORK % INCREASE OF STATE AVERAGE ANNUAL PREMIUM
Speeding ticket conviction $3,241 83%
At-fault accident $3,239 83%
DUI $5,306 200%

How to save on car insurance in New York

Fortunately, while New York may be one of the most expensive states for auto insurance, there are plenty of ways to save on your auto insurance premiums.

Shop around: Comparing one carrier to another is often the best way to save and get the cheapest car insurance rates in New York.
Discounts: Each carrier has its own list of discounts that you can take advantage of. There are all kinds of discounts, from bundling policies to getting good grades.

Improve your credit score: Your credit history is directly related to the amount you pay for rewards. The higher your credit rating, the lower your premiums.

Increase your deductible: Your deductible is the amount you must pay out of pocket for a collision and collision damage waiver. If your deductible is lower, your premium will increase. By increasing your deductible, you can reduce your premiums by hundreds of dollars each year.

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