New York Central Mutual (NYCM) and State Farm offer the cheapest car insurance in New York City, beginning with minimum-coverage rates of $125 and $163 a month, respectively. However, if you’re in the military community, you may qualify for lower rates with USAA. Since price matters, here’s what you need to know about finding cheap car insurance in New York City.
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Cheapest car insurance companies in New York City
Our analysis of car insurance quotes from leading New York City car insurance companies reveals that NYCM, State Farm and USAA offer the cheapest rates to most types of drivers, including those with certain prior incidents on their record.
USAA is only available to current and former members of the military and their families, but we have included the organization in our analysis for reference.
Cheap minimum-coverage car insurance in New York City
Among companies available to the general public, NYCM offers the cheapest minimum-coverage car insurance in New York City, $125 a month, followed by State Farm, $163 a month, and GEICO, $167 a month.
The average price of minimum-coverage car insurance in New York City is $208 a month.
| Company | Annual | Monthly |
|---|---|---|
| NYCM | $1,501 | $125 |
| State Farm | $1,961 | $163 |
| GEICO | $2,006 | $167 |
| City average | $2,492 | $208 |
| Progressive | $2,804 | $234 |
| Travelers | $3,874 | $323 |
| Allstate | $4,041 | $337 |
| USAA* | $1,259 | $105 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
A minimum-coverage car insurance policy meets the New York state’s mandatory requirements for personal injury protection (PIP), liability and uninsured motorist coverage.
Cheap full-coverage car insurance in New York City
State Farm offers the cheapest full-coverage insurance to New York City drivers, $242 a month, followed by NCYM, $267 a month, and GEICO, $313 a month.
The average price of full-coverage car insurance in New York City is $361 a month.
| Company | Annual | Monthly |
|---|---|---|
| State Farm | $2,901 | $242 |
| NYCM | $3,203 | $267 |
| GEICO | $3,758 | $313 |
| City average | $4,333 | $361 |
| Progressive | $4,389 | $366 |
| Travelers | $6,411 | $534 |
| Allstate | $7,153 | $596 |
| USAA* | $2,519 | $210 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
In addition to meeting the state’s minimum requirements for personal injury protection and uninsured motorist coverage, a full-coverage policy includes collision and comprehensive coverage, as well as liability limits that exceed the state’s minimum requirements.
Cheap car insurance for NYC drivers with an accident or a speeding ticket
NYCM and State Farm offer nearly identical rates for drivers with a speeding ticket or an accident on their record. Both companies charge $267 a month to a driver with either of these prior incidents.
A speeding ticket bumps the average rate of full-coverage car insurance in New York City up to $405 a month, which is 12% more than a driver with a clean record pays. An accident increases the average price of full coverage 8% to $389 a month.
USAA charges NYC drivers with either a ticket or an accident on their record $228 a month for full-coverage car insurance.
| Company | Annual | Monthly |
|---|---|---|
| NYCM | $3,203 | $267 |
| State Farm | $3,209 | $267 |
| GEICO | $3,952 | $329 |
| Progressive | $4,389 | $366 |
| City average | $4,667 | $389 |
| Allstate | $7,153 | $596 |
| Travelers | $8,032 | $669 |
| USAA* | $2,732 | $228 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
| Company | Annual | Monthly |
|---|---|---|
| USAA | $2,732 | $228 |
| NYCM | $3,203 | $267 |
| State Farm | $3,209 | $267 |
| GEICO | $3,952 | $329 |
| Progressive | $4,588 | $382 |
| City average | $4,862 | $405 |
| Travelers | $7,373 | $614 |
| Allstate | $8,981 | $748 |
| USAA* | $2,732 | $228 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
Cheap car insurance for New York City drivers with a DUI
State Farm offers the cheapest car insurance to New York City drivers with a DUI, $267 a month, followed by Progressive, $386 a month, and NYCM, $421 a month.
A DUI raises the average price of full-coverage car insurance in New York City by 47% to $530 a month.
| Company | Annual | Monthly |
|---|---|---|
| State Farm | $3,209 | $267 |
| Progressive | $4,629 | $386 |
| NYCM | $5,047 | $421 |
| City average | $6,359 | $530 |
| Travelers | $8,115 | $676 |
| GEICO | $9,555 | $796 |
| Allstate | $10,377 | $865 |
| USAA* | $3,580 | $298 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
Who offers the cheapest car insurance to New York City teens?
NYCM offers the cheapest car insurance to New York City teens, charging 18-year-olds $212 a month for minimum-coverage car insurance and $492 a month for full coverage.
The next-best rates are available from USAA, which charges $458 for minimum coverage and $843 a month for full coverage, and State Farm, which charges $487 a month for minimum coverage and $746 a month for full coverage.
| Company | Annual | Monthly |
|---|---|---|
| NYCM | $2,543 | $212 |
| State Farm | $5,846 | $487 |
| City average | $7,011 | $584 |
| GEICO | $7,482 | $624 |
| Progressive | $8,376 | $698 |
| Allstate | $9,565 | $797 |
| Travelers | $9,772 | $814 |
| USAA* | $5,496 | $458 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
| Company | Annual | Monthly |
|---|---|---|
| NYCM | $5,904 | $492 |
| State Farm | $8,946 | $745 |
| City average | $12,991 | $1,083 |
| GEICO | $13,921 | $1,160 |
| Progressive | $14,062 | $1,172 |
| Travelers | $17,854 | $1,488 |
| Allstate | $20,131 | $1,678 |
| USAA* | $10,118 | $843 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
On average, 18-year-olds get charged more than twice as much for car insurance as those in their mid-30s.
Teens have the highest crash rate across all age groups, and this makes teen drivers among the most expensive to insure. A teen can usually get a lower rate on car insurance by being added to the policy of a parent or guardian.
Find cheap car insurance in New York City
Where can New York City seniors get cheap car insurance?
NYCM offers the cheapest minimum car insurance to senior citizens in New York City, charging 65-year-olds $132 a month for minimum coverage, but State Farm offers New York City seniors the cheapest full-coverage rate, $215 a month.
USAA charges 65-year-olds $107 a month for minimum coverage and $199 a month for full coverage.
| Company | Annual | Monthly |
|---|---|---|
| NYCM | $1,581 | $132 |
| State Farm | $1,755 | $146 |
| GEICO | $2,217 | $185 |
| City average | $2,614 | $218 |
| Progressive | $2,874 | $240 |
| Travelers | $3,989 | $332 |
| Allstate | $4,595 | $383 |
| USAA* | $1,284 | $107 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
| Company | Annual | Monthly |
|---|---|---|
| State Farm | $2,586 | $215 |
| NYCM | $3,020 | $252 |
| GEICO | $4,049 | $337 |
| Progressive | $4,363 | $364 |
| City average | $4,453 | $371 |
| Travelers | $6,599 | $550 |
| Allstate | $8,167 | $681 |
| USAA* | $2,387 | $199 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military members and their families. | ||
How do PIP and other car insurance coverages work in NYC?
PIP, or personal injury protection, provides no-fault coverage for car accident injuries. However, if you cause an accident in New York, you can be held financially responsible for property damage and certain medical costs not covered by PIP.
State laws require New York City motorists to carry car insurance with the following coverages and limits:
- PIP: $50,000 per person
- Bodily injury liability: at least 25,000 per person/$50,000 per accident
- Property damage liability: at least $10,000 per accident
- Uninsured Motorist: at least $25,000 per person/$50,000 per accident
If you and/or your passengers are injured in a car accident, PIP covers your initial medical bills, regardless of fault. PIP also covers a portion of lost earnings and provides other benefits, up to $50,000 per person.
It’s important to know that New York’s no-fault laws only apply to injuries. Here’s a look at the costs you may have to pay if you cause an accident or are in an accident caused by an uninsured motorist.
| Cost | Applicable coverage |
|---|---|
| Damage to other people’s vehicles or property in an accident you cause | Property damage liability |
| The portion of other people’s medical costs that exceed their $50,000 PIP limit | Bodily injury liability |
| Pain and suffering if an accident you cause results in death or permanent injury to someone else | Bodily injury liability |
| Medical costs for you and/or your passengers from an accident caused by an uninsured driver |
PIP: First $50,000 Uninsured motorist: Costs above $50,000 |
| Source: New York State Department of Financial Services | |
If your share of costs from an accident is greater than your policy’s limits, you may have to tap into your savings or other assets to cover the difference. This is the main reason to consider coverages and limits that exceed the state’s minimum requirements.
You can learn more about New York’s car insurance requirements and laws by visiting the New York State Department of Financial Services’ website.
Frequently asked questions about car insurance in New York City
How much is car insurance in NYC?
The average price of car insurance in New York City is $208 a month for minimum coverage and $361 a month for full coverage. You may qualify for rates that are considerably higher or lower, depending on the company you choose and your age, driving record, the discounts you qualify to receive and other factors.
How much car insurance do I need in NYC?
New York City drivers need $50,000 in personal injury protection (PIP), bodily injury liability and uninsured motorist coverage of at least $25,000 per person and $50,000 per accident, and at least $10,000 in property damage liability to satisfy state insurance requirements. Additional coverages and higher limits are available.
How can I get cheap car insurance in NYC?
The best way to get cheap car insurance in NYC is to compare quotes from multiple companies and make sure your insurance company gives you all the discounts you are eligible to receive. Most companies offer generous discounts to customers who bundle their car insurance with a home or renters policy.
Methodology
We obtained non-binding quotes from Quadrant Information Services for a typical driver in every New York City ZIP code to find the cheapest car insurance companies and rates. Unless otherwise noted, a typical 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 state’s minimum requirements for PIP, liability and uninsured motorist coverage.
Full-coverage policies meet the minimum requirements for PIP and uninsured motorist coverage and include the following additional 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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