The Cheapest Auto Insurance in The Bronx in 2024

Drivers in the Bronx pay an average of $440 per month for car insurance — much more than the statewide average of $170 per month, according to Compare.com data. The average Bronx driver pays $383 per month for liability coverage and $496 for full coverage.

One of the five boroughs of New York City, the Bronx is an extremely densely populated area, and all of that extra traffic contributes to its unusually high car insurance rates. This guide will take a look at the best and cheapest car insurance companies in the Bronx for all different kinds of drivers.

Key Takeaways:

• AAA is the cheapest car insurance company in the Bronx, with average rates of $190 per month.
• New York drivers must have liability insurance to legally drive a vehicle in the state.
• Safeco has the cheapest auto insurance policies for senior drivers in the Bronx.

In This Article:

• Average Price for Car Insurance in The Bronx
• Cheapest the Bronx Car Insurance Companies
• Best Bronx Car Insurance Companies of 2024
• The Bronx Rate Breakdowns by Driver and Coverage Type
• New York Auto Insurance Requirements
• Frequently Asked Questions

How Much Is Car Insurance in the Bronx?

Let’s take a look at how the borough’s average rates compare to the rest of the state, as well as the national averages for different coverage levels.

The average cost of car insurance in the Bronx is $440 per month, according to our analysis — much more than the national average of $135. Drivers pay $383 per month for liability-only policies and $496 per month for full-coverage car insurance.

Keep in mind, though, that these are just averages — your exact car insurance premium depends on your unique driving profile. That’s why it’s a good idea to compare car insurance quotes from multiple insurance companies before buying a policy.

In the next section, we’ll highlight the top five companies offering the cheapest car insurance in the Bronx and the differences between them.

The Bronx’s Cheapest Car Insurance Companies

Although the Bronx’s average rate is much higher than the rest of the country, you can still find ways to pay less for a car insurance policy. One of the best ways to save money is to shop around and compare quotes from multiple insurance companies before choosing a policy.

To get you on the right track, the table below highlights five insurers with the cheapest average monthly premiums in the Bronx, according to Compare.com data.

AAA has the cheapest average premium, with a monthly rate of just $194. But it might not be the cheapest car insurance company for you.

The best car insurance company for you depends on your budget and unique needs. Insurance rates vary drastically from company to company, since insurers consider so many different factors when setting rates, such as your driving record, age, and ZIP code.

Keep reading to learn which insurers stand out for the many different types of drivers in the Bronx.

The Best Bronx Insurance Companies of 2024

No single insurance company will be the best for everyone. And the company with the lowest price isn’t always the best choice. The right insurance company for you depends on your budget, coverage needs, and various other factors. Thankfully, you have multiple good coverage options to choose from in the Bronx.

We picked the following three companies based on a combination of average rates, available coverages and discounts, and customer ratings. Each company offers the best car insurance in the Bronx for a specific kind of driver.

Best for New Yorkers on a budget: AAA

• Average premium: $194 per month
• Compare.com Rating: 4.28 out of 5

Pros:

• Some of the cheapest average rates available
• Highly rated roadside assistance program

Cons:

• Must have an AAA membership
• Auto insurance policies not available online

AAA has one of the cheapest car insurance rates in the Bronx, according to Compare.com data. It also earned an AM Best rating of A (Excellent), which indicates good financial strength and capacity to pay claims.

You need to be an existing AAA member to buy a policy, but membership starts at only $65 per year and includes award-winning roadside assistance.

Best for New York seniors: Safeco

• Average premium: $200 per month
• Compare.com Rating: 4.59 out of 5

Pros:

• Affordable rates for New York seniors
• Highly rated telematics program

Cons:

• Few available discounts
• Higher-than-average number of complaints

Safeco is a great option for senior drivers in the Bronx, offering car insurance policies with an average monthly rate of only $136. Safeco earned an A (Excellent) rating from AM Best, highlighting its financial strength and ability to pay claims.

That said, while it’s an affordable option for senior drivers, it has numerous customer service complaints.

Best for discounts: Liberty Mutual

• Average premium: $268 per month
• Compare.com Rating: 4.62 out of 5

Pros:

• Offers various discounts and insurance products
• RightTrack program rewards safe driving

Cons:

• Higher-than-average number of complaints
• May not be the cheapest insurer in the Bronx

Liberty Mutual is the best insurance company for drivers in the Bronx looking to take advantage of car insurance discounts. It offers a wide variety of them, including multi-car, multi-policy, homeowners and auto insurance bundling, as well as paperless policy discounts. The insurer also earned an A (Excellent) financial strength rating from AM Best.

It may not be the cheapest option in the Bronx, but it has its benefits. That said, it doesn’t have the best customer satisfaction scores.

Cheapest Company for Liability Insurance: AAA

Your coverage level has a major effect on your premium — the more coverage you have, the higher your rates. Liability-only coverage at the state-minimum limits is generally the cheapest policy available.

While a liability-only policy is one of the most affordable standard policies, it also leaves you the most vulnerable. It only covers the medical expenses and property damage of other drivers if you cause a car accident, not your own.

The table below highlights the cheapest companies for liability insurance in the Bronx, according to Compare.com data.

AAA is the cheapest car insurance company in the Bronx for liability insurance, with an average monthly rate of only $160. But if you want a policy with more robust protection, check out full coverage — which we’ll cover in the next section.

Cheapest Company for Full-Coverage Insurance: AAA

Full-coverage car insurance offers much more protection than liability-only policies. Alongside liability insurance, it includes collision and comprehensive coverage, which pay for vehicle repairs or replacement after an accident or non-collison incident. That said, it also costs more than liability coverage.

Typically, full coverage is optional, but if you lease or finance your car, your lender will likely require you to have it.

The table below highlights the cheapest car insurance companies in the Bronx for full coverage, according to our analysis.

AAA is the cheapest insurer in the Bronx for full-coverage insurance, with an average monthly premium of $227.

Compare the Bronx Auto Insurance Rates by Driving Record

Your driving record has a significant effect on your car insurance rates. It helps insurance companies determine what kind of driver you are — and people with clean driving records pay the cheapest rates.

But if you have an at-fault accident in your driving history, insurers will often charge you higher premiums. The accident signals to them that you’re more likely to get into an accident and file a claim, so they charge more to account for the added risk.

The table below highlights how much drivers in the Bronx pay for car insurance based on their driving record, as well as the cheapest insurer for each kind of driver, according to Compare.com data.

Let’s take a look at how different driving infractions can affect your car insurance rates.

Cheapest in the Bronx after a ticket: AAA

Speeding and other traffic violations tell insurers you’re a risky driver, so insurance companies increase your rates to make up for the added risk. Even just one speeding ticket increases average rates by 27%, according to Compare.com data.

AAA is the cheapest company for drivers in the Bronx with a speeding ticket, at $217 per month — much cheaper than the $497 average across the borough.

Cheapest in the Bronx after an accident: AAA

Getting into an at-fault accident almost always results in your insurer increasing your rates. At-fault accidents indicate to insurance companies you’re not a reliable driver and are liable to get into accidents in the future. They increase your rates to account for the added risk. The average driver experiences a 34% increase, according to Compare.com data.

AAA offers the lowest average rate for the Bronx drivers with an at-fault accident, at $229 per month. That’s a major savings compared to the average Bronx driver, who pays $497 each month for the same coverage.

Cheapest in the Bronx after a DUI: AAA

Driving under the influence (DUI) is an extremely serious traffic violation, and It always leads to much higher rates, often a license suspension, and in some cases, your insurer may even drop you. After a DUI, insurance rates increase nationally by an average of 50%, according to Compare.com data.

The average Bronx driver pays around $585 per month after a DUI, but many insurers offer much lower rates. AAA is the cheapest auto insurer in the Bronx for drivers with a DUI, with an average monthly premium of $263.

Compare the Bronx Auto Insurance Rates by Age

Your age is another important factor affecting your auto insurance rates. Insurance companies see younger drivers with less experience as more risky than older drivers since they have a higher likelihood of getting into car accidents. Fortunately, rates tend to decrease as you get older.

The table below highlights how much different age groups pay for car insurance and the cheapest insurance company for each age, according to Compare.com data.

In the following sections, we’ll discuss the average cost of car insurance for teens and seniors.

Cheapest for the Bronx teens: AAA

Car insurance is expensive for teens because they’re the most likely to speed and cause accidents. Young drivers have a fatal crash rate almost three times higher than drivers older than 20, according to the Centers for Disease Control and Prevention (CDC).

The average Bronx teen pays a staggering $792 per month for coverage, but fortunately some insurers offer substantial savings. AAA currently has the cheapest average car insurance rates for teens in the Bronx, at $267 per month.

Cheapest for the Bronx seniors: Safeco

As you get older, you’ll pay some of the cheapest car insurance rates, all else being equal. Senior drivers have years of experience behind the wheel and are often more careful. Because of this insurance companies offer them more affordable auto insurance rates since there’s a lower risk of filing a claim.

Safeco offers the cheapest car insurance rates for senior drivers in the Bronx, with an average rate of $136 per month for drivers in their 70s — quite a bit less than the $330 per month this group averages.

New York Auto Insurance Requirements

New York state laws require drivers to maintain a minimum amount of liability insurance to legally get on the road. Every driver in the Empire State must purchase at least the following auto insurance coverage limits:

• $25,000 in bodily injury liability (BI) insurance per person
• $50,000 in BI insurance per accident
• $10,000 in property damage liability insurance per accident
• $25,000 in uninsured motorist (UM) coverage per person
• $50,000 in UM coverage per accident.

You can learn more about New York’s car insurance requirements on the New York Department of Financial Services website.

How to Get Cheaper Car Insurance in the Bronx

You can save money on car insurance in a variety of ways. Don’t just settle for the first price you see. Consider the following tips to save on your monthly insurance premiums in the Bronx.

• Apply for discounts. Almost every insurance company offers car insurance discounts. Ask your insurer or insurance agent which you qualify for — adding them to your policy could net you a lot of savings.
• Bundle policies. Consider bundling your auto and home insurance with the same company. Some insurers offer hefty discounts for doing so.
• Raise your deductible. Consider increasing your deductible — if you can afford it. It can save you on premiums each month, but just know you’ll pay more out of pocket if you need to file a claim.
• Compare quotes. Always compare car insurance quotes from multiple insurance companies before deciding on a policy. This is the best way to save money on your auto insurance.

The Bronx Auto Insurance FAQs

If you want to learn more about car insurance in the Bronx, check out these answers to some of the most commonly asked questions to help you find the right insurer.

Which company has the cheapest car insurance in the Bronx?

AAA has the cheapest car insurance in the Bronx, with an average rate of $194 per month, according to Compare.com data.

How much is car insurance in the Bronx?

The average cost of car insurance in the Bronx is $440 per month, according to Compare.com data. Drivers in the borough pay an average of $383 per month for liability coverage and $496 per month for full coverage.

How much car insurance coverage does New York require?

New York drivers must have $25,000 in bodily injury liability insurance per person, $50,000 in bodily injury liability per accident, and $10,000 in property damage liability per accident. They also must have $25,000 per person and $50,000 per accident in uninsured motorist coverage.

What happens if you drive without insurance in the Bronx?

Driving without insurance in the Bronx can lead to various penalties, including the state adding four points to your driving record. If you get eight points in 18 months, you can lose your driving privileges.

For a first offense, you’ll pay a $20 reinstatement fee. For a second offense, you’ll lose your license for 90 days and pay a $200 reinstatement fee. For a third offense, you’ll lose your license for an entire year and pay a $400 reinstatement fee.

Data Methodology:

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.

Sources:

1. AM Best, “AM Best Rating Services,” accessed July 25, 2024.
2. National Association of Insurance Commissioners, “National Complaint Index Report,” accessed July 25, 2024.
3. New York State Department of Financial Services, “Minimum Auto Insurance Requirements,” accessed July 25, 2024.
4. Insurance Information Institute, “Auto insurance basics—understanding your coverage,” accessed July 25, 2024.
5. Centers for Disease Control and Prevention, “Risk Factors for Teen Drivers,” accessed July 25, 2024.