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Cheap New York Car Insurance

The cost and performance of the vehicle to be insured is one of the main factors when shopping around for cheap New York car insurance. Vehicles with average performance, good crash test ratings, or low incidents of liability claims will cost substantially less to insure than high performance models.

The next tables estimates car insurance premiums for a handful of the more affordable vehicles to insure.

Insurance Rates for Popular Cars in New York
Make, Model, and Trim LevelAnnual CostSemi-Annual CostMonthly Cost
Ford Focus SES 2-Dr Coupe$832$416$69
Honda Accord LX-S 2-Dr Coupe$832$416$69
Hyundai Elantra Blue 4-Dr Sedan$766$383$64
Hyundai Sonata Limited 4-Dr Sedan$846$423$71
Kia Optima SX$846$423$71
Nissan Altima 3.5 SR 4-Dr Sedan$794$397$66
Toyota Corolla XLE$780$390$65
Volkswagen Jetta S 4-Dr Sedan$740$370$62
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in specific garaging location which can change premium rates considerably.

Auto Insurance Rates for Popular SUVs and Crossovers in New York
Make, Model, and Trim LevelAnnual CostSemi-Annual CostMonthly Cost
Acura RDX AWD$678$339$57
BMW X5 4.8I AWD$860$430$72
Buick Enclave CX AWD$794$397$66
Chevrolet Traverse LTZ AWD$692$346$58
Ford Escape XLS 2WD$624$312$52
Ford Expedition King Ranch 4WD$746$373$62
Ford Explorer XLT 4WD$700$350$58
GMC Acadia SLT 2WD$740$370$62
GMC Terrain SLE AWD$678$339$57
Honda CR-V LX 2WD$624$312$52
Honda Pilot LX 2WD$700$350$58
Jeep Grand Cherokee Limited 2WD$794$397$66
Kia Sportage LX 2WD 4-Dr$686$343$57
Toyota Highlander 2WD$700$350$58
Toyota RAV4 Limited 2WD$740$370$62
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in specific garaging location which can lower or raise coverage prices noticeably.

Car Insurance Rates for Popular Pickup Trucks in New York
Make, Model, and Trim LevelAnnual CostSemi-Annual CostMonthly Cost
Chevrolet Silverado 3500HD LT Crew Cab 4WD$946$473$79
Chevrolet Silverado LS Extended Cab 2WD$792$396$66
Dodge Ram 3500 Crew Cab ST 2WD$822$411$69
Dodge Ram Crew Cab TRX 4WD$860$430$72
Ford F-150 Lariat Crew Cab Platinum 2WD$794$397$66
Ford F-350 XLT Crew Cab King Ranch Turbo Diesel 2WD$860$430$72
GMC Sierra 2500HD SLT Extended Cab 2WD$884$442$74
GMC Sierra SLT Extended Cab 4WD$794$397$66
Toyota Tacoma 2WD$726$363$61
Toyota Tundra Limited Crew MAX 2WD$846$423$71
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate information does not factor in your specific New York location which can revise coverage rates significantly.

One of the many factors that determine car insurance rates is where you live in New York. Cities with larger populations like New York, Hempstead, and Mount Vernon tend to have higher auto insurance costs, whereas more rural areas have the luxury of lower rates.

The next table ranks the highest-priced places in New York to buy an auto insurance policy in.

How much does car insurance cost in New York?
RankCityPremium Per Year
1New York$2,627
2Freeport$2,303
3Hempstead$2,211
4Levittown$2,001
5Mount Vernon$1,997
6West Babylon$1,932
7Yonkers$1,920
8Brentwood$1,910
9Hicksville$1,900
10Coram$1,732
11New Rochelle$1,659
12White Plains$1,612
13Buffalo$1,488
14Cheektowaga$1,253
15West Seneca$1,225
16Niagara Falls$1,225
17Tonawanda$1,213
18Utica$1,136
19Syracuse$1,119
20Troy$1,095
21Albany$1,036
22Rochester$1,025
23Schenectady$1,020
24Irondequoit$1,001
25Binghamton$950
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Rate information is comparative as zip code location can raise or lower coverage rates significantly.

Picking a high-quality auto insurance provider can be difficult considering how many choices there are in New York. The company rank data in the lists below can help you select which car insurance providers you want to consider when insurance shopping in New York. The rankings below only include large, nationwide insurance companies, so companies that have a smaller presence are not included in this list.

Top 10 Large Auto Insurance Providers in New York Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. The General
  9. The Hartford
  10. 21st Century

Top 10 Large Auto Insurance Providers in New York Ranked by Customer Satisfaction

  1. The Hartford – 93%
  2. The General – 91%
  3. Progressive – 90%
  4. 21st Century – 89%
  5. Erie Insurance – 88%
  6. USAA – 87%
  7. State Farm – 87%
  8. Travelers – 87%
  9. Mercury Insurance – 87%
  10. Safeco Insurance – 86%

Liability rates compared to full coverage

Finding cheap New York car insurance should be important to most drivers, and one of the easiest ways to reduce the cost of insurance is to not buy full coverage. The illustration below shows the comparison of insurance costs with full coverage and liability only. The costs are based on no claims or driving violations, $250 deductibles, marital status is single, and no policy discounts are applied.

As an average, comp and collision coverage costs an extra $1,863 per year more than just buying liability only. That raises the question when is it a good idea to stop buying full coverage. There is no exact formula for phasing out full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s replacement value is $6,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,500 after paying the physical damage deductible. If you are paying more than $550 annually for full coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

The illustration below shows how choosing a deductible can increase or decrease annual premium costs when trying to find cheap insurance in New York. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

As shown above, a 30-year-old driver could cut expenses by $276 a year by increasing from a $100 deductible up to a $500 deductible, or save $414 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could reduce their rates up to $838 annually just by choosing higher deductibles. When raising deductibles, it is important to have spare funds to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

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