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Cheapest car insurance in New York in 2023

Updated Feb 02, 2023
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The cheapest car insurance companies in New York

When shopping for cheap car insurance in New York, you might find the best rates by comparing quotes from multiple companies. Since auto insurance rates are tailored to your car and coverage needs, you may find a broad range of prices in the quotes you receive.

Cheapest company for minimum coverage

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Preferred Mutual $68 $815

Cheapest company for full coverage

Company Average monthly full coverage premium Average annual full coverage premium
Progressive $148 $1,775

Cheapest company for adding a teen driver

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Geico $114 $1,370

Cheapest company for getting a speeding ticket

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Preferred Mutual $68 $815

Cheapest company for being in an at-fault accident

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Preferred Mutual $68 $815

Cheapest company after a high-risk incident

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Progressive $91 $1,091

The cheapest car insurance companies in New York by coverage level

Minimum coverage is the least amount of insurance you can have to drive legally in a state. Minimum coverage usually includes liability insurance, and in New York, it also includes personal injury protection (PIP) and uninsured motorist coverage. In New York, the average cost for minimum coverage is $1,339 per year, as opposed to the national average of $545. Full coverage, which includes collision and comprehensive insurance, averages $2,996 per year in New York. This is also very high compared to the national average of $1,771.

Most insurance professionals recommend you carry more than the minimum level of auto insurance required by your state, if you can afford to do so. Below you can see a comparison of average rates for minimum and full coverage insurance from some of the cheapest carriers in New York.

Preferred Mutual
Average monthly minimum coverage premium
$68
Average annual minimum coverage premium
$815
Annual savings vs. State average*
- $524
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$114
Average annual minimum coverage premium
$1,370
Annual savings vs. State average*
- $479
Utica National
Average monthly minimum coverage premium
$73
Average annual minimum coverage premium
$875
Annual savings vs. State average*
- $464
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$91
Average annual minimum coverage premium
$1,091
Annual savings vs. State average*
- $280
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with minimum coverage for 2022

Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$148
Average annual full coverage premium
$1,775
Annual savings vs. State average*
- $1,221
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$189
Average annual full coverage premium
$2,273
Annual savings vs. State average*
- $723
Erie
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
Average monthly full coverage premium
$205
Average annual full coverage premium
$2,456
Annual savings vs. State average*
- $540
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly full coverage premium
$249
Average annual full coverage premium
$2,982
Annual savings vs. State average*
- $14
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with full coverage for 2022

Cheapest cities in New York for car insurance

Where you live in New York may play a big role in how much you pay for your car insurance. Those living in urban areas, for example, may pay more in part because increased traffic could translate into a higher risk of accidents. Living in a high-crime area may also increase your rate as a result of the increased possibility of theft claims. Residents in the cities below pay some of the cheapest average rates for car insurance in New York.

City City average annual minimum coverage premium Cheapest car insurance company Company average annual minimum coverage premium
Morrisonville $526 Preferred Mutual $303
Peru $527 Preferred Mutual $303
Corning $527 Preferred Mutual $295
West Chazy $527 Preferred Mutual $303
Painted Post $527 Preferred Mutual $295
City City average annual full coverage premium Cheapest car insurance company Company average annual full coverage premium
Fairport $1,337 Progressive $816
Webster $1,337 Progressive $816
Penfield $1,338 Progressive $816
Victor $1,351 Progressive $836
East Rochester $1,354 Progressive $816

Factors that impact cheap rates in New York

Your car insurance premium will vary based on your individual insurance rating factors, including your driving history and whether you have a teen driver on your policy. Knowing which providers are usually cheapest in these common scenarios might make it easier for you to find affordable rates.

Insuring a teen driver

Insurance companies tend to charge relatively high premiums for teen drivers to compensate for their lack of experience behind the wheel. Shopping around to get quotes from several carriers and taking advantage of insurers' student discounts may help you to secure a more reasonable rate. The rates below indicate the average premiums from carriers when adding a 16-year-old driver to a married couple’s car insurance policy.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Geico $1,370 $3,595
Utica National $1,509 $6,897
Preferred Mutual $1,509 $7,253
Chubb $1,681 $3,793
Progressive $2,024 $3,738

Getting a speeding ticket

Speeding tickets are relatively common, but insurance companies may still view speeding convictions as an indication of high-risk driving behavior. If you are convicted for a speeding violation, your premium will likely increase. This increase could affect your rates for three to five years, depending on the insurance company. How fast you are driving over the posted limit may also impact your premium increase. Below you can see average rates from some of the cheapest carriers in New York following a single speeding ticket conviction.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Preferred Mutual $815 $5,560
Utica National $875 $4,655
Geico $900 $2,387
Progressive $1,073 $1,798
USAA $1,415 $3,252

Getting into an at-fault accident

At-fault accidents may make it harder to find affordable car insurance in New York because you will likely pay a surcharge for an average of three to five years, depending on the carrier. If your premium has been impacted by an at-fault accident, you might consider getting quotes from other insurance companies or re-evaluating your discounts to ensure you are taking advantage of all your savings opportunities. If you have one at-fault accident on your record, these companies may be some of the cheapest options in New York:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Preferred Mutual $815 $6,050
Utica National $875 $4,665
Geico $900 $2,387
Progressive $1,074 $1,806
USAA $1,415 $3,252

Being deemed a high-risk driver

Each insurance company has its own metric for what constitutes a high-risk driver. Most providers view drivers with multiple at-fault accidents, excessive speeding citations or a DUI conviction as high-risk drivers and will usually charge them higher premiums. Keep in mind that some companies may not sell policies to drivers with DUIs within a certain timeframe. The rates below are for a driver with a single DUI conviction.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Progressive $1,091 $1,831
USAA $1,951 $4,329
Geico $1,983 $5,111
Utica National $2,016 $8,683
Erie $2,308 $4,577

Minimum coverage requirements for New York drivers

New York State requires drivers to carry at least certain minimum coverage limits to drive legally. The average cost of a minimum coverage policy in the state is $1,339. In New York, your car insurance policy must have at least the following coverage types and limits:

  • $25,000 bodily injury liability per person and $50,000 death per person
  • $50,000 bodily injury liability per accident and $100,000 death per accident
  • $10,000 property damage liability per accident
  • $50,000 personal injury protection (PIP)
  • $25,000 statutory uninsured motorist bodily injury liability per person
  • $50,000 statutory uninsured motorist bodily injury liability per accident

According to the Insurance Information Institute (Triple-I), New York has the third-lowest estimated percentage of uninsured drivers in the U.S at 4.1 percent. Drivers in New York have two options for uninsured motorist coverage: statutory and supplemental. Statutory coverage only applies to accidents that happen within state limits. Supplemental coverage is available at minimum limits or higher limits and provides coverage outside of the state. Supplemental uninsured motorist coverage also includes underinsured motorist coverage.

Most insurance experts recommend that you purchase higher liability limits than the state minimum if you can afford to do so. If you cause an accident and the damages and injuries exceed your insurance limit, you are responsible for the overage out of pocket, which could be financially devastating. Additionally, if you have a loan or lease on your vehicle, your lender or lessor will likely require you to carry full coverage.

How to get the cheapest car insurance in New York

Finding affordable car insurance in New York may seem daunting, but there are steps you can take that may help you save on your premium. If you're looking for cheap auto insurance, consider starting with these strategies:

Compare quotes from multiple providers

Every insurer has their own method of determining premium costs, so your quotes may vary substantially between providers. Comparing quotes from a handful of insurers could help you determine which company will offer you the lowest rates for the coverage you need.

Maintain a clean driving record

One of the factors that insurers use when determining your premium is your driving history. If you have few infractions or accidents on your record, you may earn a lower premium. Additionally, many carriers extend discounts to drivers who demonstrate safe driving habits through a telematics program or by remaining claims-free.

Car insurance discounts in New York

New York has high average car insurance premiums, but discounts may help you save. Most insurers have at least a few discounts available for policyholders. Here are a few of the more common ones.

  • Bundling: You might save on your premium if you carry multiple insurance policies, like auto and home, with the same carrier.
  • Safety features: Newer cars generally have more safety features like multiple airbags and anti-lock brakes. Insurers may reward these risk-mitigating features with a discount. Anti-theft devices may also earn a discount.
  • Defensive driving course: In many places, including New York, you may save money on your insurance by taking a defensive driving course every few years.
  • Student discounts: Young drivers may earn a discount if they maintain a high GPA or attend school away from home and do not bring a vehicle.
  • Organizational discounts: Some insurers will take a percentage off your premium if you belong to organizations such as alumni groups or professional associations.
  • Military discounts: Carriers may extend a discount if you are an active or retired military member.

Frequently asked questions

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Written by
Mary Van Keuren
Insurance Contributor

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

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