Key Takeaways
- Progressive offers the cheapest car insurance overall in New York for both minimum and full coverage.
- Annual average car insurance rates in New York are $4,112 for full coverage and $2,221 for minimum coverage.
- New York is expensive for car insurance, with both full and minimum coverage costing 78% more than the national average.
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Cheapest Car Insurance Companies in New York
Below are the five cheapest car insurance companies in New York:
- Progressive: $2,169
- American Family: $2,224
- USAA: $2,520
- Geico: $2,730
- Erie Insurance: $3,091
All companies are ranked based on an overall average of full coverage and minimum liability policy quotes for the state based on our methodology. We also ensured each option was a reputable company to ensure safety while comparing auto insurance options.
Cheapest Car Insurance Rates in New York
Rates depend on a variety of factors, so we’ve broken down the cheapest car insurance rates and the companies that offer them by driver and coverage category:
| Cheapest New York Car Insurance Category | Cheapest Car Insurance Company | Cheapest Monthly Car Insurance Rate |
|---|---|---|
| Minimum Coverage | Progressive | $129 |
| Full Coverage | Progressive | $232 |
| Young Drivers | Geico | $406 |
| Seniors | Progressive | $231 |
| Bad Credit | USAA | $280 |
| DUI | Progressive | $190 |
| Accident | American Family | $239 |
| Speeding Ticket | Progressive | $194 |
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Cheapest New York Car Insurance by Coverage
In the sections below, we’ll break down more of the cheapest car insurance options for minimum and full coverage. We’ll also highlight exactly how much you’ll be saving with each company on average.
Cheapest Minimum Liability Auto Insurance in New York
Overall, Progressive has the cheapest minimum liability car insurance rates in New York, sporting average pricing that is 43% below the state average of $2,221 per year or $185 per month.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| Progressive | $1,552 | $669 |
| USAA | $1,559 | $662 |
| American Family | $1,611 | $610 |
| Geico | $1,815 | $406 |
| Erie Insurance | $2,199 | $22 |
| State Average | $2,221 | $0 |
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Read more: Best Liability-Only Car Insurance
Cheapest Full-Coverage Auto Insurance in New York
Progressive offers the cheapest full-coverage car insurance in New York at rates of $2,786 per year, which is 32% cheaper than the state average.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| Progressive | $2,786 | $1,326 |
| American Family | $2,836 | $1,276 |
| USAA | $3,481 | $631 |
| Travelers | $3,643 | $469 |
| Geico | $3,646 | $466 |
| State Average | $4,112 | $0 |
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Read more: Best Full-Coverage Car Insurance
Cheapest New York Car Insurance by Driver Profile
Below, we’ve broken down the cheapest car insurance options in New York for high-risk driver categories. We will include the cheapest rates for young drivers between the ages of 16 and 25, seniors between 65 and 75 and those with bad credit, an accident, a DUI or a speeding ticket.
Read more: Cheapest Auto Insurance for High-Risk Drivers
Cheapest New York Auto Insurance for Young Drivers
On average, Geico is the cheapest car insurance option for young drivers aged 16 to 25 in New York.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| Geico | $4,866 | $1,421 |
| USAA | $5,436 | $851 |
| Travelers | $5,538 | $749 |
| Erie Insurance | $5,938 | $349 |
| Progressive | $6,320 | -$33 |
| State Average | $6,287 | $0 |
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Read More: Best Car Insurance for Teens and Best Car Insurance for Young Adults
Cheapest New York Auto Insurance for Seniors
With rates that are 44% lower than the state average, Progressive offers the cheapest car insurance for seniors in NY.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| Progressive | $2,771 | $2,171 |
| USAA | $4,170 | $772 |
| Geico | $4,239 | $703 |
| Travelers | $4,561 | $381 |
| Erie Insurance | $4,728 | $214 |
| State Average | $4,942 | $0 |
Read more: Best Car Insurance for Seniors
Cheapest New York Auto Insurance for Bad Credit
USAA is the cheapest car insurance option for military-affiliated drivers with bad credit in New York. If you’re not in the military or the family member of someone in the military, Geico is likely the most affordable option.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| USAA | $2,862 | $3,442 |
| Geico | $3,357 | $2,947 |
| Chubb | $5,714 | $590 |
| Travelers | $5,868 | $436 |
| Erie Insurance | $7,272 | -$968 |
| State Average | $6,304 | $0 |
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Read more: Best Bad Credit Car Insurance
Cheapest New York Auto Insurance With a DUI
Progresive, American Family and USAA have the most affordable New York car insurance for those with DUIs.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| Progressive | $2,277 | $1,968 |
| American Family | $2,768 | $1,477 |
| USAA | $2,838 | $1,407 |
| State Farm | $3,680 | $565 |
| Travelers | $3,948 | $297 |
| State Average | $4,245 | $0 |
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Read more: How Do DUIs and DWIs Affect Car Insurance Rates?
Cheapest New York Auto Insurance With a Recent Accident
American Family is the cheapest car insurance option in NY for those with a recent accident with rates that are 31% lower than the state average.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to State Average |
| American Family | $2,869 | $1,265 |
| USAA | $3,027 | $1,107 |
| Progressive | $3,301 | $833 |
| State Farm | $3,632 | $502 |
| Geico | $3,796 | $338 |
| National Average | $4,134 | $0 |
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Read more: What Is Accident Forgiveness Insurance?
Cheapest New York Auto Insurance With a Speeding Ticket
For those with speeding tickets, American Family, Progressive and USAA are likely to be your most affordable option in New York.
| Cheapest New York Car Insurance Company | Average Annual Cost | Savings Compared to National Average |
| American Family | $2,328 | $1,604 |
| Progressive | $2,570 | $1,362 |
| USAA | $2,828 | $1,104 |
| Erie Insurance | $3,375 | $557 |
| State Farm | $3,680 | $252 |
| National Average | $3,932 | $0 |
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Read more: Cheap Speeding Ticket Car Insurance
Average Cost of Car Insurance in New York
The average cost of full-coverage car insurance in New York is $343 per month or $4,112 per year, which is 53% more than the national average of $223 per month or $2,681 per year. For minimum coverage, the state averages $185 per month or $2,221 per year, which is 156% higher than the national average of $72 per month or $869 per year.
New York Auto Insurance Cost by City
Below you can compare averages for select cities in the state of New York:
| City In New York | Average Annual Minimum Coverage Rate | Average Annual Full-Coverage Rate |
|---|---|---|
| Corona | $2,092 | $4,744 |
| Elmhurst | $2,055 | $4,727 |
| Flushing | $2,067 | $4,724 |
| Forest Hills | $1,980 | $4,646 |
| New York | $2,571 | $8,931 |
| Ridgewood | $2,026 | $4,697 |
| Woodside | $1,964 | $4,619 |
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How To Get Cheaper Auto Insurance in New York
Although car insurance is expensive in New York based on our team’s research, finding the lowest rates available can save you considerable money on coverage. There are a few steps you can take to find more affordable premiums:
Compare quotes: No two drivers are the same, and insurers can vary widely on the rates they offer drivers in different categories. The same company that offers your neighbor the cheapest rates may not have the lowest prices for you. You should get quotes from multiple providers and compare them to find the cheapest policy.
Increase your deductible: A low car insurance deductible can offer peace of mind, knowing you won’t have to pay a large sum out of pocket toward covered repairs. However, it can also drive up your car insurance premium. If you need to save money now, raising your deductible is a quick and effective way to do it.
Drop unnecessary coverage: Add-ons like rental car reimbursem*nt and roadside assistance can be nice when you can afford them. However, if your budget is tight due to increasing rates, dropping these options could bring your rate down while keeping your primary coverages intact.
Reduce your coverage limits: Another way to reduce your rates is to lower the limit of what your insurer will pay out on a claim. While this can bring your premiums down in a hurry, it also leaves you at significantly more financial risk in the event of an accident.
New York Auto Insurance Requirements
New York law requires all drivers to carry liability car insurance. It’s also a no-fault state, which means in an accident, every driver must file a claim with their own insurance company to have their medical expenses covered, regardless of who’s at fault. Because of the state’s no-fault status, New York drivers are required to purchase personal injury protection (PIP) as well.
Drivers in the Empire State need to purchase the following state minimum required coverage and coverage limits:
- Bodily injury liability (BI): $25,000 per injury not resulting in death or $50,000 for any injury resulting in death for one person in an accident; $50,000 for two or more people who’ve sustained injuries not resulting in death or $100,000 for two or more people who’ve sustained injuries resulting in death
- Property damage liability (PD): $10,000 per accident
- Personal injury protection (PIP): $50,000 per person
Commercial Auto Insurance New York
If you own a business, you’re required to have commercial auto insurance coverage. Coverage limits depend on whether you’re using a passenger vehicle or cargo vehicle. For passenger vehicles:
- 1-12 people: 100/300/50
- 12 or more people: 100/500/50
For contract cargo carriers, the requirements are:
- Property carriers: 100/300/50
- Hazardous materials carriers: $1 million or $5 million combined single limit (CSL), depending on materials
Cheap Car Insurance in New York: The Bottom Line
Progressive, American Family and USAA are some of the best cheap car insurance providers in New York. While these companies stand out in the Empire State, we encourage you to gather quotes from several different providers on our list of recommendations to find the best price.
Cheapest Car Insurance in New York: FAQ
Below are some frequently asked questions about cheap car insurance in New York:
Car insurance in N.Y. is about $343 monthly for full coverage or $73 monthly for minimum liability.
The state minimum car insurance required in N.Y. is liability insurance in the following limits:
- Bodily injury liability (BI): $25,000 per person and $50,000 for the death of one person and/or $50,000 per person and $100,000 for the death of two or more people
- Property damage liability (PD): $10,000 per accident
One reason New York car insurance is so expensive is because New York is a densely populated state — in fact, it’s home to the most populous city in the country, New York City. More people means a higher potential for claims due to traffic accidents, vandalism and theft. It’s also a no-fault state, which means it requires PIP coverage, adding to the cost of minimum coverage requirements.
How We Chose the Cheapest Car Insurance Companies in New York
Our choices for the cheapest car insurance companies in New York were based on quotes for a 35-year-old driver with good credit and no driving violations for both minimum and full coverage. Minimum-coverage levels are based on requirements in the state and the full-coverage limits are as follows:
- $50,000 in bodily injury coverage per person
- $100,000 in bodily injury coverage per accident
- $50,000 in property damage coverage per accident
- $500 deductible
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
- Coverage (30% of total score): Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Cost and Discounts (25% of total score): Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities are both taken into consideration.
- Industry Standing (20% of total score): Our research team considers market share, ratings from industry experts and years in business when giving this score.
- Customer Experience (15% of total score): This score is based on volume of complaints reported by the National Association of Insurance Commissioners (NAIC) and customer satisfaction ratings reported by J.D. Power. We also consider the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.
- Availability (10% of total score): Auto insurance companies with greater state availability and few eligibility requirements score highest in this category.
Our credentials:
- 800 hours researched
- 130+ companies reviewed
- 8,500+ consumers surveyed
*Data accurate at time of publication.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.com.
