Cheapest Auto Insurance In Ny: Who Wins?

What is the Cheapest Auto Insurance in New York?

Auto insurance is a necessity for all drivers in New York, but finding an affordable policy can be challenging. The cost of car insurance in the Empire State is higher than the national average, with an annual rate of $1,808, compared to $1,543 across the US. New York is a no-fault state, which means residents pay higher premiums.

The cheapest car insurance in New York is offered by Progressive, with an average annual rate of $926, which is $882 less than the state average. Progressive also has the lowest rates for drivers with a speeding ticket, an accident, or a DUI on their record.

For minimum coverage, Progressive is again the cheapest option, with an average rate of $52 per month, or $877 per year.

For young drivers, Progressive also has the best rates, with an average annual rate of $168 per month for an 18-year-old driver.

For drivers with poor credit, Allstate is the cheapest option, with an average annual rate of $1,631.

For military members and their families, USAA offers affordable rates, although it is only available to this group.

Cheapest car insurance for teens in New York

Car insurance for teens in New York can be expensive, with the average annual rate for teen drivers being among the most costly in the state. However, there are still some insurance companies that offer more affordable rates for teen drivers.

Cheapest car insurance for teens with a clean driving record

According to US News, American Family and Geico offer the cheapest rates for 17-year-old drivers, with average annual rates of $2,668 and $2,054, respectively. These rates are significantly lower than the statewide average of $5,046 for female teen drivers and $5,487 for male teen drivers.

Cheapest car insurance for teens with a ticket

For teens with a speeding ticket on their record, Preferred Mutual offers the cheapest rates, with an average annual rate of $977. This is followed by NYCM at $1,053 and Progressive at $1,137.

Cheapest car insurance for teens with an at-fault accident

For teens who have been in an at-fault accident, NYCM offers the cheapest rates, with an average annual rate of $594. This is followed by Main Street America at $984 and Sterling Insurance at $1,106.

Cheapest car insurance for teens with a DUI

For teens with a DUI on their record, NYCM offers the cheapest rates, with an average annual rate of $767. This is followed by Main Street America at $944 and Progressive at $1,085.

Cheapest car insurance for teens with poor credit

For teens with poor credit, Utica National offers the cheapest rates, with an average annual rate of $1,159. This is followed by Preferred Mutual at $1,164 and NYCM at $1,207.

For teens living in New York City, the average annual rate for car insurance is $3,467, which is the highest in the state. However, there may be some insurers that offer more affordable rates for teens in this area. It is recommended that teens in New York City compare quotes from multiple insurers to find the best rate.

Tips for finding cheap car insurance for teens in New York

• Compare quotes from multiple insurers: It is important to shop around and compare quotes from different insurance companies, as rates can vary significantly.
• Consider a higher deductible: Opting for a higher deductible can lower your premium, but make sure you can afford the deductible in case you need to file a claim.
• Look for discounts: Many insurers offer discounts for teen drivers, such as good student discounts or discounts for completing a defensive driving course.
• Add a teen to a parent's policy: Teens can often get cheaper rates by being added to a parent's policy rather than purchasing their own separate policy.

Cheapest car insurance for young adults in New York

The cost of car insurance in New York is influenced by factors such as age, gender, location, driving record, vehicle type, and credit history. Young drivers, in particular, tend to pay higher premiums due to their relative lack of driving experience, which is statistically linked to a higher risk of accidents.

Cheapest Companies for Young Adults in New York

According to a June 2024 report, the cheapest car insurance providers for young adults in New York are:

• Progressive: $1,275 per year for 20-somethings and $1,162 per year for 60-year-olds.
• Kemper: $1,420 per year for 20-somethings and $1,098 per year for 60-year-olds.
• USAA: $1,702 per year (available only to military members and their families).

Cheapest Rates for Young Adults in New York

The cheapest rates for young adults in New York are offered by:

• Progressive: $1,079 per year for unmarried female 25-year-olds and $1,161 per year for unmarried male 25-year-olds.
• Kemper: $1,516 per year for male teens and $1,461 per year for female teens.

Factors Affecting Car Insurance Rates for Young Adults in New York

Young adults can lower their insurance rates by:

• Maintaining a clean driving record.
• Comparing quotes from multiple providers.
• Taking advantage of discounts for good grades, safe driving, and bundling policies.
• Increasing their credit score.
• Opting for a higher deductible.

Car Insurance Requirements in New York

By law, all vehicles registered in New York must be insured. The state mandates the following minimum liability coverages:

• $25,000 bodily injury liability per person.
• $50,000 bodily injury liability per accident.
• $50,000 liability for death per person.
• $100,000 liability for death per accident.
• $10,000 property damage liability per accident.
• $25,000 uninsured motorist coverage per person.
• $50,000 uninsured motorist coverage per accident.
• $50,000 personal injury protection.

Cheapest car insurance for seniors in New York

Car insurance rates in New York for seniors can be expensive, with the average cost of full coverage car insurance for seniors being $2,150 a year. However, there are ways to find good deals. Progressive, for example, provides the cheapest car insurance rate for senior drivers in New York at about $876 per year, or $73 per month.

How to Get the Cheapest Car Insurance Rates as a Senior in New York

• Shop around regularly: It is recommended to shop for car insurance every six months or annually to get the best rate.
• Raise your deductible: Increasing your deductible from $500 to $1,000 can save you money every month, but make sure you can afford the higher deductible.
• Ask about discounts: Discounts such as bundling with homeowners insurance, loyalty discounts, and discounts for years of being licensed can help lower your premium.
• Take a senior driving course: Senior drivers can save up to 8% on their car insurance in New York by taking an approved defensive driving course. The American Automobile Association (AAA) and AARP offer defensive driving courses for senior drivers in New York.

Cheapest Car Insurance Companies for Seniors in New York

According to various sources, the cheapest car insurance companies for seniors in New York include:

• Progressive
• USAA
• Geico
• Nationwide
• The Hartford
• Erie
• State Farm
• Travelers
• Esurance
• Allstate
• Mercury
• Auto-Owners
• Grange

Factors Affecting Senior Car Insurance Rates

Several factors can influence the cost of car insurance for seniors in New York:

• Age: Car insurance rates tend to increase for older drivers, especially after age 65, due to statistics showing that seniors are involved in more accidents than younger drivers.
• Driving history: At-fault accidents, speeding tickets, and DUIs will result in higher premiums.
• Location: Insurance rates vary by state and within states based on factors such as population and climate.
• Credit score: In most states, insurance companies consider credit history when determining rates, with lower credit scores leading to higher premiums.
• Gender: In most states, insurers can adjust rates based on gender.
• Deductible: A higher deductible typically results in a lower premium, but ensure you can cover the higher deductible in the event of a claim.
• Vehicle: The make, model, mileage, and value of your vehicle can impact insurance rates.
• Coverage options: The types and amount of coverage you choose will affect your premium.

Cheapest car insurance for drivers with a ticket in New York

The cost of car insurance in New York is heavily influenced by the driver's history, age, location, and other factors. The average cost of full-coverage car insurance in New York is $169 per month, or $2,030 per year. The average cost of minimum-coverage car insurance in New York is $88 per month, or $1,059 per year.

For drivers with a speeding ticket, New York Central Mutual Fire (NYCM) and USAA have the cheapest average rates, so make sure to get quotes from those companies.

For drivers with a ticket, the cheapest car insurance companies in New York are:

• NYCM Insurance: $102 per month
• Sterling Insurance: $72 per month
• Main Street America: $80 per month
• Geico: $104 per month
• Progressive: $86 per month

Other factors that affect car insurance premiums in New York

In addition to driving history, other factors that can affect car insurance premiums in New York include age, gender, credit history, marital status, vehicle type, and annual mileage.

Tips for getting cheap car insurance in New York

To get the cheapest car insurance in New York, it is recommended to:

• Shop around and compare quotes from multiple insurers.
• Choose a higher deductible.
• Consider lowering your coverage to the state minimum.
• Look for discounts, such as good driver discounts, student discounts, or homeowner discounts.
• Choose a vehicle that is cheap to insure.
• Maintain continuous coverage to avoid higher rates.

Cheapest car insurance for drivers with a DUI in New York

Car insurance rates in New York are already higher than the national average, and a DUI conviction will cause your rates to skyrocket. A DUI conviction will stay on your record for 10 to 15 years in New York, and during that time, you can expect to pay an average of $5,704 per year for full coverage, compared to $3,282 for the same coverage without a DUI.

Cheapest car insurance companies in New York after a DUI

According to MoneyGeek, the cheapest car insurance companies in New York for drivers with a DUI are:

• Progressive: $973 per year
• State Farm: $2,736 per year
• Allstate: $1,674 per year

WalletHub also found Progressive to be the cheapest option for drivers with a DUI, with rates of $76 per month.

Other ways to save on car insurance in New York

If you're looking for other ways to save on car insurance in New York, consider the following:

• Compare quotes from multiple insurers
• Choose a higher deductible
• Lower your coverage
• Look for discounts
• Choose a pay-per-mile insurance plan if you don't drive often
• Consider pay-as-you-drive insurance, which bases your rates on your driving habits

Frequently asked questions