Car Insurance Cost Per Month Nyc

That s 304 more annually than the national average 1 758.

Car insurance cost per month nyc. The amount you pay for car insurance per month depends on several factors. On average car insurance costs 3 840 annually for a 23 year old or approximately 320 per month. Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry. What s the average cost of car insurance in the us.

But in terms of car insurance brooklyn is known for some expensive premiums the average premium in brooklyn is nearly twice as high as that of the rest of new york state about 96 higher than the rest of the state and 54 higher than the average premium in the us. The average cost of a car insurance policy is 876 per year or 73 per month for a policy that meets the minimum requirements of each state. Your cost may be higher lower or somewhere right around that average. So saving while insuring a vehicle in brooklyn is an absolute imperative.

How much insurance costs in new york for. Most expensive states for minimum car insurance coverage michigan with 1 855 per year or 155 per month connecticut with 891 per year or 74 per month new york with 867 per year or 72 per month. 1 502 annually and 751 per six months that was the average price in the united states as of december 2019 up from 1 469 annually and 735 per six months during march of the same year. The average car insurance rate in new york is 172 a month or 2 062 a year for a driver age 30 for full coverage based on expert analysis by our team.

For liability limits of 50 100 50 new york drivers will pay 80 monthly 960 annually. But the price of your policy will be unique to your situation. Based on this trend one could expect that the car insurance rate is set to increase further in 2020. New york car insurance costs by age if you re shopping for car insurance for a teen driver new york is the 14th cheapest state in which to buy auto insurance for a 16 year old.

Where new york insurance rates rank nationally. How much is car insurance per month. Car insurance in new york costs roughly 129 per month or 1 545 per year on average. A 23 year old will pay about 300 less than a 22 year old 4 128 and about 250 more than the average 24 year old 3 597.

For example some states require drivers to purchase 100 000 worth of liability coverage per accident while others require just 20 000 or 30 000 of liability coverage.