Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in New York: Best Companies & Quotes
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Joanna is an expert on understanding how the different laws and regulations in the car insurance industry shape the way that policies work.
Best Car Insurance Companies in New York
- New York Central Mutual Fire
- State Farm
|Geico||New York Central Mutual Fire||Progressive||State Farm||Travelers||Allstate|
|AM Best Financial Strength Rating||A++||A||A+||A++||A+||A+|
|JD Power 2019 Overall Customer Satisfaction score||3/5||Not Rated||3/5||5/5||4.5/5||3/5|
|Avg Annual Premium||$984||$1,008||$1,242||$1,493||$1,808||$2,063|
|Consumer Reports Reader Score||78||N/A||75||78||N/A||72|
Auto Insurance Statistics in New York
Auto insurance rates in New York have been significantly higher than the national average for many years. Drivers in the state can benefit from learning how auto insurance rates in New York compare to other states when it comes to taking out car insurance policies.
Top 10 Cheapest Car Insurance Companies in New York
|Rank||Company Name||Avg. Annual Premium|
Drunk Driving Fatalities
Drinking and driving is not only dangerous, it is often deadly. To prevent deaths from drinking and driving in New York, it is essential that drivers consider abstaining from operating a vehicle when under the influence of alcohol. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in New York vs. nationwide.
Drunk driving fatalities in New York from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in New York is higher than the national average in 2017. This data shows that more teens in the state are driving while under the influence when compared with the rate of teens drinking and driving across the country. The below statistics compare the percentage of New York drivers that are teenagers who are drinking and driving related to national averages.
Teen Drinking & Driving in New York vs. Nationwide (2017)
SR-22 Insurance in New York
SR-22 insurance in New York can get slightly confusing. While some people still may be required to have SR-22 insurance filings to drive a vehicle in the state (after they've committed a serious infraction), it is not required in most cases. This is due to a change in regulation in 2010.
Still, if you do need SR-22 insurance in New York, it will need to cover the basic coverage requirements issued by New York City. Your insurance provider will also need to provide direct evidence to the New York DMV that you have a policy. No matter what type of insurance policy you purchase in New York, you need to make sure to shop around for multiple rates before you make a purchasing decision.
Car Theft in New York
Car theft in New York is actually much less than in any other state nationwide. By finding out about the rate of car theft in New York, drivers will have a more comprehensive understanding of the level of risk they take while driving and owning a car in the state.
Vehicle thefts by rank nationwide vs. New York
Uninsured Motorists in New York
Without auto insurance, drivers will have to pay out of pocket for accident-related expenses. If you are in an accident with an uninsured driver, it is helpful to have uninsured and underinsured motorist coverage. This can protect you from having to pay for property damage costs and medical bills directly out of pocket. The below data shows how well New York ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
Understand that New York is a no-fault state. This means that every driver is expected to have his/her insurance coverage. In the case of an accident, your insurance provider must step up regardless of whom fault it was. That is a requirement by the law in New York, regardless if you live in Downtown New York, Buffalo, Brooklyn or Rochester.
In New York, the minimum auto coverage for individuals is as follows.
Bodily Injury $50,000 per accident
Bodily Injury $25,000 per person
Property Damage $10,000 per accident
Bodily Injury $50,000 per accident
Bodily Injury $25,000 per person
Personal Injury Protection
$50,000 per person.
Finding cheap auto insurance.
In New York, there are many insurance companies offering auto insurance coverage. The following is a list of the top ranked insurance companies in New York today.
Company yearly rate
Erie Car Insurance $1,149
State Farm $1,519
Mercury Car Insurance $1,714
Cheapest auto insurance for young drivers
Young drivers are described as all drivers in their early 20s. Usually, people in their early 20s require less insurance coverage compared to people with families and savings to protect. Due to this factor, insurance companies often charge them less when it comes to auto insurance premiums.
Geico, Travelers, and New York Central Mutual Fire are among the cheap car insurance companies for young drivers. Geico charges the cheapest at an average of $48 per month for young drivers. Travelers charge $1,090 per year followed by New York Central Mutual Fire at $1,104 per year for young drivers.
Young drivers who are still in school and scoring a B average or better can get a student discount from their insurer. This is usually for young drivers under 25 years.
Cheapest auto insurance for good drivers
Good drivers are drivers who don’t have cases of DUIs, no fault accidents, or traffic violations. Such drivers can get better deals compared to other drivers. Good drivers can also get discounts if they maintain a clean driving record. These discounts include a claim-free discount for staying away from accidents for an extended period.
Geico, Travelers, and Progressive are the best auto insurance for good drivers. Geico charges a rate of $1,056 per year followed by travelers at $1,287/year and lastly progressive at $1,461 per year.
Cheapest auto insurance for drivers with bad credit.
With a poor credit, it can be difficult to find a cheap auto insurance coverage. However, there are companies that are willing to cover you even when you have bad credit. Progressive, Geico, and Travelers are the cheapest respectively.
Progressive charges $1,461/year for drivers with poor credit followed by Geico at $1,472/year then Travelers at $2,591 per year. It is advisable to do your research to find the company that will offer you the best deal.
Cheapest auto insurance for retired drivers
Retired drivers sometimes find it difficult to find cheap auto insurance as rates go higher with age. This doesn’t always mean you cannot get a good deal in New York. Thankfully to their reduced driving hours or hours behind the wheel, they can get better rates as well. Their minimal exposure to accidents also helps them to secure better deals with auto insurance companies.
A retired person can also increase his/her chances of getting better auto insurance rates by refreshing his/her driving skills. This can be done through an online course for accident prevention. Doing so reduces their insurance rates by 10% in 3 years.
Geico offers retired drivers the best rates at $853/year followed by State Farm at $1,343/year then Travelers Company at $1,431 per year.
To find more information on city-specific cheap auto insurance in New York visit https://www.valuepenguin.com/best-cheap-car-insurance-new-york.
Shopping around for auto insurance can save you a lot of money. Don’t just settle for the first insurance company that makes you an offer. It is good to look around to see if you can find better services at lower prices.
Types of Auto Insurance Coverage in New York:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Cheap Auto Insurance Discounts
At CheapAutoInsurance.co, we make it easy to get cheap insurance quotes in New York. We have put together a list of the best auto insurance discounts in the state. Browse the list below to find some of the auto insurance discounts listed that can help you to save on the cost of car insurance in New York each year.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Auto Insurance
In this section, you will find general auto insurance questions in New York such as how much car insurance is to how to change your policy.
How much is car insurance in NY?
When is NY car insurance due?
What happens if you have a lapse in car insurance in New York?
How long do I have to change my car insurance after moving to NY?
At what age is a car considered a classic eligible for insurance discounts in NY state?
What happens if you don’t have high risk car insurance in New York?
How to take car off insurance in NY state when sold?
How to shop for cheapest car insurance in NY?
Where to get insurance for plates for New York car salesman?
How to become a car insurance broker in New York?
Car insurance in NY, how does it work?
How to report auto insurance fraud in NY?
What insurance board regulates the auto industry in NY?
What do I need to show that I have car insurance to the DMV in NY?
When you change car insurance companies, do you have to tell the DMV in NY?
How to sell car insurance in NY?
Auto Insurance Price
In this section, you will find the most frequently asked questions pertaining to prices of auto insurance policies.
What is the cheapest car insurance in NY?
How much is car insurance in NY for a new driver?
How much is car insurance in NY per month?
How much is car insurance in upstate NY?
How much is full coverage car insurance in NY?
Why is New York car insurance so expensive?
How much should car insurance cost per year in NY?
How much must a teen earn to pay car insurance in New York?
Why have my New York car insurance premiums gone up?
Who has the lowest auto insurance rates in New York?
If I’ve never had car insurance in NY, what can I expect to pay?
How much is car insurance for an 18 year old in NY?
How much is one year auto insurance in NY?
How much for commercial car insurance in NY?
How much will car insurance go up after a speeding ticket in NY?
In New York state, how long will a DUI affect car insurance price?
How to calculate insurance on new motorcycle in New York?
General Auto Insurance Companies
In this section, you will find the most frequently asked questions regarding general auto insurance companies.
What is the best car insurance in NY?
Which are the best auto insurance companies in the New York City area?
- GEICO-has the lowest premiums
- Allstate Insurance-offers the most coverage
- State Farm-has some of the lowest deductibles
- Travelers Insurance-best for all types of car insurance
- Nationwide Insurance-expensive but more comprehensive coverage
Which companies offer auto gap insurance in New York?
- Allstate Insurance
- Nationwide Insurance
- Progressive-has a similar insurance policy with a maximum payout of 25% of a vehicles cash value.
Read more about GAP insurance: How much is GAP insurance?
General Auto Insurance Coverage
In this section, you will find the most frequently asked questions pertaining to auto insurance coverage in New York.
What is the minimum auto insurance coverage in New York?
How much liability insurance do I need for my car in New York?
In NY state, when do I need to add a child to auto insurance?
When to buy commercial auto insurance for Uber drivers in New York?
If you have an employee driving a company car, what are insurance regulations in New York state?
What is the highest deductible for car insurance allowed in New York state?
What is an ss6 form for car insurance in NY state?
What is NY auto supplemental insurance?
Who pays the deductible under NY no fault car insurance?
What is full coverage auto insurance in New York?
What insurance is needed to lease a car in NY?
Auto Insurance Claims
In this section, you will find frequently asked questions pertaining to common auto insurance claims in New York.