Cheapest New York Car Insurance (2024)
- Expertise: Auto insurance, home insurance and renters insurance
- Education: Sonoma State University (BA in English)
Aaron Besson has worked at LendingTree for more than seven years and has been a staff writer for the last five years. He specializes in producing research-backed content about auto, home and renters insurance. Aaron enjoys the deep dig into insurance data to get the right answers to hard questions. His work has been cited by CBS, iHeart Radio, the Sacramento Bee and Yahoo.
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.
Cheapest full-coverage car insurance in New York: Progressive
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
| Company | Average 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.
Cheapest New York liability-only coverage: Progressive
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
| Company | Average 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.
Cheapest rates for young drivers in New York: Progressive
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
| Company | Average 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.
Cheapest rates after a speeding ticket in New York: Progressive
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
| Company | Average 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.
Cheapest rates after an accident in New York: Erie
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
| Company | Average annual rate |
|---|---|
| Erie | $1,678 |
| Progressive | $1,771 |
| State Farm | $2,133 |
| Allstate | $3,897 |
| Geico | $3,986 |
| Travelers | $4,006 |
| USAA* | $1,422 |
Best rates after a DUI in New York: Progressive
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
| Company | Average 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.
Best New York rates for bad credit: Geico
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
| Company | Average 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.
New York insurance rates by city
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
| City | Average 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 car insurance laws
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
Methodology
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.