Car insurance in New York is notoriously expensive, with drivers paying an average of $3,697 for annual premiums in August 2024, according to Bankrate. This is almost 60% higher than the national average of $2,329. Despite the high costs, it is possible to find affordable car insurance in New York that doesn’t compromise on coverage or customer service.
CNBC Select has identified the best car insurance companies in New York based on factors such as price, coverage options, customer service, and more. These companies cater to different needs and demographics, ensuring that drivers across the state can find a policy that suits their budget and requirements.
### Best Cheap Car Insurance in New York
#### Progressive Auto Insurance
Progressive offers competitive rates for drivers with a less-than-perfect driving record. They provide various lines of insurance for bundling options and tools to help you manage your policy within your budget. Progressive also offers unique benefits such as accident forgiveness and vanishing deductibles.
#### Erie Auto Insurance
Erie is a great option for seniors in New York, offering affordable premiums and customizable coverage options. They have high customer satisfaction scores and unique benefits like coverage for personal items and pets injured in a collision.
#### New York Central Mutual Insurance
New York Central Mutual provides essential coverage required by New York state law, along with discounts that can significantly reduce premiums. They are highly rated for customer service and offer various add-ons like roadside assistance.
#### Geico Auto Insurance
Geico is known for its low average rates and a wide range of discounts. They are particularly beneficial for families with young drivers, offering discounts for students with good grades and multi-car households.
#### USAA Auto Insurance
USAA caters to military families, offering affordable rates and unique benefits like discounts for deployed service members. They have a track record of financial strength and superior customer satisfaction.
### How to Get Cheaper Car Insurance in New York
To lower your car insurance premiums in New York, consider taking advantage of discounts, paying your annual premium upfront, looking into pay-per-mile insurance, improving your credit score, and asking for a higher deductible. These strategies can help you save money on your car insurance while maintaining adequate coverage.
### Car Insurance Requirements in New York
New York state requires drivers to carry bodily injury and property damage liability insurance, uninsured motorist coverage, and personal injury protection (PIP). These requirements ensure that drivers have coverage for medical bills, lost wages, and other expenses in the event of an accident, regardless of fault.
### Conclusion
While car insurance in New York may be pricier than in other states, drivers have options to find affordable coverage that meets their needs. By comparing quotes, taking advantage of discounts, and understanding the state’s insurance requirements, drivers can secure the right policy at a reasonable price. Whether you’re a senior, a young driver, a military family, or have a less-than-perfect driving record, there are car insurance companies in New York that can provide the coverage you need at a price you can afford.