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Car Insurance in Albany, NY, Schenectady, NY or Troy, NY

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Known as the capital district of New York State, the Albany-Schenectady-Troy metropolitan area is a thriving hub of business and commerce. It has earned numerous accolades in recent years, including an “America’s Best Places To Raise A Family” distinction by Forbes and a “Best Cities for College Students” distinction by the American Institute for Economic Research.

Albany, New York’s capital city, has no shortage of things to do. Popular attractions include the Rocking Horse Ranch, a horseback riding-themed family resort, Aerial Adventure Park, and endless farms and orchards where thousands of tourists visit every year.

Keep reading to learn all about car insurance in Albany, NY, Schenectady, NY, Troy, NY, including New York’s minimum coverage limits, available discounts, and average monthly premiums by age group and zip code in the region.

Quick Facts

  • Albany’s average monthly premium for full coverage car insurance is $130 per month
  • New York is a “no-fault” insurance state
  • There were 6 fatal crashes in the cities of Albany, 3 in Schenectady, and 1 in Troy in 2020

How Much Does Car Insurance Cost in Albany – Schenectady – Troy?

On average, full coverage car insurance in Albany costs $130 per month, which is less than New York State’s average of $193 per month and lower than the national average of $161.

There are many reasons why car insurance premiums differ from one driver to the next, including age, gender, the number of claims filed, and the geographical region where you reside. Even a single claim could skyrocket premiums by as much as 100%, taking you years to recover.

Here are the average monthly car insurance rates for other cities in the region.

City Full Coverage State-Required Minimum or Liability
Albany – Schenectady – Troy $130 $56
New York $280 $118
Brooklyn $460 $207
Buffalo $186 $91
Rochester $149 $67

Albany-Schenectady-Troy Affordable Car Insurance Rates by Zip Code

Insurance rates may vary by zip code within the same city or metropolitan area. For example, New York City residents see an average monthly premium of $118 for the minimum required car insurance, while their next-door neighbors in Brooklyn see a whopping $207 average monthly premium.

Here are the average monthly car insurance rates for each zip code in the region.

Zip Code Full Coverage State-Required Minimum or Liability Coverage
12180 (Troy) $128 $53
12182 (Troy) $128 $53
12183 (Green Island) $125 $53
12202 (Albany) $136 $59
12203 (Albany) $130 $56
12204 (Albany) $133 $58
12205 (Albany) $130 $56
12206 (Albany) $136 $59
12207 (Albany) $136 $59
12208 (Albany) $130 $56
12209 (Albany) $130 $56
12210 (Albany) $136 $59
12211 (Albany) $130 $56
12302 (East Glenville) $123 $52
12303 (Rotterdam) $126 $53
12304 (Schenectady) $127 $53
12305 (Schenectady) $129 $54
12306 (Rotterdam) $126 $53
12307 (Schenectady) $129 $54
12308 (Schenectady) $129 $54
12309 (Niskayuna) $124 $53

Low-Cost Albany-Schenectady-Troy Car Insurance Rates by Age

Age has a large influence on car insurance premiums. As a result, some age groups pay higher premiums than other groups. For example, Albany drivers ages 16 to 19 can expect to pay nearly 50% more in monthly premiums than drivers in their 30s, 40s and 50s. A riskier driving profile and a higher number of filed claims for the age group all contributes to the disparity.

Take heart. As long as you keep your driving record in good shape, you’ll never pay insurance premiums again as high as the ones for young drivers once you age out of this group. However, if you slip up and get a DUI, for example, your rates could be even higher than those paid by an 18-year-old male with a sports car!

Here are the average monthly car insurance rates by age group in the region.

Age Full Coverage State-Required Minimum or Liability Coverage
18 $368 $154
20 $254 $103
30 $136 $59
40 $133 $59
50 $127 $58
60 $125 $58
70 $137 $63

Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.

Driving Conditions in Albany – Schenectady – Troy, N.Y.

How Many Fatal Accidents Happen in Albany-Schenectady-Troy?

There were 6 fatal crashes in the cities of Albany, 3 in Schenectady, and 1 in Troy in 2020. In Albany County, there were 15 fatal accidents with 16 people killed in 2020. Schenectady County saw 9 fatal accidents in 2020, with 11 people killed. Troy is in Rensselaer County, which had 10 fatal accidents with 12 people killed in 2020.

How Are the Road Infrastructure and Bridges in Albany-Schenectady-Troy?

Albany-Schenectady-Troy roads and infrastructure are constantly being upgraded to meet the demands of a growing population. The 2021-2022 $1.2 trillion infrastructure bill promises to improve a lot of the area’s existing facilities with millions earmarked for Amtrak Northwest Corridor improvements, Albany International Airport renovations, and upgrades to public transportation and its electric vehicle charging network.

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Minimum Car Insurance Requirements in Albany – Schenectady – Troy

New York is a no-fault state. This means each affected party’s insurance carrier is responsible for paying their policyholder’s damages, including medical expenses in line with their coverage terms and limits, no matter who caused the accident.

In New York, the required minimum limits are as follows:

  • $25,000/$50,000 bodily injury/death for one person
  • $50,000/$100,000 PIP bodily injury/death of two or more people
  • $10,000 in property damage per accident

Like most no-fault states, New York requires personal injury protection (PIP) coverage, which goes towards your medical bills. These payouts are awarded separately and complement the driver’s own health insurance coverage. It applies regardless of who is at fault for an accident.

Factors Allowed in Albany – Schenectady – Troy Car Insurance Rates

Insurance carriers consider several factors when determining the amount of premiums each driver pays, such as the make and model of the vehicle you drive. Other factors include but are not limited to:

  • Age
  • Gender
  • Zip Code
  • Claims History

Discounts for Car Insurance in Albany – Schenectady – Troy

With a safe, claims-free driving record, auto insurers are also keen on awarding discounts to help save you money on car insurance. These typically fall under four categories:

  • Graphic of a man driving a car

    Defensive driving discount

  • Blue icon of a blue car

    Low mileage discounts

  • Icon money

    Accident-free discounts

  • Hands holding a box with a check mark

    Safe driver discounts

  • Pink icon of a document with a checklist

    Bundling discounts

  • Money in hand icon

    Autopay discounts

Call your insurance agent any time your circumstances change to see if you qualify for additional discounts.

What Are the Penalties for Driving Without Insurance in Albany – Schenectady – Troy?

Driving without insurance in Albany-Schenectady-Troy is a serious offense.

For starters, drivers can face penalties of up to $1,500 if caught driving without insurance. Revocation of your driver’s license/registration, vehicle impoundment, and a 15-day jail sentence may also be in the cards. Additionally, a $750 fee paid to the DMV is required to reinstate your license.

Repeat offenders will see the penalties only become more serious. Remember, your insurance company must report to the state anytime an auto policy is started or lapses. This happens in real time, so if you are pulled over, you will get busted if you are driving without insurance.

Get an Online Quote for Low-Cost Car Insurance in Albany, NY, Schenectady, NY or Troy, New York Today!

New York state capitol in Albany
Freeway Insurance is ready to help Albany-Schenectady-Troy drivers find affordable car insurance for greater peace of mind.

To learn more about Freeway insurance and to request a quote, visit us online, or at an Albany-Schenectady-Troy office near you, or call (800) 777-5620 for a quick and easy, no-obligation quote.