Cheapest Car Insurance Rates for January 2021
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Cheap Auto Insurance in New York: Best Companies & Quotes
Best Car Insurance Companies in New York
- New York Central Mutual Fire
- State Farm
|Geico||New York Central Mutual Fire||Progressive||State Farm||Travelers||Allstate|
|AM Best Financial Strength Rating||A++||A||A+||A++||A+||A+|
|JD Power 2019 Overall Customer Satisfaction score||3/5||Not Rated||3/5||5/5||4.5/5||3/5|
|Avg Annual Premium||$984||$1,008||$1,242||$1,493||$1,808||$2,063|
|Consumer Reports Reader Score||78||N/A||75||78||N/A||72|
Auto Insurance Statistics in New York
Auto insurance rates in New York have been significantly higher than the national average for many years. Drivers in the state can benefit from learning how auto insurance rates in New York compare to other states when it comes to taking out car insurance policies.
Top 10 Cheapest Car Insurance Companies in New York
|Rank||Company Name||Avg. Annual Premium|
Drunk Driving Fatalities
Drinking and driving is not only dangerous, it is often deadly. To prevent deaths from drinking and driving in New York, it is essential that drivers consider abstaining from operating a vehicle when under the influence of alcohol. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in New York vs. nationwide.
Drunk driving fatalities in New York from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in New York is higher than the national average in 2017. This data shows that more teens in the state are driving while under the influence when compared with the rate of teens drinking and driving across the country. The below statistics compare the percentage of New York drivers that are teenagers who are drinking and driving related to national averages.
Teen Drinking & Driving in New York vs. Nationwide (2017)
Source: Center For Disease Control
SR-22 Insurance in New York
SR-22 insurance in New York can get slightly confusing. While some people still may be required to have SR-22 insurance filings to drive a vehicle in the state (after they’ve committed a serious infraction), it is not required in most cases. This is due to a change in regulation in 2010.
Still, if you do need SR-22 insurance in New York, it will need to cover the basic coverage requirements issued by New York City. Your insurance provider will also need to provide direct evidence to the New York DMV that you have a policy. No matter what type of insurance policy you purchase in New York, you need to make sure to shop around for multiple rates before you make a purchasing decision.
Car Theft in New York
Car theft in New York is actually much less than in any other state nationwide. By finding out about the rate of car theft in New York, drivers will have a more comprehensive understanding of the level of risk they take while driving and owning a car in the state.
Vehicle thefts by rank nationwide vs. New York
Uninsured Motorists in New York
Without auto insurance, drivers will have to pay out of pocket for accident-related expenses. If you are in an accident with an uninsured driver, it is helpful to have uninsured and underinsured motorist coverage. This can protect you from having to pay for property damage costs and medical bills directly out of pocket. The below data shows how well New York ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
Source: Insurance Information Institute
Before you go shopping for auto insurance, it is always advisable to review the different policies available and compare the service delivery of different providers. This helps you to find the best deal at the lowest cost possible. It is also important to understand the requirements of the law when it comes to auto insurance in New York.
Understand that New York is a no-fault state. This means that every driver is expected to have his/her insurance coverage. In the case of an accident, your insurance provider must step up regardless of whom fault it was. That is a requirement by the law in New York, regardless if you live in Downtown New York, Buffalo, Brooklyn or Rochester.
In New York, the minimum auto coverage for individuals is as follows.
Bodily Injury $50,000 per accident
Bodily Injury $25,000 per person
Property Damage $10,000 per accident
Bodily Injury $50,000 per accident
Bodily Injury $25,000 per person
Personal Injury Protection
$50,000 per person.
Finding cheap auto insurance.
In New York, there are many insurance companies offering auto insurance coverage. The following is a list of the top ranked insurance companies in New York today.
Company yearly rate
Erie Car Insurance $1,149
State Farm $1,519
Mercury Car Insurance $1,714
Cheapest auto insurance for young drivers
Young drivers are described as all drivers in their early 20s. Usually, people in their early 20s require less insurance coverage compared to people with families and savings to protect. Due to this factor, insurance companies often charge them less when it comes to auto insurance premiums.
Geico, Travelers, and New York Central Mutual Fire are among the cheap car insurance companies for young drivers. Geico charges the cheapest at an average of $48 per month for young drivers. Travelers charge $1,090 per year followed by New York Central Mutual Fire at $1,104 per year for young drivers.
Young drivers who are still in school and scoring a B average or better can get a student discount from their insurer. This is usually for young drivers under 25 years.
Cheapest auto insurance for good drivers
Good drivers are drivers who don’t have cases of DUIs, no fault accidents, or traffic violations. Such drivers can get better deals compared to other drivers. Good drivers can also get discounts if they maintain a clean driving record. These discounts include a claim-free discount for staying away from accidents for an extended period.
Geico, Travelers, and Progressive are the best auto insurance for good drivers. Geico charges a rate of $1,056 per year followed by travelers at $1,287/year and lastly progressive at $1,461 per year.
Cheapest auto insurance for drivers with bad credit.
With a poor credit, it can be difficult to find a cheap auto insurance coverage. However, there are companies that are willing to cover you even when you have bad credit. Progressive, Geico, and Travelers are the cheapest respectively.
Progressive charges $1,461/year for drivers with poor credit followed by Geico at $1,472/year then Travelers at $2,591 per year. It is advisable to do your research to find the company that will offer you the best deal.
Cheapest auto insurance for retired drivers
Retired drivers sometimes find it difficult to find cheap auto insurance as rates go higher with age. This doesn’t always mean you cannot get a good deal in New York. Thankfully to their reduced driving hours or hours behind the wheel, they can get better rates as well. Their minimal exposure to accidents also helps them to secure better deals with auto insurance companies.
A retired person can also increase his/her chances of getting better auto insurance rates by refreshing his/her driving skills. This can be done through an online course for accident prevention. Doing so reduces their insurance rates by 10% in 3 years.
Geico offers retired drivers the best rates at $853/year followed by State Farm at $1,343/year then Travelers Company at $1,431 per year.
To find more information on city-specific cheap auto insurance in New York visit https://www.valuepenguin.com/best-cheap-car-insurance-new-york.
Shopping around for auto insurance can save you a lot of money. Don’t just settle for the first insurance company that makes you an offer. It is good to look around to see if you can find better services at lower prices.
Types of Auto Insurance Coverage in New York:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Cheap Auto Insurance Discounts
At CheapAutoInsurance.co, we make it easy to get cheap insurance quotes in New York. We have put together a list of the best auto insurance discounts in the state. Browse the list below to find some of the auto insurance discounts listed that can help you to save on the cost of car insurance in New York each year.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Auto Insurance
In this section, you will find general auto insurance questions in New York such as how much car insurance is to how to change your policy.
How much is car insurance in NY?
Just like with everything else in New York, car insurance can be quite expensive. The average cost for car insurance throughout New York can range from $1,950 a year to as high as $2,200 a year.
When is NY car insurance due?
Most car insurance premiums in NY are due at the date when the premium was first purchased. This is typically on the first of the month or on the last day of the month. Check your monthly statement to be sure.
What happens if you have a lapse in car insurance in New York?
If your car insurance policy lapses in New York, by law your license and car registrations will be suspended. You can then be faced with paying fines and penalties until your coverage resumes.
How long do I have to change my car insurance after moving to NY?
While you can change your car insurance upon a day or two after moving to NY, it is recommended that you change your insurance policy two months prior to moving. You can usually get same day auto insurance coverage with most companies.
At what age is a car considered a classic eligible for insurance discounts in NY state?
In most states, including NY state, a car that is at least 15 years of old and older can be considered as a classic car and hence, be eligible to apply for classic car auto insurance.
What happens if you don’t have car insurance in New York?
If you risk driving a car without car insurance in New York, you risk have your car towed and could face fines that range between $150 and $1,500. You also risk the loss of your license and registration. Also read about getting auto insurance without a license.
How to take car off insurance in NY state when sold?
Once you sell a car in NY state, you must call your insurance company to cancel the current insurance policy on it. Once completed, you must also bring a letter, proof of sale, and proof of cancelled insurance to a local DMV office near you.
How to shop for cheapest car insurance in NY?
The best way to shop for the cheapest car insurance in NY is to compare price rates between insurance quotes car companies. The best way to do this is to use online sources or to call insurance companies directly.
Where to get insurance for plates for New York car salesman?
In order to get plates for a New York car salesman, you must complete an original facility application, have a sales tax ID number with a certificate of authority from the NY Department of Tax and Finance, purchase a NY motor vehicle dealer bond, pay the necessary DY Dealer License fees and purchase a minimum of liability insurance.
How to become a car insurance broker in New York?
In order to become a car insurance broker in New York, you must obtain a New York Insurance License by completing a pre-licensing course and by passing a licensing exam. Once you pass the exam, you can apply for a broker license in New York.
Car insurance in NY, how does it work?
Car insurance in NY works by requiring motorists to carry a minimum of liability insurance on any vehicle they drive. It protects the driver and other motorists in the case of an accident.
How to report auto insurance fraud in NY?
The best way to report insurance fraud in NY is to report suspected fraud directly to the New York State Department of Financial Services by filling out a report fraud form or by calling them directly with the number (212) 709-3555.
What insurance board regulates the auto industry in NY?
The board that regulates the auto industry in NY in the New York State Insurance Department, a state-of-the art industry that ensures insurance companies follow the law with the sale of its insurance policies.
What do I need to show that I have car insurance to the DMV in NY?
The best way to show the DMV in NY that you have car insurance is to bring proof of purchase to your local DMV office or you can bring your insurance cards with you as proof.
When you change car insurance companies, do you have to tell the DMV in NY?
Yes. You must report change to your insurance policy to the DMV. Failure to do so can result in license and registration suspension or the risk of obtaining of fees or penalties. Learn more about how to switch car insurance companies even before your renewal date.
How to sell car insurance in NY?
In order to sell car insurance in NY, you must have a New York Insurance License. In order to get a license, you need to complete a pre-licensing course that is approved to teach pre-licensing education and then pass a licensing exam.
Auto Insurance Price
In this section, you will find the most frequently asked questions pertaining to prices of auto insurance policies.
What is the cheapest car insurance in NY?
The cheapest car insurance in NY is a policy with USAA with a yearly premium of $1,175 for liability coverage. The next cheapest car insurance in NY is Erie Insurance followed by Utica National Insurance. If you can find car insurance no money down options that makes it even cheaper.
How much is car insurance in NY for a new driver?
Car insurance for a new driver in NY is around $2,100 for a yearly premium which is about $175 a month for the state law required liability protection coverage and property damage coverage. Learn more about how to find car insurance.
How much is car insurance in NY per month?
Car insurance per month in NY can be expensive depending on the type of coverage and type of car owned. The price can range from $1,900 a year for men and around $2,150 a year for women. Compare the average yearly car insurance cost for your specific area. If you’re looking for monthly car insurance then complete the form above and specify this with the agent.
How much is car insurance in upstate NY?
Car insurance in upstate NY can range in price from $889 for a yearly premium to as high as $1,300 for a yearly premium. This can differ based upon what region of upstate New York you reside in. Get discount auto insurance quotes by starting our form above.
How much is full coverage car insurance in NY?
Full coverage car insurance in NY can range in price from $1,900 for a yearly premium and can go as high as $2,500 for a yearly depending on the borough you reside in and the type of car you own. That being said there are companies that will help you get full coverage insurance cheap.
Why is New York car insurance so expensive?
The reason why car insurance in New York is so expensive is due to territorial rating, how the insurance assesses the risk of insuring cars in specific areas, the rate of crime in specific areas and how much traffic resides in a specific area of New York.
How much should car insurance cost per year in NY?
Car insurance in NY should range in price depending on several factors such as crim and risk of specific areas of NY. The price for insurance should be between $1,200 a year to as high as $1,500 a year.
How much must a teen earn to pay car insurance in New York?
A teenager who gets their license should expect to pay as much as $2,300 a year for an insurance policy in New York. Teenagers are expected to pay at least 365% more than an adult over the age of 24. Getting cheap automobile insurance for teens while challenging is not impossible. Learn more: What is the cheapest car insurance for teenage drivers?
Why have my New York car insurance premiums gone up?
There are many factors as to why New York car insurance premiums go up such as the risk of repair costs for a car, a driver’s driving history and any accidents that a driver has had in the past.
Who has the lowest auto insurance rates in New York?
The insurance company with the lowest auto insurance rates in New York is GEICO. GEICO offers a cheap yearly premium at a price of $1,334 for the years, but this can change depending on the type of car a driver owns.
If I’ve never had car insurance in NY, what can I expect to pay?
If you have never had car insurance in NY, you can expect to pay the same amount as any good and safe driver in NY. This of course can depend on where you live in NY and what risk the company assesses when insuring you.
How much is car insurance for an 18 year old in NY?
Car insurance for an 18 year old in NY is higher than it would be for an adult driver over the age of 24. Most 18 year old adults in NY can expect to pay as high as $5,411 a year for just liability coverage. Read more: How much is car insurance for a 18 year old per month?
How much is one year auto insurance in NY?
An insurance policy for the year can cost starts as low as $1,900 for collision and comprehensive coverage and can go as heart as $2,200 for full collision and comprehensive coverage.
How much for commercial car insurance in NY?
Commercial car insurance in NY can have an annual cost of $750 to $1,200 per vehicle on the policy. The price of commercial auto insurance can depend on the driving history of the driver.
How much will car insurance go up after a speeding ticket in NY?
After a speeding ticket, a driver can expect their car insurance to increase by 22% to 30%. This depends on the severity of the ticket and whether or not an accident was caused in the process.
In New York state, how long will a DUI affect car insurance price?
In New York state, a DUI can affect car insurance price by raising the price by as much as 30%. This price increase can last for as long as 3 years, depending on how long the state keeps the DUI offense on record. Compare quotes from a number of companies to get the cheapest sr22 insurance rates.
How to calculate insurance on new motorcycle in New York?
The best way to calculate insurance on a new motorcycle is to get a motorcycle insurance estimate provided by various insurance companies when you complete their quote form online..
General Auto Insurance Companies
In this section, you will find the most frequently asked questions regarding general auto insurance companies.
What is the best car insurance in NY?
The best car insurance in NY is GEICO. With high traffic areas that New York is known for, GEICO offers the best coverage for vehicles throughout different counties in New York, the lowest premiums and the lowest deductibles whenever you file a claim.
Which are the best auto insurance companies in the New York City area?
The best auto insurance companies in the New York City area are:
- GEICO-has the lowest premiums
- Allstate Insurance-offers the most coverage
- State Farm-has some of the lowest deductibles
- Travelers Insurance-best for all types of car insurance
- Nationwide Insurance-expensive but more comprehensive coverage
Which companies offer auto gap insurance in New York?
The insurance companies in New York that offer gap insurance are:
- Allstate Insurance
- Nationwide Insurance
- Progressive-has a similar insurance policy with a maximum payout of 25% of a vehicles cash value.
Read more about GAP insurance: How much is GAP insurance?
General Auto Insurance Coverage
In this section, you will find the most frequently asked questions pertaining to auto insurance coverage in New York.
What is the minimum auto insurance coverage in New York?
The minimum auto insurance coverage that is required in New York is liability insurance with a value of $25,000 for bodily injury protection for one person, $50,000 for bodily injury protection for all people on the policy and $10,000 for property damage protection of any person involved in an accident.
How much liability insurance do I need for my car in New York?
In order to have liability insurance for your car in New York, you need to make sure that you meet the minimum requirements: $25,000 for bodily injury coverage per person, $50,000 per accident and $10,000 property damage coverage per accident. If you want to get this coverage from a local company then search for cheap liability car insurance near me.
In NY state, when do I need to add a child to auto insurance?
In NY state, you will need to add your child to your auto insurance the moment they have their learner’s permit or driver’s license and have access to your car.
When to buy commercial auto insurance for Uber drivers in New York?
You don’t have to buy commercial auto insurance for Uber drivers in New York. What Uber drivers need is a supplemental insurance coverage or rideshare gap insurance while the app is running aside from having their own personal car insurance.
If you have an employee driving a company car, what are insurance regulations in New York state?
Company cars must follow New York state law by having a minimum of liability insurance with coverage of bodily injury for $25,000, property damage coverage for $10,00 and mandatory “no-fault” coverage for $50,000.
What is the highest deductible for car insurance allowed in New York state?
The highest deductible for car insurance allowed in New York state is $2,5000. However, you can choose deductibles between the price of $250, $500, $1,000 and $2,500. This deductible is for either collision or comprehensive coverage.
What is an ss6 form for car insurance in NY state?
An ss6 form for car insurance is a form that drivers need to fill out to show proof of auto insurance to the DMV. With this form, it is also recommended to attach proof of insurance such as an insurance card or proof of payment to an insurance company.
What is NY auto supplemental insurance?
NY supplemental insurance is a type of auto insurance that is made just for married couple and is made to protect spouses when one drive is proven to be negligent and be the cause of an accident in which the other spouse or passenger is injured or killed.
Who pays the deductible under NY no fault car insurance?
The person that pays the deductible under NY no fault car insurance is the person that owns the insurance policy. This can be an individual or a company depending on the insurance policy. So if its a $500 deductible car insurance policy then this is the amount that would be paid.
What is full coverage auto insurance in New York?
Full coverage auto insurance in New York is a policy that includes an even mix of state required liability protection and no-fault insurance coverage that covers bodily injury and property damage in the case that you cause an accident.
What insurance is needed to lease a car in NY?
The type of insurance that is needed to lease a car in NY injury liability insurance with a minimum of $25,000 per person, coverage for up to $50,000 per accident and property injury liability coverage with a minimum of $10,000 per accident. Fortunately we make it easy to buy car insurance online cheap.
Auto Insurance Claims
In this section, you will find frequently asked questions pertaining to common auto insurance claims in New York.
How long till I get NY insurance money for a car accident?
As long as you put in a claim within an allotted time, most car insurance companies in NY will pay out insurance money within 15 to 40 days of the claim being acknowledged.
How many auto insurance claims are there in New York City in New York state?
With over 5 million automobile accidents in the United States alone, it is estimated that there are over 2.1 million auto insurance claims made in New York City in New York state alone.
How many days to file a car insurance property damage claim in NY?
You have approximately one year to file a car insurance property damage claim in NY. However, depending on the county, you can have up to 2 to 6 years to file a claim.
How long do you have to file an auto insurance claim in NY?
Under New York state law, car owners have approximately 30 days to file an auto insurance claim. In New York, car owners also have 90 days to file a claim with the Motor Vehicle Accident Indemnification Corporation.