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It pays to know what’s required to drive in New York when it comes to auto insurance. Compare average car insurance costs, state laws and shop around to find the best rates in the state of New York.
Car insurance quick facts
In no fault states, each driver pays for their own damages in an accident.
Company | Direct premiums written (billions) | Market share |
---|---|---|
Geico | $4,555,220 | 32.6% |
Allstate | $1,897,997 | 13.6% |
State Farm | $1,756,075 | 12.6% |
Progressive | $1,477,674 | 10.6% |
Liberty Mutual | $761,979 | 5.4% |
Travelers | $542,543 | 3.9% |
USAA | $422,789 | 3.0% |
NYCM | $365,370 | 2.6% |
National General | $337,462 | 2.4% |
Nationwide | $270,391 | 1.9% |
New York averages $1,350 annually for standard car insurance coverage, which puts it slightly above the national average of approximately $1,300. Costs vary within the state based on your driving history, vehicle and level of coverage.
Location is one of many factors that can affect your insurance rate. For example, a driver who lives and parks their car in downtown Manhattan could pay more to insure their car than someone up in Woodstock. City living comes with some extra risks for vandalism and theft, plus driving in tight traffic more often tends to mean you’re at a greater risk for accidents.
While the state average is in the $1,300 range, you could pay more or less depending on your situation. To give you an idea of how much you might pay for car insurance, compare sample quotes for drivers living in the state of New York. These rates are for a married driver with good credit wanting great coverage for a newer sedan.
Of New york’s largest cities, Staten Island has the cheapest rates and Brooklyn has the most expensive car insurance rates. Brooklyn drivers could face rates 8 times more than Staten Island drivers.
Company | Annual car insurance rate |
---|---|
Allstate | $1388 |
Esurance | $6191 |
Progressive | $2815 |
Geico | $1496 |
StateFarm | $4262 |
Company | Annual car insurance rate |
---|---|
Allstate | $1388 |
Esurance | $5520 |
Progressive | $2491 |
Geico | $1496 |
StateFarm | $4262 |
Company | Annual car insurance rate |
---|---|
Allstate | $1343 |
Esurance | $8614 |
Progressive | $3470 |
Geico | $2323 |
StateFarm | $5446 |
Company | Annual car insurance rate |
---|---|
Allstate | $1418 |
Esurance | $4076 |
Progressive | $2405 |
Geico | $1014 |
StateFarm | $1804 |
Company | Annual car insurance rate |
---|---|
Allstate | $1100 |
Esurance | $4502 |
Progressive | $2366 |
Geico | $1398 |
StateFarm | $2939 |
When shopping for car insurance, you’ll sometimes see this written as 25/50/10.
Some states, including New York, require you to purchase uninsured or underinsured motorists coverage (UM/UIM coverage), which protects you in an accident with someone without proper insurance coverage. New York’s laws require a UM/UIM minimum equal to that of the regular liability coverage.
Unlike other states, New York doesn’t require drivers with DUI convictions to file SR-22 insurance — a certificate that tells the state you have the minimum coverage required to get behind the wheel. If a driver is required to file one, they’ll be notified by the state.
Compare car insurance companies near you.
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Getting the right car insurance could make all the difference when it comes time to filing a claim, and depending on your circumstances, it could mean buying a policy with more coverage than the bare minimum. Shop around and compare your options to find the best value, and work with your provider to build a policy that works for you.
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