Finding Affordable Auto Insurance In New York

Finding cheap car insurance in New York can be challenging, as the state has a high cost of living, dense population, and high minimum coverage requirements. The cheapest car insurance companies in New York are NYCM Insurance, Progressive, American Family, and Geico. The average cost of full-coverage car insurance in New York is $169 per month, or $2,030 per year, while the average cost of minimum-coverage car insurance is $88 per month, or $1,059 per year.

Cheapest car insurance for young drivers

Car insurance rates for young drivers in New York are some of the highest in the country. Young drivers in the state can expect to pay around $390 per month for minimum coverage and $594 per month for full coverage. However, there are a few insurance companies that offer more affordable rates for young drivers. Here are some of the cheapest options:

Progressive

Progressive is one of the cheapest options for young drivers in New York, offering rates that are nearly 30% cheaper than the state average. Their average monthly rate for young drivers is $168 for minimum coverage and $281 for full coverage.

American Family Insurance

American Family Insurance is another affordable option for young drivers, especially those with driving violations. Their rates for young drivers start at $168 per month for minimum coverage and $290 per month for full coverage.

Geico

Geico is also a good choice for young drivers in New York, especially if they have a clean driving record. Their rates start at $168 per month for minimum coverage and $281 per month for full coverage.

New York Central Mutual Fire

This company offers competitive rates for young drivers, especially for full coverage policies. Their average monthly rate for young drivers is $199 for minimum coverage and $312 for full coverage.

Allstate

Allstate is another option for young drivers in New York, particularly those with poor credit. Their rates start at $278 per month for full coverage and $625 per month for drivers with poor credit.

It's important to note that car insurance rates can vary depending on various factors such as age, driving record, location, and type of vehicle. It's always a good idea to compare quotes from multiple insurance providers to find the best rate for your specific situation.

Cheapest car insurance for adults

Car insurance in New York is more expensive than in most other states, with the average cost of full coverage being $2,075 per year, or $173 per month. The cheapest car insurance for adults in New York is offered by NYCM, Progressive, and Geico.

NYCM offers the cheapest rates for minimum coverage in New York, with an average rate of $309 per year. The average cost of minimum coverage in New York is $804 per year, or $67 per month.

The cheapest full coverage car insurance in New York is offered by NYCM, with an average rate of $947 per year, according to NerdWallet's September 2024 analysis. Progressive is another good option for adults looking for full coverage, with an average rate of $926 per year.

According to WalletHub, Geico offers the cheapest car insurance for adults in New York with poor credit, with an average rate of $84 per month.

Progressive offers the cheapest car insurance for adults in New York with a DUI, with an average rate of $98 per month.

Cheapest car insurance for seniors

Car insurance rates in New York for senior citizens are higher than the national average. Senior drivers in New York pay an average of $2,156 for auto insurance, which is $558 more than the national rate of $1,598 for seniors.

According to a rate analysis by CarInsurance.com, Progressive provides the cheapest car insurance rate for senior drivers in New York at about $876 per year, or $73 per month.

The cost of car insurance for seniors in New York varies depending on age. The average car insurance cost for a 60-year-old driver in New York is $1,911 per year for a full coverage policy. A 70-year-old driver in New York pays 16% more than a 60-year-old driver, and a 75-year-old driver pays 30% more than a 60-year-old driver.

Below are the cheapest, full-coverage car insurance rates in New York for drivers at various ages:

• Cheapest for seniors overall: Progressive, $73 per month
• Cheapest for seniors at age 60: Progressive, $62 per month
• Cheapest for seniors at age 65: Progressive, $67 per month
• Cheapest for seniors at age 70: Progressive, $75 per month
• Cheapest for seniors at age 75: Progressive, $88 per month

In addition to Progressive, other insurance companies that offer cheap car insurance for seniors in New York include:

• NYCM
• Kemper
• GEICO
• American Family
• USAA
• Erie Insurance

Cheapest car insurance after a speeding ticket

After receiving a speeding ticket, car insurance rates in New York tend to increase. However, some companies offer lower rates than others. Here is a list of the cheapest car insurance companies in New York for drivers with a speeding ticket:

• Progressive: $953 per year
• American Family: $1,166 per year
• Allstate: $1,341 per year
• Geico: $1,508 per year
• Utica National: $1,647 per year
• Preferred Mutual: $1,826 per year
• State Farm: $1,870 per year
• Mercury: $5,671 per year

The average cost of car insurance in New York after a speeding ticket is $2,064 per year.

Cheapest car insurance after an accident

After an accident, car insurance rates in New York can increase by an average of 33%. However, the cheapest car insurance in New York after an accident depends on individual circumstances, such as age, driving history, and location.

For example, for a 35-year-old driver with a clean driving record, the cheapest car insurance in New York for minimum coverage is offered by Utica National, with an average annual premium of $1,020. On the other hand, for a 20-year-old driver with a clean driving record, the cheapest car insurance in New York for minimum coverage is offered by New York Central Mutual Fire, with an average annual premium of $912.

Similarly, for a 35-year-old driver with a history of an at-fault accident, the cheapest car insurance in New York for minimum coverage is offered by Utica National, with an average annual premium of $1,128. In contrast, for a 20-year-old driver with a history of an at-fault accident, the cheapest car insurance in New York for minimum coverage is offered by Progressive, with an average annual premium of $1,092.

Furthermore, location plays a significant role in determining the cost of car insurance in New York. For instance, in Ithaca, the average annual premium for minimum coverage is $1,553, while in Brooklyn, it is $3,820.

Therefore, to find the cheapest car insurance in New York after an accident, it is essential to compare quotes from multiple companies, considering factors such as age, driving history, and location.

Frequently asked questions