Average Car Insurance Cost in New York (2024)

Drivers in New York face the third-highest car insurance costs in the country, with an average monthly premium of $266 for full-coverage insurance. New York requires drivers to carry more insurance than most other states, and the state also deals with one in four personal injury protection claims involving a lawsuit, which can drive up the shared risk and car insurance costs.^[1]

If you know what factors cause your car insurance rates to vary, you can have a better idea of whether you’re paying too much for car insurance or getting a good deal. Here are the average car insurance costs in New York and what you can expect to pay depending on your age, gender, marital status, and more.

What’s the average cost of car insurance in New York?

The average monthly cost of car insurance is $266 for full-coverage policies and $207 for minimum coverage in New York. While many states require just personal liability and property damage insurance, New York also requires personal injury protection (PIP) and uninsured motorist coverage.^[2]

“New York requires more auto insurance than most other states,” says Michael DeLong, Consumer Federation of America research and advisory associate. “In certain places, auto insurance premiums can be very expensive, sometimes even over $3,000 or $4,000 annually.”

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Average New York car insurance rates by city

The city or even the ZIP code you live in can affect how much you pay for car insurance. That’s because insurance companies charge more if you live in an area where they’re likely to pay out higher claims, and more of them.

Some areas are simply riskier to live in. For example, you might be more likely to file a claim if you live in an urban area where auto theft and vandalism rates are high.^[3] This is the case with many of New York’s big cities, unfortunately, and it’s reflected in your cost of car insurance, even if you never file a claim.

Average New York car insurance rates by insurance company

Car insurance companies set their own rates, and these can be very different in New York state. It’s yet another reason why it’s important to shop around. If you purchased a policy from Bristol West, for example, you might pay four times more per year for insurance than if you shopped around and found that Travelers may be a cheaper option.

Keep in mind that these are averages across all people and situations in New York, and these averages may not hold up in your car insurance shopping experience. Sometimes, insurers offer better rates to different drivers, and that’s not always something you find out until you shop around.

Average New York car insurance rates by age

Car insurance rates change based on your age. Rates are generally higher for very young and very old drivers, with costs decreasing after drivers turn 25.^[3]

Young drivers are charged more because they have less experience behind the wheel. As drivers age and gain experience, rates decrease.

Here’s how much New York drivers can expect to pay, on average, depending on how old they are.

Average New York car insurance rates by gender

Men are often charged higher rates than women because they tend to get into more accidents. Women are less likely than men to be convicted of a DUI offense, for example.^[3]

The table below shows the average rates for car insurance in New York by gender.

Average New York car insurance rates by marital status

Married drivers in New York tend to pay less for car insurance than single drivers. Because married people may insure their cars under one policy, they may get a discount, contributing to lower rates. The following table illustrates liability rates from top carriers for both married and unmarried drivers in New York.

Average New York car insurance rates by driving record

Car insurance companies can look up your driving record, and this greatly affects how much you pay for car insurance. New York drivers with marks on their driving record pay far higher rates because they’re more likely to file a claim.^[3]

Some driving infractions are more severe than others. Here’s how much you can expect to pay in New York for liability insurance with different types of driving offenses compared to someone with a clean record.

Average New York car insurance rates by credit history

New York insurance companies often charge higher rates to people with lower credit scores on the assumption that they may be more likely to file a claim. This is a controversial factor in car insurance pricing policies, and some states have even outlawed it entirely.^[4] But New York residents aren’t quite so lucky, as the state allows insurance companies to use credit scores as a factor in determining premiums.^[5]

“Auto insurers use non-driving related factors, especially credit scores, to unfairly charge people higher premiums,” says DeLong. “People with poor credit can wind up paying 70%, 80%, even 100% or more for auto insurance even if they have a perfect driving record.”

The table below shows that, all else being equal, New York drivers with poor credit may pay twice as much on average as drivers with excellent credit.

New York minimum car insurance requirements

One of the reasons New York car insurance costs so much is because it requires drivers to purchase more minimum coverage than other states. Here are the types and amounts of coverage you need to legally drive in the Empire State:^[2]

• $25,000 per person for bodily injury liability

• $50,000 per accident for bodily injury liability

• $10,000 per accident for property damage liability

• $50,000 per accident for personal injury protection

• $50,000 per accident for uninsured motorist coverage

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