Best Auto Insurance Rates in Manhattan, New York

On average your neighbors pay $103 a month.

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Manhattan, New York, has so many amazing things to offer visitors and residents alike, including great museums, Central Park, Broadway—not to mention some of the best transportation options in the world.

Of course, although these bikes, buses, subways, and even trolleys can take you almost anywhere you want to go in the city, some people still like to drive a car. That's where we come in.

Average Manhattan Car Insurance Rates

How much is car insurance in Manhattan, NY? Residents shouldn't be surprised to hear car insurance costs more in Manhattan than it does in many other parts of the US. Average insurance rates in New York are a bit higher than the national average. The average cost of auto insurance in New York is $1,234.84 per year. The national average price is $889.01.

Prices will vary depending on your driving history and the number of claims filed in your zip code, so you may pay more or less.

New York Average Annual Car Insurance Rates
Coverage Rates
Liability $804.51
Collision $385.02
Comprehensive $171.12
Total Cost Per Year $1,234.84
Price Per Month $102.90
Source: Facts + Statistics: Auto insurance

The graph below shows the change in average New York insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, New York car insurance rates increased from $1,111 in 2011 to $1,234 in 2015, a jump of $123, or 11.12 percent.

New York average car insurance rates

QuoteWizard helps Manhattan residents compare quotes from both national insurance companies and local independent agents. Comparing quotes can help you find cheap car insurance rates near Manhattan, New York and save up to 40% on your premium.

Last year, 1,906 people used QuoteWizard to compare car insurance quotes in Manhattan, NY from multiple companies to find the cheapest rates.

Best Car Insurance Companies in Manhattan, NY

This is our list of the 10 most common car insurance companies reported by QuoteWizard users living in Manhattan, New York last year. Of those 1,906 residents, 107 were uninsured.

  1. GEICO
  2. State Farm
  3. Allstate
  4. MetLife
  5. Progressive
  6. Farmers
  7. 21st Century
  8. Liberty Mutual
  9. Esurance
  10. Nationwide

This information comes from all of New York City, which includes the borough of Manhattan.

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Top 10 Vehicles in Manhattan

These are the most common car makes and models owned by Manhattan, NY drivers requesting quotes through QuoteWizard last year.

  1. Cadillac CTS
  2. Acura MDX
  3. Honda Accord LX/EX
  4. Honda CR-V LX
  5. Acura ILX 20
  6. Honda Civic LX
  7. Honda Accord EX-L
  8. Toyota Camry LE/XLE
  9. Honda Odyssey EX
  10. Dodge Caravan
Get a quote for your vehicle. Request Quote Get a Quote For Your Vehicle

Minimum Car Insurance Requirements in Manhattan, NY

Manhattan, New York has a minimum coverage requirement known as the 25/50/10 rule. This means each policy must include at least the following three components:

  • Individual Bodily Injury Liability (BIL): $25,000.
    The maximum amount insurance companies will pay for an individual person injured in a car accident.
  • Total Bodily Injury Liability: $50,000.
    The total your provider will pay in total for every person injured in a car accident.
  • Property Damage Liability (PDL): $10,000.
    The most your insurer will pay for property damage caused by a car accident.

The policy must be in the name of the vehicle's registered owner and the coverage must remain in effect as long as the registration is valid even if you don't use the vehicle.

Driving Conditions

Driving conditions like weather and traffic congestion can influence  Manhattan insurance rates.

Manhattan drivers saved up to $383 on their car insurance policies by comparing rates through our simple form.
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Weather

The climate in Manhattan is much like the rest of New York. Residents can expect an average of 232 days of either sunny or partly sunny weather. Rainfall is distributed throughout the year, with around 120 days seeing measurable precipitation. Snow is also very common in this area; Manhattan receives around 26.6 inches in a typical winter.

Road Conditions

According to a recent study by TRIP, 82 percent of the major roads in and around New York City are in poor or mediocre condition. These pothole-filled streets cost drivers close to $800 a year in extra vehicle operating costs.

During the winter of 2015, the Department of Transportation reported repairing 21,635 potholes in Manhattan.  

Traffic Congestion

According to TomTom's annual traffic index report, New York City has the third-worst traffic congestion in the US. The average commuter spends an additional 33 minutes per hour stuck in traffic during peak commute times, and 128 hours a year for commutes of 30 minutes.

Moving violations including speeding tickets, accidents, and drunk driving can add points to your driver's license and give you a bad driving record. If this happens, your insurer will label you a bad driver and force you to purchase high-risk auto insurance.

Traffic Tickets

The State of New York DMV website lets you pay non-criminal traffic citations, tells drivers how to request a hearing to contest a ticket, and provides helpful traffic court information.

New York City police have issued 86,090 moving violations so far in 2016.

Drunk Driving Accidents and Fatalities

The City of New York reported 1,168 car crashes in 2014 in which alcohol was a factor. Those accidents resulted in 904 injuries and 54 fatalities.

SR-22 DWI Insurance

A DWI conviction will require you to obtain an SR-22 form. To get the lowest rate for the most expensive type of coverage, get a quote and compare prices from top companies that specialize in Manhattan DWI insurance.

Car Accident Statistics

According to the County Crash Summary database, New York County saw 11,833 car accidents in 2014. This is a 14 percent decrease from the 13,160 accidents seen in 2013.

Traffic Fatalities

Forty people died due to the 11,833 car accidents reported in New York City in 2014. Another 7,000 people sustained serious to moderate injuries.

Vehicle Theft

New York reported 1,092 vehicle thefts in 2016. That’s a rate of 0.66 per 1,000 residents. This is well below the national average of 2.20 per 1,000 people.

Car Insurance Discounts in Manhattan

Discounts are one of the best ways to lower your insurance rates. Below are only some of the car insurance discounts available to Manhattan, NY drivers.

  1. Bundle your auto policy with your homeowners, renters, or life insurance. Bundling is one of the best discounts because can save you more than any other single discount. Bundling insurance policies together under one insurer can knock as much as 15% off your premium
  2. Safe driver. If you have a perfect driving record, with no tickets or accidents, you may qualify for the safe driver or accident-free discount
  3. Study hard in school and maintain at least a B grade point average to qualify for the good student discount
  4. Live in a safe neighborhood with low crime and good drivers where residents file few insurance claims. Residents of zip codes with high crime and poor driving conditions file more of the claims that lead to higher rates
  5. Are you married or getting married soon? Some insurers offer drivers a marriage discount
  6. Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
  7. Drive less by living close to work and you may qualify for the low mileage discount
  8. Get a new car to qualify for the new car discount. If the car has safety features like anti-lock brakes or electronic stability control, you might be entitled to additional discounts
  9. Take a defensive driving course from an accredited driving school
  10. Shop around and compare affordable Manhattan auto insurance quotes

Sources:

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