Average Car Insurance Cost in New York (2024 Rates)

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Understanding potential costs is essential when seeking auto insurance in New York. On average, car insurance in New York costs $1,870 annually or $156 monthly. This figure contrasts with the national average of $1,895, showcasing a variance of $25 from the state average.

You’re likely aware of this if you’re a resident here. Numerous factors contribute to car insurance premiums. Among them are age, gender, driving history, credit score, and location.

This guide also provides insights into the average cost of full coverage in the state, companies offering affordable monthly premiums, average car insurance rates across cities in New York, and car insurance rates by age group.

It’s wise to shop around and compare quotes to ensure you’re not overpaying for auto insurance. Continue reading the guide to ensure your insurance policy meets your needs without surpassing your budget.

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

Key Takeaways

Based on Insure.com’s in-depth data analysis, car insurance in New York costs $1,870 per year.
In New York, the average premium for car insurance is $156 per month.
At $1,020 a year, Progressive has the cheapest car insurance rates in New York.

Average car insurance cost in New York per month

In New York, the monthly rate for car insurance is $156.

This rate can vary among companies, as is the case with every auto insurance carrier. When exploring car insurance rates in New York, it’s best to obtain quotes from multiple companies to ensure you find the most suitable coverage at the best possible price.

Cheapest car insurance companies in New York

The table below lists the other available car insurance companies which offer car insurance in New York, along with their 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

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*It is recommended that you should get full coverage car insurance for vehicles 2020 or newer.

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 levels in New York

Car insurance rates in New York are directly proportional to the amount of coverage you buy. Your premium is determined by factors such as your liability limits and your choice of comprehensive and collision coverage.

Liability-only insurance protects against third-party property damage and personal injuries in an accident. However, relying solely on liability coverage would not cover your injuries or property damage if you are considered at fault in a collision. Liability-only insurance for a coverage limit of 50/100/50 costs $827 per year in New York.

As mentioned earlier, increasing the coverage on your policy leads to a rise in your premium, as the insurer will need to provide compensation in case of accidents or other damages. The average annual cost of full coverage car insurance in New York amounts to $1,870 per year.

If you don’t own a car but frequently rent one, non-owner state minimum liability coverage is the most suitable option. Similar to liability-only coverage, it protects property damage and bodily injury caused by another driver. In New York, the average annual cost for non-owner state minimum liability coverage is $421.

For individuals seeking to reduce their car insurance expenses, selecting only the state minimum liability coverage is an option to ensure legal driving privileges within the state. This coverage, which includes only the minimum liability requirements, carries an annual cost of $731 in New York.

1State minimum:$731

2Liability only:$827

3Full coverage:$1,870

4Non-owners:$421

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

Average car insurance cost in New York by city

Your car insurance premium is determined by several factors, such as your state, city, and even ZIP code. The frequency of accidents and the probability of vehicle theft or vandalism play a role in determining the overall cost associated with a city or ZIP code.

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

City	Average annual cost
Albany	$1,751
Buffalo	$2,125
Mount Vernon	$2,623
New Rochelle	$1,939
New York	$2,600
Rochester	$1,683
Schenectady	$1,736
Syracuse	$1,804
Utica	$1,833
Yonkers	$2,469

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

Age plays a significant role in determining auto insurance rates. Teenagers have a higher chance of being involved in a car accident compared to any other age group. In New York, the average annual rate for young drivers is $2,850, whereas for seniors, it is $1,911. The rate for young drivers exceeds that of senior drivers by $939.

Statistics show that young drivers are more likely to be involved in vehicle accidents than more seasoned drivers. As a result, they are classified as high-risk individuals and are more expensive to insure. This classification is primarily due to tendencies such as speeding and limited on-road experience. However, premiums begin to increase again around the age of 70, as certain aspects of aging may impact driving capabilities.

Average car insurance cost in New York for young drivers

In New York, the auto insurance premium for female young drivers averages at $2,741 annually, or $228 monthly, while male young drivers face a yearly rate of $2,961, or a monthly average of $247.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
20	$3,674	$3,284
21	$3,081	$2,821
22	$2,857	$2,671
23	$2,685	$2,516
24	$2,519	$2,402

Average car insurance cost in New York for senior drivers

In New York, the annual car insurance cost for senior female drivers is $1,900 or $158 monthly. Similarly, male senior drivers face a yearly insurance cost of $1,922 per year, with a monthly average of $160.

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
65	$1,776	$1,752
70	$1,899	$1,880
75	$2,091	$2,069

Minimum car insurance requirements in New York

Every state establishes its own regulations concerning the minimum car insurance coverage drivers must possess to legally operate a vehicle. As per information given by the New York Department of Insurance, the following outlines the mandatory coverages and minimum coverage limits in New York:

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 Insure.com data study, Honda HR-V has the lowest premium of $1,227. Mazda CX-30 is followed closely at $1,246 per year. The difference in the cost of insuring these two models is $19 annually.

Make	Model	Average annual premium
Honda	HR-V	$1,227
Mazda	CX-30	$1,246
Subaru	Impreza	$1,270
Hyundai	Venue	$1,273
Chevrolet	TrailBlazer	$1,304
Kia	Seltos	$1,307
Hyundai	Tucson	$1,311
Hyundai	Kona N	$1,322
Kia	Soul	$1,329
Buick	Encore GX	$1,331

Most expensive cars to insure in New York

Topping the list as the most expensive car to insure is the Porsche 911 Carrera GT3 RS, at an average annual premium of $6,891. Notably, the annual difference between the least and most expensive cars to insure amounts to $5,664.

Make	Model	Average annual premium
Porsche	911 Carrera GT3 RS	$6,891
BMW	Alpina B8	$5,390
Audi	RS E-tron GT	$5,337
Mercedes	EQS	$5,211
BMW	I7	$5,105
Land Rover	Range Rover P530 Autobiography	$5,075
Nissan	Z Performance	$5,052
Porsche	Panamera Turbo S E-Hybrid	$4,958
Porsche	911 Sport Classic	$4,846
Genesis	G90	$4,819

Methodology

The Insure.com team worked with Quadrant Information Service to obtain car insurance data. To determine the average premiums, our team of data analysts and expert editors analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

57M

Quotes reviewed

136

No. of carriers analyzed

34.5K

ZIP codes analyzed