Best Auto Insurance Rates in New York City, New York

Compare Auto Insurance in New York City

Wednesday, November 14 2018 By Larry Canonica

New York City is famous for its extensive subway system, but many NYC residents have cars.  That means they need affordable car insurance rates.

Average New York City Car Insurance Rates

How much is car insurance in New York, NY? You probably already know this, but it costs a lot to insure a car in New York City. Average rates in New York City are much higher than both the state and national averages. The average cost of car insurance in New York City is $1,286 a year for men and $1,422 for women. The average cost of auto insurance in New York is $1,234.84 per year. The national average price is $889.01.

Prices may vary depending on your driving history and the total number of claims filed in your zip code.

New York City, NYC Average Annual Car Insurance Rates

Coverage	Men	Women
Liability	$836	$958
Collision	$379	$393
Comprehensive	$71	$71
Total Cost Per Year	$1,286	$1,421
Price Per Month	$107	$118
These average rates are based on our sample quote data. 1

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.

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

Last year, 8,688 people used QuoteWizard to compare car insurance quotes in New York, NY from multiple companies.

Best Car Insurance Companies in New York, NY

This is our list of the most common car insurance companies reported by QuoteWizard users living in New York City last year.

Other popular New York City car insurance companies: AAA, 21st Century, American Family, USAA, Travelers, Hartford, New York Farm Bureau, and Amica.

Top 10 Vehicles

These are the most common car makes and models owned by New York City drivers requesting quotes through QuoteWizard last year.

Minimum Car Insurance Requirements in New York, NY

New York City 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 insurance company 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.

New York City Drivers

According to a recent report published by Allstate Insurance when it comes to safe driving, New York city drivers are much worse than average. New York ranked 116th out of 200 cities. While most US drivers go ten years without having an accident, drivers here are involved in crashes every 8.3 years.

Driving Conditions

Factors influencing insurance rates are the weather and road conditions.

Weather

You might be surprised to learn that the climate classification for NYC is humid subtropical. The summers here are warm and bright with as many as 234 days annually with at least partial sunshine. It rains throughout the year, with an average of 122 days of measurable precipitation. It often snows in winter. NYC has an average of 11 snowy days every year.

Road Conditions

According to a recent study by TRIP, 82% of the major roads in and around New York City are in poor or mediocre condition. These poorly maintained, pothole-filled streets costs drivers $791 a year in extra vehicle operating costs.

Traffic Congestion

According to TomTom's annual traffic index report, New York City has the third worst traffic congestion in the United States. 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

Moving violations such as speeding tickets, red light infractions, at-fault accidents, following too close, and drunk driving will give you a bad driving record and drive your insurance rates up in a hurry. Drivers that get too many tickets can end up on their insurers "non-preferred" driver list. When that happens, you'll have to buy high-risk auto insurance to keep driving.

Traffic Tickets

The State of New York DMV website allows you to 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

Alcohol factored in 1,168 car crashes in 2014. These accidents caused 904 injuries and 54 fatalities.

SR-22 DWI Insurance

A DWI conviction will require you to obtain an SR-22 form. To get the best rate, compare quotes from local agents and top companies that specialize in New York City DWI insurance.

Car Accident Statistics

New York City recorded 12,471 car crashes in 2016 resulting in 10,411 injuries. This an 8.1 percent decrease from the 52,550 accidents reported in 2013.

Traffic Fatalities

New York City experienced 48 motor vehicle crash deaths in 2016. This works out to a fatality rate of 0.56 per 100,000 residents. All traffic deaths are a tragic loss, but considering New York City’s estimated population of 8,537,673, this is a safe US city in terms of traffic fatalities.

Vehicle Theft

New York City reported 1,092 vehicle thefts in 2016. This is a rate of 0.66 per 1,000 residents. This is significantly better than the national rate of 2.20 thefts per 1,00 people.

Car Insurance Discounts

Are you looking for affordable car insurance/ Discounts are one of the best ways for NYC drivers to lower their rates. Below are some of the many auto insurance discounts available to drivers in New York, NY.

1. Bundle your insurance policies. Bundling your auto policy with your homeowners, renters, or life insurance can save you as much as 20% off your premium
2. Install ant-theft devices or a car alarm system
3. Live in a safe neighborhood with low crime and good drivers. People that live in neighborhoods with high crime and urban driving conditions file more claims. For you, that can mean higher rates no matter how clean your driving record is
4. Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
5. Drive less by living close enough to work to qualify for the low mileage discount
6. Take a defensive driving course from an accredited driving school

Rate Methodology

¹ We compared rates from three different insurance companies for 30-year-old male and female drivers with a 2010 Honda Accord. Our rate profiles have a clean driving record and drive less than 10,000 annual miles. Coverage includes state liability minimum of 25/50/10 and 25/50/10 underinsured motorist coverage. Policies also include $10,000 personal injury protection and a $500 comprehensive and collision deductible.

Car insurance agents near New York, NY:

Sources:

• The Official Website of the City of New York
• United States Census Bureau - New York, NY
• New York City Crime Rates

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