Best Car Insurance in New York for 2024 | Bankrate (2024)

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Best Car Insurance in New York for 2024 | Bankrate (1)Written by

Natalie Todoroff

Best Car Insurance in New York for 2024 | Bankrate (2)Edited by

Maggie Kempken

Best Car Insurance in New York for 2024 | Bankrate (3)Reviewed by

Mark Friedlander

Best Car Insurance in New York for 2024 | Bankrate (4)Edited by

Maggie Kempken

Best Car Insurance in New York for 2024 | Bankrate (5)Reviewed by

Mark Friedlander

Updated Jun 01, 2024

Bankrate’s proprietary analysis identified Geico, USAA, Progressive, State Farm and Allstate as the best car insurance providers in New York state.

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Best car insurance companies in New York

After reviewing average premium data from Quadrant Information Services, coverage options, discounts and more, Bankrate found that Geico, USAA, Progressive, State Farm and Allstate were among thebest car insurance companies in New York. Our analysis also factors in AM Best financial strength ratings and customer satisfaction scores from the 2023 J.D. Power U.S. Auto Insurance Study. Most of the carriers on our list have annual premiums below the New York annual average of $3,685 for full coverage and $1,589 for minimum coverage.

If you’re shopping for car insurance in New York, you may want to start with quotes from these carriers:

Insurance company

Bankrate score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C.

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C.

Average full coverage rateAverage min coverage rate

Geico

4.4

Rating: 4.4 stars out of 5

$3,517

$1,301

Progressive

4.4

Rating: 4.4 stars out of 5

$2,198

$1,259

State Farm

4.3

Rating: 4.3 stars out of 5

$3,769

$2,092

USAA

4.2

Rating: 4.2 stars out of 5

$4,084

$1,640

Allstate

3.9

Rating: 3.9 stars out of 5

$3,537

$1,774

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Jun 2024

Read our full methodology

Geico

Best Car Insurance in New York for 2024 | Bankrate (10)Best Car Insurance in New York for 2024 | Bankrate (11)

4.4

4.4

Rating: 4.4 stars out of 5

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength and customer experience, in addition to average quoted rates. A secondary assessment of each provider's online and mobile resources and policy management options also contributed to overall ratings.

Bankrate Score

Read Geico reviewGet a custom quote

Avg. full coverage premium

$293/mo

Avg. full coverage premium

$3,517/yr

Customer satisfaction

Not rated

  • Why Geico made our list: On top of low average New York car insurance premiums, Geico offers a long list of potential discounts for extra savings. You might save money if you are a federal employee, a member of the military, have certain safety features on your vehicle or have been accident-free for five years. Geico racked up superlatives in the 2024 Bankrate Awards, making it Bankrate’s pick as the top provider for a number of driver types. It tied for Best Auto Insurance Company overall and Best Budget Auto Insurance Company, and was the standalone winner for Best for Young Drivers. However, Geico might not be a good fit if you are looking for a highly-personalized policy, as the company’s list of additional coverage is short compared to many other national insurers.

    Who Geico may be good for:If you value discounts and ways to save on your car insurance, you may want to consider getting a quote from Geico. Geico could also be good if you are looking for a carrier with strong digital tools, as the company has a highly-functional mobile app and online customer portal.

  • Pros

    • Numerous discounts available
    • Superior AM Best financial strength rating
    • Robust digital tools

    Cons

    • Few local agents
    • Few endorsem*nts available
  • Robust digital tools

    Long list of potential discounts

    Nationwide availability

    DriveEasy telematics program

    Offers coverage to drive in Mexico

Progressive

Best Car Insurance in New York for 2024 | Bankrate (12)Best Car Insurance in New York for 2024 | Bankrate (13)

4.4

4.4

Rating: 4.4 stars out of 5

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength and customer experience, in addition to average quoted rates. A secondary assessment of each provider's online and mobile resources and policy management options also contributed to overall ratings.

Bankrate Score

Read Progressive reviewGet a custom quote

Avg. full coverage premium

$183/mo

Avg. full coverage premium

$2,198/yr

Customer satisfaction

Not rated

  • Why Progressive made our list: Progressive could be a good option if you’re looking for New York auto insurance on a budget. In addition to low average rates, you may be able to save more with discounts for online quoting, paperless policy documents and continuous coverage. Progressive also has a robust portfolio of digital tools, which might be appealing if you like to handle your insurance virtually. The company also took home the Best Auto Insurance Company for High-Risk Drivers in the 2024 Bankrate Awards. However, Progressive does have a slightly lower-than-average customer satisfaction rating with J.D. Power in the New York region, which may indicate that not all customers are satisfied with the service they receive.

  • Pros

    • Lower-than-average premiums
    • Numerous discounts available
    • Several endorsem*nts offered

    Cons

    • Below-average J.D. Power customer satisfaction score
    • Rates may vary between online and agency quotes
  • Progressive’s long list of discounts and low average rates may make it a good company for New Yorkers looking for cheap coverage. First-time auto insurance shoppers may also appreciate the carrier's Name Your Price tool, which allows you to input your budget and compare matching coverage options.

State Farm

Best Car Insurance in New York for 2024 | Bankrate (14)Best Car Insurance in New York for 2024 | Bankrate (15)

4.3

4.3

Rating: 4.3 stars out of 5

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength and customer experience, in addition to average quoted rates. A secondary assessment of each provider's online and mobile resources and policy management options also contributed to overall ratings.

Bankrate Score

Read State Farm reviewGet a custom quote

Avg. full coverage premium

$314/mo

Avg. full coverage premium

$3,769/yr

Customer satisfaction

Not rated

  • Why State Farm made our list:If you like consolidating your policies with one company, State Farm could be one of the best insurance companies in New York as it also offers home, renters and life coverage. The company also has a widespread agency network, so if you are looking for a local agent, State Farm may be worth considering.

  • Pros

    • Local agencies available
    • Above-average J.D. Power customer satisfaction score
    • Superior AM Best financial strength rating

    Cons

    • Average minimum coverage rate is higher than New York average
    • No gap coverage available
  • While the insurance industry is becoming increasingly digital, many drivers still prefer to handle their policies with a local agent. State Farm has a network of over 19,000 agents across the country, so chances are there is an agency near you.

USAA

Best Car Insurance in New York for 2024 | Bankrate (16)Best Car Insurance in New York for 2024 | Bankrate (17)

4.2

4.2

Rating: 4.2 stars out of 5

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength and customer experience, in addition to average quoted rates. A secondary assessment of each provider's online and mobile resources and policy management options also contributed to overall ratings.

Bankrate Score

Read USAA reviewGet a custom quote

Avg. full coverage premium

$340/mo

Avg. full coverage premium

$4,084/yr

Customer satisfaction

Not rated

  • Why USAA made our list:USAA consistently earns high scores for customer satisfaction from J.D. Power, although the company does technically not qualify for official ranking because it only sells insurance to current and former military members and qualifying family members. Although not all drivers will qualify for USAA, those who do might enjoy exceptional customer service as well as military-tailored coverage options and discounts, like potential savings of up to 60 percent if you store your vehicle while deployed.

  • Pros

    • Superior AM Best financial strength rating
    • High J.D. Power score
    • Policies are tailored to military community coverage needs

    Cons

    • Strict eligibility requirements
    • Only digital and phone options for service and claims
  • USAA might be a good option if you value exceptional customer satisfaction, due to the company’s consistently high scores from J.D. Power, or if you are looking for military-focused coverage options.

Allstate

Best Car Insurance in New York for 2024 | Bankrate (18)Best Car Insurance in New York for 2024 | Bankrate (19)

3.9

3.9

Rating: 3.9 stars out of 5

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength and customer experience, in addition to average quoted rates. A secondary assessment of each provider's online and mobile resources and policy management options also contributed to overall ratings.

Bankrate Score

Read Allstate reviewGet a custom quote

Avg. full coverage premium

$295/mo

Avg. full coverage premium

$3,537/yr

Customer satisfaction

Not rated

  • Why Allstate made our list:Allstate offers numerous optional coverage types to help you tailor your policy to your needs. You could add sound system insurance, rental reimbursem*nt coverage or roadside assistance to build a policy that works for you. However, Allstate does have higher-than-average rates in New York state. You might be able to lower your premium by taking advantage of the company’s discounts, including savings for new cars, smart students and safe drivers.

  • Pros

    • Numerous endorsem*nts available
    • Several discounts offered
    • Local agencies available

    Cons

    • Higher-than-average premiums
    • Average J.D. Power customer satisfaction score
  • If you have custom equipment on your car or are simply looking for a car insurance company in New York that offers plenty of ways to personalize your auto insurance, you could consider Allstate.

How Bankrate chose the best car insurance companies in New York

Finding affordable car insurance that meets your coverage needs can be more challenging in New York where average rates are high, but Bankrate's insurance editorial team has done some of the legwork for you. We started our review by analyzing average car insurance rates provided by Quadrant Information Services for the largest auto insurance companies in New York by market share. Then, we reviewed third-party scores from companies like J.D. Power and ratings from AM Best. Finally, we analyzed each company’s coverage offerings, discounts and digital tools.

We combined these metrics into a single Bankrate Score. The scores are on a scale from 0.0 to 5.0, with higher scores meaning that the company ranked better. Our proprietary scoring method is designed to aid in your comparison of providers and help you feel more confident when making insurance decisions.

Why you can trust Bankrate

Read our full methodology

To help New York drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

Compare auto insurance rates

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Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to find the best car insurance in New York

Insurance is a highly-individualized product, and finding the best company will depend on your personal needs. The following steps can point you in the right direction as you start evaluating quotes:

New

New York introduces additional minimum coverage requirements

A new state law went into effect in New York on August 1, 2023 requiring auto insurance companies to add supplemental spousal liability coverage to all policies, regardless of whether the policyholder is married or not. However, drivers can opt out of this coverage in writing.

If you saw your premium increase at renewal in New York, this new coverage requirement may be partially to blame. However, insurance rates in New York are typically higher than most of the rest of the country even without this law. As of 2024, Bankrate research found New York drivers pay, on average, 3,685 per year for full coverage, 59 percent more than the national average of 2,311 per year.

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Finding car insurance in New York after a DUIPreviously Read

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Penalties for driving without insurance in New YorkPreviously Read

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This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in New York?

The average cost of car insurance in New York is $3,685 annually for full coverage and $1,589 annually for minimum coverage. These averages are significantly higher than the national average prices of $2,311 per year for full coverage and $640 per year for minimum coverage. New York’s average rates also far outstrip the average rates of surrounding states.

For example, Pennsylvania drivers pay an annual average of $2,483 for full coverage and $526 for minimum coverage, and drivers in Vermont pay an average of $1,377 per year for full coverage and $298 per year for minimum coverage.

The high population density in New York may be partly to blame for these high premiums. More vehicles on the road mean a greater chance of getting into an accident. To compensate for higher risk, auto insurers often charge a higher premium. New York also has higher minimum coverage requirements than many other states, driving up the average cost of state-mandated insurance minimums.

CityAvg. annual full coverage premiumAvg. savings vs. state average

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Jun 2024

Read our full methodology

Estimate your car insurance cost in New York

Car insurance rates can be complicated, but Bankrate aims to simplify the process. With Bankrate’s calculator, you can get a rough estimate of your insurance costs by entering a couple basic pieces of information.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

An incident means you were at-fault for an accident, ticketed or summoned to court.

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These factors have the largest impact on your payment and are used to provide a personalized estimate. Based on the state you live in, some rating factors may not apply.

Why we're asking

We calculated your estimate by comparing your provided details to data from similar drivers. Our estimate assumes 2020 Toyota Camry, 12,000 miles annually, and 100/300/50 liability limits with $500 comprehensive and collision deductibles.

Methodology

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Advertising disclosure

This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure

This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze the latest rates in June 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

Best Car Insurance in New York for 2024 | Bankrate (25)

Written by

Natalie Todoroff

Writer, Insurance

    Read more from Natalie

    Natalie Todoroff is an insurance writer for Bankrate, prior to which she wrote for a popular insurance comparison shopping app. She has a Bachelor of Arts in English and has written over 800 articles about insurance throughout her career.

    Best Car Insurance in New York for 2024 | Bankrate (26)

    Edited by

    Maggie Kempken

    Senior Editor, Insurance

      Best Car Insurance in New York for 2024 | Bankrate (27)

      Reviewed by

      Mark Friedlander

      Director of corporate communications, Insurance Information Institute

      Best Car Insurance in New York for 2024 | Bankrate (2024)
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