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.
| 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.
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
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.
| 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.
