Best Cheap Car Insurance Quotes for 16 Year Olds in New York

Best Cheap Car Insurance Quotes for 16 Year Olds in New York

When we talk about auto insurance, the words “affordable” or “cheap” really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Regardless, cheap car insurance for 16 year olds does not exist. Don’t let that bother you, though, because we are going to tell you how you can still get coverage that doesn’t cost an arm and a leg.

For New York drivers, one of the components that is looked at to determine car insurance rates is where you normally keep your vehicle in New York. Areas with high crime rates or more dense population like New York, Hempstead, and Yonkers tend to have higher rates, whereas areas with less traffic congestion and claims benefit from lower coverage costs.

The illustration below lists the highest-priced places in New York for 16 year olds to buy an auto insurance policy in.

Where does New York rank for car insurance cost?
Rank City Average Per Year
1 New York $2,735
2 Freeport $2,235
3 Hempstead $2,211
4 Levittown $1,981
5 Yonkers $1,958
6 Mount Vernon $1,919
7 Hicksville $1,900
8 West Babylon $1,875
9 Brentwood $1,872
10 Coram $1,714
11 New Rochelle $1,676
12 White Plains $1,629
13 Buffalo $1,503
14 Cheektowaga $1,240
15 West Seneca $1,225
16 Niagara Falls $1,189
17 Tonawanda $1,165
18 Utica $1,136
19 Syracuse $1,097
20 Troy $1,095
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Annual rates are estimated as specific location information can influence coverage prices noticeably.

Trying to buy cost effective car insurance is not the easiest thing to accomplish, and determining which company has the best car insurance rates for 16 year olds calls for a bit more work. Premiums will more than likely be significantly higher than the average rate in New York attributed to the potential for more claims that goes along with offering insurance for new drivers, but competitive coverage should be possible if you look hard enough. Every auto insurer has a proprietary method for determining rates in each state, so we need to take a look at the most affordable car insurance companies in New York.

Cheap Insurance Rates for Teens

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Cheapest auto insurance in New York ranked by cost per year
Rank Company Cost Per Year
1 USAA $1,187
2 Erie $1,205
3 Utica National $1,504
4 Progressive $1,512
5 Travelers $1,559
6 MetLife $1,588
7 Allstate $1,603
8 Amica $1,628
9 Preferred Mutual $1,703
10 GEICO $1,850
11 New York Central Mutual $1,892
12 State Farm $1,924
13 Safeco $1,966
14 Liberty Mutual $2,005
15 Central Mutual $2,028
16 Hanover $2,299
17 Encompass $2,689
18 Nationwide $3,085
19 Mercury $3,926
20 21st Century $4,281
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USAA has some of the lowest car insurance rates in New York at around $1,187 annually. Erie, Utica National, Progressive, and Travelers also qualify as some of the more affordable New York insurance companies.

As shown in the rates above, if you are currently insured with Progressive and switched to Erie, you might see a yearly price reduction of approxmiately $307. Customers with Travelers might save as much as $354 a year, and MetLife insureds might cut rates by $383 a year.

To find out how much you can save, click here to start a quote or visit any of the companies below.

Understand that those policy prices are averages across all insureds and vehicles and and are not figured with a rate increase for 16 year olds. So the car insurance company that can offer you the best price may not even be featured in the chart above. That affirms the importance of why you need to get rate quotes from many companies using your own driver and vehicle profiles.

The vehicle you are insuring is probably the most important factor when quoting the best cheap auto insurance for 16 year olds in New York. Vehicles with average performance, a plethora of safety features, or a track record of few liability claims will cost quite a bit less to insure than adrenaline junky models.

The table below presents insurance costs for a handful of the more afforable vehicles to insure.

Cheapest Auto Insurance Rates for 16 Year Olds in New York
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $2,129
Ford Escape XLS 4WD $2,136
Chevrolet Traverse LS AWD $2,175
Honda Accord EX-L 4-Dr Sedan $2,302
Toyota Prius $2,325
Subaru Forester X Limited Edition AWD $2,347
Ford Explorer XLT 2WD $2,374
Ford Focus SE 4-Dr Sedan $2,503
Ford Edge SEL AWD $2,508
Ford Fusion S 4-Dr Sedan $2,525
Chevrolet Equinox LS AWD $2,533
Hyundai Tucson Limited 4WD $2,525
Volkswagen Jetta LE 4-Dr Sedan $2,531
Toyota RAV4 Limited 2WD $2,525
Chevrolet Impala LT $2,531
Dodge Grand Caravan SXT $2,549
Subaru Outback 2.5I Limited $2,557
Ford F-150 Lariat Crew Cab 2WD $2,549
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,556
Honda Civic LX 4-Dr Sedan $2,653
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Table data represents single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific New York garaging location which can revise premium rates greatly.

Based on these rates, you can presume that cars like the Honda CR-V, Ford Escape, Chevrolet Traverse, Honda Accord, and Toyota Prius should be the most affordable vehicles to insure for new drivers. Rates will be more costly just because there is more claim exposure for 16 year olds, but overall those makes and models will tend to have the cheapest car insurance rates compared to other vehicles.

Careless drivers pay higher rates

The easiest way to obtain the best cheap auto insurance for 16 year olds in New York is to drive carefully and not have accidents or get tickets. The example below demonstrates how citations and at-fault accidents can impact annual premium costs for different age groups of insureds. The information is based on a single female driver, full coverage, $500 deductibles, and no policy discounts are applied.

The chart shows that the average cost of an auto insurance policy in New York per year with no violations or accidents is $1,590. Factor in two speeding tickets and the average cost hikes up to $2,125, an increase of $535 each year. Next add one accident along with the two speeding tickets and the annual cost of car insurance for 16 year olds jumps again to an average of $2,674. That’s an increase of $1,084, or $90 per month, just for not maintaining a clean driving record!

Buying coverage from the best company is difficult considering how many companies provide coverage in New York. The information shown below could help you analyze which companies you want to consider when comparing insurance rates for 16 year olds. The rankings below include the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not included in this list.

Top 10 Large Auto Insurers in New York Ranked by Value

  1. The General
  2. Erie Insurance
  3. The Hartford
  4. Mercury Insurance
  5. Farmers Insurance
  6. 21st Century
  7. Safeco Insurance
  8. AAA Insurance
  9. State Farm
  10. Travelers

Top 10 Large Auto Insurers Overall in New York

  1. The General
  2. Mercury Insurance
  3. The Hartford
  4. Progressive
  5. Travelers
  6. State Farm
  7. Farmers Insurance
  8. Erie Insurance
  9. Safeco Insurance
  10. USAA

Geico, State Farm, Allstate, and Progressive: Who is best?

When it comes to buying auto insurance, four companies to take a look at are Geico, State Farm, Allstate, and Progressive. If you add them together, they insure over 48% of all auto insurance policies in force. The table below shows some of the different features offered by each one.

Largest U.S. Car Insurance Company Ratings
Geico State Farm Allstate Progressive
Policy Discounts 2nd 3rd 1st 4th
Price Overall 1st 2nd 4th 3rd
Claims Handling 3rd 2nd 1st 4th
Customer Satisfaction 1st 4th 2nd 3rd
U.S. market share 11.4% 18.3% 10% 8.8%
A.M. Best financial rating A++ A++ A+ A+
Standard & Poor’s rating AA+ AA AA- AA
New car replacement No No Yes No
Mechanical breakdown insurance Yes No No Yes
Emergency roadside assistance Yes Yes Yes Yes
Accident forgiveness coverage Yes No Yes Yes
Rate for vehicle usage No Yes Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
Offered in New York Yes Yes Yes Yes
Where you can buy Online or through a Geico agent Only from State Farm agents Allstate exclusive agents Buy online or from an independent agent
Number of agents 150+ 18,000+ 11,000+ 30,000+
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