Cheapest Car Insurance in New York
Numbers refreshed
Where New York publishes rates, insurers are ranked by price, plus ways to lower your own bill.
- $104.the average monthly cost of the legal minimum.
- 25/50/10.the lowest liability limits.
- 3rd of 51.the third priciest state (1st = highest).
Which insurers cost the least in New York
New York doesn't publish a price comparison of insurers, so official figures can't rank every company in the state. On average, the cheapest legal policy costs $1,243 a year, or about $104 a month (NAIC).
Get the same limits and deductibles quoted by at least three insurers. Direct writers, local agents and regional companies often quote very different prices for the same driver.
How to lower your bill
- Keep the state minimum only on an old car you could replace with cash: dropping collision and comprehensive saves $906 a year on the New York average.
- Raise your deductible; the extra you'd pay on one claim is often less than what you save that year.
- Ask for each discount by name: paying in full, good student, bundling home and auto, multi-car and safe-driving apps.
- Shop around again when you renew; if your rate goes up, other companies may not have.
First written