The best car insurance in New York City, 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 cost of a full coverage insurance policy in New York City is $4,822 per year. These rates are more than two times higher than the New York state average of $2,172. Rates are higher in NYC simply because of how many people live there, and the already-high cost of living. Also repair costs are typically higher in the city than outside of it, which drives up insurance costs.

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The easiest way to save money on your car insurance is by comparing rates between top companies in the New York City area. Our experts here at Policygenius can help guide you to the coverage that works best for you.

Key Takeaways

  • Main Street America has the cheapest average rates in New York City at $1,599 per year for full coverage.

  • Drivers in NYC arrested for driving under the influence could see their insurance rates jump more than $4,000 with GEICO.

  • New York minimum liability car insurance requirements 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 New York City, NY

Car insurance rates are different for everyone. Personal details like the car you drive, the amount of coverage needed, and even whether you’re single or married impacts your rates. To save money on car insurance, it’s always a good idea to compare quotes and pick the coverage that works best for your insurance needs.

Below are the cheapest car insurance rates by company in New York City.

Company

Average cost

JD Power Rating

Main Street America

$1,599

--

Progressive

$1,710

856

GEICO

$2,004

871

USAA

$2,497

890

State Farm

$2,844

881

Cheapest car insurance rates by ZIP code in New York City, NY

If you live in a neighborhood that has a higher crime rate, chances are you’re paying more for car insurance. ZIP codes are one of the biggest factors used to determine car insurance rates. The more crime and accidents in a given area, the more everyone pays.

Below are the average rates in ZIP codes across New York City.

ZIP code

Average cost

10001

$4,034

10002

$4,073

10003

$4,009

10004

$4,033

10005

$4,055

10006

$4,055

10007

$4,054

10009

$4,058

Choosing the right car insurance company in New York City, NY

With so many factors that determine car insurance price, it can be overwhelming to find a company that offers affordable protection and won’t let you down when you need it the most. You want a company with experience and customer service that listens to your needs. When it’s time to file a claim, you expect your insurance company to make the process as seamless as possible. At Policygenius, we can help you see quotes from top companies, so you can choose one that meets all your needs.

Car insurance rates for drivers with driving violations in New York City, NY

In NYC, a single ticket for racing could increase your rates by $1,800 over three years, and other violations, like a DUI or a hit-and-run, can increase your rates even more.

Below are the average car insurance rates for drivers in New York City with speeding tickets or other moving violations on their driving record.

Violation

Main Street America

Progressive

GEICO

USAA

State Farm

At-fault Accident

$2,260

$2,799

$3,117

$3,330

$3,488

DUI

$2,173

$1,830

$5,952

$3,743

$3,189

Driving with a suspended license

$2,173

$2,524

$4,133

$3,366

$3,189

Driving with an open container

$2,173

$1,808

$2,122

$2,668

$3,189

Driving with expired registration

$1,763

$1,808

$1,921

$2,882

$3,189

Driving without Lights

$1,763

$1,808

$2,122

$2,668

$3,189

Failure to show documents

$1,763

$1,808

$1,921

$2,882

$3,189

Failure to stop at a red light

$1,763

$1,808

$2,122

$2,882

$3,189

Cheapest car insurance for drivers with bad credit in New York City, NY

A bad credit score can affect your life in many ways. Not only is it harder to get credit, but your car insurance raise can also go up because insurance companies use your credit score to determine what you pay for insurance.

Below are the cheapest rates in New York City for drivers with bad credit.

Company

Rates for drivers with bad credit

GEICO

$2,468

Chubb

$4,709

USAA

$5,157

Utica National

$5,568

State Farm

$6,131

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Buying car insurance in New York City, NY

The law in New York says 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.

The state of New York is a no-fault state, which means that your insurance provider must pay your medical bills after an accident whether you caused the wreck or not. 

State minimum insurance requirements vary by state, but because they only offer basic protection, your vehicle might not be covered if you’re in an accident. To better protect yourself and your property before an accident, it’s probably a good idea to add more coverage such as comprehensive or collision insurance to help defer out-of-pocket expenses.

How to get cheap car insurance in New York City, NY

New York City drivers pay some of the most expensive rates in the country, but there are ways to save:

  • Safe driver discount - A discount for drivers without moving violations or accidents on their driving record.

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

  • Low mileage discount - NYC drivers pay higher rates, but their commutes are shorter.

  • Military discount - Typically, military service members and their family members can get a reduced rate on car insurance.

There are other discounts available, ask your insurance company which of them may apply to you.

Frequently asked questions

Who has the cheapest car insurance in New York City?

According to our research, Main Street America has the lowest rates in the city, at $1,599 per year for full coverage. But insurance rates vary from driver-to-driver, so shop around to find the cheapest rates for you.

I’m planning on moving out of the Big Apple. Will my rates change?

ZIP code is one of the biggest factors when determining car insurance rates. So your rates could go up or down, depending on where you go. Considering how much New York City residents pay for car insurance though, leaving the city is one way to lower your rates.

Does my gender affect my car insurance rates?

New York is one of the states that allow gender to be included when determining the cost of your insurance, so companies will take it into account when they calculate your rates.

How can I find another car insurance company?

Policygenius can help you get quotes and find the best company for your needs, even if you already have car insurance coverage.

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.