How to Compare Car Insurance Quotes 2024
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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Cheapest New York Car Insurance (2024)

Published on:
Content was accurate at the time of publication.

Progressive is usually the best choice for New York drivers looking for either the cheapest full coverage or liability insurance.

Progressive is also often the cheapest choice for teenage drivers and those with a speeding ticket. But if you have an at-fault accident or bad credit, you might find a better deal elsewhere.

Find the Cheapest Car Insurance Quotes in Your Area

Drivers in New York looking for full-coverage car insurance tend to get the cheapest rates from Progressive, with an average yearly rate of $1,124. Erie is the second-cheapest for most New Yorkers, at $1,678 a year.

USAA also has a low average annual rate, at $1,422, but its insurance products are only available to active and retired military and their families.

Cheapest companies for full-coverage car insurance

CompanyAverage annual rate
Progressive$1,124
Erie$1,678
State Farm$1,780
Geico$2,209
Allstate$2,855
Travelers$3,142
USAA*$1,422

“Full coverage” is an umbrella term for the combination of liability, collision and comprehensive coverage.

Collision coverage handles damages resulting from a car accident. Comprehensive covers damage from other sources, such as falling ice or branches, as well as auto theft and vandalism.

New York law does not require you to carry full coverage. However, if you finance or lease your car, the lender will probably insist on full-coverage car insurance.

Progressive has the cheapest average rate for liability car insurance in New York, at $627 a year.

Erie is usually the next-cheapest choice for minimum liability cover, at $868 a year.

Cheapest companies for liability car insurance

CompanyAverage annual rate
Progressive$627
Erie$868
State Farm$1,021
Geico$1,038
Travelers$1,588
Allstate$1,590
USAA*$678

Each state has required liability car insurance limits. These cover the medical and repair costs of others involved in an accident you’re responsible for, as well as handling your court expenses due to the accident.

Progressive also has the cheapest rates for teen drivers in New York, at an average of $2,019 a year. State Farm is the next-cheapest at $3,216 a year.

Cheapest car insurance companies for teen drivers

CompanyAverage annual rate
Progressive$2,019
State Farm$3,216
Erie$3,516
Allstate$3,757
Travelers$3,999
Geico$4,050
USAA*$2,398

Teens tend to pay more for car insurance than other age groups, as their inexperience with driving makes them a high risk.

New York drivers with a speeding ticket or similar violation on their record will also tend to find the cheapest rate for car insurance with Progressive, at an average of $1,159 a year.

State Farm has the next lowest rates for most New Yorkers, at $1,957 on average.

Cheapest car insurance companies after a ticket

CompanyAverage annual rate
Progressive$1,159
State Farm$1,957
Erie$2,082
Geico$2,839
Allstate$3,505
Travelers$3,586
USAA*$1,603

A speeding ticket will stay on your driving record in New York for four years. During this time, insurance companies will consider you high risk and charge higher rates.

If you have an at-fault accident on your record in New York, you will probably find the cheapest full-coverage car insurance with Erie, which averages $1,678 a year in such cases.

Progressive is the next most affordable for those with an accident, at an average of $1,771 a year.

Cheapest car insurance companies after an accident

CompanyAverage annual rate
Erie$1,678
Progressive$1,771
State Farm$2,133
Allstate$3,897
Geico$3,986
Travelers$4,006
USAA*$1,422

If you are convicted in New York of driving under the influence (DUI) — also known as driving while intoxicated (DWI) — you can probably find your cheapest quote for car insurance with Progressive, with an average rate of $1,175.

Erie is your next cheapest choice for motorists with a DUI, at $2,796 annually.

Cheapest car insurance companies after a DUI

CompanyAverage annual rate
Progressive$1,175
Erie$2,796
Travelers$3,929
Allstate$4,001
State Farm$6,198
Geico$7,174
USAA*$2,028

A DUI/DWI stays on your record in New York for up to 15 years, during which time you’ll see higher car insurance rates.

If your driver’s license is suspended due to a DUI, you’ll have to file an SR-22 to get it reinstated. An SR-22 is proof that you carry New York’s minimum car insurance limits. New York state law requires you to carry the SR-22 for three years.

For New York drivers with a poor credit rating, Geico usually has the lowest car insurance rates, with an average of $3,139 a year. State Farm is next-cheapest, at $3,882 a year.

Best car insurance companies for drivers with bad credit

CompanyAverage annual rate
Geico$3,139
State Farm$3,882
Erie$4,202
Allstate$4,791
Travelers$6,341
Progressive$10,146
USAA*$2,627

Auto insurance companies see a link between credit scores and the chances of filing a claim. As a result, New York drivers with poor credit tend to pay higher car insurance rates.

Of the 25 biggest cities in New York, Albany has the cheapest car insurance rates at $1,582 a year. Hempstead has the most expensive average rates, at $4,004 a year.

Those living in New York City can expect an annual rate of $3,718 on average.

Car insurance rates by city in New York

CityAverage annual rate
Albany$1,582
Binghamton$1,465
Buffalo$2,077
Freeport$3,542
Hempstead$4,004
Ithaca$1,514
Kiryas Joel$2,272
Long Beach$3,448
Middletown$2,288
Mount Vernon$3,149
New Rochelle$2,378
New York$3,718
Niagara Falls$1,779
North Tonawanda$1,714
Poughkeepsie$1,998
Rochester$1,505
Rome$1,554
Schenectady$1,558
Spring Valley$2,544
Syracuse$1,597
Troy$1,539
Utica$1,609
Valley Stream$3,567
White Plains$2,308
Yonkers$2,728

New York is a “no-fault” car insurance state. This means you file an accident claim with your own car insurance company to cover damages, regardless of who was responsible for it.

In order to offset costs, states with no-fault car insurance laws often require drivers to carry uninsured/underinsured motorist coverage, as well as personal injury protection.

Minimum coverage for car insurance in New York

New York’s required liability car insurance coverage limits are:

  • $25,000 bodily injury coverage per person
  • $50,000 bodily injury resulting in death coverage per person
  • $50,000 bodily injury coverage per accident
  • $100,000 bodily injury resulting in death coverage per accident
  • $50,000 property damage coverage
  • $25,000 uninsured/underinsured motorist bodily injury coverage per person/$50,000 per accident

LendingTree obtains rates from insurance company filings reported to Quadrant Information Services. Rates shown in this article are based on an analysis of more than 800,000 car insurance quotes for sample drivers in every New York ZIP code. Your rates may vary.

Unless stated otherwise, our sample driver is a 30-year-old man with good credit and no tickets, accidents or DUIs driving a 2015 Honda Civic EX.

Minimum liability policies provide liability coverage with the state’s required minimum limits.
Full coverage policies include the following limits and deductibles:

  • Bodily injury liability: $50,000 per person, $100,000 per accident
  • Property damage liability: $25,000
  • Collision: $500 deductible
  • Comprehensive: $500 deductible

*USAA is only available to current and former members of the military and their families.