New York Car Insurance - New York

Why is NY car insurance so expensive?

New York state has among the highest insurance premiums in the nation. According to a 2015 report by the National Association of Insurance Commissioners, New York ranked No. 2 in average annual insurance premiums nationwide behind Michigan. The national average for car insurance was $1,318 in 2011, while New Yorkers were paying an average of $2,881. Some have speculated that New York's status as one of only two states with no-fault insurance laws contributes to its high cost of living and driving.

What kind of car insurance do I need in NYC?

The answer to that question depends on what kind of car insurance coverage you want and how much money you're willing and able to spend every month. New York is a no-fault state, which means that regardless of who's at fault in an accident, each driver has his or her own ''no-fault'' minimum coverage requirements.

How much does car insurance typically cost in NYC?

Well, this is a very common question among new visitors or even long-time straphangers in NY. After all, New York City has lots of cars competing for limited road space and the opportunity to rack up heavy fines for traffic violations. One of the most important expenses associated with car ownership in NYC is insurance premiums.

How much is insurance for a first time driver in New York?

The minimum coverage required by state law is $10,000 bodily injury liability per person, $20,000 total bodily injury liability per accident, and $5,000 property damage. Minimum coverage costs about $300 a year for a young male who owns a 2007 Honda Civic valued at around $9,500.

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