Best cheap car insurance in Bronx for 2024

The best car insurance companies in the Bronx

Finding the best New York car insurance company for Bronx drivers can be a challenge since drivers in NYC face unique circumstances that can complicate insurance. Bankrate’s insurance editorial team evaluated the market, looking for companies with low overall rates and competitive discounts and coverage options for customers in the Bronx. Based on rate data from Quadrant Information Services, along with expert third-party ratings from J.D. Power, we identified the five best car insurance companies for Bronx drivers. 

The cheapest car insurance companies in the Bronx

If cost is the primary factor in your car insurance search, you’ll need to compare quotes from the cheapest New York auto insurance companies. To keep it simple, Bankrate’s editorial team pulled the latest rate data from Quadrant Information Services. The table below shows the cheapest carriers for drivers in the Bronx as of April 2024. We’ve sorted them based on the average cost of state minimum coverage, but you’ll typically find low rates for full coverage as well. 

How much is car insurance in the Bronx?

The average cost of car insurance in the Bronx is $5,820 per year for full coverage — 55 percent more than the New York state average and 151 percent more than the national average. For state minimum coverage, Bronx drivers pay an average of $2,489 per year, 55 percent more than the state average. 

Heavy traffic, high property crime rates and a tough insurance market all contribute to the Bronx’s high car insurance prices. However, average rates only tell part of the story: individual rating factors like your age and driving record can significantly impact what you pay for car insurance compared to your neighbors in the Bronx. 

Bronx rates for teens

Teens aged 16 to 19 pay some of the highest rates for car insurance in the Bronx, especially if they purchase a standalone policy instead of staying on a parent’s insurance. On average, a standalone auto insurance policy for an 18-year-old driver in the Bronx costs $5,410 per year, or $451 per month, just for state minimum coverage. If you’re trying to get affordable car insurance for a teen driver in the Bronx, compare quotes on a parent’s policy if possible. 

Bronx rates for young drivers

Insurance prices begin to go down as Bronx drivers emerge from their teens, but the cost of coverage is still above average. On average, a 25-year-old driver in the Bronx pays $6,733 per year for full coverage — 31 percent less than a 20-year-old driver and 45 percent less than an 18-year-old. 

Bronx rates for adults

Car insurance rates typically stabilize in adulthood, with Bronx drivers paying an average of $6,020 per year for full coverage at age 30 and $5,252 at age 50. 

Bronx rates for senior drivers

Seniors aged 55 to 75 typically pay some of the lowest rates for car insurance in the Bronx, thanks to a lifetime of driving experience. On average, 60-year-olds pay $5,265 per year for full coverage, while, 70-year-olds pay $5,749 per year. Rates can begin to climb again as you enter your 70s due to increased risk of injuries and slower reaction times. 

The cheapest car insurance in the Bronx by driving record

Bronx drivers who don’t have any violations or accidents on their driving history generally pay the lowest rates — which means that safe driving is one of the best ways to keep your car insurance affordable in the Bronx. But if you’ve already got a ticket or other incident on your record, it’s still possible to find affordable insurance for your profile; you just need to know where to look. 

Car insurance with a speeding ticket in the Bronx

On average, drivers in the Bronx with a single speeding ticket conviction pay $5,974 per year for full coverage — 3 percent more than drivers with clean records. The cost of state minimum coverage is 9 percent more for drivers with a speeding ticket. 

Car insurance after an accident in the Bronx

An at-fault accident can raise your insurance rates in the Bronx. Drivers with a single at-fault accident on their record typically pay 2 percent more for full coverage than drivers with clean records, for an average annual total of $5,922. However, not all carriers treat accidents in the same way, so it’s important to compare rates when shopping for coverage. 

Car insurance after a DUI in the Bronx

A DUI is a serious driving violation, carrying mandatory fines of $500 to $1,000 and possible jail time of up to a year for a single first offense. A DUI conviction can also pose a major challenge when looking for affordable coverage; Bronx drivers with a DUI conviction pay 62 percent more than drivers with clean records for even state minimum coverage.  

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2024 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 single, 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.

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.

Age: Rates were calculated by evaluating our base profile with the ages 20-70 (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.Teens: Rates were determined by adding a 16- or 18-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. 

Bankrate Scores

Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.