For minors, one of the more important considerations that determine auto insurance rates is your zip code in New York. Areas with more people or higher crime rates like New York, Hempstead, and Mount Vernon are more likely to have higher rates, whereas areas with less congestion tend to receive slightly lower rates.
The information below rates the highest-priced areas in New York for drivers under 21 to purchase car insurance in.
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Rate quotes are comparative as the specific garaging location can alter coverage rates noticeably.
Finding good, cheap car insurance is difficult, and determining which company quotes the best car insurance rates for drivers under 21 in New York requires even more rate comparisons. Prices will probably be much more than the average price in New York due to the potentially higher risk that comes with offering insurance for minors, but reasonable coverage should be attainable if you do a thorough comparison. Each insurer uses different criteria for setting rates, so we'll go over the overall cheapest car insurance companies in New York.
It's important to know that New York car insurance rates are impacted by many factors that control the policy premium. Events such as a birthday, buying a different vehicle, or getting a couple of tickets can trigger rate changes that can now make some companies more affordable than competitors.
Best Car Insurance Prices for Minors
|Rank||Company||Cost Per Year|
|10||New York Central Mutual||$1,892|
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USAA offers some of the best car insurance rates in New York at around $1,152 per year. This is $923 less than the average premium paid by New York drivers of $2,075. Erie, Utica National, Allstate, and Progressive also are some of the lowest-priced New York insurance companies.
As the example above demonstrates, if you are currently insured with Allstate and switched to Erie, you could earn savings of roughly $336. Customers with Progressive may save as much as $353 a year, and Travelers insureds might cut rates by $370 a year.
To compare your rates to other New York insurance companies, click here to begin a quote or quote prices from the following companies.
Bear in mind that those policy prices are averages for all drivers and vehicles in New York and are not factoring in a price surcharge for drivers under 21. So the car insurance company that fits your situation best may not even be in the top 20 companies in the list above. That's why you need to quote rates from many companies using your own personal information and vehicle type.
Get discount New York car insurance rates
Auto insurance companies that sell policies for drivers under 21 could also offer price discounts that can lower rates by as much as 40% or more if you are eligible to receive them. The best car insurance companies and some of their more popular discounts are outlined below.
- State Farm offers discounts including good student, accident-free, student away at school, Steer Clear safe driver discount, good driver, anti-theft, and passive restraint.
- Farmers Insurance offers discounts for distant student, homeowner, bundle discounts, good student, business and professional, multi-car, and electronic funds transfer.
- GEICO offers premium reductions for air bags, multi-policy, emergency military deployment, anti-lock brakes, multi-vehicle, and membership and employees.
- American Family policyholders can earn discounts including good driver, Steer into Savings, mySafetyValet, good student, air bags, early bird, and multi-vehicle.
- Nationwide includes discounts for accident-free, easy pay, good student, defensive driving, multi-policy, and Farm Bureau membership.
- Progressive discounts include multi-vehicle, homeowner, online quote discount, good student, online signing, and continuous coverage.
The example below shows the difference between car insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no claims or driving violations, New York state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, vehicle safety, defensive driving course, passive restraint, marriage, and safe-driver discounts applied. When discounts are factored in, the average savings per year on car insurance for drivers under 21 is 28% or $425.
Picking a highly-rated car insurance company can be rather challenging considering how many choices there are in New York. The company rank data in the lists below can help you pick which companies to look at to insure your vehicles. These rankings are only comprised of companies who write in the majority of U.S. states, so companies without a large exposure are not factored into this list.
Top 10 Large Auto Insurers in New York Ranked by A.M. Best Rating
- USAA - A++
- GEICO - A++
- Travelers - A++
- State Farm - A++
- Allstate - A+
- Nationwide - A+
- Esurance - A+
- Erie Insurance - A+
- Progressive - A+
- Mercury Insurance - A+
Top 10 Large Auto Insurers in New York Ranked by Customer Satisfaction
- The Hartford - 93%
- The General - 91%
- Progressive - 90%
- 21st Century - 89%
- Erie Insurance - 88%
- USAA - 87%
- State Farm - 87%
- Travelers - 87%
- Mercury Insurance - 87%
- Safeco Insurance - 86%
Tips for finding low-cost car insurance for drivers under 21 in New York
Below you'll find a few penny-pinching ideas that can help drivers find low-cost car insurance.
- Safe vehicles cost less to insure
- Speeding tickets and other violations increase rates
- Improve your credit score
- Avoid having at-fault accidents
- Raise comprehensive and collision coverage deductibles
- Compare price quotes at least once a year
The last suggestion is extremely critical, as was discussed in this piece. Coverage prices can be changed at any time, so don't be tentative to change insurance companies if you can find a cheaper rate. Brand loyalty is not necessarily bad, but it isn't a good idea if that faithfulness ends up costing you big bucks every year. Now is a great time to compare rates to find cheaper auto insurance for drivers under 21.