Who offers the best car insurance in NY?

The best car insurance in New York is State Farm, Travelers, and GEICO. However, the best auto insurance for military veterans in New York is USAA. On average, Progressive is the cheapest insurance company for NY drivers. Progressive car insurance is about $68 less expensive than the New York average. But your rates could vary. Shop around and compare multiple companies to get the best auto insurance in NY.

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Tonya Sisler has a Bachelor’s Degree from the University of South Carolina in Journalism and has worked for 15+ years in management. She has also completed a proofreading certification and is currently a professional writer.

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Brad Larson has been in the insurance industry for more than a dozen years. He started out as a claims adjuster for a national carrier. He has since switched to the agency side of the business. Brad is licensed in all P&C lines.

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Reviewed by Brad Larsen
Licensed Auto Insurance Agent Brad Larsen

UPDATED: Feb 21, 2022

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Things to Know

  • Use financial strength ratings to determine which car insurance is best in New York
  • New York’s average monthly car insurance rate is $124/month
  • The best car insurance company meets your policy and budget needs

Are you looking for the best auto insurance in New York? Affordable New York car insurance is good for your budget, but it doesn’t mean that it’s the best.

So, how do you find the best car insurance companies in New York? And which New York auto insurance companies have the cheapest rates? Don’t worry, we’re here to help. Our guide shows the top New York insurance companies and ways you can save money on auto insurance rates.

Read on to learn all about the best car insurance in New York. If you’re ready to compare quotes from multiple insurance companies in your area, enter your ZIP code in the free online quote tool above.

Who offers the best car insurance in NY?

According to the Insurance Information Institute, State Farm has the highest market share in the auto insurance industry. But market share alone doesn’t determine whether a company is the best overall.

Therefore, we encourage all New York shoppers to look at A.M. Best and J.D. Power ratings. A.M. Best explains the financial strength of an insurance company. Meanwhile, J.D. Power shows the overall customer satisfaction in a composite score.

Let’s examine the latest ratings of New York’s best auto insurance companies.

New York Car Insurance Ratings by Company
CompaniesA.M. BestJ.D. Power Ratings
State FarmA++859 / 1,000
TravelersA++844 / 1,000
MetLifeA++835 / 1,000
GEICOA++827 / 1,000
ProgressiveA+813 / 1,000
AllstateA+814 / 1,000
New York Central MutualA827 / 1,000
Liberty MutualA825 / 1,000
*Regional AverageA+830 / 1,000
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A.M. Best uses letter grades to rate insurance companies, and it uses plus (+) and minus (-) symbols to show a company’s performance degree.

For example, State Farm has an A++, indicating that State Farm has a superior ability to pay out filed claims and satisfy obligations to customers.

But Travelers, MetLife, and GEICO follow State Farm’s lead under J.D. Power ratings. However, State Farm, Travelers, and MetLife are the only New York car insurance companies with above-average scores at J.D. Power.

What are the minimum car insurance limits in NY?

As you shop for auto insurance in New York, be aware of the minimum auto insurance requirements. But don’t worry – here’s a reminder of New York’s minimum coverage limits:

  • $10,000 for property damage per accident
  • $25,000 for bodily injury of one person per accident
  • $50,000 for the death of a person per accident
  • $50,000 for bodily injury of multiple people per accident
  • $100,000 for the death of multiple people per accident

New York’s limits are unique because it includes coverage for fatal accidents of drivers, passengers, and pedestrians who aren’t at fault. However, auto insurance companies in New York may recommend higher limits to prevent running out of coverage.

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What’s the most affordable car insurance company in New York?

The National Association of Insurance Commissioners (NAIC) reported that New York’s average monthly rate is $124. However, auto insurance rates vary for each company.

Let’s look at some sample estimates to see which company is the cheapest in New York.

New York's Average Monthly Car Insurance Rates by Company
CompaniesAverage Monthly Rates
Progressive$56
GEICO$118
Allstate$122
Statewide Average$124
State Farm$152
New York Central Mutual$227
American Family$344
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Progressive car insurance has the cheapest rates despite State Farm’s number one spot in the auto insurance industry. GEICO and Allstate are also a few dollars more affordable than State Farm.

State Farm, New York Central Mutual, and American Family are the only companies in New York where you could spend more than average on car insurance.

What’s the cheapest New York car insurance company for veterans?

USAA is the most affordable auto insurance company for U.S. veterans and their immediate families (such as a spouse and children). The average cost of USAA car insurance is $103 a month.

In its latest report, J.D. Power ranks USAA as one of the best companies for customer satisfaction, and A.M. Best gave USAA an A++.

Will age affect car insurance rates in New York?

Yes, it will. Auto insurance companies use age to determine auto insurance costs. Before we explain any further, let’s look at New York insurance rates based on age.

New York Car Insurance Rates by Age Group
Age GroupAverage Monthly Rates
Teen Drivers in New York$743
New York Drivers in their 20s$324
New York Drivers in their 30s$249
New York Drivers in their 40s$247
New York Drivers in their 50s$236
New York Drivers in their 60s$240
New York Drivers in their 70s$271
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Car insurance rates are expensive for younger drivers because they’re less experienced and take more risks while driving. Insurance companies correlate more risks with higher chances of filing car insurance claims.

How do you save money at the best car insurance companies in NY?

The most effective way to save on auto insurance in New York is by qualifying for discounts. Your car insurance quotes should reveal what discounts you’re eligible for, but don’t hesitate to ask about additional deals.

Here are some auto insurance discounts you may see during your quote:

  • Defensive Driver Discount
  • Good Credit Discount
  • Anti-theft Features Discount
  • Safety Features Discount

Some of the best companies have usage-based insurance programs that give you additional savings for maintaining good driving habits.

Progressive, GEICO, State Farm, and Allstate provide these programs to maximize savings up to 20%. Stack your car insurance deals and save hundreds of dollars per year.

Best Car Insurance in NY: The Bottom Line

The NAIC says that New York’s average auto insurance is $124 per month, but some companies in New York have average rates much more expensive than average. You can get cheaper rates through discounts.

You can always get the minimum coverage requirements to secure the cheapest rates. And you can even buy liability-only coverage and spend more than 50% less.

If you want to find the best car insurance in New York, use our free comparison tool below to see quotes from the best insurance companies near you.

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Frequently Asked Questions: Best Car Insurance in NY

Do you want to know more about the best insurance in New York? Read these answers to frequently asked questions to learn more about auto insurance in New York.

#1 — Is GEICO the cheapest car insurance company in New York?

No, it isn’t. Progressive is the most affordable company in New York, but your rates may vary.

#2 — Which city in New York has the cheapest car insurance rates?

The most affordable city in New York is Corning, NY.

#3 — Does credit score affect car insurance quotes?

Yes, it can. Credit score correlates to the risk of filing claims. Good credit means you’ll have fewer chances of filing claims, and bad credit produces the opposite.

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