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Best car insurance in New York for 2022

Updated Nov 22, 2022
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Choosing the best car insurance in New York for your needs could provide a financial safety net in the event of a covered accident. Bankrate’s research into the Empire State’s insurance market might help you pick the right company for you.

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Best car insurance companies in New York

Our research, which includes a review of average annual premiums from Quadrant Information Services, found that USAA, Geico and State Farm were among the best car insurance companies in New York. Our analysis also factors in AM Best financial strength scores and customer satisfaction scores from the 2022 J.D. Power U.S. Auto Insurance Study. Most of the carriers on our list have annual premiums below the New York average of $2,996 per year for full coverage and $1,339 per year for minimum coverage and also feature a range of perks like unique coverage options and numerous discounts.

If you’re shopping for car insurance in NY, these companies could be a good place to start:

USAA
Rating: 5 stars out of 5
5.0
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
891
/1,000
Average monthly full coverage premium
$249
Average annual full coverage premium
$2,982
Geico
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
829
/1,000
Average monthly full coverage premium
$189
Average annual full coverage premium
$2,273
State Farm
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
831
/1,000
Average monthly full coverage premium
$256
Average annual full coverage premium
$3,070
Progressive
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
811
/1,000
Average monthly full coverage premium
$148
Average annual full coverage premium
$1,775
Allstate
Rating: 4 stars out of 5
4.0
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
810
/1,000
Average monthly full coverage premium
$260
Average annual full coverage premium
$3,121
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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.

USAA
Rating: 5 stars out of 5
5.0
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
891
/1,000
Average monthly minimum coverage premium
$107
Average annual minimum coverage premium
$1,281
Geico
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
829
/1,000
Average monthly minimum coverage premium
$72
Average annual minimum coverage premium
$860
State Farm
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
831
/1,000
Average monthly minimum coverage premium
$138
Average annual minimum coverage premium
$1,653
Progressive
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
811
/1,000
Average monthly minimum coverage premium
$88
Average annual minimum coverage premium
$1,059
Allstate
Rating: 4 stars out of 5
4.0
Bankrate Score
Info Hover for more
J.D. Power Score (New York region)
810
/1,000
Average monthly minimum coverage premium
$135
Average annual minimum coverage premium
$1,616
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.

USAA not officially ranked by J.D. Power due to eligibility restrictions.

BEST CAR INSURANCE COMPANY FOR MILITARY-FOCUSED COVERAGE

J.D. Power:
891 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 1,281
Avg annual premium for full coverage:
$ 2,982
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

BEST CAR INSURANCE COMPANY FOR DISCOUNTS

J.D. Power:
829 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 860
Avg annual premium for full coverage:
$ 2,273
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

BEST CAR INSURANCE COMPANY FOR LOCAL AGENCIES

J.D. Power:
831 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 1,653
Avg annual premium for full coverage:
$ 3,070
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

BEST CAR INSURANCE COMPANY FOR LOW RATES

J.D. Power:
811 /1,000
AM Best:
A +
Avg. annual premium for minimum coverage:
$ 1,059
Avg annual premium for full coverage:
$ 1,775
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

BEST CAR INSURANCE COMPANY FOR CUSTOMIZABLE COVERAGE

J.D. Power:
810 /1,000
AM Best:
A +
Avg. annual premium for minimum coverage:
$ 1,616
Avg annual premium for full coverage:
$ 3,121
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

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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.

How Bankrate chose the best car insurance companies in New York

Finding car insurance in New York that fits your needs can feel tricky, especially with the state’s higher-than-average rates, but Bankrate can make the process easier. We started our review by analyzing average car insurance rates, provided by Quadrant Information Services, for the largest auto insurers in New York by market share. Then, we reviewed third-party scores from companies like J.D. Power and ratings from AM Best. Finally, we analyzed each company’s coverage offerings, discounts and digital tools.

We combined these metrics into a single Bankrate Score. The Scores are on a scale from 0.0 to 5.0, with higher Scores meaning that the company ranked more highly in the underlying categories. Our Bankrate Score method can help you see how companies compare, which might help you feel more confident when choosing a carrier that fits your needs.

How much is car insurance in New York?

The average cost of car insurance in New York is $2,996 annually for full coverage and $1,339 annually for minimum coverage. These averages are significantly higher than the national average prices of $1,771 per year for full coverage and $545 per year for minimum coverage. New York’s average rates also far outstrip the average rates of surrounding states. Pennsylvania drivers pay an annual average of $2,002 for full coverage and $441 for minimum coverage, for example, and drivers in Vermont pay an average of $1,000 per year for full coverage and $242 per year for minimum coverage.

The high population density in the state may be partly to blame for the high premiums. More vehicles on the road mean a greater chance of getting into an accident. To compensate for higher risk, auto insurers often charge a higher premium. However, your rates may be more or less than the state average based on factors like your driving history.

Average annual premium for full coverage in New York Average annual premium for minimum coverage in New York
$1,339 $2,996

How to find the best car insurance in New York

Finding the auto insurance in New York that is best for your needs will depend heavily on your individual needs and the location-specific factors in your area. However, there are things you can do to make the process of shopping for New York car insurance easier.

Consider minimum insurance requirements in New York

Auto insurance is required in New York. You cannot register your vehicle at the New York Department of Motor Vehicles (DMV) until you purchase a policy. The state minimum limits include bodily injury liability and property damage liability, both of which have a “liability per person” and “liability per accident” limit. New York drivers must also purchase at least minimum limits of personal injury protection (PIP) and uninsured motorist coverage.

Rest assured that you do not need to memorize New York’s car insurance laws — you will not be able to buy a policy that does not comply with the minimum limits. But knowing the state minimum level of coverage could help you understand if you need higher limits or additional coverage options.

Consider lender requirements

If you have a loan or lease, your lender probably requires you to have full coverage. Minimum coverage limits do not include comprehensive coverage or collision coverage, which provide coverage for damage to your vehicle. To get those, you will need to buy a full coverage policy. Those who lease vehicles may also have higher requirements for bodily injury liability and property damage liability, both the liability per person and liability per accident limits. You may also want to consider purchasing gap insurance. If your new vehicle is totaled and the claim payout is less than the balance on your loan, gap insurance is designed to pay for the difference.

Consider your individual needs

To evaluate your car insurance needs, consider a few factors such as whether you have a teen who is about to start driving, your vehicle make and model, credit history and driving record. Each of these factors could affect your New York car insurance premium, so it is important to consider each carefully. For example, if you just purchased a brand new electric vehicle, many New York auto insurers offer a new vehicle discount or an electrical vehicle discount. Knowing which insurance companies offer these discounts could help you save.

Info
New York drivers could see some of the highest premium increases in the country

According to a study that Bankrate conducted, New York drivers may be feeling the effects of inflation on their car insurance more than drivers in other states. To determine which states were experiencing the worst impacts of inflation on car insurance rates, we turned to rate filing data from S&P Global Market Intelligence. We specifically looked at average auto insurance rate increase filings in all 50 states and Washington, D.C., between January 1, 2022 and May 18, 2022. In that time, insurance companies in New York requested an average rate increase of 4 percent. Due to New York’s already high premium, this 4 percent increase could lead to large rate increases for many drivers.

Frequently asked questions

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Managing Editor
Reviewed by Director of corporate communications, Insurance Information Institute