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Average cost of car insurance in New York for 2024

Updated Apr 01, 2024
In the state of New York, the average cost of car insurance is $3,751 per year for full coverage and $1,605 for year for minimum coverage.

How much is car insurance in New York?

Drivers in New York pay a high premium for their auto insurance coverage. How much is car insurance in New York? Based on data sourced from Quadrant Information Services, the average driver pays $3,751 for full coverage insurance, which includes collision and comprehensive, while state-mandated minimum insurance costs an average of $1,605. The national averages, meanwhile, are a somewhat lower $2,314 for full coverage, and $644 for minimum. New Yorkers have relatively high minimum requirements for car insurance, which is just one reason for the high New York car insurance rates. Finding the best coverage for your needs may take some research, but with a little work you should be able to find affordable insurance in the Empire State.

Key takeaways

  • The average cost of car insurance in New York per month is $134 for minimum coverage, while full coverage costs an average of $313 a month.
  • Drivers in New York who purchase full coverage pay an average rate that is 62 percent more than the national average.
  • Eighteen-year-old drivers on their own insurance policy pay the highest average insurance rates of all the driver profiles we analyzed.
  • New York drivers with poor credit-based insurance scores pay an average of 100 percent more for full coverage than a driver with a good credit-based insurance score.
  • Drivers who have vehicles that are higher in value and cost more to repair typically pay higher-than-average rates.

New York car insurance rates by city

When looking at the average car insurance cost in New York, it's important to note that the average may vary depending on where you live in the state. If you are in one of New York's high-density urban areas, you may pay more for your coverage than those in more rural areas. This is due to the increased risk of accidents and other vehicle mishaps in areas with dense traffic patterns. Here are average rates for some of the state's cities and towns: