New York car insurance tends to be more costly than elsewhere, in part due to minimum coverage requirements, high living expenses and densely populated cities. But you may still find affordable rates if you shop around and compare quotes.

Insurance rates depend on many different variables, including driving history, age and location. Rates differ based on each insurer; to get the best policy at a good price in New York it is essential that you understand which aspects affect your policy before shopping.

One of the primary factors affecting car insurance prices is your credit score. Most insurers use your score as a proxy for risk, with lower scores typically incurring greater premiums than those with exceptional scores – in New York alone, for instance, those with poor credit pay 67% more per year in premiums than their counterparts who enjoy superior scores. As shown below in Table 2,

Another factor affecting the price of car insurance in New York is your vehicle type. In general, more powerful models tend to cost more due to their ability to cause more damage during accidents. Below is a table which details average premiums across New York for different vehicle models.

Other drivers in New York who may need to pay more for car insurance include those with DUI convictions, at-fault accidents or speeding tickets on their records. Although in some instances this increased rate may become permanent, it’s still possible to find affordable coverage by shopping around and comparing quotes.

New York drivers must carry at least minimum car insurance, but selecting a policy tailored specifically to you and your needs and budget should be decided on an individual basis. Leasing or financing your vehicle might necessitate carrying higher levels of coverage than required by law; additionally it is worth considering adding collision and comprehensive protection which protects you against physical damage to or loss of your vehicle.

Shopping for car insurance in New York involves many considerations, from customer service and type of coverage provided, to customer reviews. WalletHub editors have put together a list of the top car insurers for different driver groups – teens/young adults/college students/seniors and middle-aged drivers alike – so you can narrow down your choices and find an insurer tailored specifically to you and your situation.