New York City Car Insurance

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in New York has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in New York typically pay around $220.85 per month compared to the national average of $146.47 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

New York, NY Best Car Insurance Companies

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, New Jersey Manufacturers generally has the most affordable car insurance in New York coming in around $119.00 per month. Other companies to consider if you live in New York is Penn National with an average cost of $142.17 per month and Mercury which typically runs around $196.00 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in New York.

How Much is Car Insurance in New York, NY?

Rates can vary from city to city. The residents of Albany typically pay $117.12 per month while people who live in Bronx will pay $269.21 per month on average. See what people pay for car insurance in other cities in New York.

Cheap Car Insurance in New York by Zip Codes

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of New York. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Car Insurance Rates by Driver's Age Group in New York

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $407.61 per month in New York. Compare that to drivers in their 30’s who typically pay around $210.24 per month drivers in their 40s at $203.73 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Cheapest Insurance for Teenage Drivers in New York

If you are teen in New York you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, Erie typically charges around $360.84 per month. This is likely the most affordable option in New York. You might also want to consider New York Central Mutual Fire and State Farm who also offer good affordable policies for teen drivers.

Cheapest Insurance for 20 Year-olds in New York

20 year-olds in New York might want to consider New Jersey Manufacturers who, on average, offers car insurance rates around $119.00 per month. Penn National , Mercury , USAA and Erie are also in the top 5 cheapest rates available.

Cheapest Insurance for 30 Year-olds in New York

If you are in your 30s in New York our research has found that USAA typically has the most affordable coverage coming in around $196.43 per month, followed by State Farm at $207.91 and Travelers at $207.92.

Cheapest Insurance for 40 Year-olds in New York

On average, USAA offers car insurance for 40 year-olds in New York for around $183.29 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Erie. The full list of top companies is below.

Cheapest Insurance for 50 Year-olds in New York

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In New York we found that USAA generally offers the most affordable coverage at $167.65 per month.

Cheapest Insurance for 60 Year-olds in New York

If you live in New York and you’re in your 60s, our data indicates that USAA usually has the best rates at $169.42 per month. The top 5 list of car insurance companies is below.

Driver's Coverage Auto Insurance Rates in New York, NY

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In New York, the average monthly rate for a driver who is currently insured is $235.36 while drivers who are not currently covered will pay around $209.44.

Compare Recent Car Insurance Quotes in New York

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In New York a driver of a 2014 Audi A4 can expect to pay around $76.46 per month while someone that owns a 2019 Honda Accord may pay around $79.70 per month. Check out the list of recent quotes in New York below.

FAQ's for Drivers in New York, NY

New York City Auto Insurance Requirements

In New York, you are required to have auto liability insurance coverage. Drivers are also required to carry Personal Injury Protection Insurance (PIP) because New York is a no-fault state. PIP covers medical bills, financial losses and death benefits, regardless of who is at fault in an automobile accident.

What Is the Minimum Amount of Liability Coverage Requirement in New York City?

• $10,000 for property damage for a single accident.
• $25,000 for bodily injury and $50,000 for death for a person involved in an accident.
• $50,000 for bodily injury and $100,000 for death for two or more people in an accident.

Where Is Car Insurance Most Expensive and Cheapest in New York City?

The residents of Staten Island pay the least in insurance while the residents of Brooklyn pay the most. Overall, prices across NYC are higher than in many parts of the country.

What Is the Blood Alcohol Concentration (BAC) Limit in New York City?

In New York and every other state, the legal blood alcohol content (BAC) level limit is 0.08%. If you have a BAC of 0.08% you are legally considered drunk or intoxicated. A high BAC could result in a DUI or a DWI. If you have a DUI on your record and are seeking lower rates, let SmartFinancial find you the right insurer.

Can I Register My Car Without Insurance in New York City?

Your liability insurance coverage must be in effect while the registration on the car is valid, even if you do not use the car. Your insurance must be issued by a company authorized by the NY State Department of Financial Services and certified by NY State DMV. Your insurance must also be issued in the name of the vehicle registrant and remain in that registrant’s name at all times.

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