What's the Average Cost of Car Insurance in New York?
New York State has premiums that are relatively equivalent to the national average, as they are within $32 of one another. Let's take a look at how auto insurance costs in New York compare to rates nationwide.
CAR INSURANCE RATES: NEW YORK VS. US/STATE AVERAGES
|City Average||State Average||National Average|
New York Car Insurance With Accidents or Violations
By knowing which driving mishaps can make your insurance rates spike, you can make better decisions and save money. Drivers with a DUI in New York have rates nearly double the average for the city of $2,814. Reckless driving will also bump your premiums up, with average rates of $4,502, which are 60% higher than the city average! Compared to at-fault accidents with damages less than $1,000, accidents with damages exceeding $2,000 cost you an additional $916 per year in premiums.
AVERAGE NEW YORK INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|At-fault Accident (damages less than $1,000)||$2,929|
|At-fault Accident (damages greater than $2,000)||$3,846|
|Speeding Ticket (16-20 mph over speed limit)||$3,252|
New York Car Insurance by Credit Rating
Improving your credit tier from Very Poor credit (300-579) to Exceptional credit (800-850) can save you an average of 61% each year on car insurance. In terms of percent change, the most significant benefit of better credit comes from boosting from Very Poor (300-579) to Fair (580-669), by which drivers can save nearly 44% per year.
NEW YORK AUTO INSURANCE COSTS BY CREDIT TIER
|Credit Quality||Average Auto Insurance Rate|
New York Auto Insurance Rates by Age
Car insurance premiums are highest for teenage drivers, with payments that average $9,287 per year. Drivers in their 70s save money on insurance payments, as they have the smallest rates among all age groups, paying only $2,386 annually. The biggest fall in premiums for New York drivers happens when they hit their 20s. Once out of the teenage age bracket, drivers save, on average, $6,901. Insurance rates continue to trend downward up until drivers turn 60.
NEW YORK CAR INSURANCE PRICES BY DRIVER AGE
New York Car Insurance by Gender and Marital Status
Auto insurance premiums in New York are influenced by driver traits such as gender and marital status. For those who are widowed or divorced, rates are slightly cheaper than rates for those who are single. Being single, as opposed to married, can cost you an average of 3% more per year on car insurance. $96 is the amount by which men's and women's car insurance premiums vary.
NEW YORK CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
What drives up car insurance rates in New York?
Where you live in New York affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately New York is no exception to the rule. From zip code 10004 to 11212, premiums rise by 94 percent—that’s $2041.
Expensive New York Zip Codes: 11208, 11203, 11236, 11233, 11212
Cheap New York Zip Codes: 10004, 10280, 10001, 10003, 10007
New York Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In New York, you can expect 122 rainy days with an annual rainfall of 49.9 inches. New York is also known to experience severe winter storms. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Be Prepared For
Driving in NYC
Major HighwaysI-87 I-78 I-95
Toll RoadsRobert F. Kennedy Bridge Gov. Thomas E. Dewey Thruway Marine Parkway - Gill Hodges Memorial Bridge
Find Local New York Agents
The Magrino Agency
9729 4th Ave Ste A Brooklyn, NY 11209
Argyle Insurance Agency, LLC
71 West 47th Street, Suite#1002 New York, NY 10036
Kenneth Bieber Inc
370 Lexington Ave New York, NY 10017
Not sure about New York
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