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New York Average Cost of Car Insurance Rates (2023)
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Written by
Courtney Roy
Insurance Writer
Courtney Roy is a financial and technology writer. He creates content that makes an actionable difference in the lives of his readers by helping them understand matters of personal finance. In addition to years of experience across multiple industries, Courtney has insurance licenses, a real estate license, and a degree in electrical engineering.
Edited by
John Leach
Insurance Content Editor at Insurify
John Leach is an insurance content editor who has worked in print and online. He has years of experience in car and home insurance and strives to make these topics easy to understand for everyone. He has a linguistics degree from UC Santa Barbara.
Reviewed by
Amber Benka
Licensed Insurance Agent
Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance.
Updated March 9, 2022
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.
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 Companies | Quotes The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| 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.
| City | Avg. Monthly Rate The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| 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.
| Age | Avg. Monthly Rate The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| 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.
| Gender | Avg. Monthly Rate The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| 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 Status | Avg. Monthly Rate The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| Married | $255 |
| Single | $385 |
Minimum Car Insurance Requirements in New York
All motor vehicles operated or parked on New York roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:
Requested by law enforcement
Renewing vehicle registration
The vehicle is involved in a car accident
The minimum liability insurance requirements for private passenger vehicles in New York[1] are:
$25,000 per person for bodily injury
$50,000 per accident for bodily injury
As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. New York is a no-fault state, meaning both parties’ insurance providers will pay for expenses, regardless of which party caused the accident.
$10,000 per accident for property damage
If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.
$50,000 per accident for PIP
Personal injury protection coverage, also referred to as PIP coverage, will cover the policyholder for medical payments they incur in the event of an accident. Depending on your plan, you may also receive non-medical benefits, compensating you for lost wages, household expenses, and even funeral costs.
$25,000 per person for uninsured/underinsured motorist bodily injury
$50,000 per accident for uninsured/underinsured motorist bodily injury
Uninsured and underinsured motorist coverage pays for costs caused by a driver with little or no insurance after a car accident. In New York, this coverage is for bodily injury resulting from accidents with either type of driver.
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 History | Avg. Monthly Rate The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| 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 History | Avg. Monthly Rate The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| 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.
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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Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Service's database of auto insurance rates. With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums.
Sources
- New York Department of Motor Vehicles. "State Minimum Car Insurance Requirements." Accessed May 28, 2022