Cheapest Car Insurance In New York For 2024

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Updated: 11 July 2024
Written by Bob Phillips
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As a resident of the Empire State, finding affordable auto insurance coverage that meets your needs is essential. With the myriad of options available, navigating the insurance market can be overwhelming. But fear not, as we’re here to guide you through the process and help you find the best coverage at the most competitive rates.

After a decade of dedicated research into the realm of car insurance, I’ve condensed my insights to assist you in navigating this intricate market.

Whether you’re a seasoned driver or a newcomer to the streets of New York, securing affordable car insurance is within reach. Let’s explore your options and get you on the road, making sure you’re well protected without spending too much.

Cheapest Car Insurance Companies In New York, 2024

Our Methodology

After carefully reviewing factors like type of insurance, customer ratings, cost and user experience, I’ve compiled a list of cheapest car insurance in New York, considering different elements. With over 15 years of practical experience as a licensed insurance agent in New York, this perspective is informed by extensive interactions with representatives from various companies and firsthand knowledge acquired through procuring car insurance in the state. While the information in this guide is accurate, remember that premiums change daily and are different based on the driver. So, keep this in mind.

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Quotes Assessed

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Hours Of Research

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Brands Reviewed

Cheapest Car Insurance Companies In New York

Cheapest Car Insurance In New York For Minimum Coverage: Progressive

Minimum coverage car insurance in New York typically includes two key components: Personal Injury Protection (PIP) and Property Damage Liability (PDL).

Personal Injury Protection, commonly referred to as PIP, provides coverage for medical expenses, lost wages, and other related costs for you and your passengers in the event of an accident, regardless of who is at fault. This coverage is mandatory in New York and helps ensure that you and your loved ones are financially protected in the aftermath of a collision.

Property Damage Liability (PDL) coverage, on the other hand, helps cover the costs associated with damage to another person’s property, such as their vehicle or other structures, in the event that you are found at fault for the accident. Both PIP and PDL are essential components of minimum coverage car insurance in New York, providing crucial protection for both yourself and others on the road.

Opting for minimum coverage car insurance is a way to meet state requirements and provide basic protection in case of accidents. However, it’s important to recognize its limitations, particularly in complex or severe accidents. While it fulfills legal obligations, it falls short in covering many scenarios included in more comprehensive insurance plans.

For example, it lacks coverage for damages to your own vehicle in accidents or incidents like theft and natural disasters. Therefore, drivers should assess their individual circumstances, their tolerance for risk, and consider whether additional coverage beyond the state’s minimums is necessary for adequate protection on the road.

Provider Average Monthly Cost Average Annual Cost
Progressive $65 $778
Geico $80 $958
Erie $100 $1,198
Chubb $115 $1,378
Mercury $140 $1,676

Cheapest Car Insurance In New York For Full Coverage: Progressive

Full coverage car insurance provides comprehensive protection for both you and your vehicle in various situations, including accidents, theft, vandalism, and natural disasters. This means that not only are you covered for damages to other vehicles and property in accidents where you’re at fault, but your own vehicle’s repairs or replacement costs are also included.

Additionally, full coverage typically includes optional coverages such as collision and comprehensive insurance, which are crucial for protecting your investment in your vehicle.

While full coverage may come with higher premiums, the peace of mind and comprehensive protection it offers make it a better choice for many drivers, especially those with newer or more valuable vehicles.

Provider Average Monthly Cost Average Annual Cost
Progressive $100 $1,198
Erie $175 $2,098
State Farm $165 $1,978
Geico $160 $1,918
Allstate $210 $2,518

Cheapest Car Insurance In New York For Drivers With Poor Credit: Geico

Your credit score plays a significant role in determining the car insurance rates you’re offered. Insurance companies often use credit-based insurance scores to assess risk and determine premiums. A higher credit score generally indicates responsible financial behavior, which insurers associate with a lower likelihood of filing claims.

As a result, individuals with higher credit scores are typically offered lower insurance rates, as they are perceived as lower-risk customers.

Conversely, individuals with lower credit scores may be viewed as higher-risk and may receive higher insurance rates or even face difficulty obtaining coverage. Therefore, maintaining a good credit score is important for securing favorable car insurance rates and saving money on premiums.

While drivers with less-than-ideal credit histories typically face higher premiums, there are insurers in the market who offer more competitive rates and don’t penalize poor credit as severely. These companies take a broader approach to risk assessment, considering factors like driving record, location, and vehicle type alongside credit scores.

For those with lower credit scores, it’s crucial to explore options and compare quotes from these specialized insurers. They may find that these companies offer more flexible pricing structures, making car insurance more accessible and affordable, despite credit challenges.

Provider Average Monthly Cost Average Annual Cost
Geico $172 $2,062
USAA $300 $3,603
Allstate $367 $4,410
State Farm $388 $4,660
Travelers $310 $3,718

Cheapest Car Insurance In New York For Seniors: Kemper

Seniors in New York can benefit from specialized car insurance policies tailored to their needs and circumstances. These policies often offer discounts and perks specifically designed for older drivers, such as reduced rates for safe driving records, low mileage, or completion of defensive driving courses.

While age is a factor in insurance premiums, it’s not always indicative of declining driving abilities. Many seniors maintain stellar driving records throughout their later years. Insurers often acknowledge this by offering experienced senior drivers lower rates.

A clean driving history with few accidents or violations can greatly influence insurers to provide more favorable terms. Additionally, some insurance companies appreciate the maturity and experience that come with age, viewing senior drivers as responsible and less prone to risky driving behaviors.

Additionally, some insurers may provide features like roadside assistance, enhanced coverage for medical expenses, and options for customized coverage limits to accommodate seniors’ unique needs. By choosing car insurance policies tailored for seniors, older drivers can enjoy peace of mind knowing they have the coverage they need at a price that fits their budget.

Provider Average Monthly Cost Average Annual Cost
Kemper $77 $923
Progressive $91 $1,092
American Family $117 $1,399
State Farm $144 $1,729
GEICO $174 $2,088

Cheapest Car Insurance In New York For Young Drivers:

Car insurance for young drivers in New York can be challenging to find at affordable rates due to the higher perceived risk associated with this demographic. However, there are options available to help young drivers secure coverage without breaking the bank.

Many insurance companies offer discounts for young drivers who maintain good grades, complete driver’s education courses, or have a clean driving record. Additionally, some insurers offer specialized policies tailored to young drivers’ needs, such as pay-as-you-go or telematics-based insurance programs.

These programs use technology to track driving behavior and offer discounts based on safe driving habits. By exploring these options and comparing quotes from multiple insurers, young drivers in New York can find the coverage they need at a price they can afford.

Cheapest New York Car Insurance For 16-Year-Olds: Progressive

Progressive has the cheapest rates for 16 year olds, with an average monthly premium of $346.

Provider Average Annual Cost Average Monthly Cost
Progressive $4,153 $347
NCYM Insurance $4,245 $354
Geico $4,888 $408
Erie $5,499 459
State Farm $7,220 $603

 Cheapest New York Car Insurance For 17-Year-Olds: Geico

Geico has the cheapest rates for 17 year olds, with an average premium of $364.

Provider Average Monthly Cost Average Annual Cost
Geico $365 $4,364
Progressive $381 $4,559
NCYM Insurance $393 $4,700
Erie $513 $6,145
State Farm $620 $7,423

 Cheapest New York Car Insurance For 18-Year-Olds: Progressive

Progressive has the cheapest rates for 18 year olds, with an average monthly premium of $313.

Provider Average Monthly Cost Average Annual Cost
Progressive $314 $3,758
Geico $345 $4,131
NCYM Insurance $356 $4,263
Erie $496 $5,939
Allstate $535 $6,402

 Cheapest New York Car Insurance For 21-Year-Olds: Progressive

Progressive has the cheapest rates for 21 year olds, with an average monthly premium of $173.

Provider Average Monthly Cost Average Annual Cost
Progressive $174 $2,075
Geico $201 $2,397
USAA $238 $2,841
NCYM Insurance $275 $3,284
Allstate $310 $3,710

Cheapest Car Insurance In New York For Good Drivers (Full Coverage): Progressive

For good drivers in New York, securing car insurance is a rewarding process. Insurance providers typically offer lower premiums and various discounts to drivers with clean records.

Insurance providers assess risk by analyzing a driver’s background, with individuals who have no violations or accidents categorized as low-risk. This favorable risk profile is established through a demonstrated history of responsible and safe driving, signaling a decreased probability of future claims.

Good drivers can benefit from safe driver discounts, accident forgiveness programs, and reduced rates for maintaining a history of responsible driving. Additionally, some insurers offer usage-based insurance options, where premiums are based on driving behavior rather than demographic factors alone. By maintaining a clean driving record and exploring discounts and incentives offered by insurance providers, good drivers in New York can find affordable coverage that rewards their safe driving habits.

Provider Average Monthly Cost Average Annual Cost
Progressive $100 $1,198
Erie $175 $2,098
GEICO $160 $1,918
American Family $120 $1,999
Travelers $235 $2,818

Cheapest Car Insurance In New York For Drivers With Prior Incidents

Obtaining car insurance in New York for drivers with prior incidents can be challenging, as insurance companies often view them as higher risk. Drivers with previous incidents, such as accidents or traffic violations, may face higher premiums compared to those with clean driving records.

However, there are still options available for these individuals. Some insurance providers specialize in offering coverage to drivers with prior incidents, although premiums may be higher. Additionally, completing defensive driving courses or taking steps to improve driving habits can help mitigate the impact of prior incidents on insurance rates.

Cheapest Car Insurance In New York For Drivers With A Speeding Ticket: Progressive

Progressive has average premiums of $1,346, making it the cheapest option for drivers with a speeding ticket.

Provider Avg. Annual Min Coverage Premium Avg. Annual Full Coverage Premium
Progressive $1,346 $2,305
Geico $1,429 $3,906
Erie $1,687 $3,553
USAA $1,852 $4,588
Chubb $1,892 $5,319

Cheapest Car Insurance In New York For Drivers With An At-Fault Accident: Progressive

Progressive has average premiums of $1,347, making it the cheapest option for drivers with an at-fault accident.

Provider Avg. Annual Min Coverage Premium Avg. Annual Full Coverage Premium
Progressive $1,347 $2,318
Geico $1,429 $3,906
Erie $1,578 $3,163
USAA $1,852 $4,588
Allstate $1,942 $3,960

 Cheapest Car Insurance In New York For Drivers After A DUI: Progressive

Progressive has average premiums of $113, making it the cheapest option for drivers with a DUI on their record.

Provider Average Monthly Cost Average Annual Cost
Progressive $113 $1,358
State Farm $195 $2,334
USAA $220 $2,634
Allstate $249 $2,986
Travelers $307 $3,678

Average Cost Of Car Insurance In New York

Average Cost In New York – By Age

Age Average Monthly Cost Average Annual Cost
16 $555 $6,659
17 $601 $7,217
18 $532 $6,387
19 $422 $5,059
21 $341 $4,088
25 $200 $2,398
35 $174 $2,088
45 $170 $2,034
55 $170 $2,034
65 $221 $2,649
75 $262 $3,149

 Average Cost In New York – By Gender & Marital Status

Gender Marital Status Average Annual Cost
Female Single $2,200
Male Single $2,500
Female Married $2,050
Male Married $2,200

 Average Cost In New York- By Credit Tier

Credit Tier Average Monthly Cost Average Annual Cost
Excellent $261 $3,140
Good $320 $3,848
Fair $357 $4,290
Poor $668 $8,019

 Cheapest Car Insurance In New York By City:

City Average Monthly Cost Average Annual Cost
Binghamton $105 $1,303
Albany $112 $1,344
Syracuse $122 $1,458
Buffalo $159 $1,910
New York $228 $2,734

Minimum Car Insurance Requirement In New York

The minimum New York car insurance coverage requirements under state law are as follows:

  • PIP: $50,000 per accident
  • Property damage liability: $10,000 per accident

In New York, all drivers are required to have a minimum level of car insurance to legally operate a vehicle, as stipulated by state laws. This mandate is in place to ensure that drivers can cover the costs associated with car accidents. In New York, the minimum car insurance requirements include Personal Injury Protection (PIP) and Property Damage Liability (PDL) coverage.

PIP coverage provides benefits for medical expenses, lost wages, and other necessary expenses resulting from injuries sustained in a car accident, regardless of who is at fault. The minimum amount of PIP coverage required in New York is $50,000 per person per accident.

Property Damage Liability (PDL) coverage, on the other hand, covers damages to another person’s property, such as their vehicle or other structures, in an accident where you are at fault. The minimum amount of PDL coverage required in New York is $10,000 per accident. It’s important to note that these are just the minimum requirements, and drivers may choose to purchase additional coverage for increased protection.

Car Insurance Discounts In New York

When looking for car insurance, it’s a smart move to check out providers offering discounts that match your situation. Moreover, having a conversation with your insurance agent can uncover potential discounts you might not be taking advantage of at the moment.

Here’s more information on the typical kinds of discounts offered by leading car insurance companies:

Good Student Discount: Students who maintain good grades in school may qualify for this discount, rewarding academic achievement with lower insurance premiums.

Defensive Driving Course Discount: Completing a defensive driving course can lead to lower insurance rates by demonstrating safe driving skills and reducing the risk of accidents.

Multi-Policy Discount: Insuring multiple vehicles or bundling car insurance with other policies, such as homeowners or renters insurance, can result in significant savings on premiums.

Low Mileage Discount: Drivers who travel fewer miles each year may be eligible for a low mileage discount, as they are less likely to be involved in accidents.

Safety Features Discount: Vehicles equipped with safety features such as anti-lock brakes, airbags, and anti-theft devices may qualify for discounts on insurance premiums.

Good Driver Discount: Maintaining a clean driving record with no accidents or traffic violations can lead to lower insurance rates, as it indicates responsible driving habits.

FAQs

How much is car insurance a month in New York?

In New York, car insurance premiums are determined by a multitude of factors, encompassing your driving history, age, gender, credit rating, selected coverage type, and the specific make and model of your car. Moreover, additional elements such as your geographical location, marital status, and completion of defensive driving courses also play a significant role in shaping your insurance rates.

What is the minimum car insurance one must have in New York?

In New York, drivers are obligated to meet minimum car insurance standards, which entail possessing at least $10,000 in Property Damage Liability (PDL) coverage and $50,000 in Personal Injury Protection (PIP) coverage. Although these minimums are mandatory, it’s wise to explore supplementary coverage alternatives to guarantee comprehensive protection against accidents or unexpected circumstances.

What type of insurance does every driver need in New York?

Determining which insurance is better in New York depends on various factors, including your individual needs, budget, driving history, and the level of coverage you require. It’s essential to compare quotes from multiple insurance providers and consider factors such as coverage options, customer service reputation, and available discounts.

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