Consider Minimum Insurance Requirements In New York
Auto insurance is required in New York. You cannot register your vehicle at the New York Department of Motor Vehicles until you purchase a policy. The state minimum limits include bodily injury liability and property damage liability, both of which have a liability per person and liability per accident limit. New York drivers must also purchase at least minimum limits of personal injury protection and uninsured motorist coverage.
Rest assured that you do not need to memorize New Yorks car insurance laws you will not be able to buy a policy that does not comply with the minimum limits. But knowing the state minimum level of coverage could help you understand if you need higher limits or additional coverage options.
New York Teen Driving Laws
New York operates under a Graduated Driver’s License program, which includes three stages: Instructional Permit, Junior License, and Full Driver’s License.
- Instructional Permit: At 16, New York teens may apply for an Instructional Permit. An Instructional Permit allows teens to drive with a parent, legal guardian, licensed driver over 21, or a certified driving instructor. Teens must complete 50 hours of supervised driving practice to move on to the next stage.
- At 16 and a half, teen drivers may apply for their Junior License after completing their required driving practice, enrolling in a pre-licensing course, and passing a road skills test. With a Junior License, teens cannot drive unsupervised between 9:00 PM and 5:00 AM.
- Full License: At 18, teens with a Junior License will automatically receive a Full Unrestricted License if they have had no prior traffic violations.
Please be aware of additional restrictions for teen drivers in New York.
Richmond Hill Auto Insurance
Richmond Hill, Ontario, sits just north of Toronto and considers itself one of the chief commuter towns to cities all over the York Region. As a safe, family-oriented city, it boasts friendly neighbourhoods with careful drivers and low collision rates. Does that mean drivers in Richmond Hill are good candidates for cheap car insurance rates?
Not exactly. The average customer seeking car insurance in Richmond Hill is 40 years old, makes just over $100,000 a year, and pays a whopping $3,600 for car insurance each year.
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Cheapest Full Coverage Car Insurance In New York For 40
Drivers in New York with clean driving records may want to think about the following companies, which had the lowest average rates:
Main Street America: $1,028 per year, or about $86 per month.
Progressive: $1,389 per year, or about $116 per month.
Erie: $1,439 per year, or about $120 per month.
Preferred Mutual: $1,760 per year, or about $147 per month.
Geico: $1,786 per year, or about $149 per month.
Who Has The Cheapest Car Insurance In New York
Getting the cheapest car insurance in New York may sound great, but that cheap rate can come at a cost when you need it most. You want auto insurance thats affordable, but even more importantly – reliable, in case you have an accident.
A Liberty Mutual auto insurance policy can cost less than you think.3
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What Is The Average Cost Of Car Insurance In New York
The average cost of car insurance in New York is $1,692 per year according to thezebra.com.2 Thats 13.7% higher than the national average. Of course, your auto insurance cost will depend on many different factors including your age, where you live, and your driving history.
Some people get the bare minimum coverage, while others prefer the comfort and security of more protection. Liberty Mutual customizes your New York auto insurance, so you only pay for what you need.
The Most Affordable Policies For Young Drivers Under 25
Young drivers between the ages of 1824 will see a decrease in auto insurance premiums compared to teen drivers. The closer you get to 25 years old, the lower your rates will drop. You can find affordable car insurance in New York with the companies listed below.
| Insurance Company | |
|---|---|
| Liberty Mutual | $470/mo |
The cheapest auto insurance company for young drivers in New York is Safeco, at $454 per month, with Plymouth Rock coming in a close second, at $455 monthly. Once again, Liberty Mutual made the list with affordable car insurance rates for young drivers at a slightly higher rate of $470/mo.
When comparing insurance rates of young drivers to teen drivers, youll see a general decrease in the cost. While the lowest rate for teen drivers is $610/mo with Plymouth Rock, the lowest rate for young drivers is $454/mo. This means that young drivers enjoy savings of over $150 every month!
Just because these are some of the most affordable rates for young drivers in New York doesnt mean they are the cheapest rates available to you. We suggest you do your research and get quotes based on your specific car insurance needs. Also, look for auto insurance companies that offer additional discounts based on limited driving times and usage-based programs that track how you perform behind the wheel.
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Do I Need More Than The Minimum Required State Coverage In New York
Even though New York requires more forms of insurance than many other states, the limits are still very low. The $25000 limit might swiftly be exhausted if you gravely harm someone in an at-fault accident.
Furthermore, because $10000 in property damage is less than half the cost of a new car, you may be personally liable for the remaining losses.
It is strongly advised that you increase your insurance limits. Most insurance companies will enable you to do so for a little premium increase. Liability coverage levels of at least 50/100/50 are advised, though you should consider going even higher if you have assets such as a home. There are also many coverage kinds to select to give additional security for yourself and your car.
Teen Driving Laws In New York
Young drivers are eager to get out on the road and experience that kind of freedom for the first time in their lives. To ensure safety on the road for everyone, its important to become familiar with the laws for new drivers in New York.
While certain steps are different between New York City and New York State, when a teenager turns 16, they can apply for a learners permit. After having a learners permit for at least six months, teens may apply for a junior drivers license, followed by an unrestricted license once they turn 17 years old. You can learn more about being a young driver in New York here.
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Best Car Insurance In New York For 2023
Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance.
Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrates insurance content represents and adheres to the Bankrate brand.
Arrow Right Book
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Heres an explanation of how we make money. Our content is backed by Coverage.com LLC, a licensed entity . For more information, please see our Insurance Disclosure.
Interesting Facts About New York Auto Insurance
In certain circumstances, New York requires a free inspection of your vehicle to protect you and your insurer.
An estimated 13.8% of New York drivers were uninsured as of 2019. Uninsured motorist coverage can protect you if the at-fault driver has no auto insurance or not enough coverage.
There are 60,000-70,000 deer-vehicle collisions in New York State annually. Make sure you carry comprehensive coverage to protect against collisions with animals.
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Car Insurance Alternatives In New York
All vehicles that are operated in New York state, whether registered in state or out of state, must meet the liability requirements that are stated in the New York State financial responsibility law. Even vehicles that are in storage and arent being driven are not exempt from having liability insurance.
If youre unable to get auto insurance for any reason, there are other alternatives that will satisfy the required financial responsibility. These are:
Self-insurance: You may apply as a self-insurer if you have more than 25 cars registered under your name. A $5 application fee for each vehicle and proof of financial ability to cover any potential accident claims for each vehicle is required. This means youll need lots of extra cash in reserve to cover damages to your car, another persons car and property and possible lawsuits.
Surety bonds: This is a reduced cost alternative to traditional car insurance that could save you money unless you have to file a claim. A surety bond is a contract that requires a company to pay your financial obligations in the event of an accident. Surety bonds cost only a percentage of the bond total. Those with good credit are typically charged 1% to 2.5% of the bond as a premium. Given that the minimum auto insurance bond or deposit in New York is $25,000, youll only have to pay around $250 to $625 if you have good credit. However, if you file a claim, youll have to pay the entire bond.
How To Get Cheap Car Insurance In New York
Many insurance companies in New York offer ways to save on your car insurance. Here are some of the most common car insurance discounts and how to qualify:
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Bundling discount: Combining your home and car insurance policy
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Multi-car discount: Having more than one car and driver on your insurance policy
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Safe-driver discount: For drivers without any accident claims during a given time frame or for those drivers who take a defensive driving course
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Military discount: A discount for active-duty military and their family members
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Good student discount: A discount for young drivers who earn good grades
These are just a few of the discounts offered by insurance companies, so be sure and ask about what others may apply to you.
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What’s An Insurance Bundle
An insurance bundle is when you have more than one type of policy with the same insurance company creating a bundle of policies. Some insurers offer a discount for having more than one type of policy with them.
When you insure both your car and your home with Liberty Mutual, you’ll qualify for additional savings. Total savings will depend on a variety of factors such as where you live, how often you drive, and your driving record.
Tips For Reducing Your Car Insurance Premiums In Richmond Hill:
- Buy winter tires: Being located right along the Ontario Snowbelt, Richmond Hill actually gets much more snow than Toronto. To counteract the premium increases that may come with this, try purchasing winter tires to obtain a discount on your car insurance rates.
- Enroll in a telematics program: Depending on how much and how well you drive in Richmond Hill, you may be able to reduce your premiums. A telematics program can help you do just that by recording your mileage and your driving habits for your insurance company so you can qualify for discounts. The only caveat is that youll need to demonstrate good driving habits in order to get the discount at renewal.
- Bundle your home and auto insurance together: Lastly, a common way to qualify for car insurance discounts is to bundle your home and auto insurance together. Most insurance companies will reward customers who hold more than one policy with them. To find out if you qualify, ask your broker or agent about this option. You can indicate that youre planning on doing this during the quote application process on LowestRates.ca
Jessica Vomiero
About the Author
Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada’s largest technology websites, MobileSyrup.
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Best Cheap Car Insurance In New York
The cheapest car insurance company in New York is Kemper, which has an annual average cost of $79 per month for full coverage.
Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about oureditorial standardsand how we make money.
We found that Kemper has the lowest average car insurance rates in New York. On average, car insurance from Kemper costs $79 per month , which is $1,097 cheaper per year than the state average.
Compare rates and shop affordable car insurance today
We don’t sell your information to third parties.
The company with the lowest average rates may not be the cheapest for you, but you can find your best prices by comparing rates before you buy. Other cheap companies in New York state include Progressive, Main Street America, NYCM, and GEICO.
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Company |
|---|
GEICO is one of the cheapest car insurance companies in New York. Full coverage from GEICO costs New Yorkers $109 per month, $745 cheaper per year than the statewide average. We also found that GEICO is the cheapest car insurance company in New York State for drivers with bad or poor credit.
New York Car Insurance State Minimums
| Coverage type | |
|---|---|
|
Helps cover expenses related to the injury or death of another driver or a pedestrian when an accident is your fault. |
$25,000 limit per person/$50,000 limit per accident |
|
Helps cover expenses related to the damage of another person’s property like vehicles, homes, buildings and other structures when an accident is your fault. |
$10,000 limit |
|
Helps cover your medical expenses if you’re in an accident, the other driver is at fault and doesn’t have any insurance. |
$25,000 limit per person/$50,000 limit per accident |
|
Helps cover your medical expenses if you’re in an accident, the other driver is at fault and doesn’t have enough liability insurance. |
Grouped with uninsured motorist coverage |
|
If you and/or your passengers are hurt in an accident, this helps cover medical or funeral expenses. |
$50,000 limit |
|
Helps cover expenses to repair or replace your vehicle that’s been damaged in an accident. |
Not required¹ |
|
Helps cover expenses to repair or replace your vehicle that’s been stolen or damaged by things like storms or vandalism. |
Not required¹ |
All coverages are subject to the coverage limits stated in your policy.
¹Although New York law does not require drivers to carry this coverage, it may be required by your lender if you are leasing or financing your vehicle.
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Coverage Designed With You In Mind
Finding the right car insurance for you means staying up to date on New York requirements. The table below lists the coverages and minimum coverage limits that are required in New York. Keep in mind, however, that minimum coverage limits are just a starting point. You may want to consider increasing your coverage limits for greater protection
Pittsburgh Auto Transport Insurance
Its safer to transport your car over a substantial distance with professional movers. Your car will gather mileage the more you drive it and cause internal damage. It will also be exposed to different outdoor elements.
Auto transport services offer different levels of protection and are insured. Insurance ensures your vehicle is protected during transit.
Brokers also offer guaranteed car shipping. Although brokers cannot guarantee both a specific pickup date and delivery date, they can guarantee one on your order.
As long as you give a broker at least a week to accommodate you, they can guarantee a delivery date. However, some pickup areas can take up to two weeks to get your car picked up.
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New York Teen Driver Laws
If your teen is getting close to the driving age, you and your teen should know:
- At age 16, people in New York become eligible for a learner permit. To receive the permit, drivers must pay the application fee and pass a written test.
- The learner permit allows them to drive between 5:01 AM and 8:59 PM with a parent, guardian or driving instructor and transport no more than one non-family member under age 21.
- After 6 months with a learner permit and 50 hours of supervised driving , a driver can test to receive a junior driver’s license.
- Drivers who only have a junior license aren’t allowed to drive within the 5 boroughs of New York City, so it’s often beneficial to bypass the junior driver’s license until he or she qualifies for a senior license.
- Outside of New York City, the junior license is valid with a series of curfew and passenger restrictions specific to each county.
- At age 18 drivers may apply for a senior driver’s license with no restrictions.