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The Best Cheap New York Car Insurance for 2022

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Like the majority of states, New York requires all drivers to carry auto insurance. However, if finances are tight, it can be tough to find affordable car insurance in New York. On this page, drivers asking, "How much is car insurance in New York?" can find answers.

  • Cheapest for typical drivers: Geico
  • Cheapest for young drivers: Chubb Insurance
  • Cheapest for senior citizens: Geico
  • Cheapest for drivers with one speeding ticket: Geico
  • Cheapest for drivers looking for minimum coverage: Geico

Cheapest for typical drivers

Geico is the big winner for cheapest car insurance in New York, with an average annual rate of $1,421.

Geico

Logo for Geico
Best for drivers in New York with a clean driving recordGeico
Rating image, 4.50 out of 5 stars.
4.50 stars
Info Icon Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Other competitive carriers include:

Cheapest for young drivers

The best car insurance in New York for teen and young drivers is Chubb. Chubb will cover a new teen driver for $5,014 annually (or $418 per month). While their rate is certainly not cheap, it's far lower than most other carriers. Often, the cost of coverage is based on whether a teen is in school, has good grades, and has taken a driver's education course.

Chubb

Logo for Chubb
Best for drivers willing to pay more for higher levels of serviceChubb
Rating image, 3.50 out of 5 stars.
3.50 stars
Info Icon Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Runners-up for low cost car insurance for teens include:

  • Geico, with a rate of $5,313
  • Nationwide, offering an average rate of $5,332

Cheapest for senior citizens

Geico once again comes in as one of the best car insurance companies in New York. Seniors, age 65 and older, looking for cheap auto insurance in New York can expect to pay around $1,453 annually for a Geico policy.

Other contenders include:

  • Nationwide Insurance, with a rate of $1,819
  • USAA, with an average annual rate, of $1,932

Cheapest for drivers with one speeding ticket

Drivers with a history of tickets can get dinged hard by some insurers, but not so when it comes to Geico. At $2,283, Geico stays competitive.

Other insurance companies worth exploring are:

  • Nationwide, with an average rate of $2,288
  • USAA, with a rate of $2,363

Cheapest for drivers looking for minimum coverage

If you're a New York driver looking for just enough coverage to allow you to drive legally, a minimum coverage policy is available from Geico for $537 a year.

Runners-up include:

  • Republic-Franklin, with a rate of $703
  • USAA, with an annual rate of $746

Average car insurance cost in New York compared to the national average

At $3,953, auto insurance rates in New York are higher than the national average of $2,875 by nearly 38%.

AVERAGE RATE CATEGORY NEW YORK NATIONAL AVERAGE
Overall $3,953 $2,875
Young drivers $8,334 $6,087
1 accident on driving record $4,263 $3,226
1 speeding ticket on driving record $3,877 $2,840
Data source: Quadrant data.

Why that average rate does not tell the whole story

How much a particular driver will pay depends in large part on the level of coverage they're looking for and the amount of deductible they're willing to pay in the event of a claim.

New York auto insurance laws

New York car insurance laws are strict. Driving without insurance can cost as much as $1,500, plus an additional $750 to the DMV to get your license back after it's been revoked. Drivers who continue to drive without coverage can find themselves in jail.

New York minimum coverage requirements

Drivers looking to meet New York minimum car insurance requirements must carry liability coverage of at least:

  • $10,000 for property damage for a single accident
  • $25,000 for bodily injury and $50,000 for death of a person involved in an accident
  • $50,000 for bodily injury and $100,000 for death of two or more people in an accident

While finding cheap liability car insurance in New York may require a little shopping. The good news is that it's available to those who look.

How to get cheap auto insurance in New York

Finding cheap auto insurance in New York (or anywhere else) involves taking time to shop around and get multiple car insurance quotes. It's not enough to check a couple of insurers. Rates vary wildly and for most people, one insurer offers enough discounts to rise to the top of the list.

The ideal policy

Once a driver has gathered New York car insurance quotes from the best car insurance companies, it's important to compare them side by side. The best policy is typically the one that offers the highest level of coverage at the lowest price.

Utilize discounts

It's easy to look at average policy rates and assume that all drivers pay about the same. Averages are just that, though. They take into account the highest priced policies and the least expensive policies. A driver who qualifies for discounts on car insurance (like safe driver and bundling) can snag rates on the lower end.

New York law mandates that drivers who take a defensive driver course (and send their certificate of completion to their insurance company) receive a 10% discount on collision and liability coverage for three years.

Other things to consider when looking for car insurance in New York

Despite higher-than-average premium costs, New York has the second-lowest uninsured rate in the U.S. While it's impossible to know precisely why, the steep penalties for driving without insurance may help explain why 94% of New Yorkers buy insurance before getting behind the wheel of a car.

FAQs

  • Basic, minimum insurance in New York may cost as little as $537 per month. Before opting for minimum coverage, make sure to understand what it will (and will not) cover.

  • The price depends on several factors, including the level of coverage required, driving history, and credit score. The "typical" driver with no accidents on their record may be able to land an annual policy for under $1,500.

  • There are several ways to keep auto insurance premiums low:

    • Maintain a clean driving record
    • Keep a high credit score
    • Choose a higher deductible (the higher the deductible, the lower the annual premium)

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