Cheapest Insurance for Used Cars in New York

Cheapest Insurance for Used Cars in New York

One of the more important things used to calculate auto insurance rates is where you choose to live in New York. Areas with increased crime or more people like New York, Freeport, and Mount Vernon likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.

The table below displays the most costly cities in New York for used cars in which to buy car insurance.

How much does car insurance cost in New York?
Rank City Annual Premium
1 New York $2,735
2 Hempstead $2,233
3 Freeport $2,213
4 Levittown $2,001
5 Mount Vernon $1,919
6 Hicksville $1,919
7 West Babylon $1,913
8 Yonkers $1,900
9 Brentwood $1,853
10 Coram $1,784
11 White Plains $1,661
12 New Rochelle $1,610
13 Buffalo $1,488
14 Cheektowaga $1,240
15 Niagara Falls $1,201
16 West Seneca $1,189
17 Tonawanda $1,165
18 Syracuse $1,097
19 Troy $1,095
20 Utica $1,092
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Rates are estimated as the specific geographic location can influence rates considerably.

Deciding which company quotes the cheapest car insurance rates for used cars will involve a bit more effort than just quoting one company’s rates. Each auto insurer has their own process to set premium rates, so let’s rank the car insurance companies with the overall cheapest rates in New York.

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Rankings for the cheapest car insurance companies in New York
Rank Company Cost Per Year
1 USAA $1,187
2 Erie $1,242
3 Progressive $1,512
4 Utica National $1,549
5 Travelers $1,559
6 Allstate $1,588
7 MetLife $1,620
8 Amica $1,628
9 Preferred Mutual $1,703
10 New York Central Mutual $1,818
11 GEICO $1,926
12 Safeco $1,966
13 State Farm $1,982
14 Central Mutual $2,008
15 Liberty Mutual $2,087
16 Hanover $2,323
17 Encompass $2,583
18 Nationwide $3,147
19 Mercury $3,965
20 21st Century $4,281
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USAA offers some of the lowest car insurance rates in New York at around $1,187 each year. Erie, Progressive, Utica National, and Travelers also make the cut as some of the cheapest New York car insurance companies.

In the above example, if you are insured with Utica National and switched to Erie, you could see an annual premium reduction of approxmiately $307. Customers with Travelers could save as much as $317 a year, and Allstate insureds might lower prices by up to $346 a year.

Remember that these premium estimates are averages for all drivers and vehicles in New York and are not factoring in a price decrease for used cars. So the auto insurance company that can offer you the best rate may not even be featured in the company chart above. That illustrates why you need to quote rates from many companies using your own specific driver and vehicle information.

Types of discounts on New York insurance

Save on car insurance for pre-owned vehicles in New YorkCar insurance companies that offer the cheapest insurance for used cars in New York may also give you policy discounts that can lower rates by as much as 35% or more if you can meet the requirements. A few of the larger companies and some of their more popular discounts are detailed below.

  • State Farm offers premium reductions for multiple policy, good driver, student away at school, multiple autos, driver’s education, and accident-free.
  • Esurance offers discounts including multi-policy, defensive driver, emergency road assistance, multi-car, and good student.
  • Progressive policyholders can earn discounts including online signing, good student, online quote discount, multi-vehicle, and multi-policy.
  • Liberty Mutual has discounts for hybrid vehicle, multi-car, newly married, new move discount, exclusive group savings, good student, and multi-policy.
  • Auto-Owners Insurance includes discounts for anti-theft, group or association, safe vehicle, multi-policy, student away at school, and anti-lock brakes.
  • GEICO has savings for good student, defensive driver, multi-vehicle, membership and employees, air bags, seat belt use, and daytime running lights.

The information below illustrates the difference between auto insurance rates with and without discounts applied to the premium. The data is based on a female driver, a clean driving record, no at-fault accidents, New York state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with safe-driver, accident-free, multiple policy, claim-free, anti-theft, and marriage discounts applied. When drivers take advantage of discounts, the the average amount saved on car insurance for used cars is 28% or $442.

How to find a good New York car insurance company

Buying coverage from a good quality insurance provider can be a challenge considering how many choices drivers have in New York. The company rank data listed below could help you decide which auto insurers you want to consider when comparing rate quotes. The rankings below are for large nationwide companies, so companies with more of a regional focus are not taken into consideration for this list.

Top 10 Large Auto Insurance Companies 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

Is the best company Allstate, Geico, Progressive, or State Farm?

When buying auto insurance for pre-owned vehicles in New York, some of the largest companies to start with are Allstate, Geico, Progressive, and State Farm. The next table compares and contrasts some of the different features that are available from each company.

Comparison of Top U.S. Auto Insurance Companies
Allstate Geico Progressive State Farm
Claims Handling 1st 3rd 4th 2nd
Price Overall 4th 1st 3rd 2nd
Client Satisfaction 2nd 1st 3rd 4th
Number of Discounts 1st 2nd 4th 3rd
Rate for vehicle usage Yes No Yes Yes
Rideshare insurance Yes Yes Yes Yes
Accident forgiveness Yes Yes Yes No
Mechnical breakdown No Yes Yes No
Emergency roadside service Yes Yes Yes Yes
New car replacement Yes No No No
Coverage in New York Yes Yes Yes Yes
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