Cheapest Car Insurance In New York 2024
Kemper is known for its dependable and competitively priced minimum coverage car insurance in New York, at $65 per month.
We’ve saved shoppers an average of $600 per year on their car insurance.
Affordable car insurance in New York might seem hard to find, but it doesn’t have to be a struggle. Kemper is a trusted name in the insurance world, offering competitive rates and solid coverage options, from basic to comprehensive. With rising costs of living, finding the right insurance at the best price is key.
Whether you’re a new driver, a seasoned commuter, or a family looking to save on premiums, knowing the factors that affect rates and understanding where to find the best deals can make all the difference. After studying car insurance for over a decade, I’ve simplified our findings to help you navigate the market.
This guide will break down the details of insurance rates and give you tips on securing affordable car insurance in New York while keeping the coverage you need.
Cheapest Car Insurance Companies In New York, 2024
Cheapest Liability-Only Car Insurance In New York: Kemper
Kemper rates for minimum car insurance coverage in New York are the most competitive, averaging just $65 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Kemper | $65 | $778 |
| Geico | $80 | $958 |
| Erie | $100 | $1,198 |
| Chubb | $115 | $1,378 |
| Mercury | $140 | $1,676 |
In New York, drivers are required by law to carry minimum car insurance coverage in order to drive legally. This minimum insurance generally includes liability coverage, which is divided into bodily injury liability and property damage liability. Bodily injury liability helps with medical costs, rehab, and legal fees if you’re responsible for an accident that injures others.
Property damage liability covers expenses related to repairing or replacing someone else’s property or vehicle if you cause the damage. These minimum coverage amounts are set by state law, though they may differ based on your driving history or vehicle type. It’s important to stay aware of these requirements to ensure you’re properly covered and financially protected.
Cheapest New York Auto Insurance For Good Drivers: Kemper
Kemper offers the cheapest rates for good drivers in New York, at an average monthly cost of $65.
| Provider | Average Monthly Cost | Average Annual Cost |
| Kemper | $65 | $778 |
| Geico | $80 | $958 |
| Erie | $100 | $1,198 |
| Chubb | $115 | $1,378 |
| Mercury | $140 | $1,676 |
In New York, the cost of car insurance for safe drivers can vary depending on factors like their driving history, age, and desired coverage. Generally, those with clean driving records may qualify for lower premiums as they are considered less risky by insurers. They may also be eligible for discounts for maintaining a good driving record over time. Safe drivers should consider comparing quotes from multiple insurers to find competitive rates and coverage options that meet their needs.
Cheapest Full-Coverage Car Insurance In New York: Progressive
Progressive full coverage car insurance is the most cost-effective option in New York, with average monthly premiums as low as $100.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $100 | $1,198 |
| Erie | $175 | $2,098 |
| State Farm | $165 | $1,978 |
| Geico | $160 | $1,918 |
| Allstate | $210 | $2,518 |
New York drivers can opt for full coverage car insurance, which provides extensive protection by covering not only the state-mandated liability insurance but also additional options like collision and comprehensive insurance. Collision insurance covers the cost of repairing your car if it’s damaged in an accident, regardless of fault. Comprehensive insurance protects against non-accident-related damages, such as theft or fire.
Full coverage offers financial security and peace of mind, ensuring you’re prepared for various risks. Reviewing your policy details, including coverage limits and deductibles, is important to ensure it meets your needs.
Cheapest Auto Insurance In New York For Drivers With Poor Credit: Kemper
Kemper stands out in New York for offering the cheapest insurance rates to drivers with poor credit, averaging $260 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Kemper | $260 | $3,118 |
| Chubb | $270 | $3,238 |
| Allstate | $367 | $4,410 |
| State Farm | $435 | $5,218 |
| Travelers | $455 | $5,458 |
Credit scores are a critical factor in car insurance rate calculations, with lower scores often leading to higher premiums for drivers in New Jersey. Insurance companies use credit history to gauge risk, and drivers with poor credit are typically seen as more likely to file claims. While these drivers may face challenges in finding affordable coverage, they can still compare quotes and explore discount options to help lower their insurance costs.
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Most Affordable Insurance In New York For Drivers With Prior Incidents
In New York, individuals with a history of accidents, speeding tickets, or DUIs often struggle to obtain affordable car insurance. These incidents classify them as high-risk to insurers, resulting in higher premiums to compensate for the anticipated increase in claims. This issue is particularly prominent in New York due to its elevated rate of traffic incidents. Insurers develop their pricing strategies based on statistical analyses that indicate a connection between prior driving incidents and a heightened probability of future claims.
Cheapest Auto Insurance For Drivers With A Speeding Ticket: Progressive
Progressive is the most cost-effective option for drivers with speeding tickets, boasting average premiums of just $1,346.
| Provider | Avg. Annual Min Coverage Premium | Avg. Annual Full Coverage Premium |
| Progressive | $1,346 | $2,305 |
| Geico | $1,429 | $3,906 |
| Erie | $1,687 | $3,553 |
| USAA | $1,852 | $4,588 |
| Chubb | $1,892 | $5,319 |
Cheapest Rates In New York For Drivers With An At-Fault Accident: Progressive
Progressive premiums average $1,347, positioning it as the most cost-effective option, particularly for those with at-fault accidents.
| Provider | Avg. Annual Min Coverage Premium | Avg. Annual Full Coverage Premium |
| Progressive | $1,347 | $2,318 |
| Geico | $1,429 | $3,906 |
| Erie | $1,578 | $3,163 |
| USAA | $1,852 | $4,588 |
| Allstate | $1,942 | $3,960 |
Cheapest Car Insurance In New York For Drivers After A DUI: Progressive
Progressive premiums average $113, making it the most economical choice for DUI-afflicted drivers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $113 | $1,358 |
| State Farm | $195 | $2,334 |
| USAA | $220 | $2,634 |
| Allstate | $249 | $2,986 |
| Travelers | $307 | $3,678 |
Cheapest Auto Insurance In New York For Seniors: Kemper
Kemper provides seniors in New York with the most cost-effective option, averaging $77 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Kemper | $77 | $923 |
| Progressive | $91 | $1,092 |
| American Family | $117 | $1,399 |
| State Farm | $184 | $2,206 |
| GEICO | $174 | $2,088 |
Cheapest New York Car Insurance For Young Drivers
Young adult drivers in New Jersey often find more cost-effective car insurance rates than teenagers. This is because they tend to adopt safer driving practices as they mature, leading to fewer accidents and insurance claims. Insurance companies consider these behaviors and offer lower premiums to young adults based on their improved safety records.
Cheapest New York Rates For 16-Year-Olds: GEICO
Geico offers the best rates for sixteen-year-olds, averaging $408 per month.
| Provider | Average Annual Cost | Average Monthly Cost |
| Progressive | $4,153 | $347 |
| NCYM Insurance | $4,245 | $354 |
| Geico | $4,888 | $408 |
| Erie | $5,499 | 459 |
| State Farm | $7,220 | $603 |
Cheapest New York Car Insurance For 17-Year-Olds: GEICO
Insurance rates for seventeen-year-olds are most affordable through GEICO, with premiums averaging $365.
| Provider | Average Monthly Cost | Average Annual Cost |
| Geico | $365 | $4,364 |
| Progressive | $381 | $4,559 |
| NCYM Insurance | $393 | $4,700 |
| Erie | $513 | $6,145 |
| State Farm | $620 | $7,423 |
Cheapest New York Car Insurance For 18-Year-Olds: Progressive
Progressive offers the cheapest insurance rates for 18-year-olds, with a typical monthly premium of $314.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $314 | $3,758 |
| Geico | $345 | $4,131 |
| NCYM Insurance | $356 | $4,263 |
| Erie | $496 | $5,939 |
| Allstate | $535 | $6,402 |
Cheapest New York Car Insurance For 21-Year-Olds: Progressive
Progressive is the most cost-effective choice for 21-year-olds, with an average premium of $174 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $174 | $2,075 |
| Geico | $201 | $2,397 |
| USAA | $238 | $2,841 |
| NCYM Insurance | $275 | $3,284 |
| Allstate | $310 | $3,710 |
Average Cost In New York – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $555 | $6,659 |
| 17 | $601 | $7,217 |
| 18 | $532 | $6,387 |
| 19 | $422 | $5,059 |
| 21 | $341 | $4,088 |
| 25 | $200 | $2,398 |
| 35 | $174 | $2,088 |
| 45 | $170 | $2,034 |
| 55 | $170 | $2,034 |
| 65 | $221 | $2,649 |
| 75 | $262 | $3,149 |
Average Cost In New York – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $2,200 |
| Male | Single | $2,500 |
| Female | Married | $2,050 |
| Male | Married | $2,200 |
Average Cost In New York- By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $170 | $2,038 |
| Good | $190 | $2,278 |
| Poor | $1,060 | $12,718 |
Cheapest Car Insurance In New York – By City
| City | Average Monthly Cost | Average Annual Cost |
| Rochester | $105 | $1,303 |
| Binghamton | $112 | $1,344 |
| Syracuse | $122 | $1,458 |
| Brooklyn | $159 | $1,910 |
| New York City | $228 | $2,734 |
Minimum Car Insurance Requirements In New York
In New York, drivers must have at least the minimum required car insurance, including liability coverage for bodily injury and property damage, usually noted as 25/50/10—$25,000 for each injured person, $50,000 for each accident, and $10,000 for property damage. Uninsured / underinsured coverage is also required at $25,000 per person and $50,000 per accident.
The state also mandates Personal Injury Protection (PIP), which helps cover medical bills and lost wages. Alternatively, the Health Insurance Primary (HIP) option allows health insurance to cover medical costs instead of PIP, but not all health insurance plans are eligible for HIP.
Car Insurance Discounts In New York
Exploring car insurance discounts can help you save. Your agent may also identify potential savings. Here are common discounts:
- Safe Driver Discount: For drivers with a spotless driving record.
- Multi-Vehicle Discount: Insuring multiple cars on one policy can result in significant savings.
- Bundling Discount: Combining car insurance with other policies, like homeowners, often leads to reduced premiums.
- Good Student Discount: Students with good grades can enjoy lower rates.
- Defensive Driving Discount: Completing a defensive driving course can qualify you for lower insurance premiums.
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Our Methodology
During our research, I utilized a systematic approach to gather and analyze data regarding different car insurance providers and policies. Initially, I identified critical aspects to assess, such as coverage options, pricing, customer satisfaction, and financial stability. Next, I collected information from reliable sources such as insurance company websites, consumer review platforms, and industry reports. Once the data was gathered, I organized it into categories and evaluated each insurer based on predetermined criteria. This involved comparing coverage options, premium rates, discounts offered, and customer feedback to determine the strengths and weaknesses of each provider.
Quotes Assessed
Hours Of Research
Years Of Industry Expertise
Brands Reviewed
FAQs
How much is car insurance a month in New York?
The cost of car insurance each month in New York can differ, based on factors such as age, driving history, and the coverage chosen by the driver.
What is the minimum car insurance one must have in New York?
Drivers in New York must carry car insurance that provides liability coverage for bodily injury and property damage, along with mandatory Personal Injury Protection (PIP) coverage.
What type of insurance does every driver need in New York?
Deciding on the best insurance in New York depends on personal preferences, driving styles, and coverage needs. It’s advisable to compare quotes from various insurers to pinpoint the best solution.
