New York is already one of the crucial costly states within the nation for automobile insurance coverage and charges are going even increased in 2025.
New Yorkers can anticipate a median improve in automobile insurance coverage charges of 13.5% this 12 months, in line with a brand new report from ValuePenguin, a web based insurance coverage comparability website that’s a part of Lending Tree. New York’s common fee improve is the fourth-highest within the nation for 2025.
The state’s improve for this 12 months is definitely an enchancment over 2024, in line with ValuePenguin. New Yorkers noticed a median fee improve of 16.9% final 12 months.
There may be additionally giant variation throughout insurers, ValuePenguin discovered. Among the many seven largest automobile insurance coverage corporations within the state, the location discovered a 181% worth distinction in costs.
Progressive and NYCM had the bottom charges, whereas Geico and Allstate had the very best, ValuePenguin mentioned.
Nationally, automobile insurance coverage premiums will rise a median of seven.5% in 2025. It’s the seventh straight 12 months premiums will go up, however this 12 months’s hike is down from 16.5% in 2024.
A complete of 49 states will see common charges improve not less than 3%, in line with ValuePenguin.
New York’s common annual premium for full protection automobile insurance coverage was $3,916 as of this month, in line with Bankrate. That was the third-highest determine within the U.S. and 48% above the nationwide common.
Florida was No. 1 at a median of $4,171 a 12 months and Louisiana was No. 2 at $3,978.
New York’s common annual premium for minimal protection was $1,685 as of this month, No. 1 within the nation.
Idaho was the most affordable state for automobile insurance coverage this month with a median annual full protection premium of $1,454. That’s 45% under the nationwide common, in line with Bankrate.
Vermont was No. 2 at $1,470.
Common premiums are based mostly on a 40-year-old driver with a clear driving document and good credit score, Bankrate mentioned.
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