Average car insurance cost in New York

In New York, the average annual car insurance premium is $1,870, per year or $156 monthly. The national average is $1,682, a difference of $25. Various elements influence car insurance rates, including age, gender, driving record, credit score, and location.

Below we’ll cover the average cost of full coverage in the state, help you find the cheapest monthly car insurance premiums, outline average car insurance rates across cities in New York, and break down car insurance rates by age group. To save on your auto insurance, you should shop around and compare quotes.

Average annual cost
$1,870

Average per month cost
$156

Average cost for state minimum coverage
$731 / Year

Cheapest car insurance company
Progressive($1,020 / Year)

Average cost for young drivers
$2,850 / Year

Average cost for senior drivers
$1,911 / Year

Average car insurance cost in New York per month

In New York, car insurance costs around $156 per month on average.

The cost of the same coverage will vary among companies. To find the best car insurance rates in New York, it’s wise to obtain quotes from multiple companies.

Cheapest car insurance companies in New York

Below we’ve gathered average rates from car insurance companies in New York, so you can compare the average cost per month and average annual cost.

Affordable car insurance providers in New York

Graph

Table

Company name	Average per month cost	Average annual cost
Progressive	$85	$1,020
NYCM Insurance	$108	$1,300
Geico	$145	$1,736
Erie Insurance	$151	$1,814
State Farm	$163	$1,951
Allstate	$171	$2,056
The Hanover	$188	$2,262
Travelers	$223	$2,677
Chubb	$245	$2,942
USAA	$130	$1,557

Read our guide to cheap car insurance companies

Methodology

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2006 to 2023.

Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Rates for vehicles up until 2023 includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit.

For liability 100/300 is rates the same hypothetical driver but with liability limits of 100/300/50, uninsured/underinsured motorist in matching amounts and PIP or MedPay, if required by state. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP.

Averages were calculated using data from six large carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.

Average cost of car insurance by coverage level in New York

The amount of coverage you buy influences the cost of car insurance in New York. Your premium is determined by the limits of your liability coverage, as well whether you carry comprehensive and collision coverage.

Liability-only insurance protects against third-party property damage and personal injuries in case of an accident. However, in the event of a collision, liability coverage on your auto insurance won’t cover your injuries or damage to your car if you’re responsible for the accident.

With a coverage limit of 50/100/50 for liability only, the average annual cost in New York is $827.

Full coverage insurance isn’t required by law, but is required by lenders and covers your car for any damage regardless of fault. The average annual cost of full coverage car insurance in New York is $1,870.

For individuals who don’t own a car but frequently rent one, non-owner state minimum liability coverage an option. In New York, the average annual cost for non-owner state minimum liability coverage stands at $421.

State minimum is the amount you need to drive legally, but is often not enough to protect you. State minimum liability-only coverage costs an average of $731 annually in New York.

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in New York by city

Buffalo

New York

Rochester

Syracuse

Yonkers

Average car insurance cost in New York by city

Several factors contribute to determining your car insurance premium, including your state, city, and even ZIP code. The frequency of accidents and the likelihood of vehicle theft or vandalism can impact the overall cost associated with a particular city or ZIP code.

The table below depicts the top popular cities in New York:

Average car insurance cost in New York by age of the driver

Age plays a significant role in determining auto insurance premiums. Teenagers have a higher likelihood of being involved in car accidents compared to other age groups. The average annual rate for young drivers in New York is $2,850, whereas for seniors, it’s $1,911. The rate for young drivers is higher than that of senior drivers by $939.

Average car insurance cost in New York for young drivers

In New York, the average cost of car insurance for a young female driver is $2,741 and $228 per month.

For a young male driver, the average annual rate is $2,961, or $247 per month.

Average annual rates for male and female drivers aged 20-24 are listed in the table below:

Average car insurance cost in New York for senior drivers

In New York, female senior drivers pay an average rate of of $1,900, or $158 per month. Male senior drivers pay an average of $1,922, or $160 per month.

Read more about senior car insurance

Minimum car insurance requirements in New York

Every state establishes guidelines regarding the minimum car insurance coverage drivers must carry to be able to drive vehicles legally. According to the New York Department of Insurance, the required coverages and minimum coverage limits in New York are as follows:

• Bodily injury per person: $25,000

• Bodily injury per accident: $50,000

• Personal property coverage per person: $10,000

Cheapest cars to insure in New York

According to our rate analysis, the Honda HR-V has most affordable average annual insurance premiums at $1,227, with the Mazda CX-30 trailing closely behind at $1,246. The annual difference in insurance costs between these two amounts to $19.

Most expensive cars to insure in New York

The Porsche 911 Carrera GT3 RS, at an average annual premium of $6,891, tops the list as the most expensive car to insure. The difference between the cheapest and most expensive cars to insure is $5,664 annually.

Methodology

Insure.com commissioned car insurance rates in all 50 states and Washington, D.C. from Quadrant Data Services in late 2023. Rates are based on a full coverage policy with 100/300/100 in liability coverage and $500 deductibles. The base sample driver is 40-year-old with a clean driving record and good credit, driving a 2023 Honda Accord LX. Rates were also requested at state minimum coverage levels and 50/100/50 liability-only coverage, and for multiple age groups.

How much is car insurance in other states

Alaska$1,676/Year

Alabama$1,860/Year

Arkansas$1,957/Year

Arizona$1,812/Year

California$2,416/Year

Colorado$2,337/Year

Connecticut$1,725/Year

Delaware$2,063/Year

Florida$2,694/Year

Georgia$1,970/Year

Hawaii$1,517/Year

Iowa$1,630/Year

Idaho$1,428/Year

Illinois$1,532/Year

Indiana$1,515/Year

Kansas$1,900/Year

Kentucky$2,228/Year

Louisiana$2,883/Year

Massachusetts$1,726/Year

Maryland$1,746/Year

Maine$1,175/Year

Michigan$2,352/Year

Minnesota$1,911/Year

Missouri$1,982/Year

Mississippi$2,008/Year

Montana$2,193/Year

North Carolina$1,741/Year

North Dakota$1,665/Year

Nebraska$1,902/Year

New Hampshire$1,265/Year

New Jersey$1,902/Year

New Mexico$2,049/Year

Nevada$2,060/Year

Ohio$1,417/Year

Oklahoma$2,138/Year

Oregon$1,678/Year

Pennsylvania$1,872/Year

Rhode Island$2,061/Year

South Carolina$2,009/Year

South Dakota$2,280/Year

Tennessee$1,677/Year

Texas$2,043/Year

Utah$1,825/Year

Virginia$1,469/Year

Vermont$1,319/Year

Washington$1,608/Year

Wisconsin$1,664/Year

West Virginia$2,005/Year

Wyoming$1,758/Year

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