Average Cost of Car Insurance in New York State in 2024

According to the National Association of Auto Insurance Commissioners, the average annual auto insurance premium in New York is $1,511. The average annual cost of auto insurance in the state of New York is 42 percent higher than the national average of $1,061.¹

By City

New York City is far and away the most expensive place in the state to insure a vehicle. The cost of auto insurance in New York City is more than triple the national average and more than double the average of the entire state.

By Age

In New York, as in most states, it costs more to insure teenagers than other age groups.

By Gender

In 43 states, including New York, it’s legal for insurance companies to charge more for insurance based on sex. Unlike most states, however, women pay more than men for auto insurance.

New York has some of the most expensive insurance rates in the country. See below the lowest New York auto insurance rates based on your demographic circumstances.

If you’re still struggling to pay your premium, follow our recommendations on how to save on car insurance in New York.

1. Purchase only the minimum coverage legally required in New York. Remember that the lower your limits are, the more you will have to pay out of pocket in the event of an accident.
2. Check for discounts. Search your insurance company’s website, or ask your insurance agent what discounts apply to your situation.
3. Increase your deductible. Increasing your deductible reduces your premium, but it means you will pay more out of pocket in the event of an accident before your auto insurance coverage kicks in.
4. Look into the New York Automobile Insurance Plan. New York has an affordable insurance plan called NYAIP. To apply, you must certify that you’ve tried and failed to find car insurance below NYAIP rates on the voluntary market within the past two months. You can apply online at https://www.nypass.com.

In New York, as in most states, you must purchase car insurance to register a vehicle. The minimum auto insurance in New York consists of:

• $10,000 property damage liability
• $25,000 bodily injury liability for one person or $50,000 for two or more people in an accident
• $50,000 for death of one person and $10,000 for two or more people in an accident

Your insurance must remain in effect while your vehicle is registered — even if you don’t use your car. It must also be New York state insurance coverage issued in your name and remain that way.²

New York is a no-fault state, which is one of the reasons why it’s so expensive to insure a car there. The point of no-fault insurance, or personal injury protection (PIP), is to distribute funds related to medical/health, lost earnings, and other reasonable expenses promptly after an accident, regardless of fault. PIP requires economic losses to exceed coverage to file a lawsuit. You can also sue for non-economic damages like pain and suffering in the event of a serious injury.³

You do not need an SR-22 in New York. If you have an SR-22 and move to New York, you must maintain that coverage. Your driving record will still impact your auto insurance rates, and you must ensure you have the minimum amount of coverage required in New York after you move.⁴

New York is the most expensive state in which to insure a vehicle. New York’s no-fault auto insurance laws and cost of living contribute heavily to its auto insurance rates. Luckily, New York has an affordable insurance plan if you have difficulty accessing more affordable insurance on the voluntary market.

We utilize proprietary data and research methods to gather information on auto insurance rates in your state. New York’s auto insurance laws, including minimum coverage requirements and fault laws, inform our recommendations for how much auto insurance you need and how you can save money when making purchase decisions. You should always obtain multiple quotes before you decide on an auto insurance provider.