Cheap Car Insurance in New York (2022)

The cheapest car insurance companies in New York: USAA, $93 a month; NYCM, $101 a month; and GEICO, $145 a month.

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New York Central Mutual (NYCM) offers the cheapest car insurance in New York state, charging $1,207 a year for a minimum-coverage policy. This is well below the state average but higher than the rate USAA offers to the military community. Read on for more on what our rate analysis reveals about cheap car insurance in New York.

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Who offers the cheapest car insurance in NY?

USAA and NYCM offer the cheapest car insurance rates in New York for most of the driver profiles we analyzed, including those in different age groups or with blemished driving records. USAA is only available to current and former members of the military and their families, but we are including the organization’s rates for reference.

NYCM’s average rate for minimum-coverage car insurance in New York works out to $93 a month. This is considerably lower than the next lowest rates in our analysis, available from GEICO, $145 a month, and State Farm, $146 a month.

A minimum-coverage car insurance policy meets the limits the state requires for personal injury protection (PIP), liability and uninsured motorist coverage. A full-coverage policy includes collision and comprehensive coverage and higher liability limits, in addition to PIP and uninsured motorist coverage.

NYCM’s average monthly rate for full-coverage car insurance works out to $212 a month, which is slightly lower than State Farm, $220 a month, and considerably lower than GEICO, $275 a month.

Cheapest minimum-coverage car insurance in New York
Company Annual Monthly
NYCM $1,207 $101
GEICO $1,744 $145
State Farm $1,757 $146
Average $2,126 $177
Progressive $2,352 $196
Travelers $3,251 $271
Allstate $3,457 $288
USAA $1,116 $93
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest full-coverage car insurance in New York
Company Annual Monthly
NYCM $2,539 $212
State Farm $2,635 $220
GEICO $3,295 $275
Average $3,712 $309
Progressive $3,746 $312
Travelers $5,453 $454
Allstate $6,116 $510
USAA $2,202 $184
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

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Cheapest car insurance after a ticket, accident or DUI

NYCM and State Farm are the cheapest car insurance companies in New York for drivers with a ticket or accident on their records, while State Farm and Progressive offer the lowest and second-lowest car insurance rates to drivers with a DUI.

Cheapest car insurance for NY drivers with a speeding ticket

NYCM offers the cheapest full-coverage car insurance to drivers with a speeding ticket, $212 a month, followed by State Farm, which charges $243 a month. In New York, a speeding ticket raises the average price of full-coverage car insurance 12% to $347 a month.

Cheapest car insurance for drivers with a speeding ticket
Company Annual Monthly
NYCM $2,539 $212
State Farm $2,913 $243
GEICO $3,465 $289
Progressive $3,911 $326
Average $4,166 $347
Travelers $6,275 $523
Allstate $7,669 $639
USAA $2,390 $199
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest car insurance for drivers with an accident history
Company Annual Monthly
NYCM $2,539 $212
State Farm $2,913 $243
GEICO $3,465 $289
Progressive $3,746 $312
Average $4,000 $333
Allstate $6,116 $510
Travelers $6,832 $569
USAA $2,390 $199
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheap car insurance for NY drivers with a DUI

State Farm offers the cheapest full-coverage car insurance to drivers with a DUI, $243 a month. The next best rates are available from Progessive, $329 a month, and NYCM, $334 a month.

A DUI raises the average price of full-coverage car insurance for New York drivers 47% to $454 a month.

Cheapest car insurance for drivers with a DUI
Company Annual Monthly
State Farm $2,913 $243
Progressive $3,948 $329
NYCM $4,006 $334
Average $5,443 $454
Travelers $6,904 $575
GEICO $8,338 $695
Allstate $8,854 $738
USAA $3,138 $262
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheap car insurance for young drivers in NY

NYCM offers the cheapest car insurance to young New York drivers, with rates averaging $170 a month for minimum coverage for an 18-year-old and $390 a month for full coverage.

These rates are considerably lower than those offered by its competitors, including USAA. The next best rates for minimum coverage are $403 a month from USAA and $443 a month from State Farm. For full coverage, the next best rates are available from State Farm, $688 a month, and USAA, $739 a month.

Teens have the highest crash rate among all age groups, and this makes them more expensive to insure.

If you are a teen driver, you can usually score a better rate on a policy with your parents or guardians, if possible. You can help your family save more if you qualify for discounts many insurance companies offer to students with good grades and students away at school. Some offer discounts to young drivers who complete an approved driver-safety course.

Cheapest minimum-coverage car insurance for 18-year olds
Company Annual Monthly
NYCM $2,041 $170
State Farm $5,321 $443
Average $6,041 $503
GEICO $6,440 $537
Progressive $7,105 $592
Allstate $8,221 $685
Travelers $8,325 $694
USAA $4,835 $403
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest full-coverage car insurance for 18-year olds
Company Annual Monthly
NYCM $4,681 $390
State Farm $8,252 $688
Average $11,207 $934
Progressive $12,007 $1,001
GEICO $12,094 $1,008
Travelers $15,332 $1,278
Allstate $17,221 $1,435
USAA $8,864 $739
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheap car insurance for NY seniors

NYCM also offers the cheapest rates to senior citizen drivers in New York, with rates for 60-year-old drivers averaging $100 a month for minimum coverage and $196 a month for full coverage. State Farm offers the next best rates, $131 a month for minimum coverage and $196 a month for full coverage.

Senior citizens have a higher crash rate than middle-aged drivers, which is why insurance companies often increase rates for drivers who reach retirement age.

Our rate analysis shows that the average rate on full-coverage car insurance for a 65-year-old in New York is $317 a month, compared to $302 a month for a 60-year-old. The average rate for a 75-year-old is $386 a month.

Maintaining a safe driving record and good credit are among the ways you can keep your insurance rates low as you age. Some companies offer discounts to seniors who complete an approved mature-driver education program.

Cheapest minimum-coverage car insurance for 60-year olds
Company Annual Monthly
USAA $1,034 $86
NYCM $1,205 $100
State Farm $1,573 $131
GEICO $1,856 $155
Average $2,108 $176
Progressive $2,128 $177
Travelers $3,201 $267
Allstate $3,756 $313
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest full-coverage car insurance for 60-year olds
Company Annual Monthly
USAA $1,969 $164
NYCM $2,312 $193
State Farm $2,352 $196
Progressive $3,293 $274
GEICO $3,447 $287
Average $3,620 $302
Travelers $5,359 $447
Allstate $6,604 $550
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

How much is car insurance in NY?

The average cost of car insurance in New York adds up to $2,126 a year for a minimum-coverage policy and $3,712 a year for full coverage. However, rates vary by location. Insurance companies tend to charge higher rates in denser cities, where the costs of claims tend to be higher per customer, than in less concentrated areas.

As an example, minimum-coverage car insurance costs $869 a year in Rochester, compared to $2,492 a year in New York City.

Average cost of car insurance by New York city
Coverage Annual rate
Babylon $1,863
Brookhaven $1,654
Buffalo $1,296
Hempstead $2,884
Huntington $1,806
Islip $1,980
New York $2,492
Oyster Bay $1,785
Rochester $869
Yonkers $1,627
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

In addition to your home address, insurance companies evaluate a number of other rate factors about you and your vehicle to determine your premium, including your age, driving record, credit and insurance history.

If you rank better than average in some or many of the personal categories, you are likely to qualify for better rates than those shown here. The various discounts insurance companies offer can bring your rates down further.

Since different insurance companies weigh each rate factor differently and offer different discounts, you may qualify for a considerably better rate with one company than you do with others. This is why it’s best to obtain quotes from multiple companies when you shop for car insurance.

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What are New York’s minimum insurance requirements?

New York is a no-fault state that requires motorists to carry PIP, 25/50/10 liability insurance and uninsured motorist coverage with the following minimum limits:

  • Personal injury protection (PIP): At least $50,000 per person to cover medical expenses for injuries you and/or your passengers suffer in a car accident, regardless of fault.
  • Bodily injury (BI) liability: At least $25,000 to cover medical expenses for any individual injured in a car accident you cause, with a limit of at least $50,000 per accident.
  • Property damage (PD) liability: At least $10,000 to cover damage to vehicles or other property resulting from an accident you cause.
  • Uninsured motorist (UM) coverage: At least $25,000 per person and $50,000 per accident for medical expenses if you and/or your passengers are injured in an accident caused by a driver without insurance.

Although collision and comprehensive are optional coverages, lenders and leasing companies usually require them if you finance or lease your vehicle.

  • Collision covers repairs from a collision with another vehicle or object.
  • Comprehensive covers damage from most causes not involving a collision, such as fire, flood, falling objects and vandalism, as well as theft.

New York’s no-fault insurance laws only apply to bodily injuries. Your own PIP covers the first $50,000 in medical treatment you and/or your passengers require for injuries suffered in a car accident, regardless of fault. PIP benefits also include:

  • Coverage for a portion of lost wages, if your injuries prevent you from working.
  • $25 a day for services such as household help and transportation.
  • $2,000 death benefit.

If you cause an accident, your BI liability covers the portion of other people’s medical bills that exceed the $50,000 PIP limit. If the accident results or permanent injuries such as paralysis or brain trauma, your BI liability could also protect you if you are sued for causing pain and suffering.

Property damage liability covers repair costs of other people’s vehicles or property after an accident you cause. For property damage, New York is a comparative fault state. The amount you owe to others or pay for your own repairs is proportional to your share of responsibility in causing the accident.

UM applies to injuries you and/or your passengers suffer in an accident caused by an uninsured motorist after your $50,000 PIP limit is exhausted.

If the expenses you owe after a car accident exceed your car insurance policy’s limits, you can be held personally responsible for the difference. This is why it’s worth considering limits that are higher than the state’s minimum requirements.

Frequently asked questions about New York car insurance

What is the minimum auto insurance coverage requirement in New York?

New York’s state laws require all motorists to carry personal injury protection, liability and uninsured motorist coverage. If you finance or lease your car, your lender or leasing company will probably require you to carry collision and comprehensive coverage, too.

Is New York a no-fault state for auto insurance?

Yes, but New York’s no-fault insurance laws only apply to bodily injury claims. Your own insurance covers the first $50,000 in medical expenses if you and/or your passengers are injured in a car accident, regardless of fault. However, at-fault drivers are financially responsible for damage to other vehicles and property.

How can I get cheap auto insurance in New York?

The best way to get cheap auto insurance in New York is to compare quotes from multiple carriers and make sure to ask about all the discounts you are eligible to receive. Insurance companies tend to offer the deepest discounts to customers who bundle car insurance with a home or renters policy.

Methodology

In our analysis of New York car insurance rates, we obtained non-binding quotes for a typical driver from the state’s 10 most populated cities through Quadrant Information Services. Unless otherwise noted, the driver is a 35-year-old male with a clean driving record. He owns a 2012 Honda Accord LX and drives an average 13,500 miles a year.

Minimum-coverage insurance rates are based on a policy meeting New York’s minimum requirements for PIP, liability and uninsured motorist coverage.

Full-coverage policies meet the minimum requirements for PIP and uninsured motorist coverage, plus the following coverages, limits and deductibles:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability
  • $500 deductible for collision coverage
  • $500 deductible for comprehensive coverage

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