New York City Car Insurance (NY)

Driving in New York City can be overwhelming with a city population of 8,143,197 people and roads that are extremely congested with traffic.  The average car insurance premiums for residents of New York were $1,313 in 2007, which is slightly above the national average of $914.  This is a 20% increase in premiums for New Yorkers since the year 2000 when the average auto insurance premium was $1,094.

It is easier to take public transportation than drive within the city of New York due to overly congested roadways, high toll prices, and scarce parking.  If you're caught double-parking, you can expect to pay fines up to $150, and $300 or more if your car is towed.  If you do have to drive in the city, there are a few things to look for in your New York City Car Insurance provider.

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First, be sure that the auto insurance provider you select is licensed to practice within the state of New York.  If you are insured through a company that is not licensed to provide insurance coverage within New York, you will not be able to put in a claim should an accident occur.

Car Insurance Requirements in New York City (NY)

The minimum auto insurance coverage requirement in New York City is liability insurance.  This is your best option for obtaining the cheapest car insurance rates in the city, so when you are getting quotes for your car insurance, ask about this type of coverage.  Almost all insurance agents will try to get you to buy more coverage, but often if you are driving older vehicles that aren't worth all that much, it doesn't make sense to get comprehensive or collision insurance coverage.

One thing to be extremely careful of in New York City is car theft.  The city comes in at the number ten spot for highest number of vehicles stolen each year.  Among the most stolen types of cars include the 2001 BMW M Roadster, and 2004 Mercury Marauder.

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