Car Insurance Cost Per Month in New York

On the 2022/2023 Auto Insurance Database Report (2023 data year), a policy in New York carrying liability, collision and comprehensive averaged $158 a month, and the liability portion alone $93. The average insured vehicle in the state cost $146 a month, whether or not it carried the physical damage coverages, which ranks New York #49 of 51 jurisdictions (1 = cheapest). These are averages across every driver, vehicle and limit in the state, not quotes, and the NAIC series runs about two years behind.

New York requires minimum liability coverage of 25/50/10. New York is a no-fault state requiring Personal Injury Protection (PIP) in addition to liability. Uninsured Motorist (UM) coverage is also required.

The top three carriers by market share in New York are GEICO, State Farm, Progressive, per NAIC market share filings. Market share does not equal cheapest price -- the best rate for your specific profile (age, vehicle, driving record, credit score in states where legal) requires comparing quotes. We recommend comparing at least 3 carriers. carinsurancecomparisontool.com offers a side-by-side carrier comparison.

Yes. New York is a no-fault state, requiring drivers to carry Personal Injury Protection (PIP) coverage. Under no-fault, each driver's own insurance pays their own medical bills after an accident, regardless of fault. New York's minimum PIP requirement is part of the 25/50/10 minimum package.

New York City density, high bodily-injury claim severity, mandatory no-fault PIP, and required UM place New York among the most expensive states. Upstate NY is significantly cheaper than NYC metro.

Yes, in most cases. New York allows insurers to use a credit-based insurance score (distinct from your FICO) to predict claim likelihood. A poor credit-based score can add 20-100% to your premium. Improving your credit over 12-24 months can generate meaningful savings at renewal.