Car insurance in New York is some of the most expensive in the country.
Contents
Cheap Car Insurance in
In fact, it is the third most costly for minimum coverage in the USA, after Michigan and Connecticut.
Is auto insurance mandatory in New York?
Yes. In order to register a vehicle in New York City, you must have at least liability insurance coverage. If you do not follow the New York rules, the DMV can and will suspend your vehicle registration and your driver’s license.
Besides the fact that car insurance is required in New York, your insurance cards and your vehicle registration application must be under the same name.
What is the minimum coverage in New York City?
New York law requires that you have auto liability insurance coverage. The minimum amount of liability coverage in NYC is:
- $10,000 for property damage for a single accident.
- $25,000 for bodily injury and $50,000 for death for a person involved in an accident.
- $50,000 for bodily injury.
- $100,000 for death for two or more people in an accident.
How Much Is Car Insurance in Washington
The average car insurance in New York
The average car insurance rate in New York is $1,062 a year, or $88.5 per month for minimum coverage. Purchasing for full coverage can be a bit more expensive, with an average of $2,321 annually or $193.41 a month.
Keep in mind that New York has the third most expensive car insurance minimum, and it’s because it’s a very busy city, and in busy cities, the chances of an accident are much more.
Cheapest car insurance companies in New York
1.GEICO
The Government Employees Insurance Company, known as GEICO, is an American auto insurance company founded in 1936, and it’s been proven that GEICO’s average car insurance rate is THE cheapest overall in New York and has the most affordable state minimum policy.
GEICO is ranked second in the United States for customer and claims satisfaction. Also, A.M. Best has given GEICO an A++ for its excellent financial strength.
2.Erie
Erie Insurance is an American-based insurance provider headquartered in Erie, Pennsylvania. Erie insurance company offers home, auto, business, and life insurance through a network of independent insurance agents.
Erie is the cheapest choice for those with speeding tickets in their driving record.
Erie was rated A+ (Superior) by A.M. Best for its financial strength. Erie has more than 6 million policies in 12 states and the District of Columbia, including Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin.
3.Progressive
The Progressive Corporation is an American – based insurance company founded in 1937 and is headquartered in Mayfield Village, Ohio, USA. Progressive insurance is one of the best insurers out there, and its strengths are its auto and motorcycle insurance policies.
Although progressive don’t offer the cheapest insurance, its customer service and range of features and discounts make it on the best.
Progressive Exotic Car Insurance
4. USAA
United Services Automobile Association (USAA) is the best for military families. People who are a part of the USAA family are satisfied with the product they use, and USAA made it possible to offer the cheapest insurance rates for military families. This insurer was founded 100 years old, and their quote is:
“We offer benefits, products, and discounts for U.S. military members and their spouses, as well as children of USAA members. We are committed to providing our members with exceptional service.”
5.Travelers
Travelers insurance company is a stable and established insurance provider and sold its first policy in 1864, and it has been active ever since. Travelers are known as the best company for cost and service quality in New York.
Travelers are also a perfect fit for drivers who look for applicable discounts; it offers some of the best discounts and coverage options. Travelers provide a selection of coverage beyond the legal minimums.
However, its coverages aren’t available in every state, and Travelers insurance has mixed reviews.
