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New York Car Insurance for Bad Credit Drivers
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| Reviewed by licensed insurance agent, Amber Benka
Last Updated March 9, 2022
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Cheapest Companies for Drivers With Bad Credit in New York (2022)
For drivers with bad credit in New York, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.
To simplify comparing companies, Insurify has analyzed rates from top insurance providers in New York. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in New York.
| Carrier | Avg. Monthly Cost |
|---|---|
| Plymouth Rock | $170 |
| TSC Direct | $188 |
| Travelers | $212 |
| Midvale Home & Auto | $329 |
| American Family Insurance | $344 |
| Liberty Mutual | $454 |
Bad Credit Car Insurance in New York
New York City is known as "The City That Never Sleeps," but it is also known for its high cost of living. Some drivers in the state may have had to take out loans or use their credit card at some point. Depending on the situation, this could have resulted in a rocky credit history.
The good news is that while bad credit can impact your car insurance rate, there are several ways to find competitive pricing. The most effective way is to shop around at multiple insurance providers using a website like Insurify.
New York Car Insurance Rates for Bad Credit Drivers
Excellent$222
Good$248
Average$250
Poor$270
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
How Much Does Bad Credit Impact Car Insurance Rates in New York?
Having less-than-stellar credit can often result in an impact in the car insurance rates you see. Specially in New York, bad credit can result in a 10 percent increase in monthly premiums when compared to those with good credit. This translates to almost $336 more for coverage for the year.
The main reason for the difference in cost between the two tiers has to do with risk. If someone has a low credit score, then they are more likely to not make monthly payments on time or to file more insurance claims.
Avg. Monthly Cost - for Drivers with Good Credit$282
Avg. Monthly Cost - for Drivers with Bad Credit$310
$28 ▴
9.93% ▴
Monthly Impact of Bad Credit on Rates
Percent Bad Credit Impact Rates
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Can I Get Car Insurance With No Credit Check in New York?
If your goal is to avoid having a credit check conducted when getting car insurance, you might have a hard time finding coverage. Nearly all insurance providers in New York require a credit check when obtaining auto insurance since it helps determine your risk.
Insurance carriers that offer no-credit-check car insurance do exist, but it often comes with a penalty. Most drivers will end up spending more per month than they would if they had applied for coverage with bad credit.
New York Car Insurance Rates by Credit Tier
The auto insurance rates that New York drivers are presented with can fluctuate depending on what credit tier they fall into. Those who are in the excellent tier typically see average pricing around $222 a month. This is $48 less than what drivers in the poor credit tier pay.
| Credit Tier | Avg. Monthly Cost |
|---|---|
| Excellent | $222 |
| Good | $248 |
| Average | $250 |
| Poor | $270 |
Car Insurance Rates With Bad Credit in New York Cities
There is a drastic change in how much effect bad credit has on car insurance rates based on where you are located. Certain places in New York, like Brooklyn and the Bronx, have averages in the $500 range, while others, such as Buffalo and Rochester, are in the $200 range.
| City | Credit Tier | Avg. Monthly Cost |
|---|---|---|
| Brooklyn | Poor | $589 |
| Bronx | Poor | $534 |
| Buffalo | Poor | $268 |
| Rochester | Poor | $246 |
Tips for Researching Bad Credit New York Car Insurance Rates
Insurance prices and policies can vary significantly between companies, and a state like New York draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate 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 you need to, and customers save $585 per year on average.
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.
Content Writer at Insurify
Doug Shaffer is an insurance writer for Insurify. He has had the opportunity to write for several large, national insurance carriers in the past and brings with him over six years of experience working with both business and consumer products. Even though he enjoys writing for most product lines, he loves auto insurance the most. During the moments he manages to break away from the keyboard, he can be found spending time with his family.