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Average cost of car insurance in New York in 2024
In the state of New York, the average cost of car insurance is $3,848 per year for full coverage and $1,661 for year for minimum coverage.
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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 $3,848 for full coverage insurance, which includes collision and comprehensive, while state-mandated minimum insurance costs an average of $1,661. The national averages, meanwhile, are a somewhat lower $2,545 for full coverage, and $741 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 $138 for minimum coverage, while full coverage costs an average of $321 a month.
- Drivers in New York who purchase full coverage pay an average rate that is 51 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 108 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.
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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:
Sorry, we don't have enough data yet on this city yet!
But these other cities in the state may give you some insight.
City | Avg. monthly full coverage premium | Avg. annual full coverage premium | Avg. savings vs. state average |
---|---|---|---|
New York | $351 | $4,216 | +9% |
Uniondale | $352 | $4,222 | +9% |
Westbury | $315 | $3,776 | -2% |
Islandia | $288 | $3,459 | -11% |
Great Neck | $319 | $3,831 | -0% |
Farmingdale | $290 | $3,475 | -10% |
Jericho | $299 | $3,583 | -7% |
Greenvale | $308 | $3,692 | -4% |
Freeport | $353 | $4,232 | +10% |
Bayville | $291 | $3,491 | -10% |
Cold Spring Harbor | $285 | $3,423 | -12% |
Floral Park | $343 | $4,120 | +7% |
Port Washington | $311 | $3,730 | -3% |
West Hempstead | $355 | $4,263 | +10% |
Valley Stream | $357 | $4,283 | +11% |
Amityville | $290 | $3,483 | -10% |
East Rockaway | $345 | $4,135 | +7% |
Hicksville | $293 | $3,513 | -9% |
North Babylon | $298 | $3,582 | -7% |
Huntington Station | $286 | $3,427 | -12% |
Island Park | $342 | $4,107 | +6% |
Wyandanch | $301 | $3,613 | -6% |
Brentwood | $304 | $3,649 | -5% |
Rockville Centre | $342 | $4,109 | +7% |
Mount Vernon | $322 | $3,868 | +1% |
Elmont | $356 | $4,275 | +11% |
Locust Valley | $293 | $3,515 | -9% |
Plainview | $293 | $3,518 | -9% |
Garden City | $336 | $4,030 | +5% |
Manhasset | $315 | $3,778 | -2% |
Old Westbury | $315 | $3,783 | -2% |
Baldwin | $347 | $4,162 | +8% |
Roslyn Heights | $315 | $3,784 | -2% |
Melville | $286 | $3,428 | -12% |
Sea Cliff | $292 | $3,503 | -9% |
Islip Terrace | $283 | $3,399 | -12% |
Carle Place | $315 | $3,777 | -2% |
Hempstead | $361 | $4,333 | +12% |
Long Beach | $345 | $4,138 | +7% |
Old Bethpage | $291 | $3,492 | -10% |
Glen Cove | $292 | $3,504 | -9% |
Lawrence | $360 | $4,320 | +12% |
Roslyn | $314 | $3,763 | -2% |
East Meadow | $326 | $3,913 | +2% |
Copiague | $292 | $3,498 | -10% |
Woodbury | $292 | $3,505 | -9% |
Oyster Bay | $292 | $3,509 | -9% |
Yonkers | $305 | $3,659 | -5% |
Bethpage | $285 | $3,424 | -12% |
New Hyde Park | $314 | $3,767 | -2% |
Lynbrook | $345 | $4,136 | +7% |
Bellmore | $326 | $3,917 | +2% |
Levittown | $310 | $3,723 | -3% |
Seaford | $307 | $3,688 | -4% |
Bay Shore | $294 | $3,526 | -9% |
Point Lookout | $338 | $4,050 | +5% |
Syosset | $292 | $3,507 | -9% |
Malverne | $342 | $4,108 | +7% |
Wantagh | $312 | $3,741 | -3% |
Cedarhurst | $359 | $4,308 | +11% |
West Islip | $293 | $3,515 | -9% |
West Babylon | $295 | $3,538 | -8% |
Atlantic Beach | $360 | $4,321 | +12% |
Williston Park | $313 | $3,753 | -2% |
Huntington | $284 | $3,413 | -12% |
Greenlawn | $282 | $3,385 | -13% |
Merrick | $328 | $3,933 | +2% |
Central Islip | $304 | $3,646 | -5% |
Deer Park | $295 | $3,538 | -8% |
Mill Neck | $293 | $3,512 | -9% |
Massapequa Park | $287 | $3,440 | -11% |
Hewlett | $359 | $4,311 | +11% |
Oceanside | $342 | $4,107 | +7% |
Glen Head | $299 | $3,584 | -7% |
Roosevelt | $365 | $4,379 | +13% |
Brightwaters | $293 | $3,516 | -9% |
Franklin Square | $346 | $4,149 | +8% |
Lindenhurst | $289 | $3,467 | -10% |
Mineola | $315 | $3,776 | -2% |
Babylon | $287 | $3,447 | -11% |
Massapequa | $286 | $3,433 | -11% |
Woodmere | $362 | $4,347 | +12% |
East Norwich | $292 | $3,500 | -9% |
Albertson | $311 | $3,730 | -3% |
Islip | $283 | $3,401 | -12% |
Average car insurance costs by age and gender in New York
Your age influences how much you pay for car insurance in New York. Younger drivers have less experience behind the wheel and a higher likelihood of accidents, so they tend to pay significantly higher rates for car insurance. As you can see below, 18-year-old male drivers on their own policy in New York pay average full coverage rates 166 percent more than the state average.
Gender is another factor that can affect the cost of your car insurance. Statistics show that male drivers are more likely to engage in risky driving behavior, such as speeding. In some states, insurance companies use this information to justify charging a higher rate for male drivers. Not all states allow gender as a rating factor, but New York does.
Age | Avg. monthly full coverage premium in New York | Avg. annual full coverage premium in New York |
---|---|---|
Age 16*
|
Avg. monthly full coverage premium in New York
$649
|
Avg. annual full coverage premium in New York
$7,786
|
Age 18
|
Avg. monthly full coverage premium in New York
$844
|
Avg. annual full coverage premium in New York
$10,127
|
Age 20
|
Avg. monthly full coverage premium in New York
$633
|
Avg. annual full coverage premium in New York
$7,594
|
Age 25
|
Avg. monthly full coverage premium in New York
$384
|
Avg. annual full coverage premium in New York
$4,602
|
Age 30
|
Avg. monthly full coverage premium in New York
$331
|
Avg. annual full coverage premium in New York
$3,975
|
Age 40
|
Avg. monthly full coverage premium in New York
$317
|
Avg. annual full coverage premium in New York
$3,806
|
Age 50
|
Avg. monthly full coverage premium in New York
$298
|
Avg. annual full coverage premium in New York
$3,570
|
Age 60
|
Avg. monthly full coverage premium in New York
$294
|
Avg. annual full coverage premium in New York
$3,534
|
Age 70
|
Avg. monthly full coverage premium in New York
$330
|
Avg. annual full coverage premium in New York
$3,955
|
Age | Avg. monthly full coverage premium in New York | Avg. annual full coverage premium in New York |
---|---|---|
Age 16*
|
Avg. monthly full coverage premium in New York
$639
|
Avg. annual full coverage premium in New York
$7,663
|
Age 18
|
Avg. monthly full coverage premium in New York
$766
|
Avg. annual full coverage premium in New York
$9,188
|
Age 20
|
Avg. monthly full coverage premium in New York
$562
|
Avg. annual full coverage premium in New York
$6,738
|
Age 25
|
Avg. monthly full coverage premium in New York
$373
|
Avg. annual full coverage premium in New York
$4,478
|
Age 30
|
Avg. monthly full coverage premium in New York
$335
|
Avg. annual full coverage premium in New York
$4,018
|
Age 40
|
Avg. monthly full coverage premium in New York
$324
|
Avg. annual full coverage premium in New York
$3,891
|
Age 50
|
Avg. monthly full coverage premium in New York
$299
|
Avg. annual full coverage premium in New York
$3,590
|
Age 60
|
Avg. monthly full coverage premium in New York
$293
|
Avg. annual full coverage premium in New York
$3,518
|
Age 70
|
Avg. monthly full coverage premium in New York
$324
|
Avg. annual full coverage premium in New York
$3,883
|
Bankrate’s take: Your age and gender play a role in your New York car insurance rate because of statistical risk differences among different ages and genders. Younger drivers and male drivers are statistically more likely to get into accidents and engage in risky driving behavior like speeding and driving under the influence. As a result, most carriers charge higher rates for young drivers and slightly higher rates for male drivers to compensate for this added risk.
Cost considerations for young drivers in New York
Young drivers may be able to save on premiums by remaining insured on their parents' policy. The table below shows the premium difference for drivers aged 20 and younger who join their parents' existing policy compared to those who purchase their own policy.
Age | Avg. annual premium for drivers on their parents' policy in New York | Avg. annual premium for drivers on their own policy in New York | Percent difference |
---|---|---|---|
Age 16 | $7,725 | N/A* | N/A* |
Age 17 | $7235 | N/A* | N/A* |
Age 18 | $6,752 | $9,658 | 43% |
Age 19 | $5,924 | $7,894 | 33% |
Age 20 | $5,615 | $7,166 | 28% |
How does driving record impact the cost of car insurance in New York?
Blemishes on your driving record such as speeding tickets, at-fault accidents and DWIs (driving while intoxicated) may all have a direct impact on how much more you pay for auto insurance. Some insurance companies may even deny coverage to drivers with high-risk incidents on their record, like a DUI, or those who have been caught driving without insurance, which is illegal in the state. The following table breaks down the average premium costs a New York driver with various moving violations may pay and the percentage increase from average full coverage premiums.
Driving incident | Avg. annual premium* in New York | Percentage increase from New York avg. annual premium* |
---|---|---|
Clean driving record
|
Avg. annual premium* in New York
$3,848
|
Percentage increase from New York avg. annual premium*
0%
|
Avg. annual premium* in New York
$4,300
|
Percentage increase from New York avg. annual premium*
12%
|
|
Avg. annual premium* in New York
$4,269
|
Percentage increase from New York avg. annual premium*
11%
|
|
Avg. annual premium* in New York
$6,313
|
Percentage increase from New York avg. annual premium*
64%
|
Car insurance rates in New York by credit tier
Another factor that impacts the rate you pay for your policy is your credit score. Not all states allow insurers to consider this factor, but New York does. If you have excellent credit, insurers know you have a demonstrated ability to pay your bills in full and on time, and thus they are more likely to give you a favorable rate. Drivers with a poor credit rating, meanwhile, may struggle to pay their premiums, and thus they are likely to pay more to compensate for the risk to the insurer.
Credit tier | Avg. annual premium* in New York | Percentage difference from New York avg. annual premium* |
---|---|---|
Avg. annual premium* in New York
$8,019
|
Percentage difference from New York avg. annual premium*
108%
|
|
Average
|
Avg. annual premium* in New York
$4,290
|
Percentage difference from New York avg. annual premium*
11%
|
Avg. annual premium* in New York
$3,848
|
Percentage difference from New York avg. annual premium*
0%
|
|
Excellent
|
Avg. annual premium* in New York
$3,140
|
Percentage difference from New York avg. annual premium*
-18%
|
New York car insurance rates by vehicle type
If you drive a high-end luxury vehicle, or one with pricey imported parts, you may find yourself paying more for your insurance than someone who drives a more standard, domestic-made car. Insurers here are considering the relative costs of repairing your vehicle after an accident. The more repairs are likely to cost, the higher your premium rate may be.
Vehicle | Avg. annual premium* in New York |
---|---|
Avg. annual premium* in New York
$3,848
|
|
Avg. annual premium* in New York
$3,380
|
|
Avg. annual premium* in New York
$3,174
|
|
BMW 330i
|
Avg. annual premium* in New York
$4,533
|
Toyota Prius
|
Avg. annual premium* in New York
$3,723
|
Estimate your car insurance cost in New York
Buying car insurance can be complicated, so Bankrate created this calculator tool to help you get started. By inputting a few key numbers, it will produce a rough estimate of what you are likely to pay for your policy. Since rates vary from company to company, it may not be exact, but it will give you a good ballpark figure to start your search with.
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How to save on car insurance in New York
While New York may be one of the most expensive states for auto insurance, drivers may be able to save on their premiums with some strategic planning. These tips and tricks may help bring down your insurance rate:
- Shop around: Most insurance professionals recommend comparing quotes from different providers to see who may offer the cheapest rates for your specific insurance needs.
- Discounts: Most carriers offer at least a handful of discounts to help policyholders save money. Common discounts include good student, bundling and safe driver.
- Improve your credit score: Improving your credit score may help keep your premium low.
- Increase your deductible: Your deductible is the amount you are responsible for out of pocket in the event of a collision or comprehensive coverage claim. Raising your deductible may bring down your premium, but note that insurance professionals recommend keeping your deductible low enough that you could pay it comfortably in the event of a claim.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze the latest rates in February 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. 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 2022 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.
Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.
Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).
Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.
Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.