The Inside Scoop

A hot dog vendor in New York City spends about $289,000 a year for a permit while New York drivers only spend about $1,200 a year on car insurance. That’s not the only fact we’ve discovered for you. If you have questions about car insurance in New York, this guide is packed full of information just for you.

New York Auto Insurance Requirements

You need four different types of auto coverage in New York: liability insurance, property damage coverage, uninsured motorist coverage, and personal injury protections (PIP). To abide by state law, minimums have to be:

  • $25,000 for bodily injury liability and uninsured motorist coverage, per person per accident
  • $50,000 for death for one person per accident
  • $50,000 for bodily injury liability and uninsured motorist coverage, per accident
  • $100,000 for death of two or more, per accident
  • $10,000 for property damage liability per accident
  • $50,000 for personal injury protection

More Coverage You Can Buy
New York already makes you buy a good amount of coverage. That doesn’t mean you have to stop there though. Consider adding on the following types of insurance to protect yourself from even more—except King Kong terrorizing the city and crushing your car in the process.

Comprehensive Coverage– If someone vandalizes your car, a storm damages it, or a number of other bad things befall it, you’ll be covered by this.

Collision Coverage- This is for accidents. If your car hits something or something hits you, this insurance can pay for it.

Towing and labor coverage- If you need a tow after an accident, this coverage can help pay for it.

Rental car coverage- After an accident, your car might be out of commission. Get this coverage so it’ll pay for a rental.

What New Yorkers Pay For Car Insurance

New York is a no-fault state. This means all drivers are required to have insurance no matter who is at-fault in an accident. According to our research, the following insurance companies provide the cheapest rates on average:

 Average Annual Rates
New York Central Mutual Fire$1,004.97
GEICO$1,230.95
Allstate$1,304.00
Travelers$1,359.13
Chubb$1,609.20

See how all of the top insurance companies compare in New York.

Why Auto Coverage Costs What It Does

If only we could see into the future. Since we can’t, insurance companies use information about you to predict what kind of driver you’ll be. The riskier you seem, the higher your premiums will be. The less risky, the lower your rates. Your risk factor is based on a number of variables, including:

  • Age
  • Gender
  • Location
  • Type of car you own
  • Driving/claims record
  • Credit History
  • Types of anti-theft devices installed on vehicle

How To Save On New York Auto Insurance

City drivers and upstate dwellers alike can enjoy some money off their premiums if you qualify for discounts. See if these popular discounts apply to you:

  • Good Driver Discount
  • Good Student Discount
  • Safety Discount
  • Multi-Car Discount
  • Multi-Policy Discount
  • Homeowners Discount
  • New Car Discount

Most Stolen Cars in New York*

Car thieves have good taste in New York. Here are the cars they like to steal most often—leaving you with slightly auto premiums if you drive one:

  • Honda Civic
  • Honda Accord
  • Dodge Caravan
  • Toyota Camry
  • Nissan Maxima
  • Nissan Altima
  • Ford Econoline E350
  • Jeep Cherokee/Grand Cherokee
  • Toyota Corolla
  • Ford Econoline E250

*According to www.nicb.org

Get Additional Help

Ready to start comparing quotes? Still have questions about what you actually need? Call  855-462-2213 to speak with a licensed agent who can help clarify any additional questions you may have.

More Resources for New York Drivers