Summary List Placement
New York is the fifth-most expensive state in the US for car insurance.
Within New York, State Farm is the highest-ranked company for customer satisfaction.
By shopping around, you can find the best deal for your own cheap auto insurance.
Check out our partner Savvy — a free tool that lets you compare car insurance quotes in minutes »
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When you’re shopping for the best cheap car insurance in New York, there are a few factors you’ll want to consider. While the Insurance Information Institute estimates the typical New Yorker will spend $1,349 each year on car insurance premiums (the amount you pay yearly for insurance), there are ways to get better rates.
Car insurance companies consider your location, age, gender, and driving record to calculate rates. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.
By shopping around, you can price compare and see what company has the best cheap auto insurance quotes for you. There’s no “one size fits all” approach to car insurance — everyone’s information and life situation is different, meaning that every insurance company will assess their risk, and price their premiums, differently.
Here are the best cheap auto insurance companies in New York.
The most popular car insurance companies in New York based on market share
The following are the most popular car insurance companies in New York, based on the percentage of insured New York drivers who use them:
Company
Market share (%)
GEICO
32.34
Allstate
13.76
State Farm
12.09
Progressive
11.20
Liberty Mutual
5.74
Travelers
3.88
USAA*
3.07
NYCM Insurance
2.73
National General
2.03
Nationwide
1.89
MetLife
1.42
The Heartford
1.01
Farmers Insurance
0.96
Erie Insurance
0.87
Chubb
0.77
American Family Insurance
0.75
*USAA is only for active military, veterans, and their families.
Above data obtained from S&P Global Market Intelligence.
Best car insurance in New York based on customer satisfaction
Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top eight in New York, based on customer rankings:
State Farm
GEICO
New York Central Mutual
Region Average
Travelers
Allstate
Liberty Mutual
MetLife
Nationwide
Progressive
The best cheap car insurance in New York based on credit score
Consumer Reports compiled information on which companies generally provide the most affordable car insurance in each state, calculated based on each company’s pricing formulas for each state. There are four that generally came up as the best cheap car insurance companies in New York, although the top pick varies by credit score:
Excellent Credit (FICO 800+)
Good Credit (FICO 670-739)
Poor Credit (FICO 300-579)
USAA: $1,016 per year
GEICO: $1,016 per year
Progressive: $1,047
GEICO: $1,057 per year
USAA: $1,131 per year
Allstate: $1,340 per year
GEICO: $1,454 per year
Allstate: $1,489 per year
USAA: $2,541 per year
Best car insurance for clean driver record
For a driver in New York state age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:
Company
Average monthly car insurance premium
USAA*
$173
Allstate
$182
Nationwide
$190
GEICO
$191
State Farm
$193
Travelers
$203
Safeco
$216
Esurance
$216
Progressive
$227
Liberty Mutual
$263
Farmers
$278
MetLife
$470
*USAA is only for active military, veterans, and their families.
Above data obtained from …read more
Source:: Business Insider
