Best Car Insurance in New York 2021

Last modified: January 21, 2021

Do you live in the Big Apple? Are you in search of companies offering the best car insurance in New York? If yes, then look no further. This post gives you all the details about the best auto insurance companies in NY. Read on for insights.

What Are the State Minimum Requirements?

Before we begin our review for insurance companies, let us first take a look at what minimum auto insurance coverage in New York is required?

According to the New York Department of Motor Vehicles, NY state minimum car insurance requirements are as follows:

  • $10,000 for vehicle/property damage for a single accident
  • $25,000 bodily injury liability and $50,000 for death for an individual involved in an accident
  • $50,000 bodily injury liability and $100,000 for death for two or more individuals in an accident

These New York auto insurance requirements must be fulfilled to operate a vehicle in the city legally.

Average Costs

State Average Costs for Full Auto Insurance 

Age Group Average Annual Rate
16 $5,806
25 $1,935
45 $1,777
65 $1,743

 

Cost of Car Insurance by Top Cities

 

City Premium
  • New York City
$436
  • Buffalo
$141
  • Rochester
$106
  • Yonkers
$166
  • Syracuse
$157
State Average $201

Cheapest Providers

Here is a table with the cheapest car insurance companies in NY across different categories. Take a look to find the best car insurance in New York according to your situation: 

Category Provider for car insurance in NY Annual Cost 
Good drivers GEICO $1,602 
Minimum coverage  GEICO  $711
Poor credit GEICO $ 1,990
After a DUI Allstate $ 2,428
Married couples Allstate $2,527
Families with a teen GEICO $4,633
Young good drivers GEICO $1,706

 

New York State Auto Insurance Laws

As per the New York State auto insurance laws you can be charged for the following traffic violations:

  • Speeding
  • Overdue parking meter
  • Failure to use a turn signal
  • Parking in a handicapped zone 
  • Reckless driving
  • Improper stopping at a stop sign
  • Improper yielding 
  • Cutting-off another vehicle

Here is a quick overview of the points that will cost you on each type of traffic violation in New York:

Violation Points
Speeding (mph over speed limit):
1 – 10 mph 3
11 – 20 mph 4
21 – 30 mph 6
31 – 40 mph 8
More than 40 mph 11
Speeding (mph over speed limit not indicated) 3
Reckless driving 5
Failing to stop for a school bus 5
Inadequate brakes 4
Following too closely 4
Not obeying a traffic signal, a stop sign, or a yield sign 3
Failing to yield the right-of-way 3

Companies for Best Car Insurance in New York

Here is a table with prices, ratings, and coverage options for companies that offer the best car insurance in New York.

 

Company Provisions & Coverage Ratings Discounts Car Insurance Costs for Different Use Case
GEICO
  • Liability coverage 
  • Personal injury protection 
  • Underinsured/uninsured motorist coverage 
  • Collision coverage 
  • Comprehensive coverage 
  • Mechanical breakdown coverage
  • Ridesharing insurance
  • AM Best — A++
  • J.D. Power —830
  • Standard & Poor’s— AA+
  • Military discount
  • Federal employee discount
  • Student discount
  • Seat-belt use discount
  • Multi-vehicle discount
  • E-banking discount
  • Anti-lock brake discount
  • Good driver discount
  • Educated driver discount
  • Drivers with DUI— $3,480 per year
  • Drivers with an At-Fault Accident—  $2,265 per year
  • Young Driver (25 years) — $1,706 $per year
  • Good driver— $1,602 per year
USAA
  • Collision and comprehension insurance
  • Bodily injury and property damage 
  • Uninsured and underinsured motorist, PIP and medical payments 
  • Roadside assistance, rental reimbursement, accident forgiveness 
  • Rideshare coverage
  • J.D. Power —830
  • Standard & Poor’s— AA
  • Safe driver 
  • Defensive driving course 
  • Driver training course 
  • Good student 
  • New vehicle 
  • Multi-vehicle 
  • Annual mileage 
  • Vehicle storage 
  • Family discount 
  • Length of membership 
  • Military installation 
  • Policy bundling
  • Drivers with an accident—$3,780
  • Good drivers—$3,166
State Farm
  • Rental car and travel expenses coverage 
  • Roadside assistance coverage 
  • Rideshare driver coverage
AM Best— A++

Standard & Poor’s— AA

J.D. Power —851

  • Accident-Free Discount
  • Defensive Driving Course Discount
  • Accident Prevention Course Discount
  • Anti-Lock Brake Discount
  • Anti-Theft Device Discount
  • Daytime Running Lights Discount
  • Drive Safe & Save Discount
  • Driver Training Discount
  • Good Driving Discount
  • Good Student Discount
  • Multiple Automobiles Discount
  • Steer Clear® Safe Driver Discount
  • Student Away at School Discount
  • Drivers with poor credit— $5,194 per year
  • Driver with a DUI—$2,163 per year
Travelers
  • Gap insurance 
  • Ridesharing insurance  
  • IntelliDrive  Premier new car replacement 
  • Travelers’ Responsible Driver Program 
  • The Premier Responsible Driver Program 
AM Best —A++ 

J.D. Power —818

Standard & Poor’s— AA

  • Multi-policy
  • Homeownership
  • Hybrid/electric vehicle
  • Good student
  • Student away at school
  • Driver training
  • Drivers with DUI— $2,782 per year
  • Good drivers— $1,928 per year
  • A good driver with poor credit— $4,023 per year
  • Drivers with one at-fault crash— $2,300 per year
Progressive
  • Liability
  • Collision and comprehensive
  • Medical payments
  • Personal injury protection
  • Gap insurance
  • Custom parts and equipment value
  • Pet injury protection
  • Deductible savings bank
  • AM Best —A+
  • J.D. Power —818
  • Standard & Poor’s—AA 
  • Multi-policy discount
  • Multi-car discount
  • Snapshot good driver program
  • Discount for adding a teen driver
  • Good student discount
  • Drivers with DUI—$ $1,341  per year
  • Drivers with one at-fault crash—$2,963 per year
  • Good driver— $2,247per year
Metlife
  • Gap coverage insurance
  • Legal fee coverage
  • New car replacement
  • Major parts replacement
  • Deductible savings benefit
  • Usage-based insurance
  • J.D. Power —3/5
  • AM Best — A+
  • Standard & Poor’s— AA-
  • Good driver discount
  • Discount for taking an approved defensive driving course
  • Multi-policy discount
  • Good student discount
  • Drivers with one at-fault— $2,598 per year
  • Drivers with DUI—$3,219 per year
Allstate
  • Liability coverage 
  • Uninsured/ Underinsured Motorist
  • Medical payment 
  • Personal injury protection
  • Collision and Comprehensive coverage
  • AM Best — A+
  • JD Power —826
  • Standard & Poor’s— AA
  • Multi-Policy
  • Responsible Payer
  • New Car
  • Safe Driver
  • Good Student
  • Drivers with DUI— $1,199 per year.
  • Drivers with one at-fault crash— $2,357 per year
  • Good driver— $1,752 per year.
  • Driver after a ticket in New York— $2,135  per year

Detailed Reviews

Read on to learn about the best auto insurance in NY to make an informed NY auto insurance plan buying decision:

USAA

USAA is a bank as well as a car insurance company in NY. The company sells car insurance in NYC to customers on the phone and over the web instead of through agents. By opting for USAA auto insurance in NYC, you can access multiple coverage options such as:

  • Vehicle Protection—collision and comprehensive coverage
  • Financial Protection —in which the company pays for bodily injury and property damage
  • Passenger Protection —uninsured and underinsured motorist, PIP and medical payments
  • Extra Protection—roadside assistance, rental reimbursement, accident forgiveness rideshare coverage (add this to your policy if you are a Uber or Lyft driver)

The company also offers different types of discount options for students, good drivers, and families. Please note though that it’s only offered to the families, spouses, and children of active and retired military members. 

State Farm

State Farm is the biggest auto insurance company in the US. It is an experienced and well-reputed company offering various auto insurance coverage options and discounts to help car drivers across categories get the best policy. You can navigate through your options for a NY auto insurance plan that works for you. 

The company is known for providing generous rental car and travel expenses. Their competitive discounts give buyers amazing opportunities to save on insurance policies.

Another top reason for its massive popularity is its excellent customer service. State Farm has about 19,000 agents and offers multiple online support options. Its superior customer service can be gauged from its 851 J.D. Power score, which is truly exceptional.

Travelers

Travelers is a well-known name in the auto industry; That said, it is far behind State Farm and GEICO when it comes to customer satisfaction rate. Beyond the standard coverage options, this car insurance company in NY has additional coverage options too. 

MetLife

Metlife offers policies through a wide network of agents in NY and across the US. They provide several coverage options that will pay for the full cost of replacing your damaged property. MetLife provides you with a full range of options from new car replacement to major parts replacement, usage-based insurance, and deductible savings benefits. One feature that truly makes Metlife stand out is reimbursing legal fees if you are sued after an accident.

GEICO

By far, GEICO is the company offering the cheapest auto insurance in NY. It is the second-largest auto insurance company in the US and best known for its affordable pricing, even for drivers with poor credit and high-risk drivers. 

The company offers customers multiple options to connect and buy policies with sheer convenience. If you’re looking for affordable car insurance in NY GEICO should be your choice.  

Allstate

A broad array of discounts and coverage options makes Allstate a good option for car insurance policy buyers. As compared to other companies, Allstate is a cheap auto insurance provider in NY. They offer cheap car insurance policies in NY to married couples and drivers after a DUI and a ticket in New York. So, if you fall in any of these categories, then Allstate is your best bet.

Progressive

Progressive is the third largest NYC car insurance company in the US. From coverage options to discounts and superior customer service, Progressive offers all. In comparison to other companies, rates of Progressive in NYC are quite high.

In Conclusion

In a nutshell, when it comes to the company that offers the best car insurance in New York, the answer is variable depending on your budget, type of driver you are, and your driving history. For example, GEICO is the best choice for affordable rates, while for amazing discounts, State Farm should be preferred. 

Thus, we advise you to browse and evaluate all options carefully before you make your final decision. Reach out to different companies to get car insurance quotes in NY. It will help you shortlist the best car insurance options in New York.

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

How much is car insurance in NY?

On average, the annual auto insurance cost in New York is $1,234.84. 

How much is car insurance for a NYC first time driver?

Assuming an individual auto insurance policy for a 17-year-old, insurance for a first-time driver in NY will cost around $4,200 to $5,500 annually.

What is the cheapest car insurance in NY?

GEICO is by far the cheapest choice.

Do you need car insurance to register your car in NY?

Yes. If you want to register a car you must have New York State issued automobile liability insurance coverage that meets the NY state minimum car insurance requirements

Is New York a no-fault state for auto insurance?

Yes. It is a no-fault state for insurance.