Average Price Of Car Insurance New York State

What Is The Average Cost of Car Insurance in New York State?

New York is a state with a diverse population, so it stands to reason that the cost of car insurance in the state would differ based on the region and the driver’s individual circumstances. According to the Insurance Information Institute, the average expenditure for car insurance in New York State was $1,200 in 2019 for full coverage and $826 for liability-only coverage. This was slightly lower than the national average of $1,548 for full coverage and $589 for liability-only coverage.

What Factors Determine Car Insurance Rates in New York?

As is the case in many other states, the cost of car insurance in New York is based on a variety of factors. These include the driver’s age, driving record, the type of car, the amount of coverage, and the area in which the driver lives. The age of the driver is particularly important; in New York, drivers under the age of 21 tend to pay more for car insurance than their older counterparts.

What Types of Car Insurance Coverage Are Available in New York?

New York State requires that all drivers carry at least basic liability coverage. This coverage pays for damage caused to another person’s property in an accident. New York also requires that drivers carry personal injury protection, which pays for medical expenses related to injuries sustained in an accident. Other types of coverage that are available include comprehensive, collision, uninsured/underinsured motorist, and medical payments.

What Are The Cheapest Car Insurance Companies in New York?

The cheapest car insurance companies in New York vary based on the factors mentioned above. However, some companies are consistently cheaper than others. Geico, Allstate, and Liberty Mutual are among the most affordable companies in New York State. It is important to note that these companies may not be the most affordable for everyone; drivers should compare quotes from several different companies in order to find the best deal.

How To Get The Cheapest Car Insurance Rates in New York?

The best way to get the cheapest car insurance rates in New York is to shop around. Drivers should compare quotes from at least three different companies in order to compare prices. Additionally, drivers should consider raising the deductible on their policy, as this could lower the overall cost of their coverage. Finally, drivers should review their policy annually to make sure they are getting the best deal.

Conclusion

The average expenditure for car insurance in New York State was $1,200 for full coverage and $826 for liability-only coverage in 2019. The factors that influence car insurance rates in New York include the driver’s age, driving record, the type of car, the amount of coverage, and the area in which the driver lives. The cheapest car insurance companies in New York vary based on the factors mentioned above, but some companies are consistently cheaper than others. The best way to get the cheapest car insurance rates in New York is to shop around and compare quotes from at least three different companies.