New York Central Mutual insurance review 2025

New York Central Mutual Insurance car insurance cost

As of May 2025, the national average cost of car insurance is $2,692 per year for a full coverage policy and $808 for minimum coverage. To compare, average auto insurance rates from NYCM are $3,741 per year for full coverage and $854 for minimum coverage. While these figures may seem high, it’s important to also take New York state’s higher auto insurance costs into account. NYCM’s full coverage rate is 9 percent less than the average full coverage cost of car insurance in New York, which is $4,095 per year.

How much is New York Central Mutual car insurance?

Insurance companies look at a driver’s history to determine how risky they are to insure. Drivers with clean driving records typically enjoy the cheapest average car insurance rates, while drivers who have even a single infraction, like a speeding ticket or accident, might pay more for the same coverage. Depending on the infraction or number of points on your license, some insurance providers might label you a high-risk driver. Note that some companies don’t cover drivers with a DUI, and they may require special coverage like an SR-22. The best way to see what your insurance rates would be is to request a quote from one of NYCM’s insurance agents.

New York Central Mutual car insurance quotes by age

Drivers under the age of 25 typically see the most expensive insurance premiums of any age group. Insurance providers usually charge more for young drivers because they aren’t as experienced behind the wheel and are more likely to file claims. Statistics also point to riskier driving behavior among teens, which can contribute to higher premiums. However, many insurance providers (NYCM among them) offer discounts for enrolling in a defensive driving course and for getting good grades, which can make car insurance more affordable for teens and young adults.

Compare New York Central Mutual car insurance rates

Each insurance company uses its own method to determine your car insurance rate. One company may be more forgiving if you have a speeding ticket, while another may penalize you for it. Comparing quotes from a handful of different providers can help you hone in on the company that may be best for you price-wise. In the table below, we’ve compared average rates from NYCM and other top car insurance companies in New York.

New York Central Mutual customer satisfaction

Analyzing ratings and reviews by third-party agencies could shed some light on how satisfied customers are with a certain insurance company. These organizations review complaints and conduct surveys to get a sense of the customer experience for insureds. Since NYCM is only available in New York, J.D. Power did not include it in its 2023 Auto Claims Satisfaction Study. But, it did place third in the New York region of the 2024 Auto Insurance Study.

New York Central Mutual auto insurance customer complaints

New York Central Mutual Insurance car insurance discounts

If you prioritize cheap car insurance, discounts can help. NYCM offers an extensive list of car insurance discounts for drivers to save on auto insurance. Some are based on the features of a vehicle, while others depend on the driver. These include:

• Driving training: Young drivers under age 21 may take a qualifying course to earn a discount on their auto policy. The discount amount for successfully completing the course ranges from 6 percent to 10 percent, depending on the driver’s age.
• Coupler discount: If the named insured on the auto policy also has an umbrella, homeowners or renters insurance policy with NYCM, they could discount up to 25 percent off the auto policy.
• Daytime running lamps: If your vehicle has this feature, you could earn up to a 3 percent discount on your NYCM auto policy.
• Airbag/automatic seat belt discount: If these come installed by the factory in your vehicle or you have more than one airbag, the medical payment and personal injury protection portions of your car insurance could receive up to 30 percent off.

New York Central Mutual Insurance home insurance cost

NYCM has cheap home insurance rates compared to the national and statewide average. Our analysis of rate data from Quadrant Information Services shows that, on average, NYCM customers pay $663 per year for a $300K dwelling limit policy. This is about 72 percent less than the national average cost of home insurance, which is $2,329 per year for a $300K policy. Below, you can see average rates based on dwelling limits for New York Central Mutual home insurance.

Compare New York Central Mutual homeowners insurance rates

Like with auto insurance, your home insurance costs will partly depend on rating factors unique to you. Each carrier evaluates homeowners differently, which is why it’s so important to compare rates before deciding on a policy. You can compare average rates from NYCM and some of New York’s other prominent insurance companies in the table below. Keep in mind that rates are reflective of a policy with a $300K dwelling limit.

New York Central Mutual customer satisfaction

Compared to its car insurance, there is less third-party information on NYCM’s home insurance. The carrier was not rated by J.D. Power in the 2023 Home Insurance Study or the 2024 Property Claims Satisfaction Study. However, the company does have an A+ (Superior) financial strength rating from AM Best, which indicates that the company has a strong ability to pay out claims. This is particularly important for home insurance, where claims can quickly get into four, five and six-figure ranges.

New York Central Mutual home insurance customer complaints

New York Central Mutual Insurance home insurance discounts

NYCM has added to the homeowners insurance policy discounts it offers. In addition to common discounts, like a multi-policy discount, policyholders can enjoy unique discounts that are also offered by some of the best homeowners insurance companies:

• Work from home: If the named insured works at least 20 hours per week from home, the policy may be eligible for a 5 percent discount. This discount cannot take effect if the retirement discount is already in place and self-employment is not applicable.
• Gated community: This discount may apply to homes located within a gated community.
• Retirement: In addition to base eligibility starting at age 55 and older, NYCM’s retirement discount has additional requirements. It can only apply if either the named insured or spouse in the same residence is not employed full time, occupies the residency at least 10 months of the year, and insures the policy dwelling amount up to value.
• Renovation discount: Homes 20 years old or older can qualify for this discount if the homeowner has recently replaced the roof or primary heating source. Homeowners must provide proof of purchase and installation to NYCM. Effective from the date of installation, the discount remains on the policy for 20 years.
• Protective device discount: If your home is outfitted with burglar alarms, fire alarms, automatic sprinklers, generators or other home protection devices, you could enjoy a discount on your premium.
• Green discount: If your home is certified as Green by the U.S. Green Building Council LEED for homes rating system or meets green guidelines as set by the National Association of Home Builders Green Building Guidelines, you may be eligible for a 5 percent discount.

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics:

Bankrate Score

Our 2025 Bankrate Score for auto insurance considers key variables that our insurance editorial team determined impact policyholders’ experiences with an insurance company. These factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach. 

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 highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto insurance companies satisfy these priorities, our team analyzed quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC). 
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated the discount options listed on each company’s website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.

Tier scores are unweighted to show the company's true score in each category out of a possible five points.

Bankrate Score

• Tier 1 (Cost & ratings): To determine how well home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.

Tier scores are unweighted to show the company's true score in each category out of a possible five points.