Car Insurance Rates Ny

However better auto insurance coverage comes with a cost.

Car insurance rates ny. The graph below shows the change in average new york insurance rates from 2011 to 2015 the most recent year the data is available. If you re a new york driver you need. In new york a comprehensive insurance policy with a 1 000 deductible runs 1 428 66 more than liability only coverage. Compared to other states new york requires a lot of insurance.

Our average car insurance rates tool above lets you compare auto insurance rates by zip code. For a comprehensive policy with a 500 deductible you can expect to pay 85 more than you might for liability only coverage. According to the iii new york car insurance rates increased from 1 111 in 2011 to 1 234 in 2015 a jump of 123 or 11 12 percent. The average car insurance rate in new york is 172 a month or 2 062 a year for a driver age 30 for full coverage based on expert analysis by our team.

New york is home to big city traffic a no fault insurance system and a lot of car insurance fraud so it s no surprise that new york residents pay 20 percent more than the national average for car insurance the good news is that there is a way to save hundreds of dollars a year on your car insurance. This company s average rate of 984 per year is 26 less than the new york state mean of 1 323. How much is car insurance in new york. Your auto insurance rates are affected by factors aside from geography.

Bodily injury liability is the part of your insurance that pays for other people s medical bills and other losses if they get hurt in an accident you re responsible for 50 000 in bodily injury liability per person. If you are a young driver have a history of traffic accidents or have poor credit you can expect to pay even more for an auto. New york has one of the highest car insurance rates in the nation. You can also read our guide on how to estimate car insurance costs which includes taking into account the amount of coverage you need your age and your location among other factors.

Auto insurance premiums price based on an array of considerations such as a driver s marital status driving history credit rating gender and age. For liability limits of 50 100 50 new york drivers will pay 80 monthly 960 annually. The difference between the highest and lowest rate is what you can save if you shop around for coverage. The average car insurance premium in new york is 1 582 per year nearly 11 more than the national average.

25 000 in bodily injury liability per person and 50 000 per accident.