Average Cost of Car Insurance in @city @stateshort @zip
The average cost of auto insurance in @city is $1,542 annual while in the United States the average is $907.38 per Quadrant Information Services. These averages will vary and does not necessarily include all forms of coverage and everyone’s insurance needs vary.
Car Insurance Average Rates by your Age
Car insurance quotes will change greatly depending on your age. Young drivers auto insurance rates jump dramatically as they are known to be more dangerous while driving, so insurance companies charge more to cover their risks. The graphic below shows how much rates can swing based on age alone.
Average Annual Car Insurance Premiums by Age:
Car Insurance Average Rates for Males and Females
Auto insurance average rates are basically the same for men and women with the exception of young male drivers have drastically higher insurance rates than their female counter parts.
@City @state minimum Car Insurance Requirements
While Car Insurance Rates vary based on a number of factors, including your coverage. Each State has minimum requirements for car insurance. Below are NY States minimum auto insurance requirements;
- Liability coverage
- $25,000 for bodily injury to another person
- $50,000 for bodily injuries to two or more other persons in any one accident
- $50,000 for the death of another person
- $100,000 for the deaths of two or more other persons in any one accident
- $10,000 for injury to or destruction of property of others in any one accident
- Personal Injury Protection
- $50,000 for bodily injury to the driver and all passengers in any one accident
- Uninsured/Under-insured Motorist
- $25,000 for bodily injury to one person in your vehicle
- $50,000 for bodily injuries to two or more people in your vehicle in any one accident
Many drivers choose to have additional coverage then what is required for peace of mind and in order to avoid huge expenses in the future. It is also noted that many financial institutions have their own minimum requirements in addition to NY States requirements.
If you opt to buy the cheapest car insurance policy possible, buy the least amount of coverage you need to drive, as explained below:
Drivers must have minimum liability coverage limits of 25/50/10 under New York car insurance laws. This coverage pays for others’ injuries and damage to other drivers’ cars when you cause an accident.
Personal injury protection (PIP) is also required. It covers you, your passengers and other authorized drivers of your car who are injured while in your car. PIP also covers you and your family members if you are injured while riding in someone else’s car or if struck by another vehicle while on foot. PIP is sometimes called “no-fault insurance” because it kicks in regardless of who is at fault. You must have $50,000 in coverage.
Uninsured motorist bodily injury covers medical expenses for you and your passengers if injured when hit by a driver with no insurance. You must have 25/50 coverage. This means your insurer pays up to $25,000 per person and $50,000 in total if there are two or more people injured.
It does cost more to buy more protection, but as you’ll see in the chart below, additional coverage is typically affordable. Increasing your insurance from the state minimum to full coverage with a $1,000 deductible costs, on average, $834 more, or $70 a month.
|Coverage limits||Average annual rate|
|Liability Only – state minimum||$891|
|Liability Only – 50/100/50 BI/PD||$973|
|Full Coverage – 100/300/100 BI/PD
$1,000 Comp/Collision deductible
|Full Coverage – 100/300/100 BI/PD
$500 Comp/Collision deductible
|Full Coverage – 100/300/100 BI/PD
$250 Comp/Collision deductible
*The table shows the average annual rate of 10 ZIP codes in the state from the following carriers, in no particular order: Progressive, Allstate, State Farm, Nationwide, GEICO and Farmers. Data provided by Quadrant Information Services.
Recommended car insurance coverage
Drivers who buy the cheapest car insurance in New York may be taking a big gamble. If you get into an accident, your assets are at risk if you have basic car insurance. Even a minor incident can cost much more than what your minimal insurance will pay out. For instance, say you have New York’s minimum of $25,000 in bodily injury coverage and $10,000 in property damage. Then you cause a crash that totals the other driver’s car, valued at $25,000. It also results in $45,000 of medical expenses for his injuries. You’re responsible for damages not covered by insurance. That means you have to pay $20,000 out-of-pocket for medical bills and $15,000 for the damaged car – a total of $35,000.
We recommend you buy more insurance than is required to legally drive a car in your state, especially if you have savings and assets. The more money you have, the more likely you are to be sued following a car accident should your insurance be insufficient to cover all the expenses. If your net worth is:
- less than $50,000, choose at least 50/100/50
- between $50,000 and $100,000, choose at least 100/300/100
- more than $100,000, choose at least 250/500/100
If you’re leasing or financing your car, you must get coverage of 100/300/100 or higher.
Collision and comprehensive
These are optional coverages and fairly affordable to add to a policy. Collision coverage pays for damage to your car after an accident that you cause. Comprehensive insurance pays to replace stolen cars and for damages from vandalism, flooding, hail, fire and animal strikes. New York drivers pay an average of $355 a year for collision and $156 for comprehensive.If your car is:
- less than 10 years old, you should strongly consider buying collision and comprehensive.
- more than 10 years old, only buy collision and comprehensive if your car is worth $3,000 or more, if you couldn’t afford to replace your car if it’s wrecked, or if you just want more protection on your policy.
If you buy comp and collision, check our guide to choosing a deductible amount.
These coverages are required in New York and should match the liability limits you choose. Uninsured motorist coverage and underinsured motorist coverage pays for damages if you’re hit by a driver with no insurance or a driver with coverage that’s insufficient to pay for your repairs and medical expenses.
Medical coverage (MedPay)
Medical payments coverage can help pay for the medical or funeral expenses of covered drivers and passengers after an accident, regardless of fault, up to $25,000. MedPay is optional in New York and not a must-have coverage, because your PIP protection takes care of the same expenses as MedPay. However, one benefit of MedPay is that there is no deductible and it can help defray health insurance costs. MedPay does the following:
- Covers you and your passengers’ medical expenses
- Pays for expenses after health insurance limits are exceeded
- Offers additional protection to insured drivers who are hit by a car while walking or biking
If you and your passengers:
- Don’t have health insurance, or have a plan that doesn’t cover car accidents or has low limits, we recommend that you add medical coverage of at least $5,000 to your car insurance policy.
- Do have health insurance, it’s still a good idea to have medical coverage if you want the best protection in your policy, as it can pay out after your health benefits are maxed out.
If you don’t own your car outright and have an accident, gap insurance pays the difference between the cash value of your car and the current outstanding balance on your loan or lease.
- If you’re financing your car, your car is less than one year old and you’ve put less than 20 percent down on it, you should buy gap insurance. If not, you don’t need gap insurance.
- If you’re leasing your car, it’s a good idea to buy gap insurance if you aren’t already required to in your lease agreement.
- If you own your car outright, you don’t need gap insurance.
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New York car insurance laws and resources
“No-fault” or PIP insurance in New York
No-fault doesn’t mean that no one is found at fault for an accident, but instead that someone who is injured in an accident looks first to his or her own coverage to pay for expenses. If PIP limits are exceeded, then the at-fault driver’s liability coverage can kick in.
Basic no-fault PIP coverage includes:
- Reasonable and necessary medical and rehabilitation expenses
- 80 percent of lost earnings (up to maximum of $2,000 per month for three years)
- Up to $25 per day for replacement services (e.g. household help)
- Death benefit of $2,000, in addition to the $50,000 in liability death coverage
Exclusion to no-fault coverages:Most New York car insurance policies say that a person may be ineligible for PIP benefits if the individual was:
- Driving while intoxicated or impaired by drugs and that contributed to the accident
- Riding an all-terrain vehicle (ATV) or motorcycle as driver or passenger
- Intentionally causing his or her own injuries
- Injured while committing a felony
- Injured while in a stolen vehicle
- An owner of an uninsured vehicle
New York driver point system
The New York Department of Motor Vehicles (DMV) uses a license point system to track high-risk drivers. The DMV assigns points for certain traffic violations. If you get 11 points in an 18-month period, your driver license may be suspended. Points stay on your record for 18 months. Points are counted from the date of your violation, not from the date of your conviction.
Keep in mind that car insurance companies don’t use the DMV point system when assessing your rate. However, they do review your driving record periodically, usually upon policy renewal time, and then will use their own demerit system to hike your rates based on your infractions.
The Point and Insurance Reduction Program (PIRP)
The Point and Insurance Reduction Program (PIRP) in New York lets drivers take DMV-approved accident prevention/defensive driving classes to get a car insurance discount. You can get a 10 percent discount on the base rate of your liability and collision premium if you complete a PIRP class. The discount lasts for three years. You may also be able to take four points off your driving record.
Once you complete the class, you will receive a certificate within 45 days that proves you passed. You have to give your insurer a copy of the certificate within 90 days after completing the course to get your discount.
The NY DMV has a list of companies that offer approved online accident prevention/defensive driving courses at its PIRP website.
New York law requires insurance companies to give you a discount if your vehicle has the following safety features:
- “Passive restraint” system, which means either automatic seat belts or air bags
- Factory-installed anti-lock braking system (ABS)
- Factory-installed daytime running lamps (DRL)
Of course, insurance companies also offer many additional discounts, even if not mandated by state law. These include good student, safe driver, low-mileage and anti-theft device discounts, among others.
If you cause a car accident, New York law says your insurer can raise your rates (known as a surcharge) only if you caused bodily injury or property damage that was more than $2,000. You can also be surcharged if you’re convicted of certain traffic violations. As in any state, keeping your driving record clean will go a long way toward holding down your car insurance rates.
Uninsured motorist penalties for New York
You may have to pay $150 to $1,500 in fines and could receive a sentence of 15 days in jail. You may also have your license and registration suspended and your car impounded.
How long does an accident affect your insurance?
An accident normally remains on a New York motor vehicle record (MVR) during the year that the accident occurred and for the following three years. The accident is then removed on Jan.1 of the fourth year after the accident.
No grace period
There is no grace period allowed in New York before you renew your insurance or obtain insurance on a new car. In fact, the law requires that you mail your insurance renewal forms at least 15 days before your cancellation date.
If you are a minor, insurance companies normally require that a parent or guardian need to sign on your insurance policy since it is a legal and binding document. The New York DMV allows only ages 16 and up to apply for a title and registration.