Find Cheaper New York Car Insurance Rates in 2024
Enter your New York zip code below to view companies that have cheap auto insurance rates.
Estimated auto insurance rates in New York for 2024 are $1,482 annually for full coverage insurance. Comprehensive insurance, collision insurance, and liability cost around $330, $602, and $382, respectively. New York, Freeport, and Hempstead have the most expensive car insurance rates, and the three companies who insure the most vehicles in New York are Geico, Allstate, and State Farm.
Average rate for full coverage: $1,482
Price estimates for type of insurance:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Price Range of Car Insurance in New York
For the normal driver, insurance rates range from as cheap as $452 for only liability insurance to a much higher rate of $3,198 for a driver who requires high-risk insurance.
These rate differences illustrate why anyone shopping for car insurance should compare prices for a specific zip code and their own personal driving habits, instead of using rates averaged for all U.S. states.
Use the form below to get accurate rates for your location.
Enter your New York zip code below to view companies that have cheap auto insurance rates.
Recommended Companies for Cheap New York Insurance
The chart estimates New York car insurance prices for various situations. The best price after discounts is $851. Drivers choosing higher $1,000 deductibles will pay about $1,270. The average price for a driver age 40 with no violations using $500 deductibles is $1,482. Using more expensive $100 deductibles for physical damage coverage could cost up to $1,890. If you have multiple accidents and violations you could be charged up to $3,198. The price for full coverage for a 16-year-old driver can be as high as $5,446.
Insurance prices in New York also have a wide range based on your vehicle choice, your risk profile, and deductibles and policy limits.
Opting for high physical damage deductibles could cut prices by as much as $620 every year, while increasing your policy's liability limits will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $344 more each year. View Rates by Deductible or Liability Limit
Your choice of vehicle has a significant impact on the price of insurance in New York. Electing to drive a cheaper and safer vehicle will save money on insurance thanks to cheaper replacement cost and lower severity of accident injuries. The next table shows premium estimates for the most popular vehicles insured in New York.
| Make and Model | Premium | % to Avg |
|---|---|---|
| Chevrolet Silverado | $1,562 | 5.1% |
| Dodge Ram | $1,606 | 7.7% |
| Ford Escape | $1,234 | -20.1% |
| Ford Focus | $1,432 | -3.5% |
| Ford Fusion | $1,570 | 5.6% |
| Ford F-150 | $1,392 | -6.5% |
| GMC Acadia | $1,364 | -8.7% |
| GMC Sierra | $1,538 | 3.6% |
| Honda Accord | $1,382 | -7.2% |
| Honda Civic | $1,618 | 8.4% |
| Honda CR-V | $1,200 | -23.5% |
| Honda Pilot | $1,406 | -5.4% |
| Hyundai Sonata | $1,502 | 1.3% |
| Kia Optima | $1,530 | 3.1% |
| Nissan Altima | $1,524 | 2.8% |
| Nissan Rogue | $1,488 | 0.4% |
| Toyota Camry | $1,510 | 1.9% |
| Toyota Corolla | $1,476 | -0.4% |
| Toyota Prius | $1,374 | -7.9% |
| Toyota RAV4 | $1,396 | -6.2% |
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Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Your auto insurance company definitely affects the cost of coverage. In New York, every insurance company has a different rate structure, and prices can be substantially lower or higher based on indivdual risk characteristics.
In New York, auto insurance prices range from $1,175 with USAA to as high as $4,368 with 21st Century. Other companies like Erie, Utica National, and Progressive fall somewhere in between. These are probably not the exact rates you would pay, as your vehicle make and model, any driving violations, and your location in New York all influence the price.
| Rank | Company | Market Share | Average Rate |
|---|---|---|---|
| 1 | Geico | 30.81% | $1,888 |
| 2 | Allstate | 14.80% | $1,572 |
| 3 | State Farm | 13.03% | $1,943 |
| 4 | Progressive | 8.01% | $1,527 |
| 5 | Liberty Mutual | 6.26% | $2,046 |
| 6 | Travelers | 4.13% | $1,544 |
| 7 | USAA | 2.79% | $1,175 |
| 8 | Nationwide | 2.67% | $3,116 |
| 9 | NYCM Insurance | 2.37% | $1,855 |
| 10 | Metropolitan | 1.63% | $1,604 |
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Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
An older driver with no violations or accidents and high physical damage deductibles may pay as little as $1,400 a year, or $117 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they should be prepared to pay as much as $5,400 a year. View Rates by Age
Where you choose to live in New York has a huge impact on auto insurance prices. Less congested rural areas could have rates as low as $1,100 a year, while New York and Freeport may have prices as high as $4,300. Even different neighborhoods within a few miles of each other in the same city can have a wide range of rates.
These geographic rate differences emphasize the significance of getting rates based on your location.
If you have a few violations or you caused a few accidents, you are probably paying at least $1,700 to $2,400 additional annually, depending on your age. High-risk driver insurance can be as much as 44% to 128% more than the average rate. View High Risk Driver Rates
With so much difference in prices, the only way to figure out your exact price is to compare prices and see which company has the best price. Each insurance company utilizes a different rate formula, and rates will be substantially different between companies.
New York Auto Insurance Articles
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,446 |
| 20 | $3,418 |
| 30 | $1,550 |
| 40 | $1,482 |
| 50 | $1,350 |
| 60 | $1,326 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,890 |
| $250 | $1,700 |
| $500 | $1,482 |
| $1,000 | $1,270 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,482 |
| 50/100 | $1,558 |
| 100/300 | $1,654 |
| 250/500 | $1,902 |
| 100 CSL | $1,597 |
| 300 CSL | $1,807 |
| 500 CSL | $1,960 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,778 |
| 20 | $5,426 |
| 30 | $3,276 |
| 40 | $3,198 |
| 50 | $3,046 |
| 60 | $3,020 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $79 |
| Multi-vehicle | $76 |
| Homeowner | $21 |
| 5-yr Accident Free | $111 |
| 5-yr Claim Free | $95 |
| Paid in Full/EFT | $70 |
| Advance Quote | $74 |
| Online Quote | $105 |
| Total Discounts | $631 |
Discounts are estimated and may not be available from every company or in every state.
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