Average cost of car insurance in New York

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.

Best car insurance companies in New York: NYCM Insurance

NYCM Insurance is the best car insurance company in New York, based on an analysis by Insurance.com, with an overall rating of 3.54. Erie Insurance is the second-best auto insurance company in New York with an overall rating of 3.04.

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
Company AM 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

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 an average annual rate of $1,020.

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

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 $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 offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds)  at $1,002 per year and $1,049 per year, respectively.

Cheapest car insurance by age in New York
Age Company Average 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.

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 record AccidentSpeeding Ticket
Progressive$728$1,135$851
American Family$1,117$1,451$1,273
Geico$1,238$1,926$1,786
USAA*$1,370$1,848$1,521
Erie Insurance$1,462$2,260$1,941
State Farm$1,645$2,026$1,805
Allstate$1,655$2,206$2,044
Travelers$2,355$2,987$2,829
Kemper Insurance$2,587$3,986$3,186
Mercury Insurance$4,513$6,397$5,971

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

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 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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