Average cost of car insurance in New York

The average car insurance rate in New York is $2,020 a year 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 $875.

Best car insurance companies in New York

Geico is the best car insurance company in New York, based on a 2023 analysis by Insurance.com, with an overall rating of 4.74. Progressive is the second-best auto insurance company in New York with an overall rating of 4.66. 

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.

Best car insurance companies in New York
CompanyAM BestAvg Annual PremiumNAIC complaint ratioInsurance.com score
GeicoA++$ 1,3710.774.74
ProgressiveA+$ 8250.734.66
USAAA++$ 1,5630.994.63
Erie InsuranceA+$ 1,6000.954.32
State FarmA++$ 1,9370.524.28
American FamilyA$ 1,1120.574.28
AllstateA+$ 1,7490.954.26
TravelersA++$ 2,5801.034.24
Mercury InsuranceA$ 4,5510.672.97

Cheapest car insurance companies in New York

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.

We have gathered price quotes from all the major insurance providers in New York and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, Progressive is the cheapest auto insurance company in New York with average rates of $825 annually or $68 a month on average.

Company GroupState Minimum Liability Only50/100/50 Liability Only100/300/100 Liability with $500 Comp/Coll Deductible
Progressive$ 367$ 403$ 825
American Family$ 550$ 606$ 1,112
Geico$ 453$ 526$ 1,371
USAA$ 556$ 588$ 1,563
Erie Insurance$ 603$ 665$ 1,600
Allstate$ 815$ 905$ 1,749
State Farm$ 894$ 996$ 1,937
Travelers$ 1,418$ 1,494$ 2,580
Kemper Insurance$ 1,225$ 1,347$ 2,917
Mercury Insurance$ 1,872$ 2,068$ 4,551

Cheapest car insurance cost in New York by age

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 $2,648 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 offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds)  at $830 per year and $830 per year, respectively. 

Cheapest car insurance by age in New York
Age (group) Company Group Avg. Annual Premium
Teens (16-19)Progressive$ 2,648
Teens (16-19)American Family$ 2,965
Teens (16-19)Geico$ 3,773
Teens (16-19)Erie Insurance$ 4,434
Teens (16-19)State Farm$ 5,581
Teens (16-19)Allstate$ 5,702
Teens (16-19)Travelers$ 6,154
Teens (16-19)USAA$ 6,287
Teens (16-19)Kemper Insurance$ 7,349
Teens (16-19)Mercury Insurance$ 11,956
Young Adults (20-24)Progressive$ 1,294
Young Adults (20-24)American Family$ 1,826
Young Adults (20-24)Geico$ 1,882
Young Adults (20-24)USAA$ 2,383
Young Adults (20-24)Allstate$ 2,556
Young Adults (20-24)Erie Insurance$ 2,680
Young Adults (20-24)State Farm$ 3,097
Young Adults (20-24)Travelers$ 3,172
Young Adults (20-24)Kemper Insurance$ 4,906
Young Adults (20-24)Mercury Insurance$ 7,042
Adults (25-55)Progressive$ 830
Adults (25-55)American Family$ 1,189
Adults (25-55)Geico$ 1,396
Adults (25-55)USAA$ 1,589
Adults (25-55)Erie Insurance$ 1,674
Adults (25-55)Allstate$ 1,803
Adults (25-55)State Farm$ 1,946
Adults (25-55)Travelers$ 2,567
Adults (25-55)Kemper Insurance$ 2,973
Adults (25-55)Mercury Insurance$ 4,853
Seniors (60-75)Progressive$ 830
Seniors (60-75)American Family$ 1,366
Seniors (60-75)Geico$ 1,528
Seniors (60-75)USAA$ 1,617
Seniors (60-75)Erie Insurance$ 1,657
Seniors (60-75)State Farm$ 1,822
Seniors (60-75)Allstate$ 1,870
Seniors (60-75)Travelers$ 2,716
Seniors (60-75)Kemper Insurance$ 2,750
Seniors (60-75)Mercury Insurance$ 5,091

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.

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

Cheapest car insurance companies for tickets and accidents in New York 
CompanyClean RecordAccidentTicket
Allstate$ 1,602$ 2,003$ 1,968
American Family$ 1,111$ 1,445$ 1,201
Erie$ 1,436$ 2,016$ 1,805
Geico$ 1,232$ 1,755$ 1,464
Kemper$ 2,580$ 3,647$ 2,769
Mercury$ 4,157$ 5,404$ 4,574
Progressive$ 726$ 1,054$ 771
State Farm$ 1,645$ 1,886$ 1,805
Travelers$ 2,355$ 2,822$ 2,654
USAA$ 1,375$ 1,719$ 1,508

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

Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers every state across most ZIP codes. Driver profile: male, age 40, driving 2021 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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