Key Takeaways
- Progressive has the cheapest rates in New York, charging $92 a month for minimum coverage and $145 for full coverage.
- On average, New Yorkers pay $280 a month for full-coverage car insurance — significantly less than the national mean of $369.
- NYCM is the most affordable provider for young drivers, charging a monthly rate of $524 for full coverage and $187 for minimum coverage.
In this article
The cheapest car insurance companies in New York City
For most drivers, Progressive is the cheapest option for car insurance in New York City. The company offers the lowest rates for:
- Minimum- and full-coverage policies
- Drivers with DUIs, accidents or speeding tickets
- Senior drivers
- Married drivers
GEICO has the cheapest car insurance rates in New York City for drivers with bad credit. NYCM has the lowest rates for young drivers.
The best way to get your cheapest rate is to compare car insurance quotes from several companies.
New York car insurance state minimums
New York drivers must hold liability car insurance coverage that meets the state’s required minimums, in addition to carrying uninsured motorist insurance and personal injury protection (PIP).
| Coverage type | State requirements |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Death liability | $50,000 per person / $100,000 per accident |
| Property damage liability | $10,000 per accident |
| Personal injury protection | $50,000 per person |
| Uninsured motorist coverage | $25,000 per person / $50,000 per accident |
Cheapest minimum-coverage auto insurance rates in New York City: Progressive
Progressive offers the cheapest minimum-coverage auto insurance in New York City at an average rate of $92 a month.
On average, New York City drivers pay $159 a month for minimum coverage, meaning Progressive customers experience a 42% discount.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $92 |
| NYCM | $102 |
| State Farm | $154 |
| GEICO | $163 |
| Allstate | $249 |
| Travelers | $261 |
| USAA | $91 |
| Rates are for minimum-coverage car insurance for a 35-year-old male with a good driving record. | |
Compare auto insurance quotes from top providers
Cheapest full-coverage auto insurance rates in New York City: Progressive
Those looking for the cheapest full-coverage car insurance rates in New York City should head to Progressive, which charges an average $145 a month.
The average cost of full-coverage car insurance in New York City is $280 a month. This means Progressive offers a discount of 48%.
Full-coverage car insurance typically refers to a policy that includes collision and comprehensive coverages as well as liability coverage. Drivers may also add coverage for towing costs, rental cars and more.
No state requires full coverage, but some lenders and lessors do. It’s also often helpful for those with expensive or newer vehicles.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $145 |
| State Farm | $227 |
| NYCM | $250 |
| GEICO | $290 |
| Travelers | $435 |
| Allstate | $436 |
| USAA | $176 |
| Rates are for full-coverage car insurance for a 35-year-old male with a good driving record. | |
Cheapest car insurance in New York City for drivers with bad credit: GEICO
Bad credit can, in fact, impact your car insurance rate. This is due to research that has shown those with bad credit to be less reliable drivers, and therefore more costly for insurance providers.
GEICO offers the cheapest car insurance rates for New York City drivers with bad credit. The company’s average monthly premium is $412.
| Insurance company | Monthly rate |
|---|---|
| GEICO | $412 |
| State Farm | $498 |
| NYCM | $587 |
| Allstate | $804 |
| Travelers | $955 |
| Progressive | $1,607 |
| USAA | $322 |
| Rates are for full-coverage car insurance for a 35-year-old male with poor credit and a good driving record. | |
Cheapest car insurance for drivers with a prior incident
In New York, Progressive is the best source of cheap auto insurance for drivers with a prior incident on their records. This includes those with speeding tickets, at-fault accidents or DUIs.
Cheapest for drivers with a speeding ticket: Progressive
The cheapest car insurance option for New York City drivers with a speeding ticket is Progressive, where the average monthly rate is $151.
Based on our research, a speeding ticket raises a driver’s premium by an average of 20%.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $151 |
| NYCM | $250 |
| State Farm | $251 |
| GEICO | $373 |
| Travelers | $500 |
| Allstate | $542 |
| USAA | $191 |
| Rates are for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record. | |
Cheapest for drivers with an at-fault accident: Progressive
Drivers with an at-fault accident should also look to Progressive for the most affordable car insurance. There, the average rate is $145 a month.
In New York City, the cheapest rate for drivers with an accident is lower than it is for those with a speeding ticket. But that’s not necessarily common — in fact, our data shows that nationally, an accident will raise your rates by 45%.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $145 |
| NYCM | $250 |
| State Farm | $251 |
| GEICO | $373 |
| Allstate | $436 |
| Travelers | $544 |
| USAA | $191 |
| Rates are for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record. | |
Cheapest for drivers with a DUI: Progressive
Progressive leads the way for drivers with a DUI on their record, charging $152 a month for full-coverage car insurance policies.
In general, a DUI has been shown to significantly increase a driver’s insurance premium. Our data shows that, on average, a DUI raises rates by 74%.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $152 |
| State Farm | $251 |
| NYCM | $376 |
| Travelers | $550 |
| Allstate | $623 |
| GEICO | $980 |
| USAA | $251 |
| Rates are for full-coverage car insurance for a 35-year-old male with one DUI on his driving record. | |
Cheapest car insurance for senior drivers: Progressive
For cheap car insurance as a senior driver in New York City, get a quote from Progressive. On average, the provider charges seniors $134 a month for full coverage.
Seniors are typically considered reliable drivers, and therefore often enjoy cheaper rates than their younger counterparts. That’s borne out in our data, which shows that the best rate for seniors is lower than the best rate for 35-year-olds, which is $145 a month.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $134 |
| State Farm | $203 |
| NYCM | $231 |
| GEICO | $304 |
| Travelers | $433 |
| Allstate | $465 |
| USAA | $165 |
| Rates are for full-coverage car insurance for a 65-year-old male with a clean driving record. | |
Get cheap car insurance no matter your age
Cheapest car insurance for young drivers: NYCM
The cheapest car insurance for young drivers in New York City can be found at NYCM, based on our data. It charges young drivers an average rate of $187 a month for minimum coverage. However, Progressive leads the way for full coverage, charging $453 a month.
Young drivers, particularly teens, are considered high risk and therefore usually cost much more to insure than average.
| Insurance company | Minimum coverage | Full coverage |
|---|---|---|
| NYCM | $187 | $524 |
| Progressive | $272 | $453 |
| State Farm | $418 | $638 |
| GEICO | $492 | $881 |
| Allstate | $541 | $1,117 |
| Travelers | $584 | $1,081 |
| USAA | $371 | $660 |
| Rates are for an 18-year-old male with a clean driving record. | ||
Cheapest car insurance for married drivers: Progressive
Married drivers should head to Progressive for affordable car insurance, where the average monthly premium is $127.
Married drivers are sometimes considered cheaper to insure than single drivers. That’s the case in New York City, where the cheapest rate for married drivers is almost $20 less than it is for singles.
| Insurance company | Monthly rate |
|---|---|
| Progressive | $127 |
| State Farm | $227 |
| NYCM | $243 |
| GEICO | $295 |
| Travelers | $435 |
| Allstate | $470 |
| USAA | $158 |
| Rates are for full-coverage car insurance for a married 35-year-old male with a good driving record. | |
Car insurance laws in New York
No-fault car insurance
New York is a “no-fault” state for car insurance, meaning drivers pay for their own medical expenses regardless of who is deemed responsible for an accident. This is one of the reasons that New York drivers must carry personal injury protection (PIP).
Financial Responsibility Insurance Certificate (SR-22)
An SR-22 is a certificate required in some states for drivers with previously suspended licenses. In New York, the certificate is not required, although drivers with an SR-22 who are moving to New York must carry the certificate for three years in their new home.
New York City car insurance: FAQs
Progressive is the cheapest car insurance provider in New York City, offering the best rates for full and minimum coverage, as well as for seniors, married couples and drivers with prior incidents.
For full coverage, New York City drivers pay an average of $280 a month. For minimum coverage, that figure is $159.
GEICO offers the lowest car insurance rates for drivers with bad credit, charging $412 a month for full coverage.
Methodology
The rates shown in this article are based on an analysis of more than 300,000 auto insurance quotes obtained from Quadrant Information Services for sample drivers from across New York City.
Unless otherwise noted, our sample driver is a single 35-year-old with good credit. All sample drivers own a 2012 Honda Accord LX that they drive for an average of 13,500 miles per year.
Our senior base driver is a 65-year-old male with a good driving record. Our young base driver is an 18-year-old male with a good driving record.
Minimum-coverage rates reflect the cost of policies meeting the minimum liability limits required by the state.
Full coverage policies include the following coverages, limits and deductibles:
- Bodily injury liability: 100,000 limit per person/$300,000 limit per accident
- Property damage liability: $100,000 limit
- Collision: $500 deductible
- Comprehensive: $500 deductible
Sources:
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