Updated April 2026 | Rank #48 of 51
Car Insurance Cost Per Month in New York 2026
Full coverage avg
$268/mo
Minimum coverage avg
$80/mo
State minimum reqs
25/50/10
No-fault / PIPUM required
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. Adjust age and vehicle below to see your estimated monthly cost.
New York
in New York with a Sedan
$268/month
Full coverage estimate (100/300/100 + collision + comp). +$60 above national avg
State Min$153/mo25/50/10
Standard$199/mo50/100/50
Full Coverage$268/mo100/300/100
Source: NerdWallet 2026, ValuePenguin 2026, Bankrate 2026
How we calculate thisAverage Monthly Cost by Age in New York 2026
| Age | Min Coverage | Full Coverage (Sedan) | Details |
|---|---|---|---|
| 16 | $521 | $911 | Age 16page → |
| 17 | $475 | $831 | Age 17page → |
| 18 | $413 | $724 | Age 18page → |
| 19 | $352 | $616 | Age 19page → |
| 25 | $153 | $268 | Age 25page → |
| 35 | $130 | $228 | Age 35page → |
| 45 | $133 | $233 | Age 45page → |
| 65 | $145 | $255 | Age 65page → |
Average Monthly Cost by Vehicle Type in New York
Top 3 Carriers in New York by Market Share (NAIC Q1 2026)
1
GEICO
By direct written premium
2
State Farm
By direct written premium
3
Progressive
By direct written premium
Market share data is from NAIC Q1 2026 public filings. Market share does not equal cheapest rate for your profile.
Nearby States by Cost Rank
New York Car Insurance FAQs
What is the average car insurance cost per month in New York?⌄
The average car insurance cost in New York is $268 per month for full coverage (100/300/100 plus collision and comprehensive) as of 2026, per cross-referenced data from NerdWallet, Bankrate, and ValuePenguin. Minimum-coverage-only policies average $80 per month. New York ranks #48 of 51 jurisdictions by cost (1 = cheapest, 51 = most expensive).
What is the minimum car insurance required in New York?⌄
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.
Who has the cheapest car insurance in New York?⌄
The top three carriers by market share in New York are GEICO, State Farm, Progressive, per NAIC Q1 2026 market 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.
Does New York have no-fault insurance?⌄
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.
Why is car insurance so expensive in New York?⌄
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.
Is my credit score used for car insurance in New York?⌄
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.