Cheapest New York Car Insurance (2024)
Progressive is usually the best choice for New York drivers looking for either the cheapest full coverage or liability insurance.
Progressive is also often the cheapest choice for teenage drivers and those with a speeding ticket. But if you have an at-fault accident or bad credit, you might find a better deal elsewhere.
Cheapest insurance companies in New York
Cheapest full-coverage car insurance in New York: Progressive
Drivers in New York looking for full-coverage car insurance tend to get the cheapest rates from Progressive, with an average yearly rate of $1,124. Erie is the second-cheapest for most New Yorkers, at $1,678 a year.
USAA also has a low average annual rate, at $1,422, but its insurance products are only available to active and retired military and their families.
Cheapest companies for full-coverage car insurance
| Company | Average annual rate | LendingTree score |
|---|---|---|
 Progressive | $1,124 |  |
 Erie | $1,678 | |
 State Farm | $1,780 |  |
 Geico | $2,209 |  |
 Allstate | $2,855 |  |
 Travelers | $3,142 | |
 USAA* | $1,422 | |
“Full coverage” is an umbrella term for the combination of liability, collision and comprehensive coverage.
Collision coverage handles damages resulting from a car accident. Comprehensive covers damage from other sources, such as falling ice or branches, as well as auto theft and vandalism.
New York law does not require you to carry full coverage. However, if you finance or lease your car, the lender will probably insist on full-coverage car insurance.
Cheapest New York liability-only coverage: Progressive
Progressive has the cheapest average rate for liability car insurance in New York, at $627 a year.
Erie is usually the next-cheapest choice for minimum liability cover, at $868 a year.
Cheapest companies for liability car insurance
| Company | Average annual rate |
|---|---|
| Progressive | $627 |
| Erie | $868 |
| State Farm | $1,021 |
| Geico | $1,038 |
| Travelers | $1,588 |
| Allstate | $1,590 |
| USAA* | $678 |
Each state has required liability car insurance limits. These cover the medical and repair costs of others involved in an accident you’re responsible for, as well as handling your court expenses due to the accident.
Cheapest rates for young drivers in New York: Progressive
Progressive also has the cheapest rates for teen drivers in New York, at an average of $2,019 a year. State Farm is the next-cheapest at $3,216 a year.
Cheapest car insurance companies for teen drivers
| Company | Average annual rate |
|---|---|
| Progressive | $2,019 |
| State Farm | $3,216 |
| Erie | $3,516 |
| Allstate | $3,757 |
| Travelers | $3,999 |
| Geico | $4,050 |
| USAA* | $2,398 |
Teens tend to pay more for car insurance than other age groups, as their inexperience with driving makes them a high risk.
Cheapest rates after a speeding ticket in New York: Progressive
New York drivers with a speeding ticket or similar violation on their record will also tend to find the cheapest rate for car insurance with Progressive, at an average of $1,159 a year.
State Farm has the next lowest rates for most New Yorkers, at $1,957 on average.
Cheapest car insurance companies after a ticket
| Company | Average annual rate |
|---|---|
| Progressive | $1,159 |
| State Farm | $1,957 |
| Erie | $2,082 |
| Geico | $2,839 |
| Allstate | $3,505 |
| Travelers | $3,586 |
| USAA* | $1,603 |
A speeding ticket will stay on your driving record in New York for four years. During this time, insurance companies will consider you high risk and charge higher rates.
Cheapest rates after an accident in New York: Erie
If you have an at-fault accident on your record in New York, you will probably find the cheapest full-coverage car insurance with Erie, which averages $1,678 a year in such cases.
Progressive is the next most affordable for those with an accident, at an average of $1,771 a year.
Cheapest car insurance companies after an accident
| Company | Average annual rate |
|---|---|
| Erie | $1,678 |
| Progressive | $1,771 |
| State Farm | $2,133 |
| Allstate | $3,897 |
| Geico | $3,986 |
| Travelers | $4,006 |
| USAA* | $1,422 |
Best rates after a DUI in New York: Progressive
If you are convicted in New York of driving under the influence (DUI) — also known as driving while intoxicated (DWI) — you can probably find your cheapest quote for car insurance with Progressive, with an average rate of $1,175.
Erie is your next cheapest choice for motorists with a DUI, at $2,796 annually.
Cheapest car insurance companies after a DUI
| Company | Average annual rate |
|---|---|
| Progressive | $1,175 |
| Erie | $2,796 |
| Travelers | $3,929 |
| Allstate | $4,001 |
| State Farm | $6,198 |
| Geico | $7,174 |
| USAA* | $2,028 |
A DUI/DWI stays on your record in New York for up to 15 years, during which time you’ll see higher car insurance rates.
If your driver’s license is suspended due to a DUI, you’ll have to file an SR-22 to get it reinstated. An SR-22 is proof that you carry New York’s minimum car insurance limits. New York state law requires you to carry the SR-22 for three years.
Best New York rates for bad credit: Geico
For New York drivers with a poor credit rating, Geico usually has the lowest car insurance rates, with an average of $3,139 a year. State Farm is next-cheapest, at $3,882 a year.
Best car insurance companies for drivers with bad credit
| Company | Average annual rate |
|---|---|
| Geico | $3,139 |
| State Farm | $3,882 |
| Erie | $4,202 |
| Allstate | $4,791 |
| Travelers | $6,341 |
| Progressive | $10,146 |
| USAA* | $2,627 |
Auto insurance companies see a link between credit scores and the chances of filing a claim. As a result, New York drivers with poor credit tend to pay higher car insurance rates.
Best car insurance companies in New York
Erie, Progressive and USAA are some of the best car insurance companies in New York. They offer great customer service, good discounts and cheap rates. State Farm also has a great customer satisfaction rating, but has higher average rates than competitors.
| Company | LendingTree Score | J.D. Power customer satisfaction |
|---|---|---|
| State Farm | 4.5 | 842 |
| Travelers | 4.4 | 829 |
| USAA* | 4.1 | 881 |
| Progressive | 3.8 | 819 |
| Geico | 3.7 | 835 |
| Allstate | 3.2 | 824 |
| Erie | Not rated | 871 |
Erie
- Low full-coverage average rate of $1,678 a year
- 17% lower than state average
Pros
Cheap car insurance rates
Great customer satisfaction rating from J.D. Power
Can lock in your rate
Cons
Doesn’t offer many discounts that are easy to qualify for
Erie offers low rates and excellent customer service in New York. Erie also offers a feature that will lock in your car insurance rate, which helps protect you for price increases.
Erie rates average $140 a month for a full-coverage policy and $72 a month for a liability-only coverage policy.
Along with affordable rates, Erie has an excellent customer satisfaction score from J.D. Power. J.D. Power looks into the billing process, policy information, claims process, customer interactions, policy offerings and price of insurance companies.
On the other end, although Erie offers several discounts, it doesn’t offer as many discounts that are easy to get.
Progressive
- Low full-coverage average rate of $1,124 a year
- 45% lower than state average
- Low NAIC complaint rating: 0.56
Pros
Cheapest average rates in New York
A variety of discounts
Unique optional coverages
Cons
Customer satisfaction ratings from J.D. Power are below average
Progressive is the cheapest car insurance company in New York. Drivers in New York pay $94 a month for a full-coverage policy, on average, and $52 a month for a liability-only car insurance policy with Progressive.
Progressive also offers a custom parts and equipment value coverage, which covers custom parts and equipment that you add to your vehicle, up to a limit. Not all insurance companies offer this coverage.
Progressive earned a low complaint rating of 0.56 from the National Association of Insurance Commissioners, which means it receives fewer complaints than expected for a company of its size. However, it received below-average customer satisfaction ratings from J.D. Power.
USAA
- Low full-coverage average rate of $1,422 a year
- 30% lower than state average
- AM Best’s financial strength rating: A++
Pros
Second-cheapest rates in the state
Excellent customer service
Cons
Only available to military members, veterans and their families
Doesn’t offer unique coverages
USAA has affordable rates in New York and provides superior customer service. USAA rates average $119 a month for a full-coverage policy and $57 a month for liability car insurance.
On the other end, USAA offers only a few optional coverages. For instance, USAA doesn’t offer gap coverage, which many competitors do offer. USAA is also only available to those with a military background and their families.
New York insurance rates by city
Of the 25 biggest cities in New York, Albany has the cheapest car insurance rates at $1,582 a year. Hempstead has the most expensive average rates, at $4,004 a year.
Those living in New York City can expect an annual rate of $3,718 on average.
Car insurance rates by city in New York
| City | Average annual rate |
|---|---|
| Albany | $1,582 |
| Binghamton | $1,465 |
| Buffalo | $2,077 |
| Freeport | $3,542 |
| Hempstead | $4,004 |
| Ithaca | $1,514 |
| Kiryas Joel | $2,272 |
| Long Beach | $3,448 |
| Middletown | $2,288 |
| Mount Vernon | $3,149 |
| New Rochelle | $2,378 |
| New York | $3,718 |
| Niagara Falls | $1,779 |
| North Tonawanda | $1,714 |
| Poughkeepsie | $1,998 |
| Rochester | $1,505 |
| Rome | $1,554 |
| Schenectady | $1,558 |
| Spring Valley | $2,544 |
| Syracuse | $1,597 |
| Troy | $1,539 |
| Utica | $1,609 |
| Valley Stream | $3,567 |
| White Plains | $2,308 |
| Yonkers | $2,728 |
New York car insurance laws
New York is a “no-fault” car insurance state. This means you file an accident claim with your own car insurance company to cover damages, regardless of who was responsible for it.
In order to offset costs, states with no-fault car insurance laws often require drivers to carry uninsured/underinsured motorist coverage, as well as personal injury protection.
Minimum coverage for car insurance in New York
New York’s required liability car insurance coverage limits are:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury resulting in death coverage per person
- $50,000 bodily injury coverage per accident
- $100,000 bodily injury resulting in death coverage per accident
- $50,000 property damage coverage
- $25,000 uninsured/underinsured motorist bodily injury coverage per person/$50,000 per accident
Methodology
LendingTree uses insurance rate data from Quadrant Information Services using publicly sourced insurance company filings. Rates are based on an analysis of hundreds of thousands of car insurance quotes for a typical driver. Prices are shown for comparative purposes only. Your own rates may be different.
Unless noted otherwise, quotes are for a full-coverage policy for a 30-year-old man with good credit and a clean driving record who drives a 2015 Honda Civic EX.
Minimum-liability policies provide liability coverage with the state’s required minimum limits.
Full-coverage policies include collision, comprehensive and liability coverage:
- Bodily injury liability: $50,000 per person, $100,000 per accident
- Property damage liability: $25,000
- Uninsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Personal injury protection: $50,000
- Collision: $500 deductible
- Comprehensive: $500 deductible
*USAA is only available to current and former members of the military and their families.
Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third party customer service ratings, and app / website experience. We weighted these categories based on what customers value in an insurance company.
For 3rd party customer service ratings, we included NAIC’s Complaint Index scores and financial strength ratings from A.M. Best. NAIC Complaint Index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from A.M. Best reflect the ability to pay out claims.
Overall satisfaction ratings are from the J.D. Power 2023 U.S. Auto Insurance Study. Complaint ratings are based on NAIC data from 2023.