Auto Insurance in New York
New York’s auto insurance rates are on the higher side — on average $2,093 per year, compared to the nationwide average of $1,669. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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New York holds the fourth-highest population in the United States, with over 8 million people living in New York City alone. New York offers many regions, from coastal to mountainous, which result in significant weather events. Severe blizzards and tropical storm damage are the major weather threats in the state, which also helps drive premiums up each year.
New York Minimum Liability
North Carolina requires a minimum of $30,000 in personal injury protection (PIP) insurance, $60,000 in accident coverage, and an additional $25,000 in property damage protection (PDP) coverage. While this coverage is higher than what many states require, it still doesn’t meet the recommended industry standard. Experts say that you should maintain at least $50,000 in personal injury protection insurance, and an additional $100,000 of accident coverage, known as the 50/100 plan.
New York’s minimum liability numbers for auto insurance are 25/50/10: $25,000 per person, $50,000 per accident, and $10,000 for property damage. This is half of the recommended auto insurance liability, which equals $50,000 per person, $100,000 per accident, and $50,000 for property damage, commonly called a 50/100 plan. Although you may believe the 50/100 plan is excessive, you should in fact look at all costs associated with an accident; even the recommended plan could fall short of reality. If the damage exceeds your coverage limits, it comes straight out of your pocket.
In 2013, the typical car accident cost $3,231 in property damage and $15,443 for bodily injury. This liability is completely covered under New York minimum liability auto insurance and the recommended coverage. However, that number is only the average. If the accident totals an exotic car, sends multiple people to the hospital, or damages expensive property, even the recommended liability might not cover everything. A higher coverage plan, such as a 100/300, provides you with protection against going into debt because of a car accident.
Shop around when you approach auto insurance companies. Many companies have online quote forms, live chat, and contact numbers so you obtain quote information quickly. When you reach out to multiple companies, strike a balance between the lowest premium cost and a comfortable amount of coverage. You may have to reach out to large and small auto insurance companies, since the best rates don’t always come from well-known companies.
Cheapest Car Insurance in New York
- $2,236State Farm
- $3,230Liberty Mutual
New York is an expensive state, and its residents don’t always have enough budgeted for the best coverage. These low-cost auto insurance companies fit the bill if the cheapest price is your primary concern; however, affordable insurance companies cost you in other ways.
For example, the customer service quality and accessibility may not be as good as more expensive companies. Another downside is when you run into problems getting your claims reimbursed. Many cheap auto insurance companies are larger auto insurance companies, who leverage their sheer scale to provide you with lower premium cost. However, this experience is not as personal as dealing with a local company that knows you by name.
Most Popular Companies by Marketshare
- State Farm
- Liberty Mutual
The most popular car insurance companies in New York offer a range of products and services, and they paste their advertisements on billboards, newspapers, commercials, and other places. These companies offer state minimum coverage for New York in addition to other plans with higher liability. You probably recognize some of these names due to their ad budgets, but remember that larger car insurance providers aren’t necessarily the best options for your needs.
Get quotes from car insurance companies, but don’t overlook less-known car insurance companies in New York. In many cases, the smaller companies can provide you with better deals or more personalized service.
Choosing the Best Car Insurance in New York
You want a company that serves your auto insurance needs over the long term. Your selection of the best New York auto insurance company depends on several factors, since the right combination often means searching beyond top companies. Extensive coverage is a primary consideration, along with fair premiums. Don’t overlook discounts, as these can get you better coverage from a top-rated auto insurance company.
You also want to consider whether the company has a fair claims process, as you don’t want to get into an accident and have to argue for your coverage. A company with a solid financial standings and many real agents indicates you’re dealing with a reputable company.
Where is car insurance most affordable?
New York’s car insurance rates vary wildly depending on city in which you live.
The premiums range from nearly twice the national average to slightly under national average. In general, the farther away you are from New York City, the lower your premiums will be each year.
No matter where you’re buying car insurance in New York, get several quotes for comparison before you make your final purchase decision. You aren’t automatically stuck with an expensive plan, even if you live near more expensive areas like Hempstead and Mount Vernon.
Albany Auto Insurance
Albany, the state capital of New York, is home to over 98,000 people. It has several universities and many state agencies, with a quiet town vibe compared to other major New York population centers. It’s also known for its stunning historical architecture and numerous parks. Albany’s average auto insurance premium is less than half of the state’s average, making this one of the least expensive places to insure a car in New York.
Buffalo Auto Insurance
Buffalo, on Lake Erie, has a population reaching over 258,000, placing it second behind New York City. Buffalo is growing quickly thanks to its strong economy, and it’s also one of the most affordable cities in the state. Many people come to Buffalo to enjoy its food scene, which spawned the famous buffalo wings enjoyed across the country. Car insurance is less expensive than the state average, contributing to an affordable cost of living.
Hempstead Auto Insurance
Hempstead, a small, scenic town home to over 56,000 people, is located on the waterfront in Nassau County. Its state parks and outdoor recreational land are beautiful, and its
Mount Vernon Auto Insurance
Mount Vernon is a small city with over 68,000 residents, and it’s located between New York City and the Bronx. Its convenient location has spurred its economic development, making Mount Vernon one of the fastest-growing cities in the state. Its architecture represents two major styles, with half the city using suburban design and the other half taking its influence from big city home design. Mount Vernon auto insurance is slightly above the state average premium.
New Rochelle Auto Insurance
New Rochelle, located in Long Island, is home to over 79,000 residents. It’s far enough outside New York City to provide a comfortable, family-friendly environment, while still allowing full access to NYC amenities. This city promotes a walkable design, which reduces the amount of cars on the road. Due to its location and lower accident risk, car insurance premiums are less than the state average.
New York Auto Insurance
New York City, with a population reaching over 8,336,000, is one of the most populated areas in the United States. Its arts, culture, food scene, and shopping districts, some of the best in the world, are contained in a relatively small area; many residents use taxis and the subway to get around town. Car insurance rates are higher than the state average, since drivers face major accident risks trying to navigate around crowded streets.
Niagara Falls Auto Insurance
Niagara Falls, home to over 55,000 people, has one of the most well-known waterfalls. While this city doesn’t have a large resident population, it does have a significant amount of tourist activity throughout the year. However, despite the tourist-heavy seasons, the auto insurance rates for Niagara Falls are lower than the state average.
Rochester Auto Insurance
Rochester, located on the western side of New York, is considered one of the most livable cities in the country. It provides an excellent balance of culture along with a smaller city feel, with a population over 210,000. Rochester is the third-largest city in New York, but its location and overall cost of living set the auto insurance rates at half of the state average.
Schenectady Auto Insurance
Schenectady has a long history dating back to the 17th century, when it was founded on the Mohawk River. Today, this town has over 82,000 people and is the future home of a major casino and waterfront revitalization project. Auto insurance in Schenectady is inexpensive compared to the state average, approximately half as much.
Syracuse Auto Insurance
Syracuse ranks fifth in New York, with a population over 144,000. It’s often considered the educational center of the state, and it’s home to several major convention complex and expo centers; the Great New York State Fair is a well-known event in this area. Syracuse auto insurance premiums are almost half the state average, making it incredibly affordable for residents.
Utica Auto Insurance
Utica is a smaller city in New York, with a population over 60,000; it’s one of the lowest cost of living areas in the state. Utica has a diverse population and heritage, creating a melting pot culture which plays out significantly in the food scene. Auto insurance costs in Utica are less than the state average.
White Plains Auto Insurance
White Plains, with over 53,000 residents, is a favorite for Manhattan commuters who don’t want to live in New York City. It’s one of the most affluent areas in New York, thanks to numerous corporate headquarters, well-known shopping districts, and arts programs. The cost of living in this area is high due to its location, and the auto insurance reflects the overall higher cost of living at just less than the state average.
Yonkers Auto Insurance
Yonkers is a larger city on the banks of the Hudson River, with a population over 199,000. It’s well known for its extensive shopping districts, which make up significant portions of the city; it also employs heavy mass transit usage, which reduces the cars on the road. However, this does not greatly impact the car insurance cost, which equals the state average.
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