Are Auto Insurance Premiums Going Up in New York?

The Zebra
May 31, 2019

As anyone who drives a vehicle is probably aware, auto insurance rates tend to rise every year. But car insurance is complicated: reasoning for rate hikes and price cuts may vary, and trends may differ based on the driver's location.

A client's location is one of the rating factors insurance companies use to set rates. The state, city, and ZIP code in which a car is stored and driven help determine car insurance rates — a phenomenon that comes down to state laws and the risks associated with insuring cars in varying areas.

Because auto insurance pricing depends on a number of factors, yearly rate trends vary widely by state. Car insurance rates could be on their way up each year in one state while they fall in the next state over.

See below trending auto insurance prices in New York. If your policy isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's auto insurance comparison engine provides rates based on your specific profile — enter your ZIP below to get started.


Car insurance rate trends in New York


In New York, average yearly auto insurance premiums went up by $111 from 2017 to 2018. A normal driver in New York faces an average rate of $1,688 each year.

The general trend in New York leans toward more expensive auto insurance rates. Between 2015 and 2018, rates increased by an average of $217 per year. At the same time, insurance rates across the nation have risen in recent years, climbing from $1,280 in 2015 to $1,470 in 2018.


NEW YORK AUTO INSURANCE TRENDS
YearAvg. Annual Premium — New YorkYearly Change — New YorkAvg. Annual Premium — USYearly Change — US
2018$1,688$111$1,470$32
2017$1,577-$120$1,437$69
2016$1,697$226$1,368$88
2015$1,471$70$1,280$51
2014$1,401$48$1,229$34
2013$1,353-$271$1,195-$80
2012$1,624-$129$1,276$82

If your rates are rising faster than the average in your state, compare quotes and find a better deal.


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How are auto insurance rates trending in the most populous cities in New York?


Auto insurance rates depend on the driver's location, with an array of region-specific variables impacting how much you pay. That means drivers could see major differences in their insurance rates, based solely on their city or ZIP code. For instance, Yonkers drivers endured a larger yearly rate increase (1.4%) than did drivers in Buffalo (1.3%) between 2018 and 2017.

See below annual rate changes in major New York municipalities. If your city is on the expensive side — and moving isn't an option — consider shopping around for a more affordable rate.


CityAvg. Premium Increase — 2018 vs. 2017
Yonkers1.4%
Buffalo1.3%
Syracuse1.2%
Rochester1.1%
New York City1.0%

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