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Average cost of car insurance in New York for 2022

Updated Oct 03, 2022
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The average cost of car insurance in New York is $2,996 per year for full coverage, making New York one of the most expensive states to purchase car insurance. Drivers in nearby states, like Connecticut and New Jersey, pay closer to the national average cost of car insurance of $1,771 per year for full coverage. Despite this high state average, car insurance rates across New York State actually vary by location, and may be further affected by driving record, age, carrier selection and more. Bankrate breaks down everything you need to know about average car insurance rates in New York.

How much does car insurance cost in New York?

The range in cost of premiums in New York is as varied as the towns across the Empire State. The reason for this is the number of personal factors your premiums are based on. It’s based on specifics including your age, gender, claim history, marital status, driving record, vehicle — and your ZIP code. New Yorkers pay some of the highest rates in the country, with minimum coverage averaging $1,339 annually and full coverage averaging $2,996 annually, according to rates from Quadrant Information Services. Full coverage in the state is 69% higher than the national average cost of car insurance, while minimum coverage in New York is 146% more.

New York car insurance rates by company

The best car insurance companies in New York not only offer high customer satisfaction ratings and financial strength, but also provide competitive rates for New Yorkers. Progressive and Erie offer some of the cheapest full coverage rates, although as shown below, many other carriers also come in below or close to New York’s average car insurance rate.

Car insurance company Average annual premium for full coverage Average annual premium for minimum coverage
Allstate $3,121 $1,616
Chubb $3,685 $1,435
Encompass $3,900 $2,100
Erie $2,456 $1,205
Esurance $4,641 $2,598
Geico $2,273 $860
Kemper $4,699 $2,464
Preferred Mutual $5,151 $815
Progressive $1,775 $1,059
State Farm $3,070 $1,653
Travelers $3,181 $1,312
USAA $2,982 $1,281
Utica National $4,655 $875

New York car insurance rates by city

How much is car insurance in New York by location? The state you are located in, as well as your city and ZIP code directly contribute to how much you pay for auto insurance. The cost from one city to the next can be double or triple in some cases, which is why your location is often a crucial factor in determining your car insurance premium.

City Average annual premium for full coverage % difference from state average annual premium
New York $1,589 -10%
Hempstead $3,453 95%
Brookhaven $2,465 39%
Islip $2,688 52%
Oyster Bay $2,783 57%
Buffalo $2,083 18%
Babylon $2,723 54%
Rochester $1,456 -18%
Huntington $2,712 53%
Yonkers $2,900 64%
Syracuse $1,585 -11%
Smithtown $2,618 48%
Albany $1,549 -13%
Mount Vernon $3,054 72%
Utica $1,641 -7%

Cost of living in New York and car insurance

When shopping for the best New York car insurance rates, it’s important to factor in your other expenses so that you’re looking at your total living costs. The graph below shows the average annual cost of living in New York, including the average cost of car insurance. Use this graph as a guide to help determine your overall expenses so that you can decide what insurance rates fit in your budget.

New York car insurance rates by age

Age has a major influence on how much you pay. The younger the age, the greater the risk of being involved in an accident, according to the CDC. Teen and young adult drivers in New York pay significantly more for car insurance compared to adults. The older you get, the risk decreases and so do average premiums, although senior drivers may see their premiums rise again as they get older. This is due to the risks caused by decreased vision and reaction time while driving, which could cause accidents.

Age Average annual premium for full coverage in New York
Age 16* $6,277
Age 18 $5,581
Age 20 $4,438
Age 25 $3,509
Age 60 $2,763
Age 70 $3,050

*16-year-old calculated on parent’s policy disclosure

New York car insurance rates by driving record

Your premiums are impacted by your driving record. Blemishes on your record such as speeding tickets, at-fault accidents and DUIs all have a direct impact on how much more you pay. Based on our data, average rates for New York drivers with moving violations can be as much as two times more than the rate for drivers with clean driving records.

Driving incident Average annual full coverage premium in New York % increase of state average annual premium
Speeding ticket conviction $3,241 83%
At-fault accident $3,239 83%
DUI $5,306 200%

How to save on car insurance in New York

While New York may be one of the most expensive states for auto insurance, fortunately there are numerous opportunities to save on your auto insurance premiums.

  • Shop around: Comparing one carrier to another is often the best way to save and achieve the cheapest car insurance rates in New York.
  • Discounts: Each carrier has its own list of discounts for you to take advantage of. From bundling policies to making good grades, there is a wide variety of discounts available.
  • Improve your credit score: Your credit history is directly linked to how much you pay for your premiums. The higher your credit score, the lower your premiums.
  • Increase your deductible: Your deductible is the amount you are responsible for out of pocket for collision and comprehensive coverage. If you have a low deductible, your premiums will increase. By raising your deductible, you could lower your premiums by hundreds of dollars annually.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute