The Best Car Insurance Companies in New York

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Written by Rayna Opoku Edited by Quiana Darden

Updated May 18th, 2023

Your driving needs in the Empire State will vary whether you live in the congested city of Manhattan or the suburban town of Bronxville. No matter where you drive, you want the best car insurance company to protect your vehicle.

To help with your search, we’ve compiled a list of the best car insurance companies in New York based on the insurers’ customer satisfaction, financial stability, coverage options, discounts, and more.

Key Takeaways

• The best car insurance companies in New York are Chubb, Progressive, GEICO, State Farm, and Allstate.
• When selecting the best car insurance company for your needs, you want to consider customer service ratings.
• Be sure to compare quotes from several insurers and see what discounts you qualify for to make your premium even cheaper.
• Confirm that the insurance company offers any additional coverage you may need, such as roadside assistance, gap insurance, or rental car reimbursement.

The Top 5 Best Car Insurance Companies in New York

These five insurance companies offer the best protection to drivers in New York.

Chubb

Chubb is a global insurance powerhouse, offering a wide range of insurance products, including auto insurance. Founded in 1882, it has become one of the world’s largest property and casualty insurers.

One of its unique features is its extensive coverage options, including specialized coverage for luxury and high-value cars. For example, Chubb provides up to $10 million in personal liability coverage and $1 million in uninsured/underinsured motorist coverage.

Known for its exceptional customer service and personalized coverage options, it’s an excellent choice for those seeking premium auto insurance.

Available Discounts:

• Multi-policy discount
• Good student discount
• Safe driver discount
• Anti-theft discount
• Pay-in-full discount
• Driver training discount

Standard Coverage Options:

• Liability coverage
• Comprehensive coverage
• Collision coverage
• Uninsured/underinsured motorist coverage
• Personal injury protection

Optional Coverage:

• Worldwide car rental coverage
• Rental car reimbursement
• Choice of rental repair shop
• Pet injury coverage
• Child safety seat replacement
• Road service coverage
• Removal of personal information after a total loss
• Collector car insurance

Pros:

• Customer service: Chubb has excellent customer service, with a 24/7 claims team available to assist customers after an accident or other incident.
• Chubb Auto Mobile Estimate App: The app allows customers to submit images and videos of vehicle damage. It then provides an estimate of how long it should take for repairs to be done.

Cons:

• Limited availability: Coverage is only available in certain areas of New York state, so you may need to check if the company offers coverage where you need it.
• Fewer discounts than competitors: Chubb offers fewer discounts than its competitors.

Reviews:

AM Best: A++

JD Power Score: N/A

Progressive

Founded in 1937, Progressive has become one of the largest car insurance companies in the United States. It stands out for its unique offerings, including the Snapshot program, which uses telematics to lower your rates based on your driving habits.

Drivers especially love Progressive for its user-friendly online platform, allowing customers to obtain quotes and manage their policies quickly.

Available Discounts:

• Daytime running lights discount
• Multi-policy discount
• Continuous insurance discount
• Paid-in-full discount
• Multi-car discount
• Five-year accident-free discount
• Teen driver discount
• Good student discount

Standard Coverage Options:

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Uninsured/underinsured motorist
• Personal injury protection coverage

Optional Coverages:

• Roadside assistance
• Rental reimbursement
• Custom parts and equipment coverage
• Gap insurance
• Rideshare insurance

Pros:

• Generous discount offerings: Progressive offers various discounts to help you save money on your premium.
• Convenient online platform: It has a convenient and user-friendly online platform where you can manage your policy, make payments, and file claims.

Cons:

• Higher rates for young drivers: Progressive’s policy premiums can be higher than other insurance providers, especially for young, high-risk drivers.
• Customer satisfaction: Progressive has below-average customer satisfaction ratings for auto insurance claims.

Ratings:

AM Best: A+

JD Power Score: 811/1,000 (2021 JD Power U.S Auto Insurance Study)

GEICO

GEICO, the second-largest auto insurance company in the U.S., is renowned for offering low rates and the convenience of purchasing policies online or over the phone. Additionally, GEICO’s mobile app provides several convenient features, such as reporting claims, managing policies, and requesting roadside assistance.

Let’s take a closer look at the coverages it offers and the pros and cons to keep in mind so you can determine whether this company is right for you.

Available Discounts:

• Good student discount
• Defensive driving discount
• Good driver discount
• New vehicle discount
• Emergency deployment discount
• Military discount
• Multi-vehicle discount
• Multi-policy discount
• Federal employee discount

Standard Coverage Options:

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Personal injury protection
• Uninsured/underinsured motorist coverage
• Medical payments coverage

Optional Coverage:

• Emergency roadside assistance
• Rental reimbursement
• Mechanical breakdown insurance
• Custom parts and equipment coverage
• Rideshare insurance

Pros:

• Affordable rates: GEICO is known for offering cheap rates, making it an attractive option for budget-conscious drivers.
• User-friendly mobile app: The app allows you to view and manage your policy details, pay your bills, report claims, and even request roadside assistance with ease.

Cons:

• No gap insurance: GEICO doesn’t offer gap insurance, so if you want it, you’ll have to buy it from the dealership or select a different insurer.
• Not suitable for high-risk drivers: If you have accidents, traffic violations, or DUIs on your record, you may find it difficult to secure auto insurance with GEICO.

State Farm

State Farm has over 100 years of experience in the industry and has earned a reputation for providing reliable coverage and excellent customer service. One of their standout offerings is their Drive Safe & Save program, which uses telematics to track your driving behavior. It then lowers your premiums if you practice safe driving habits.

State Farm is available in all 50 states, so if you ever move, you’re covered.

Available Discounts:

• Accident-free discount
• Defensive driving discount
• Good driver discount
• Anti-theft discount
• Passive restraint discount
• Multi-vehicle discount
• Multi-policy discount

Standard Coverage Options:

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Personal injury protection
• Uninsured/underinsured motorist
• Medical payments coverage

Optional Coverage:

• Classic car insurance
• Emergency roadside service
• Rental car and travel expenses
• Rideshare driver coverage

Pros:

• Extensive network: State Farm is one of the largest insurers in the country, with over 19,000 agents, making it easy for you to find local assistance when needed.
• Strong financial rating: State Farm has an A++ rating with AM Best, indicating it has great financial strength and pays out claims on time.

Cons:

• Mixed customer service reviews: State Farm has received positive and negative reviews for its customer service, with some customers reporting issues with claims and communication.
• Higher rates: State Farm may not offer the most competitive rates for all customers, particularly those with poor driving records and low credit scores.

Ratings:

AM Best Rating: A++

JD Power Score: 831/1,000

Allstate

Founded in 1931, Allstate is now one of the largest auto insurers in the country, with policies available in all 50 states.

In addition to standard coverage options, it offers a range of add-ons and discounts, making it a popular choice for drivers looking to tailor their coverage to their specific needs. For example, drivers who spend less time on the road will enjoy Allstate’s Milewise program, which charges you based on mileage.

Available Discounts:

• Anti-theft discount
• Multi-policy discount
• Early signing discount
• Smart student discount
• New car discount
• EZ pay plan discount
• Pay in full discount
• Safe driving discount

Standard Coverage Options:

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Personal injury protection coverage
• Uninsured/underinsured motorist coverage
• Medical payments coverage

Optional Coverage:

• Sound system insurance
• Roadside assistance
• New car replacement
• Personal umbrella policy
• Rental reimbursement
• Towing and labor

Pros:

• Innovative features: Allstate offers unique features, such as Drivewise, which monitors your driving habits and can offer discounts if you drive safely. Another feature is QuickTrip, which can help you find the cheapest gas stations and estimate fuel costs for your trip.
• Wide range of coverage options: Allstate provides various coverage options customizable to fit your individual needs, including unique and optional coverages like sound system insurance and a personal umbrella policy.

Cons:

• Complicated claims process: Some customers report difficulty filing claims and getting timely responses from Allstate.
• Increased renewal rates: Customers also complain about receiving rate hikes after their initial policy term, even if they haven’t filed claims or made changes to their policy.

Ratings:

AM Best Rating: A+

JD Power Score: 810/1,000

Average Car Insurance Cost in New York

The average cost of car insurance in New York is $6,024 per year, or $502 per month. However, your actual premium will depend on various factors, such as your age, driving record, credit score, vehicle make and model, and the coverage limits you choose.

The Empire State is known for having some of the highest auto insurance rates in the country, primarily due to the high population density and heavy traffic in the state’s urban areas.

You’ll want to compare quotes from multiple insurers to find the best rate and coverage that suits your needs and budget.

How to Find the Best Car Insurance Companies in NY

Even if you’ve been driving in New York for many years, finding the best insurer for your vehicle can take some skill and a lot of research. With so many options available, it can be overwhelming to know where to start.

That’s why learning to choose car insurance that meets your needs and budget is essential.

Here are some steps to find the best car insurance companies in New York.

Do Your Research

You want to research different insurance companies in New York, including large national insurers, regional insurers, and local insurers. Look at each company’s coverage options, discounts, customer service ratings, and financial stability.

Read Customer Reviews

Reviews can give you an idea of what it’s like to be a policyholder with a particular insurer while providing valuable insights into the company’s strengths and weaknesses.

When reading customer reviews, look for patterns and trends in the feedback. Important areas to take note of include claims processing and customer service.

Use Your State’s Insurance Department Website

Every state has an insurance department that oversees the regulation of auto insurers within that state. The insurance department’s website can provide a wealth of information, including licensing details and complaints filed against insurers.

In addition, many also publish the insurance rate filings of car insurance companies. This lets you see how often each insurer requests to raise its rates.

Compare Auto Insurance Premiums

To get quotes, provide accurate and complete information about your vehicle, your driving history, and the level of coverage you’re seeking.

Aim to get quotes from at least three insurers to compare coverage options and pricing. Be sure to ask about any available discounts or incentives that may help lower your premiums, such as safe driver discounts, good student discounts, and multiple vehicle discounts.

While comparing insurers, you want to consider more than just the price. Look at the level of coverage provided, as well as any deductibles and limits that may apply. Some insurers may offer cheaper rates but with lower coverage limits or higher deductibles, which could cost you more in the long run if you’re involved in an accident.

What You Need to Know About New York Auto Insurance Coverage

Understanding the basics of New York auto insurance coverage is essential to making an informed decision about the type and amount of coverage you need.

New York Coverage Requirements

Auto insurance coverage is mandatory for all drivers in New York. The state requires drivers to carry liability insurance, which covers damages you cause to others in an at-fault accident.

New York’s minimum liability coverage is:

• $10,000 for property damage for a single accident
• $25,000 for bodily injury and $50,000 for the death of a person involved in an accident
• $50,000 for bodily injury and $100,000 for the death of two or more people in an accident

Driving without proof of insurance in New York can lead to harsh fines and penalties, such as:

• $750 for driver’s license reinstatement fee
• Suspended driving privileges
• Impounded vehicle

Common Types of New York Auto Insurance

New York state requires drivers to carry certain types of car insurance coverage, including property damage and bodily injury liability. In addition, there are several common types of auto insurance for drivers.

1. Personal injury protection (PIP): Pays you and your passengers’ lost wages regardless of who’s at fault for the accident.
2. Collision insurance: Covers damages to your vehicle if it’s in a collision with another car or object.
3. Comprehensive insurance: Pays for damages to your vehicle caused by something other than a collision, such as theft, vandalism, or a natural disaster.
4. Uninsured/underinsured motorist insurance: Covers damages and injuries if you’re in an accident with an uninsured driver or someone who doesn’t have enough insurance to cover the costs.

No-Fault Insurance in NY

“No-fault” insurance, also known as personal injury protection, is mandatory for all registered vehicles in New York. It covers medical expenses and related costs, regardless of who’s at fault in an accident. This type of insurance allows drivers to seek medical treatment without proving fault. However, it doesn’t cover property damage.

In addition to medical expenses, no-fault insurance covers lost wages, transportation expenses for medical appointments, and other related costs. The coverage can provide much-needed relief for accident victims struggling to make ends meet due to injuries.

Car Insurance Discounts in NY

Car insurance can be a significant expense for many New York drivers. Fortunately, various discounts are available to reduce the cost. Insurance companies offer these discounts to incentivize safe driving habits, customer loyalty, and more.

Here are a few discounts in New York that can help drivers get the most bang for their buck.

Defensive Driving Course – Save up to 20%

Want to save money while improving your driving skills? Defensive driving courses teach you how to reduce your risk of being in an accident by becoming a safer driver. Insurers tend to award anywhere from 5% to 20% off your premium for up to three years.

You’ll need to ensure that the New York State Department of Motor Vehicles approves your course to be eligible for the discount.

Usage-Based Insurance – Save up to 30%

Usage-based insurance rewards drivers who display safe driving behavior with lower premiums. This innovative policy uses technology installed in your vehicle to monitor your driving behavior and provide feedback to your insurer.

Good Driving – Save up to 20%

You may be eligible for a good driving discount if you have a clean driving record and remain claim-free. This discount can vary between insurance companies but is typically around 20% off your premium.

Multi-Policy Bundling – Save up to 25%

If you rent or own a home in New York, you can get a multi-policy discount by combining your auto and home or renters insurance under the same policy. With this discount, you can expect to save up to 25% on your policy.

One of the benefits of bundling your home and auto insurance is the convenience of having both policies with the same provider. It makes managing your insurance coverage and premiums easier and simplifies the claims process if you need to file a claim for either policy.

FAQs About Car Insurance in New York

What are the best car insurance companies in NY?

The best car insurance companies in New York are Chubb, Progressive, GEICO, State Farm, and Allstate.

What is the minimum amount of car insurance required by law in NY?

In New York, the minimum car insurance required by law is:

• $10,000 for property damage for a single accident
• $25,000 for bodily injury and $50,000 for the death of a person involved in an accident
• $50,000 for bodily injury and $100,000 for the death of two or more people in an accident
• Personal injury protection

How can I find affordable car insurance in New York?

You can find affordable car insurance in New York by comparing rates, researching the most affordable companies, reading customer reviews, and looking at the New York state insurance department website.

Can I legally drive in NY without car insurance?

No, it’s illegal to drive in New York without car insurance. You must have at least the minimum liability insurance required by law.

What factors can affect the cost of my car insurance in New York?

Several factors can affect the cost of your car insurance in New York, including your age, your gender, your driving record, the type of car you drive, where you live, and your coverage limits.

Are there any discounts available on car insurance in NY?

Yes, many car insurance companies in New York offer discounts; for example, you can get discounts for having safety features, having a good driving record, completing a driver safety course, and more. Be sure to ask your insurance company about any discounts you may be eligible for.

Rayna Opoku Auto Insurance Writer

Rayna Opoku is an expert content writer who has spent the last two years creating in-depth guides and articles for the auto insurance industry. With over four years of experience writing for various companies, she's able to make even the most complicated of concepts sound simple and straightforward. When she's not writing about car insurance, you can find her exploring the next Fintech trend, smashing birdies down the badminton court, or sipping a mocha at her favorite cafe.