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What is the average cost of car insurance in Albany?
The typical Albany driver pays $1,329 per year for car insurance. That's less expensive than the average rate in New York ($1,704) and less expensive than the national average of $1,548. Continue reading to see how much you can expect to pay for insurance based on your marital status, age, credit score and other factors in Albany.
CAR INSURANCE RATES: ALBANY VS. NEW YORK AND U.S. AVERAGES
|Albany Average (per year)||New York Average||National Average|
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Getting quotes from many different companies is the best way to find good coverage at a price that fits your budget. For a typical insurance customer, GEICO provides Albany's cheapest rates. See below the best companies for cheap auto insurance in Albany.
ALBANY CAR INSURANCE PREMIUMS BY COMPANY
|Company||Average Annual Rate|
The age bracket that pays the least for auto insurance in Albany consists of drivers in their 50s, who pay an average of $1,256. Drivers in their 60s pay marginally higher rates — $1,289 per year.
The Albany drivers who pay the highest insurance rates are teenagers. When drivers hit their 20s in Albany and move out of the teenage age bracket, they reduce their premiums substantially. The difference in rates paid by teenage drivers and drivers in their 20s in Albany is $2,118, the largest such difference between any two age groups.
ALBANY CAR INSURANCE PREMIUMS BY DRIVER AGE
|Age bracket||Average Yearly Rate|
Marital status and gender can play roles in how car insurance companies set rates, in some cases. Married drivers usually pay less for car insurance than their single counterparts. In Albany, married motorists pay $46 less than single drivers for auto insurance.
Gender is another factor that can influence auto insurance rates. In Albany, female drivers pay $43 per year more than do male drivers.
INSURANCE RATES IN ALBANY BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Annual Rate|
No matter where you live, avoiding accidents and violations is the best way to keep your auto insurance rates low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Albany drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $700 per year versus the city average. A ticket for speeding results in a $306 rate hike while a DWI or DUI violation costs $805per year in extra insurance expenditures.
ALBANY CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Citation||Average Annual Rate|
|At-fault Accident (damages less than $1,000)||$1,371|
|At-fault Accident (damages > $2,000)||$1,811|
|Speeding Ticket (16-20 mph over speed limit)||$1,635|
An important insurance rating factor in most states is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. In Albany, an improvement in credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) corresponds to a 58% drop in car insurance costs. Moving into the "Fair" credit tier from the "Very Poor" level is one of the most impactful steps a driver can take in pursuit of better car insurance rates. In Albany, improving your credit to "Fair" corresponds with a $752 decrease in annual car insurance rates.
ALBANY CAR INSURANCE PREMIUMS BY CREDIT SCORE
|Credit Tier||Average Annual Rate|
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.