Average Car Insurance Cost Nyc
Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high.
Average car insurance cost nyc - In new york drivers with excellent credit pay an average of 158 37 per month compared to drivers. Average car insurance rates in new york by credit score. Many factors go into the rate you pay for car insurance.
Typically auto coverage costs are greater in large cities where accidents and auto theft are more common. That s the short answer. The graph below shows the change in average new york insurance rates from 2011 to 2015 the most recent year the data is available.
This bears out when you look at average car insurance rates by age. Car insurance is expensive in new york. Average car insurance cost in new york.
New york central mutual. According to the iii new york car insurance rates increased from 1 111 in 2011 to 1 234 in 2015 a jump of 123 or 11 12 percent. Car insurance for people under 25 years of age is typically quite high.
Insurance companies also take your credit score into consideration. The long answer is that the average cost depends on a variety of key factors many of which we ve outlined in the sections below. Your age location and vehicle are all part of the equation.
Average annual car insurance rates for major cities in new york below you ll see how average annual rates for several of the largest cities in the state compare to state and national averages. Your auto insurance rates are affected by factors aside from geography. For new york families with a teen driver here are the cheapest car insurance companies we found and their average rates.
Drivers in new york city pay 19 5 more than the average annual cost of car insurance in new york state and 188 1 more than the national average. With age comes wisdom and lower car insurance rates up to a point. The average car insurance premium in new york is 1 582 per year nearly 11 more than the national average.
Rates are for coverage of 100 000 per person 300 000 per accident in liability and 50 000 of property damage coverage with comprehensive and. In new york city the average annual cost of car insurance is 4 103 which is much higher than both the new york state and the national average cost of car insurance. Drivers pay an average of 1 349.
