Best Cheap Car Insurance in New York for 2022 | Budget car insurance company in New York

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There are many things to love about New York State, but New York car insurance rates may not be one of them. According to data from our Cheapest Car Insurance study, the average cost of car insurance in New York is $1,924 a year. That's 46% more than the national average, which is $1,321 a year. Drivers in New York City can expect even higher rates.

Keep in mind that auto insurance rates vary from person to person, and the average rates in this study may not be indicative of your actual rates. Your rates may be higher or lower based on your age, driving record, credit history, zip code, and the type of vehicle you drive, among other things. Your rates will also vary based on the coverage options you choose, though all New York drivers must carry the minimum amount of state-required liability insurance.

COMPANY

AVERAGE ANNUAL RATE

Progressive

$666

USAA

$1,237

Geico

$1,417

Allstate

$1,465

State Farm

$1,829

Statewide Average

$1,924

NYCM Insurance

$2,727

American Family Insurance

$4,130

Even though data suggests New York auto insurance rates are higher than the national average, you may be able to find cheaper car insurance with several of the insurers included in our study. For drivers in the Empire State, Progressive may be the key to unlocking the lowest rates. The average cost of a Progressive auto insurance policy in New York is about $666 a year, which is 65% less than the state average. USAA ($1,237), Geico ($1,417), and Allstate ($1,465) place second, third, and fourth in our study, respectively. However, their average rates are still considerably higher than those offered by Progressive.

New York Rates for Teen Drivers

 

17-YEAR-OLD FEMALES

17-YEAR-OLD MALES

Allstate

$3,890

$4,173

American Family Insurance

$12,369

$14,808

Geico

$2,947

$4,908

NYCM Insurance

$6,266

$7,290

Progressive

$2,424

$2,717

State Farm

$4,928

$6,229

USAA

$4,959

$5,851

Statewide Average

$5,397

$6,568

Progressive's average rates are 55% to 59% less than the state average and the lowest in our study. American Family Insurance has the most expensive insurance for this group with rates that are more than double the state average for both male and female teens.


How Much Is High Coverage Car Insurance in New York?

 

AVERAGE ANNUAL RATE

Progressive

$726

USAA

$1,294

Geico

$1,527

Allstate

$1,568

State Farm

$1,922

Statewide Average

$1,998

NYCM Insurance

$2,822

American Family Insurance

$4,130

If you want high or full coverage in New York, Progressive rates are 64% less than the state average and the lowest in our study. American Family Insurance family again claims the last spot in our survey, with rates about 41% higher than the state average.

How Much Is Minimum Coverage Car Insurance in New York?

 

AVERAGE ANNUAL RATE

Progressive

$626

USAA

$1,203

Geico

$1,313

Allstate

$1,388

State Farm

$1,708

Statewide Average

$1,826

NYCM Insurance

$2,612

American Family Insurance

$3,934

On average, Progressive's rates for minimum car insurance in New York are the lowest in our study and $1,200 less than the state average. American Family Insurance rates are about $2,100 more than the state average, making them the highest in our study.

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