New York car insurance rates

The average car insurance rate in New York is $1,870 a year or $156 monthly for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in New York is $731.

Here are the cheapest rates we found for each category of coverage and driver profile.

Cheapest car insurance in New York (By category)CompanyAverage annual premiumAverage monthly premium
Full coverageProgressive $1,020$85
Minimum liability coverageProgressive$412$34
TeensProgressive$3,173$264
Young adultsProgressive$1,579$132
Adults Progressive$1,002$84
Seniors USAA$1,698$142
After accidentProgressive$1,135$95
After speeding ticketProgressive$851$71
Data updated in 2024

Best car insurance companies in New York: NYCM Insurance

The best car insurance companies in New York are NYCM Insurance, Erie, Progressive, State Farm, and Geico.

Below is a full list of the top New York insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

CompanyAM BestJD PowerNAICInsurance.com scoreAverage Annual Premium
NYCM InsuranceA8420.223.54$1,300
Erie InsuranceA8450.613.04$1,814
ProgressiveA+8180.652.9$1,020
State FarmA++8260.72.75$1,951
GeicoA++8210.912.73$1,736
The HanoverA8350.62.67$2,262
AllstateA+8190.652.45$2,056
TravelersA++8210.492.39$2,677

Data updated in 2024

Cheapest car insurance companies in New York

Based on a rate analysis by Insurance.com, Progressive is the cheapest car insurance company in New York with an average annual rate of $1,020. NYCM Insurance and Geico follow Progressive’s lead. USAA also provides a cheap option for those who are eligible.

To get affordable rates, don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.

CompanyState minimum liability50/100/50 liability100/300/100 liability with $500 deductible
Progressive$428$467$1,020
NYCM Insurance$420$475$1,300
USAA$594$630$1,557
Geico$555$668$1,736
Erie Insurance$575$689$1,814
State Farm$885$1,005$1,951
Allstate$861$961$2,056
The Hanover$1,016$1,170$2,262
Travelers$1,362$1,467$2,677
Chubb Ltd$872$964$2,942

Data updated in 2024

New York car insurance requirements

In New York, you need car insurance with minimum coverage levels of 25/50/10, which costs $720 each year or $60 each month.

Minimum liability insurance requirements for New York:

  • Bodily injury liability (BI): $25,000 per person and $50,000 for accident
  • Property damage liability (PD): $10,000 per accident
  • Personal injury protection (PIP): $50,000 per person
  • Uninsured/underinsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident

Cheapest car insurance companies for minimum liability coverage in New York

According to Insurance.com, Progressive has the cheapest state minimum liability coverage at $412 per year or $34 each month.

Here are the most affordable car insurance companies for state minimum coverage in New York.

State minimum auto insurance coverage in New York, NY
Company Liability insurance premiumMonthly liability insurance premium
Progressive$412$34
NYCM Insurance$505$42
Geico$570$47
USAA*$594$50
Erie Insurance$704$59
Allstate$858$72
State Farm$1,019$85
Chubb$1,165$97
The Hanover$1,282$107
Travelers$1,682$140

*USAA offers coverage only to military veterans and their family

Data updated in 2024

Cheapest car insurance cost in New York by age group

In New York, car insurance rates are higher for teenagers (16- to 19-year-olds) as they are more prone to accidents due to their lack of experience on the road.

Progressive offers the cheapest car insurance for teen drivers in New York at $3,173 per year for full coverage policy. 

Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults. 

In New York, Progressive also offers the cheapest full coverage car insurance for young adult drivers (20-24 year-olds), adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds) at $1,579 per year, $1,002 per year, and $1,049 per year, respectively.

AgeCompanyAverage annual premium
Teens (16-19)Progressive$3,173
Teens (16-19)NYCM Insurance$3,236
Teens (16-19)Geico$4,705
Teens (16-19)The Hanover$4,822
Teens (16-19)Erie Insurance$4,914
Teens (16-19)State Farm$5,790
Teens (16-19)USAA$6,258
Teens (16-19)Allstate$6,413
Teens (16-19)Travelers$6,843
Teens (16-19)Chubb Ltd$7,904
Young Adults (20-24)Progressive$1,579
Young Adults (20-24)NYCM Insurance$2,152
Young Adults (20-24)USAA$2,387
Young Adults (20-24)Geico$2,404
Young Adults (20-24)Erie Insurance$2,912
Young Adults (20-24)Allstate$3,140
Young Adults (20-24)State Farm$3,172
Young Adults (20-24)The Hanover$3,197
Young Adults (20-24)Travelers$3,613
Young Adults (20-24)Chubb Ltd$4,697
Adults (25-60)Progressive$1,002
Adults (25-60)NYCM Insurance$1,373
Adults (25-60)USAA$1,568
Adults (25-60)Geico$1,761
Adults (25-60)Erie Insurance$1,819
Adults (25-60)State Farm$1,940
Adults (25-60)Allstate$2,060
Adults (25-60)The Hanover$2,264
Adults (25-60)Travelers$2,661
Adults (25-60)Chubb Ltd$2,955
Seniors (65-75)Progressive$1,049
Seniors (65-75)NYCM Insurance$1,367
Seniors (65-75)USAA$1,698
Seniors (65-75)Erie Insurance$1,838
Seniors (65-75)State Farm$1,874
Seniors (65-75)Geico$1,932
Seniors (65-75)Allstate$2,067
Seniors (65-75)The Hanover$2,278
Seniors (65-75)Chubb Ltd$2,724
Seniors (65-75)Travelers$2,774

*USAA offers car insurance only to military members, veterans and their families.

Data updated in 2024

Cheapest car insurance companies in New York by driver profile

Accidents and tickets can negatively affect car insurance rates. Drivers who have accidents or tickets are considered a higher risk and will pay more.

However, the severity and frequency of the incidents will also play a role in the insurance rates. For instance, drivers with a single minor accident may see a smaller increase in their rates compared to those with multiple major accidents.

Progressive has the most affordable rates across the board, costing $728 for someone with a clean record, $1,135 for someone with one accident, and $851 for someone with one speeding ticket.

Below are average New York rates by company for drivers with accidents and tickets on their driving record. 

CompanyClean RecordAccidentSpeeding Ticket
Progressive$1,020$1,415$1,162
USAA$1,557$1,759$1,737
State Farm$1,951$2,266$2,140
Erie Insurance$1,814$2,476$2,292
Geico$1,736$2,421$2,421
Allstate$2,056$2,513$2,528
Travelers$2,677$3,247$3,157

*USAA offers car insurance only to military members, veterans and their families.

Data updated in 2024

Compare auto insurance rates by city in New York

Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in New York.

CityAnnual insurance premium
Briarcliff Manor
$2,158
Cohoes
$1,713
Rochester
$1,683
Data updated in 2024

Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.

That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in New York have increased or decreased from 2020 to 2023.

Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.

Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.

The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets: 

Accidents: 

  • 1 at-fault property damage accident over $2k
  • 1 at-fault property damage accident under $2k
  • At-fault bodily injury accident 
  • Single vehicle accident 

Tickets: 

  • Distracted driving ticket
  • Speeding ticket 1- 10 MPH over limit 
  • Speeding ticket 11- 29 MPH over limit 
  • Talking on cellphone ticket 
  • Texting ticket 

Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.

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