The best car insurance in Albany, NY

Gianetta Palmer

By

Gianetta Palmer

Gianetta Palmer

Freelance contributor

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

Published October 25, 2021

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The average rate for full coverage car insurance in Albany is $1,593 per year. Compared to other cities around the state, drivers in New York State’s capital city enjoy much lower rates.

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The best way to save even more money on your car insurance is by comparing rates between top insurers in the Albany area. Policygenius can help you see quotes from top carriers so you can choose the coverage that works best for you.

Key Takeaways

  • Progressive has the lowest average rates at $823 per year for full coverage

  • Albany drivers with bad credit insured can expect to pay hundreds more per year for car insurance than those with a good credit score

  • The minimum liability car insurance requirements in New York are $25,000 per person / $50,000 per accident in bodily injury liability and $10,000 in property damage liability per accident

Cheapest car insurance companies in Albany, NY

Car insurance premiums are determined by many factors, such as your age, driving record, and credit score. The car you drive and your daily commute impacts rates, too, because the more you drive, the more likely you are to be in an accident.

Below are the cheapest car insurance rates by company in Albany.

Company

Average cost

JD Power Rating

Progressive

$823

856

Main Street America

$878

--

Erie

$1,010

880

GEICO

$1,037

871

USAA

$1,112

890

Cheapest car insurance rates by ZIP code in Albany, NY

Did you know drivers in North Albany pay different car insurance rates than those in the Cherry Hills neighborhood? No two neighborhoods are the same, and that’s why your ZIP code is one of the biggest factors in determining insurance rates. 

Below are the average rates for ZIP codes across Albany.

ZIP code

Average cost

12202

$1,611

12203

$1,574

12205

$1,568

12206

$1,613

12207

$1,611

12208

$1,584

12209

$1,588

12210

$1,614

Choosing the right car insurance company in Albany, NY

It can be hard to find the right coverage when so many factors determine the price of car insurance. It’s important to consider not only cost, but also coverage options, customer service and claims satisfaction.

Our insurance experts here at Policygenius can help you compare quotes from top providers and find the best coverage at the right price.

Car insurance rates for drivers with driving violations in Albany, NY

A single speeding ticket might not seem like a big deal, but with some companies, your rates could increase by several hundred dollars after just one violation. Many states have a points system to track drivers. Too many points in a specific time frame could lead to increased insurance rates as well as suspension of your license.

Below are the average car insurance rates for drivers in Albany with a ticket or other moving violations on their driving record.

Violation

Progressive

Main Street America

Erie

GEICO

USAA

At-fault Accident

$1,380

$1,229

$1,654

$1,659

$1,491

DUI

$910

$1,189

$1,977

$3,103

$1,686

Driving with a suspended license

$1,251

$1,189

$1,977

$2,190

$1,509

Driving with an open container

$894

$1,189

$1,977

$1,129

$1,175

Driving with expired registration

$894

$995

$1,331

$1,025

$1,277

Driving without Lights

$894

$995

$1,331

$1,129

$1,175

Failure to show documents

$894

$995

$1,331

$1,025

$1,277

Failure to stop at a red light

$894

$995

$1,331

$1,129

$1,277

Cheapest car insurance for drivers with bad credit in Albany, NY

Your credit score impacts the interest you pay on credit cards, your ability to get a mortgage, and the price you pay for car insurance. Drivers with bad credit can expect to pay hundreds or even thousands more for their car insurance, but some companies offer cheaper rates to drivers with poor credit.

Below are the cheapest rates in Albany for drivers with bad credit.

Company

Rates for drivers with bad credit

GEICO

$1,309

Utica National

$1,610

Preferred Mutual

$2,093

USAA

$2,168

Erie

$2,414

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Buying car insurance in Albany, NY

To be legally insured in the state of New York, drivers must have the following minimum liability insurance requirements:

  • $10,000 for property damage for a single accident

  • $25,000 for bodily injury and $50,000 for death for a person involved in an accident

  • $50,000 for bodily injury and $100,000 for death for two or more people in an accident

  • Have continuous coverage on a vehicle even if it is inoperable or not being driven.

  • The insurance must be issued by a company licensed by the New York State Department of Financial Services and certified by the NY State DMV.

New York is a no-fault state, which means that your insurance carrier will pay your medical bills whether you caused the accident or not. No-fault insurance only covers bodily injury and does not pay for auto body repair to your or another party’s damaged vehicle or personal property. 

To help protect yourself against the out-of-pocket expenses associated with an accident, there are additional coverages available:

  • Collision: This coverage helps pay for the cost of repairs to your vehicle if it’s hit by another vehicle or if you collide with a stationary object, like a telephone pole

  • Comprehensive: This coverage typically covers damage from events such as fire, vandalism, weather, and falling objects

The easiest way to save money on the minimum insurance requirements in New York is by comparing quotes from top companies.

How to get cheap car insurance in Albany, NY

Car insurance can be expensive in Albany, but there are discounts available:

  • Bundling - Bundling your car and home insurance is a great way to save money on your premiums.

  • Safe driver discount - Many companies offer a safe driver discount, so obey posted speed limit signs and avoid getting tickets.

  • Good student discount - Many companies offer young drivers a discount for maintaining a B average or better.

  • Military discount - A discount for active-duty military members and their families

There are other discounts available, so be sure and ask your provider about them.

Frequently asked questions

Who has the cheapest car insurance in Albany?

According to our research, Progressive has the lowest rates in the city, at $823 per year for full coverage. But the best way to find cheap rates is to compare multiple quotes before settling on a policy.

I just traded cars. Will that affect my rates?

The car you drive and whether you need liability or full coverage determine what rates you pay.

I’m in college. Are there any discounts available for college students?

Some companies offer a good student discount and discounts for university affiliations. An independent agent can help you find companies that offer discounts specific to you.

I had to file for bankruptcy? Will my rates go up?

Your credit score impacts the cost of car insurance. Paying your bills on time and avoiding charge-offs could help lower your rates.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.