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New York Average Cost of Car Insurance Rates (2022)

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Courtney Roy

By: Courtney Roy

| Reviewed by licensed insurance agent, Amber Benka

Last Updated March 9, 2022

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How Much Does Car Insurance Cost In New York?

On average, car insurance rates for drivers in New York are $349 per month, and $4183 per year. The average rates make New York the 4th most expensive state in the country for car insurance rates and 37% more expensive than the national average.

Keep in mind that average auto insurance costs are determined by factors other than location. Based on your driving history, credit score, age and marital status you should be able to find insurance quotes and discounts so that your monthly payment is less than the averages cited here.

0.1%2.3%15.9%50%84.1%97.7%99.9%Average cost: $34950%

Insurify's comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than the average price in your state, and customers save $48 per month on average.

Best New York Auto Insurance Rates

Insurify analyzed car insurance rates in the twenty most populous cities in New York and has selected the following providers and quotes as the best rates for drivers in New York.

Cheapest CompaniesQuotes
Progressive$8
GEICO$54
State Farm$71
Liberty Mutual$157

New York Car Insurance Rates by City

For drivers in New York, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Based on internal Insurify data, here are the average cost of car insurance rates for drivers in the top 10 cities in New York.

CityAvg. Monthly Rate
Albany$239
Bronx$462
Brooklyn$463
Buffalo$258
Jamaica$483
New York$357
Rochester$195
Staten Island$368
Syracuse$215
Yonkers$358

What Is the Average Cost of Car Insurance in New York by Age?

New York teenagers pay $790 in average monthly rates for car insurance. After a few years of driving experience, twentysomethings pay $340 less in premiums.

People in their 30s, 40s, and 50s cruise far below the state average. When drivers hit 60 or older, the average monthly prices are nothing short of fantastic. Drivers in their 70s get the lowest cost of all age groups, a reflection of their many decades of experience behind the wheel.

AgeAvg. Monthly Rate
Teens$790
20s$449
30s$284
40s$274
50s$266
60s$223
70s$218
>80s$228

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What Is the Average Cost of Car Insurance in New York by Gender?

Men pay 14 percent more than women for insurance. That’s because women are considered by insurance companies to be statistically safer drivers. There's a $45 difference between the two, which amounts to $540 a year.

GenderAvg. Monthly Rate
Male$367
Female$322

Does Marital Status Influence the Average Cost of Car Insurance in New York?

Married couples in New York can save a hefty sum on car insurance costs, with the difference in average monthly rates between married drivers and singletons averaging out to $130 per month.

Economists and other experts agree that marriage brings other financial benefits as well, such as tax breaks and higher average net worth.

Marital StatusAvg. Monthly Rate
Married$255
Single$385

What Are the Minimum Car Insurance Requirements in New York?

New York is a no-fault state, which means drivers file with their own insurance company after an accident. State law requires $25,000 in bodily injury liability per person and $50,000 per accident, $10,000 in property damage liability per accident, $50,000 in personal injury protection (PIP) per person per accident, $25,000 in uninsured/underinsured motorist bodily per person, and $50,000 in underinsured motorist bodily per accident. To cover your vehicle itself, get comprehensive and collision coverage.

new-york

How Does Credit History Affect New York Car Insurance Rates?

New York, like most states, lets insurance companies use your credit score to decide your rates.

Insurance companies look at credit among other rating factors, such as gender, age, and driving history. Excellent credit will save you almost $100 a month when compared to drivers with poor credit. And those with average and good credit can similarly benefit from a credit score boost.

Credit HistoryAvg. Monthly Rate
Poor$377
Average$384
Good$379
Excellent$280

What Is the Average Cost of Car Insurance in New York for High-Risk Drivers?

"Safety first" is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for "good driver" and "accident-free" discounts. But what if your record is less than perfect?

Drivers with a speeding ticket in New York should expect their monthly rate to increase marginally—plus fines. Drivers with an at-fault accident on their insurance record should expect to see monthly rates increase by around $315. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.

Driving HistoryAvg. Monthly Rate
No Violation$350
At-Fault Accident$332
Speeding$315

Tips for Researching New York Car Insurance Rates

New York's population has dwindled a bit with all the COVID-related demographic changes of the past year, but that doesn't mean traffic will slow down any time soon. The Empire State requires far more insurance than many others, which can make its plans and policies as hard to navigate as some of its city streets.
That's why a quote-comparison tool like Insurify is so valuable to New York residents. You can compare up to 10+ real quotes and unlock savings and discounts. In less than two minutes, you can find the coverage you deserve at a price you can afford. To paraphrase Sinatra, if you can find cheap insurance in New York, you can find it anywhere.

Top Auto Insurance Companies

Compare Top Auto Insurance Companies

Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies

FAQs - New York Car Insurance

  • There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.

  • Auto insurance costs will vary between locations and insurance carriers, depending on the county New York. Insurify analyzed the latest data for the five most populous cities in New York to find you the cheapest quotes in each of these metropolitan areas.

  • The way to find the carrier with the best auto insurance ratings in New York and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.

  • During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.

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Methodology

The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews. 

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.

Courtney Roy
Courtney Roy

Content Writer at Insurify

Courtney Roy is a financial and technology copywriter. He creates content that makes an actionable difference in the life of his readers. In addition to years of experience across multiple industries, Courtney has insurance licenses, a real estate license, and a degree in electrical engineering. He and his wife chase their five kids in the Phoenix, Arizona sun. You can learn more at thecopyprophet.com.

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