What Is The Cheapest Auto Insurance In New York ?

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Are you looking for the best and cheap auto insurance in NY area? Before we bring that information to you, we need to inform you about New York auto insurance laws requirements for car owners to carry uninsured motorist bodily injury coverage (UMBI), liability insurance and personal injury protection (PIP).

Minimum Coverage of Auto Insurance in New York

The minimum coverage of the requirements limits are listed as 25/50/10 below :

  1. $25,000 UMBI per person
  2. $50,000 UMBI per accident
  3. $25,000 bodily injury liability per person
  4. $50,000 bodily injury liability per accident
  5. $10,000 property damage liability per accident
  6. $50,000 Personal Injury Protection (PIP)

Liability coverage  is legally required in New York and pays for injury and lost wages within an accident that you were considered “at-fault” which involved you, your passengers, another driver, and their passengers as well as the damage of their vehicles.

Personal Injury Protection provides coverage for medical costs for you and your passengers caused of an accident regardless of fault. PIP will cover medical costs such as hospital bills, rehabilitation costs, and also could cover work loss as a long impact of the accident.

You have known the minimum coverage above, but we suggest you buy more than the minimum to raise your protection. Any costs that go beyond your coverage limits would have to come out of your own fund. Even though you may get insurance coverage for a single vehicle, there are many factors which you will need to think about is receiving the last price. Make sure you realize different forms of automobile insurance policy coverage before you get it.

We have summarized from a database of cheap auto insurance in NY area, we make a list of them by category, starting from the lowest price below :

  1. CHEAPEST FOR GOOD DRIVERS
INSURANCE COMPANY PRICE ($ US)
GEICO 1.097/ year
Travelers 1.388/year
Allstate 1.890/year
  1. CHEAPEST FOR YOUNG DRIVERS
INSURANCE COMPANY PRICE ($ US)
GEICO 601/ year
NYCM 1.121/year
Travelers 1.156/year
  1. CHEAPEST FOR DRIVERS WITH ONE AT-FAULT CRASH
INSURANCE COMPANY PRICE ($ US)
GEICO 1.311/ year
Travelers 1.424/year
Allstate 1.890/year
  1. CHEAPEST FOR DRIVERS WITH POOR CREDIT
INSURANCE COMPANY PRICE ($ US)
GEICO 1.530/ year
Travelers 2.627/year
New York Central Mutual (NYCM) 2.749/year
  1. CHEAPEST FOR RETIRED DRIVERS
INSURANCE COMPANY PRICE ($ US)
GEICO 1.530/ year
Travelers 2.627/year
StateFarm 2.749/year

And the summarize of all above by category were listed below :

CATEGORY CHEAPEST OPTIONS
Good Drivers Travelers
Drivers with Poor Credit Geico
Drivers with One At-Fault Crash Travelers
Low Mileage Drivers Travelers
Minimum Required Coverage New York Central Mutual (NYCM)

Does the price of auto insurance in New York Cities have many differences from one another? How much does auto insurance in New York Cities? We have found that many expensive or cheap auto insurance in NY cities, and we have summarized the average of annual auto insurance costs in those cities. The cheapest is in Binghamton, and the most expensive is in New York as we have listed below from the cheapest to the most expensive :

Rank City Average Annual Costs
1 Binghamton $931
2 Irondequoit $1,011
3 Schenectady $1,041
4 Albany $1,046
5 Rochester $1,046
6 Troy $1,074
7 Syracuse $1,108
8 Utica $1,114
9 Tonawanda $1,189
10 Niagara Falls $1,213
11 West Seneca $1,213
12 Cheektowaga $1,228
13 Buffalo $1,518
14 New Rochelle $1,643
15 White Plains $1,645
16 Coram $1,749
17 Hicksville $1,881
18 Brentwood $1,891
19 West Babylon $1,894
20 Yonkers $1,939
21 Mount Vernon $1,958
22 Levittown $2,021
23 Hempstead $2,256
24 Freeport $2,258
25 New York $2,681

Now you have understood the general information about the cheap auto insurance in NY area, and we will happy if this article would help you to make a good deal in your convenience budget. Thanks for reading and stay be careful about driving.

Photo Credit :by Sleepi Alleyne from Pexels Free Royalti Image