In New York, full coverage car insurance averages $2,510 yearly, while state minimum coverage is about $1,392. These rates are $1,214 and $797 pricier, respectively, than the national average.
Average Cost of Car Insurance in New York
Updated: January 10, 2025
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Key Takeaways
Drivers in New York pay about 93.6% more for full coverage car insurance compared to the national average.
For minimum coverage, the cost is approximately 86.2% higher than the national average.
The average cost of car insurance in the Empire State is $2,510 for full coverage and $1,392 for minimum coverage, making it one of the most expensive states for car insurance.
How Much Is Car Insurance in New York?
| Full Coverage | $2,510 | $1,296 | 94% |
| State Minimum Liability Only | $1,392 | $595 | 134% |
Read More: Average Cost of Car Insurance
New York Car Insurance Rates by Coverage Level
Your choice of coverage in the Empire State shapes your car insurance rate. Opting for higher liability limits and full coverage bumps up the rate, while a heftier deductible could shrink your premium. Here's what New York drivers pay on average for state minimum and full coverage with various deductibles and liability limits.
| 300/500/300 | Full Coverage | $2,792 | $500 |
| 300/500/300 | Full Coverage | $2,744 | $1,500 |
| 300/500/300 | Full Coverage | $2,708 | $1,000 |
| 100/300/100 | Full Coverage | $2,593 | $0 |
| 100/300/100 | Full Coverage | $2,545 | $1,500 |
| 100/300/100 | Full Coverage | $2,510 | $1,000 |
| State Minimum | Full Coverage | $2,310 | $500 |
| State Minimum | Full Coverage | $2,262 | $1,500 |
| State Minimum | Full Coverage | $2,226 | $1,000 |
| 300/500/300 | Liability Only | $2,076 | $0 |
| 100/300/100 | Liability Only | $1,765 | $0 |
| State Minimum | Liability Only | $1,392 | $0 |
Read More: Liability vs. Full Coverage Car Insurance
Average New York Car Insurance Cost by City
Car insurance rates in New York's cities can differ due to crime rates, traffic, weather, and costs for health care or vehicle repairs. For instance, Buffalo's annual full coverage is $1,617, less than New York City's $3,060 and Yonkers' $2,296. Compare these rates and more against the state average in the table below.
| Buffalo | $1,617 | -15% | $953 | -13% |
| New York | $3,060 | 60% | $1,761 | 61% |
| Rochester | $1,257 | -34% | $723 | -34% |
| Syracuse | $1,356 | -29% | $764 | -30% |
| Yonkers | $2,296 | 20% | $1,284 | 17% |
Average New York Car Insurance Cost by Age
In New York, your age can drive up car insurance rates, especially for younger drivers seen as higher risk. On average, 25-year-olds pay over 18% more for state minimum coverage and over 18% more for full coverage than 40-year-olds. They also face over 10% and over 14% higher rates, respectively, compared to 65-year-olds, making age a notable factor in insurance costs.
| 25 | $2,965 | $1,618 |
| 40 | $2,510 | $1,392 |
| 65 | $2,586 | $1,464 |
While age often changes car insurance prices, folks in California, Massachusetts, and Hawaii won't see this. These states don't let age affect the cost of minimum coverage.
Car Insurance Costs in New York for Young Drivers by Gender
New York young drivers face higher car insurance costs because they're more likely to be in accidents. Drivers aged 18 to 25 pay about $2,162 per year when added to a family policy, which is 24% less than buying their own policy at $2,677.
Gender also changes what young New Yorkers pay for car insurance. Young female drivers pay around $2,481 annually, which is 14% less than male drivers who pay $2,872. Below, you'll find the average costs for individual and family policies for young drivers in New York, broken down by gender.
Car Insurance Costs in New York for Young Women
Adding an 18-year-old woman to a family car insurance policy in New York averages $2,546 annually. Choosing an individual policy instead can bump the rate up to $4,185, a steep increase for Empire State drivers.
| 18 | $4,185 | $2,546 | -39% |
| 19 | $3,140 | $2,579 | -18% |
| 20 | $2,687 | $2,205 | -18% |
| 21 | $2,239 | $1,840 | -18% |
| 22 | $2,126 | $1,916 | -10% |
| 23 | $1,932 | $1,746 | -10% |
| 24 | $1,850 | $1,667 | -10% |
| 25 | $1,688 | $1,534 | -9% |
Car Insurance Costs in New York for Young Men
An 18-year-old man in New York pays about $5,218 for full coverage on his own. By joining a family policy, the cost drops to $2,953, saving 43% each year.
| 18 | $5,218 | $2,953 | -43% |
| 19 | $3,786 | $3,056 | -19% |
| 20 | $3,235 | $2,644 | -18% |
| 21 | $2,603 | $2,115 | -19% |
| 22 | $2,367 | $2,249 | -5% |
| 23 | $2,099 | $2,011 | -4% |
| 24 | $1,964 | $1,878 | -4% |
| 25 | $1,706 | $1,655 | -3% |
Average New York Car Insurance Cost by Driving Record
In New York, a driving mistake like an at-fault accident could raise your full coverage insurance by 44%. A DUI might nearly double it, with a 100% hike. We show how these rates for at-fault accidents, DUIs, and speeding tickets stack up against the average for drivers without offenses.
| At-Fault Accident | $2,753 | 44% | $1,527 | 39% |
| DUI | $3,812 | 100% | $2,087 | 90% |
| Ticket | $2,852 | 49% | $1,570 | 43% |
Read More: High-Risk Car Insurance in New York
Average New York Car Insurance Cost by Credit Score
In New York, your credit-based insurance score plays a big role in setting your car insurance rates. On average, full coverage annual premiums can be as low as $1,738 for drivers with excellent credit and soar to $6,261 for those with poor credit.
| Excellent | $1,738 | -9% | $889 | -19% |
| Good | $2,164 | 13% | $1,122 | 2% |
| Fair | $2,814 | 47% | $1,498 | 37% |
| Below Fair | $3,944 | 107% | $2,182 | 99% |
| Poor | $6,261 | 228% | $3,584 | 227% |
CREDIT SCORES AND YOUR PREMIUM
A credit score between 670 and 739 indicates financial reliability and can reduce insurance rates for New York drivers. However, Hawaii, Massachusetts, Maryland, California, and Michigan do not allow credit-based insurance scores for pricing. In states like North Carolina, Oregon, Washington, Utah, and Nevada, credit scores can be considered only in specific situations.
Average New York Car Insurance Cost by Company
Car insurance costs can differ a lot from one company to another. In New York, Kemper has the most affordable average annual full coverage at $1,121. Hanover's premium is the priciest, costing 88% more than the state's average.
| Kemper | $1,121 | $646 |
| Progressive | $1,148 | $731 |
| American Family | $1,588 | $883 |
| GEICO | $1,919 | $920 |
| Erie | $2,168 | $1,271 |
| State Farm | $2,415 | $1,439 |
| Allstate | $2,420 | $1,366 |
| Chubb | $2,614 | $1,333 |
| Travelers | $2,760 | $1,675 |
| Mercury | $4,152 | $2,250 |
| Hanover | $5,300 | $2,802 |
Read More: Cheapest Car Insurance Companies in New York
Average New York Car Insurance Cost by Vehicle Age
In New York, newer cars have higher insurance premiums because they're worth more and cost more to fix or replace if stolen. On average, full coverage for a new model is $1851 a year, while it's $1590 for a 10-year-old car.
| 10-Year-Old Vehicle | $1,590 | $922 |
| New Model Vehicle | $1,851 | $904 |
ACTUAL CASH VALUE
The actual cash value (ACV) of your car is the value your insurer decides it held right before any damage. For comprehensive or collision claims, this ACV helps determine the maximum payout for repairs or replacement, minus any deductible. This process ensures the claim aligns with your car's fair market value.
Read More: Used Car Insurance
New York Car Insurance Rates Explained
In New York, car insurance rates are often higher compared to the national average. Factors like your credit-based insurance score, driving history, and car model play a role in determining your full coverage and state minimum premium costs.
Is Car Insurance Expensive in New York?
Car insurance in New York is expensive, with the average full coverage cost at $209 per month. It's about 94% higher than the national average for full coverage.
Read More: Why Car Insurance is So Expensive
Car Insurance Costs in New YOrk vs. National Average
National Average Cost
Full Coverage Car Insurance
$108
New York Average Cost
Full Coverage Car Insurance
$209NY Car Insurance Is Expensive:$101 more
This is 94% more expensive.
Why Are Car Insurance Rates Expensive in New York?
Car insurance in the Empire State is pricey due to its bustling cities, tough weather, and strict laws. These lead to more accidents and claims, making even minimum coverage costly. Understanding these factors can help residents navigate their options.
Read More: Car Insurance Rates by State
Estimating Your Car Insurance Costs in New York
The average car insurance rates in New York are shaped by many things like laws and the economy. But your price for insurance will depend on your own details, like how you drive and your car.
Driving Record
Safe driving habits can lead to fewer accidents and traffic violations, which can help lower your car insurance rates.
Age and Gender
Younger drivers typically pay more for insurance. Males under 25 may face higher rates, but costs can decrease with age.
Credit History
A higher credit score can result in lower insurance premiums. Pay bills on time and reduce debt to improve your credit.
Vehicle Type
Insurance costs can vary depending on the car's make and model. Choose a vehicle with a strong safety record for better rates.
Location Within New York
Living in areas with lower crime rates and less traffic can lead to more affordable car insurance premiums.
Coverage Level
Opt for higher deductibles or adjust coverage levels to match your needs, which can result in lower monthly premiums.
Marital Status
Married couples often receive lower rates due to perceived stability. Combining policies can also lead to discounts.
State Law
New York state laws may require certain coverages; understanding them can help you choose the right policy and save money.
Read More: New York Car Insurance Calculator
Minimum Car Insurance in New York
In New York, the average cost for state minimum car insurance is $1392, which is much higher than the national average of $595. Despite this, the state minimum coverage remains a more budget-friendly choice compared to full coverage options. Here's a look at the minimum requirements you'll need:
New York Car Insurance Requirements
In New York, you need certain car insurance to drive legally. You must have $25,000 for bodily injury per person and $50,000 per accident. There's also a $10,000 minimum for property damage. If you're hit by someone without insurance, you need at least $25,000 per person and $50,000 per accident in coverage. Personal Injury Protection is set at $50,000. If an accident leads to death, the coverage minimums are $50,000 per person and $100,000 per accident.
Liability Limits | Description |
|---|---|
$25,000 for bodily injury liability per person. | In New York, this amount covers injuries to one person in an accident you cause. |
$50,000 for bodily injury liability per accident. | This covers injuries to all persons in an accident you cause, up to the policy limit. |
$10,000 for property damage liability per accident. | This amount covers damage to another person's property in an accident you cause. |
$25,000 uninsured motorist bodily injury per person. | This coverage protects you if you're hit by an uninsured driver, covering injuries per person. |
$50,000 uninsured motorist bodily injury per accident. | This covers injuries for all persons if hit by an uninsured driver, up to the policy limit. |
$50,000 personal injury protection (PIP) per person. | This coverage helps with medical expenses regardless of who is at fault in an accident. |
$50,000 death liability per person. | This amount covers death-related expenses for one person in an accident you cause. |
$100,000 death liability per accident. | This covers death-related expenses for all persons in an accident you cause, up to the policy limit. |
How to Lower Car Insurance Costs in New York
To save on car insurance in the Empire State, compare rates and use discounts to lower your bill.
- 1
Compare Multiple Quotes
Researching multiple insurance providers can help you find more affordable car insurance, potentially saving you hundreds of dollars annually.
- 2
Lower Your Risk Profile
A better credit score or clean driving record without at-fault accidents or moving violations can significantly lower insurance premiums because insurers view you as a lower risk.
- 3
Adjust Your Coverage
Reviewing coverage needs can help ensure you're paying only for the coverage you need. Consider increasing deductibles to lower costs or explore usage-based policies if you drive fewer miles.
- 4
Ask for Discounts
Inquire about discounts for safe driving, good grades, anti-theft devices, and bundling policies, as these can lead to drastically lower premiums.
- 5
Consider the Car You Drive
Driving a car that's less expensive to insure, like one with good safety ratings, can result in lower insurance costs.
Read More: How to Reduce Your Car Insurance Costs
Auto Insurance Rates in New York: Bottom Line
In New York, the average yearly cost for full coverage car insurance is $2,510, which is higher than the national average of $1,296. Factors like your driving record, age, and the type of car you drive can change your rate. Compared to other states, New York is on the expensive side for car insurance.
New York Car Insurance Rates: FAQ
Discover what affects car insurance costs in New York. Learn to find affordable rates by understanding key factors.
What are the minimum car insurance requirements in New York?
The minimum car insurance requirements in New York include: $25,000 for bodily injury liability per person and $50,000 per accident, $10,000 for property damage liability, $50,000 for personal injury protection (PIP), and $25,000/$50,000 for uninsured/underinsured motorist coverage per person/per accident, respectively. Death liability coverage is set at $50,000 per person and $100,000 per accident. The cost of basic coverage in New York will vary based on individual circumstances and provider.
What is the average cost of full coverage and minimum coverage auto insurance in New York?
The average cost for full coverage auto insurance in New York is $2,510 per year. Meanwhile, the average rate for state minimum coverage is $1,392 annually.
What is the average cost of car insurance for a 25-year-old in New York?
The average cost for full coverage auto insurance for a 25-year-old in New York is $2,965, while the average for state minimum coverage is $1,618. These rates are relative to the state average, indicating their competitiveness within the local market.
What are the cheapest car insurance companies in New York?
Kemper offers the most affordable car insurance in New York, with an annual premium of $1,121 for full coverage and $646 for minimum coverage. While choosing the cheapest option, ensure it provides sufficient protection against potential financial losses. To learn more about the most affordable car insurance options, visit MoneyGeek's guide.
New York Auto Insurance Cost: How We Determine Average Rates
We used a sample driver profile with the following attributes to determine average car insurance rates in New York:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified this driver profile by age, vehicle, credit score, and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles
Unless otherwise noted, average rates on this page are for a full coverage policy with comprehensive and collision coverage, a $1,000 deductible for each, and the following liability limits (100/300/100):
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
When minimum coverage is specified, we used the following minimum liability-only limits as mandated by New York:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $10,000 for property damage liability per accident
- $25,000 uninsured motorist bodily injury per person
- $50,000 uninsured motorist bodily injury per accident
- $50,000 personal injury protection (PIP) per person
- $50,000 death liability per person
- $100,000 death liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.