NYCM Car and Home Insurance Review
- Cheap car and home insurance rates
- Wide range of discounts
- Several auto coverage options
- Satisfied customers
- Only available in New York
- You need to contact an agent to change your policy
Is NYCM a good company?
NYCM is a good company if you want cheap car or home insurance. Its liability and full coverage car insurance rates are far below the national average, as are its home insurance rates.
Another point in NYCM’s favor is that customers seem to be pretty happy with it. J.D. Power gave NYCM a score of 659 out of 1,000 in its 2024 U.S. Auto Insurance Study
NYCM also received an A (excellent) financial strength rating from AM Best, which means it is well able to pay out claims.
How much is NYCM car insurance?
NYCM’s average liability car insurance rate is $475 a year. Full coverage car insurance from NYCM costs $1,327 a year, on average.
NYCM’s liability rate is 43% cheaper than the national average of $829 a year. Its full coverage rate is 37% cheaper than the national average of $2,101 a year.
Also, NYCM’s car insurance rates are cheaper than those of every other company we surveyed in New York except USAA. Only members of the military and their families can buy insurance from USAA, though.
Car insurance rates by company
| Company | Full coverage | Liability only | LendingTree score | |
|---|---|---|---|---|
| NYCM | $1,327 | $475 |  |
 | Erie | $1,375 | $516 |  |
 | State Farm | $1,604 | $661 | |
 | Auto-Owners | $1,740 | $632 |  |
 | Travelers | $1,806 | $792 | |
 | NJM | $1,877 | $1,034 | |
 | Farm Bureau | $1,911 | $637 | |
 | American Family | $2,019 | $751 | |
 | Progressive | $2,078 | $801 | |
 | Geico | $2,109 | $797 |  |
 | Nationwide | $2,402 | $1,024 |  |
 | Amica | $2,784 | $1,120 | |
 | Allstate | $2,960 | $1,344 | |
 | The Hartford | $3,186 | $1,229 |  |
 | Farmers | $3,462 | $1,363 | |
 | USAA* | $1,322 | $437 | |
NYCM car insurance cost for a bad driving record
NYCM’s average full coverage insurance rate after a speeding ticket is $2,506 a year. The company’s average car insurance rate after an accident is $1,610 a year, while its average rate for drivers with a DUI conviction is $1,981 a year.
NYCM’s car insurance rates for drivers with incidents on their records are cheaper than those from other companies in most cases.
Car insurance rates by driving incident
| Company | Clean record | Ticket | Accident | DUI |
|---|---|---|---|---|
| NYCM | $1,327 | $1,327 | $1,610 | $1,981 |
| Erie | $1,375 | $1,551 | $1,806 | $2,404 |
| State Farm | $1,604 | $1,755 | $1,846 | $3,901 |
| Auto-Owners | $1,740 | $1,883 | $2,400 | $3,719 |
| Travelers | $1,806 | $2,319 | $2,524 | $2,737 |
| NJM | $1,877 | $2,506 | $2,047 | $2,506 |
| Farm Bureau | $1,911 | $2,156 | $2,586 | $3,924 |
| American Family | $2,019 | $2,414 | $3,191 | $3,368 |
| Progressive | $2,078 | $2,728 | $3,102 | $2,656 |
| Geico | $2,109 | $2,763 | $3,634 | $5,067 |
| Nationwide | $2,402 | $3,178 | $3,853 | $5,332 |
| Amica | $2,784 | $2,987 | $4,313 | $9,749 |
| Allstate | $2,960 | $3,513 | $4,709 | $4,680 |
| The Hartford | $3,186 | $4,254 | $4,945 | $4,882 |
| Farmers | $3,462 | $4,589 | $5,535 | $5,307 |
| USAA* | $1,322 | $1,603 | $1,809 | $2,576 |
NYCM auto insurance rates for teens
NYCM’s average car insurance rate for an 18-year-old driver is $828 a year for liability coverage and $2,329 a year for full coverage.
These teen car insurance rates are cheaper than all other companies we surveyed in New York.
Car insurance rates for 18-year-old drivers
| Company | Full coverage | Liability only |
|---|---|---|
| NYCM | $2,329 | $828 |
| Erie | $3,108 | $1,144 |
| State Farm | $4,577 | $2,082 |
| Auto-Owners | $4,839 | $2,125 |
| Geico | $5,590 | $2,249 |
| Travelers | $5,978 | $2,737 |
| NJM | $4,096 | $2,446 |
| Farm Bureau | $4,371 | $1,715 |
| American Family | $6,385 | $2,684 |
| Progressive | $8,434 | $3,111 |
| Nationwide | $8,214 | $3,717 |
| Amica | $9,943 | $4,272 |
| Allstate | $8,547 | $3,939 |
| The Hartford | $9,080 | $2,991 |
| Farmers | $11,931 | $5,377 |
| USAA* | $3,188 | $1,146 |
NYCM car insurance discounts
NYCM offers a wide range of car insurance discounts, including:
- Airbag/Automatic Seatbelt
- Alarm System
- Anti-Lock Braking System
- At Fault Accident Forgiveness
- Auto-Pay Discount
- Claim Free
- Daytime Running Lamps
- Defensive Driving
- Driver Training
- Good Student
- Homeownership
- Injury Protection
- Multi-Policy
- New Car
- Senior
- Student Away at School
NYCM’s homeownership discount is an interesting one. While it offers a bundling discount when you have both an auto and home insurance policy with NYCM, its homeownership discount helps you save on your auto coverage whether or not you have home insurance with NYCM.
NYCM car insurance coverage
A standard car insurance policy from NYCM includes coverage for:
- Bodily injury liability
- Personal articles
- Transportation expenses
- Personal injury protection (PIP)
- Uninsured motorist
NYCM’s personal articles coverage stands out because it pays out when your belongings are damaged by a covered loss. You usually need to file a claim with your home or renters insurance policy for damaged or destroyed belongings.
You can also get these optional types of car insurance coverage from NYCM:
- Collision
- Comprehensive
- Medical payments
- New car replacement
- Basic economic loss
- Original equipment manufacturer (OEM)
- Supplementary uninsured motorist
How much does NYCM home insurance cost?
NYCM charges $529 a year for homeowners insurance, on average. This is 81% cheaper than the national average of $2,801 a year. It’s also much cheaper than every other company we surveyed in New York.
Home insurance rates by company
| Company | Annual rate |
|---|---|
| NYCM | $529 |
| NJM | $1,137 |
| Erie | $2,055 |
| State Farm | $2,427 |
| Allstate | $2,560 |
| Nationwide | $3,055 |
| American Family | $3,072 |
| Travelers | $3,149 |
| Farmers | $3,801 |
| USAA* | $2,507 |
NYCM home insurance discounts
NYCM’s home insurance discount options include:
- Claim Free
- Gated Community
- Green Home
- Home Buyer
- Multi-Policy
- Protective Device
- Renovation
- Retiree
- Work from Home
What does NYCM homeowners insurance cover?
NYCM home insurance includes coverage for:
- Dwelling
- Other structures
- Personal property
- Loss of use (LOU)
- Personal liability
- Medical payments
Methodology
LendingTree uses insurance rate data from Quadrant Information Services using publicly sourced insurance company filings. Car insurance rates are based on an analysis of hundreds of thousands of quotes for a typical driver. Your own rates may be different.
Unless noted otherwise, car insurance quotes are for a full coverage policy for a 30-year-old man with good credit and a clean driving record who drives a 2015 Honda Civic EX. Our sample teen driver is an 18-year-old male with a clean driving record.
Full coverage car insurance policies include collision, comprehensive and liability coverage:
- Bodily injury liability: $50,000 per person, $100,000 per accident
- Property damage liability: $25,000
- Uninsured motorist: $50,000 per person, $100,000 per accident if required in that state
- Personal injury protection: Minimum limits if required in that state
- Collision: $500 deductible
- Comprehensive: $500 deductible
Homeowners policies include:
- Dwelling coverage: $400,000
- Other structures: $40,000
- Personal property: $200,000
- Personal liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
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Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third-party customer service ratings and app/website experience. We weighted these categories based on what customers value in an insurance company.
For third-party customer service ratings, we included complaint index scores from National Association of Insurance Commissioners (NAIC) and financial strength ratings from AM Best. NAIC complaint index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from AM Best reflect the ability to pay out claims.
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*USAA only offers insurance products to military members and their families