Best Auto Insurance Rates in Troy, New York

On average your neighbors pay $103 a month.

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With a population of just under 50,000, Troy, New York, is a small city that shouldn’t be counted out. After all, it’s been hailed as one of the fastest growing areas for business in the Capital Region.

Growth like that brings more residents to the city and puts more of them on the highways. Which is great—except for when it has a negative impact on your car insurance rates.

Average Troy Car Insurance Rates

How much is car insurance in Troy, NY? Residents shouldn't be surprised that car insurance costs more in Troy than it does in many 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 in your zip code.

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

Let QuoteWizard help you find the rates that fit your needs and budget. We help consumers compare quotes from national insurance carriers and local independent agents. The result: you save up to 40 percent on premiums.

Last year, many people used QuoteWizard to compare quotes from multiple companies and find the cheapest car insurance rates in Troy, NY.

Best Car Insurance Companies in Troy, NY

These are the most common car insurance companies reported by QuoteWizard users in Troy, New York last year.

Other popular Troy, New York car insurance companies: Hartford, AIG, 21st Century, Safeco, American Family, Amica, Erie, and Mercury.

Top 10 Vehicles

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

  1. Honda Accord LX/EX
  2. Jeep Grand Cherokee Laredo
  3. Chrysler Pacifica
  4. Honda Civic EX
  5. Ford Taurus SE
  6. Dodge Ram 1500
  7. Ford Escape Titanium
  8. Ford Focus SE
  9. Ford Explorer XLT
  10. Ford F150
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Minimum Car Insurance Requirements in Troy, NY

Troy, 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 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 person who registered the vehicle. In addition, 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 Troy insurance rates.

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Troy, NY residents enjoy as many as 183 days a year of at least partial sunshine. It rains throughout the year, with around 122 days seeing measurable precipitation. Snow also is common in the Northeast and tends to create dangerous driving conditions. Troy sees as much as 47 inches of snowfall annually.  

Road Conditions

New York’s harsh winters often create massive potholes. According to TRIP, poorly maintained roads cost the state’s drivers $2,798 annually. If you would like to report a pothole in Troy, just contact Public Works at (518) 270-4579.

Traffic Congestion

According to the 2015 Inrix Mobility Scorecard, the Albany-Schenectady-Troy area is ranked 33rd for yearly delay per commuter—with each commuter being delayed 44 hours annually. Commuters also waste 20 extra gallons of gas because of these delays and spend around $984 in congestion costs.

Moving Violations

Moving violations such as speeding tickets, red light infractions, accidents, and drunk driving will give you a bad driving record and turn you into a high-risk driver. This will make your car insurance very expensive.

Traffic Tickets

The State of New York DMV website allows you to pay non-criminal traffic citations. It also details how drivers can request a hearing to contest a ticket and provides helpful traffic court information.

SR-22 DWI Insurance

A DWI may require you to obtain an SR-22 form. Request a quote, and we'll connect you with local agents from top companies that specialize in Troy DWI insurance.

Car Accident Statistics

Troy officials reported 774 car accidents in 2016 resulting in 349 injuries.

Traffic Fatalities

According to the County Crash Summary, Troy experienced two traffic fatalities in 2016. This works out to a fatality rate of 4.02 per 100,000 residents. All traffic deaths are a tragic loss, and considering the estimated population of 49,702 Troy is a safe city in terms of traffic fatalities per capita.

Vehicle Theft

Troy Police recorded 111 motor vehicle thefts in 2016. That’s a rate of 2.22 auto thefts per 1,000 residents. This is almost identical to the national rate of 2.20 thefts per 1,000 people.

Car Insurance Discounts

If you want to find affordable car insurance, discounts are one of the best ways to lower your insurance rates. Below are only some of the car insurance discounts available to drivers in Troy, NY.

  1. Are you married or getting married soon? Make sure you ask about the married discount
  2. Students that maintain at least a B grade point average can qualify for the good student discount
  3. Live in a safe zip code with low crime rates. If you live in a zip code where people file lots of insurance claims, you might be paying higher premiums
  4. Drive less. Living close to work can lower your rates if you qualify for the low mileage discount
  5. If you're 55 or older you could qualify for either the senior discount or the 55 and retired discount
  6. Go to an accredited driving school and take a defensive driving course

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