Car Insurance with Bad Credit in New York

The Zebra
March 12, 2019

It can be tough to find cheap auto insurance with a poor credit rating. Auto insurance companies utilize credit score as a major rating factor, pricing policies based in part on clients' credit histories. Because auto insurance companies use data showing clients with bad credit are more likely to file auto insurance claims, the companies compensate for that added risk by assigning expensive rates.

Your car insurance costs with bad credit depends on which company you choose, where you live, and many other rating factors. See below average car insurance rates for drivers with bad credit in major New York cities and rates from large auto insurance companies, , along with tips to save on auto insurance if you have a bad credit score in New York.


Auto insurance for drivers with bad credit in New York:

  1. Average premiums
  2. Rates by city
  3. Rates by company

Auto insurance rates with bad credit in New York

New York drivers face a penalty of $2,380 per year for having a "worst"-tier credit score. Drivers in the "poor" or "below fair to poor" credit tiers will also face higher-than-average rates.


NEW YORK CAR INSURANCE RATES WITH BAD CREDIT

Credit TierAverage Annual Rate in New York
Worst$3,962
Poor$3,455
Below Fair to Poor$3,046
Average — All Credit Tiers$1,582

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Car insurance rates with a bad credit score in New York cities

Auto insurance costs also depend on the geographic area in which you drive. Car insurance companies use your ZIP code to estimate whether you're likely to file a claim: the more claim-prone your area,, the more expensive your rates.

Listed below are major New York cities and their mean car insurance costs for drivers with low credit scores.


BAD CREDIT CAR INSURANCE RATES IN NEW YORK CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
New York$7,176$6,215$5,476
Buffalo$4,383$3,833$3,382
Rochester$3,023$2,651$2,340
Yonkers$5,774$4,994$4,393
Syracuse$3,193$2,798$2,470

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Best auto insurance companies for bad credit in New York

Another contributing factor to your car insurance rate is the company you buy from. Every auto insurance company prices policies differently, giving rating factors varying weights in their pricing calculations. Credit can be a primary differentiator in price between insurance companies. In New York, the cheapest insurance company for a driver with a bad credit score is GEICO, which offers a premium cut of $1,041 per annum compared to the second-cheapest company, NYCM Insurance.

See premiums from leading auto insurance companies in New York for drivers with bad credit.


NEW YORK CAR INSURANCE PREMIUMS WITH BAD CREDIT — BY COMPANY

CompanyAverage Annual Rate — Worst Credit
GEICO$1,867
NYCM Insurance$2,907
Allstate$3,908
Liberty Mutual$4,594
State Farm$5,426

If you're having a hard time purchasing car insurance with a low credit score, consider these tips:

  1. See auto insurance quotes
  2. Know when to file a claim
  3. Know what determines car insurance rates