Auto insurance premiums in Brooklyn are some of the priciest in the United States, but this does not make it impossible to find the best, cheap rates. With drivers in Brooklyn paying an average cost of $2,970 annually for minimum coverage, and $6,188 for full, finding multiple ways to save is advantageous for drivers and their wallets. Bankrate reviewed several carriers to find which ones offer the cheapest insurance rates in Brooklyn while also offering high customer service ratings and other advantages for drivers.
Best car insurance companies in Brooklyn
The best car insurance companies in Brooklyn not only offer competitive rates for minimum or full coverage, but the carriers also receive impressive customer satisfaction ratings in the 2020 U.S. Auto Insurance Study for Customer Satisfaction in the New York region. Some of these carriers, such as Geico and State Farm, offer digital tools — such as a highly rated mobile app — to make policy management and claims filing as easy as possible.
|Insurance Company||J.D. Power Score
(New York region)
|Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
|Geico||837 / 1,000||$2,103||$3,830|
|USAA*||884 / 1,000||$2,116||$4,772|
|State Farm||851 / 1,000||$3,674||$5,301|
|New York Central Mutual||837 / 1,000||$3,473||$11,488|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions
Geico has been insuring drivers for over 75 years, and now offers a complete lineup of coverage options and discounts for drivers of all ages. Not only does Geico score high on the customer satisfaction ratings with J.D. Power, but the financial ratings are equally impressive. Geico scores the highest A++ possible with AM Best and earns an AA+ rating with Standard & Poors – both indicating the highest level of financial strength and stability.
USAA offers policy options for current members of the military, veterans and immediate family of servicemembers. If you meet the eligibility requirements, you will find USAA offers numerous policy coverage options and discounts, specifically geared towards military families. USAA consistently ranks high with customer service satisfaction ratings, including the highest score in the New York region for the 2020 J.D. Power Score.
State Farm not only provides a wide range of coverage options, but the possible discounts are equally numerous. As the largest provider of auto insurance in the United States, State Farm works with a variety of vehicles and budgets. Plus, the mobile app offers additional convenience, allowing you to purchase a policy, add on coverages, submit claims or summon roadside assistance.
New York Central Mutual
New York Central Mutual, or NYCM, is another auto insurance carrier with high ratings with the 2020 J.D. Power score. In addition to strong customer service, NYCM offers a full range of policy coverage options, including roadside assistance. Plus, NYCM offers a long list of possible discounts, such as Defensive Driving, safety equipment and good grades to name a few. The A+ rating with AM Best confirms the financial strength of the company too.
Cheapest car insurance in Brooklyn
As mentioned, the average rates in Brooklyn are $2,970 annually for minimum coverage, and $6,188 annually for full coverage, which is much higher than the average cost of car insurance overall in the state of New York. In general, New York drivers average $1,062 per year for minimum insurance, and $2,321 for full – which are also some of the highest rates among all the states. Car insurance in Brooklyn is also higher compared to the entire U.S., where the averages are $625 for minimum coverage and $1,674 for full.
Bankrate reviewed several local and national carriers to find ones offering the cheapest insurance rates in Brooklyn. Progressive offers some of the least expensive rates among the major carriers, but ranks last in the 2020 J.D. Power survey for drivers in New York. Geico offers competitive rates, as well as numerous discounts and coverage options. If you prefer the agent network model, Erie offers less expensive rates and relies on a network of over 13,000 agents for the optimal customer service experience.
|Insurance Company||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
Brooklyn insurance requirements
Drivers in Brooklyn are required to carry minimum liability insurance, including:
- $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
New York is considered a “no-fault” state. This means all drivers in the state of New York must file a claim with their auto insurance provider after an accident, no matter which party is ruled at fault.
Only purchasing the minimum could put you in a financial risk and additional coverage may be required if you do not outright own your car. For instance, most lenders not only require you to add comprehensive and collision coverage if you lease or finance your car, but numerous lenders also require you to purchase gap insurance too.
Car insurance discounts in Brooklyn
Since car insurance in Brooklyn costs well-above the national average, finding the best car insurance discounts can help offset part of the higher coverage costs. Fortunately, there are numerous discounts available for drivers in Brooklyn, including:
- Safety equipment: If your vehicle is equipped with enhanced safety features such as anti-lock brakes, airbags, an anti-theft system and regular seatbelt use, then you may qualify for additional discounts.
- New car discount: If you drive a newer car, you may be eligible for a new car discount.
- Safe driver: If you agree to participate in a telematics program, such as connecting an app to your smartphone while you are driving, your good driving habits are recorded and you may qualify for extra savings.
- Good grades: If you are a student and bring home good grades, many carriers reward you with additional discounts on your premiums.
Taking advantage of as many discounts as possible is a great way to save on your premiums. The discounts mentioned above are only a small sample of what you may be eligible to receive through your carrier. If you are looking for further savings, consider raising your deductible, which lowers the cost of your premiums. Also, shopping around and comparing quotes from multiple carriers is a smart way to ensure you are paying the lowest amount for premiums.
Frequently asked questions
What is the best car insurance company in Brooklyn?
There are several factors to consider when you are trying to find the best car insurance company in Brooklyn. Considerations such as customer service ratings, financial stability, digital assets, coverage options and discounts are all important.
How much does car insurance in Brooklyn cost?
The average cost of car insurance in Brooklyn is $2,970 for minimum coverage and $6,188 for a full policy. However, your rates are based on a number of personal factors, including age, gender, zip code, vehicle and driving history, plus your credit score. This means the best way to find out the exact cost is to obtain a personalized quote.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.