How Much is Car Insurance in NYC?
The average cost of car insurance in NYC is $3,004. This is well above the state average for car insurance and more than double the national average. Given the large population and enormous volume of vehicle collisions each year, these costs should come as no surprise. That said, your exact New York car insurance cost will vary depending on certain circumstances.
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Different rating factors determine the price of car insurance in New York City. These factors are numerous and include your zip code, age, or gender. A history of speeding tickets and accidents will also dramatically increase the cost of insurance.
You must carry the necessary amount of car insurance at all times. When you are without adequate insurance, you could be on the hook for any damages you cause during an accident. While the cost of insurance in NYC might seem high, there are ways a Freeway Insurance agent could lower your rate.
NYC Car Insurance Rates by ZIP Code
One factor that might impact your car insurance costs more than you realize is your ZIP code. Studies have found that accidents are more common in certain ZIP codes, and insurance companies charge New Yorkers that live in those areas more. Given the size of the city, it should come as no surprise that there are more than 100 ZIP codes in NYC.
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NYC Car Insurance Rates by Age
Age is another common factor in determining the cost of car insurance. For the most part, teenagers pay far more in insurance premiums than any other age group. However, over the years, the cost of insurance will drop drastically. Once a driver reaches their 70s, the rates are likely to increase again. Regardless of your age, building a record as a safe driver is one of the best ways to keep your costs low.
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Discounts for Car Insurance in NYC
Several different discounts could help you save money on your car insurance in NYC. These discounts include:
Good student discount
Good driver discount
What are the Penalties for Driving Without Insurance in NYC?
There are serious penalties related to driving without insurance in NYC. If convicted, you could pay hundreds of dollars in fines and even up to 15 days in jail. You could also face the impounding of your car or be required to carry SR-22 insurance.
Get an NYC Car Insurance Quote Today!
Before you get behind the wheel in New York City, it is vital that you first protect yourself from an accident. Collisions might be unavoidable, but the financial strain of a vehicle crash can be. Car insurance is your protection from personal liability following a motor vehicle crash.
Freeway Insurance is ready to help you find the coverage you need at a price that is in your budget. You can get started with a quote online or visit an NYC office near you. You can also call us at (800) 777-5620 for a free quote.