Cheap Gap Insurance in New York (See the Top 10 Companies for 2025)

The best picks for cheap gap insurance in New York are USAA, Safeco, and American Family, offering rates starting at $12/month.

USAA stands out as the top pick overall, providing military benefits and exceptional value with the cheapest gap insurance rates for new cars.

Our Top 10 Company Picks: Cheap Gap Insurance in New York

Safeco is also known for its affordable rates, while AmFam offers great discounts.

Scroll down to compare these providers and find the best gap insurance in New York. Enter your ZIP code above to find the cheapest gap insurance providers for your needs and budget.

#1 – USAA: Top Overall Pick

Pros

• Exclusive Military Perks: USAA provides unique benefits for military members on gap insurance in New York, including specialized coverage options not available elsewhere.
• Competitive Rates for Service Members: USAA has the cheapest gap insurance in New York at $12/month, thanks to tailored pricing for military personnel.
• Highly-Rated Service: Known for excellent service, USAA ensures that gap insurance in New York is managed with a high level of customer satisfaction and efficiency. Learn more in our USAA review.

Cons

• Restricted Eligibility: New York gap insurance through USAA is limited to military families, excluding civilians and non-military individuals.
• Geographical Limitations: While USAA offers great rates, its gap insurance in New York might not be accessible to those who relocate or are outside their primary service areas.

#2 – Safeco: Cheapest Gap Insurance Rates

Pros

• Cheap Gap Insurance: Minimum coverage with gap insurance in New York is cheapest with Safeco at $76/month.
• Usage-Based Savings: Read our Safeco RightTrack review to find out how to save up to 30% on New York gap insurance by tracking safe driving habits.
• Positive Claims Reviews: Safeco customers report fast and friendly gap insurance claims service in New York.

Cons

• No Online Quotes: New York drivers must request gap insurance quotes from local agents.
• Limited Online Services: Some customers report issues with the provider’s website, which can make it frustrating when managing New York gap insurance online.

#3 – American Family: Cheapest With Discounts

Pros

• Generous Discount Opportunities: American Family provides a variety of discounts for the cheapest gap insurance in New York.
• Incentives for Vehicle Safety: Vehicles equipped with advanced safety technologies can benefit from additional discounts on gap insurance in New York with American Family.
• Multi-Policy Bundles: Combining gap insurance with other policies from AmFam in New York can lead to substantial overall savings. Discover our American Family review for a full list.

Cons

• Discount Complexity: The range of available gap insurance discounts in New York might be complex and challenging for some consumers to navigate.
• Premium Variability: The final cost for gap insurance in New York with AmFam may vary widely based on individual circumstances and discount eligibility.

#4 – Progressive: Cheap Full Coverage Options

Pros

• Competitive Full Coverage Rates: If you need cheap full coverage auto insurance in New York with gap, Progressive has the best rates at $180/month.
• Diverse Coverage Options: Progressive gap insurance in New York includes a wide array of coverage choices, allowing for tailored protection based on individual needs.
• Adaptable Terms: Progressive offers flexible terms for NY gap insurance, providing options to adjust coverage as your situation changes, which you can read more about in our Progressive review.

Cons

• Potential Rate Fluctuations: Rates for New York gap insurance with Progressive can fluctuate based on various factors, which might require frequent review.
• Complex Policy Details: The extensive range of options and terms for gap insurance in New York might be overwhelming to some customers.

#5 – Nationwide: Cheapest for Multiple Vehicles

Pros

• Multi-Vehicle Discounts: New Yorkers who insure more than one car with Nationwide can save up to 20% on gap insurance rates.
• Multi-Policy Savings: Drivers who bundle Nationwide home and auto with gap insurance can lower their New York auto insurance rates by 20%.
• Solid Reputation: Nationwide has a well-established reputation for reliability and customer satisfaction for New York gap insurance, which you can check out in our Nationwide review.

Cons

• Bundling Requirements: To access multi-policy discounts, you might need to meet specific bundling requirements for gap insurance in New York, which could be limiting.
• Higher Standalone Rates: Without discounts, the cost of gap insurance in New York with Nationwide can be higher compared to some other providers.

#6 – Allstate: Cheapest for Infrequent Drivers

Pros

• Discounts for Low-Mileage Drivers: Allstate provides special gap insurance discounts in New York for drivers who use their vehicles infrequently. Read more in our review of Allstate Milewise.
• Additional Savings for Telematics: Allstate usage-based auto insurance and telematics devices can further reduce the cost of gap insurance in New York. Learn how in our Allstate Drivewise review.
• Robust Coverage Choices: Allstate offers a broad range of coverage options for gap insurance in New York, catering to different driver profiles.

Cons

• Premiums for High-Mileage Drivers: Drivers with higher annual mileage might find Allstate gap insurance rate to be less competitive than other New York providers.
• Discount Eligibility Limits: Certain discounts on New York gap insurance might only apply under specific conditions, making them less accessible.

#7 – Travelers: Cheapest With Multi-Policy Bundles

Pros

• Savings Through Policy Bundling: Travelers offers discounts on auto and gap insurance in New York when bundled with other types of insurance, like home or renters.
• Wide Range of Coverage Options: The variety of gap insurance coverage levels provided by Travelers in New York allows for extensive customization. Learn more in our Travelers review.
• Customizable Insurance Plans: Travelers offers the flexibility to adjust your gap insurance coverage in New York to meet specific needs and preferences.

Cons

• Complex Bundling Process: The process of achieving discounts through bundling gap insurance in New York can be complicated.
• Rate Inconsistencies: The cost of gap insurance in New York may vary based on different factors, requiring careful comparison.

#8 – State Farm: Best Customer Service

Pros

• High-Quality Customer Support: State Farm is praised for its excellent customer service regarding gap insurance in New York, offering reliable assistance.
• Accident-Free Record Discounts: State Farm provides incentives for maintaining an accident-free record, which can lower your New York gap insurance costs.
• Extensive Local Network: State Farm’s widespread presence ensures that gap insurance in New York is readily available through many local agents. Read our State Farm review to learn more.

Cons

• Potentially Higher Premiums: Without qualifying for discounts, State Farm gap insurance rates in New York can be higher than some competitors.
• Limited Discount Applicability: Some gap insurance discounts may only be available under certain conditions in New York, affecting their overall value.

#9 – Liberty Mutual: Cheapest Add-on Coverages

Pros

• Enhanced Protection Options: Liberty Mutual offers additional coverages for gap insurance in New York, providing options for more comprehensive protection.
• Flexible Policy Customization: The ability to customize your gap insurance in New York with various add-ons allows for tailored coverage. Find out more in our Liberty Mutual review.
• Wide Availability: Liberty Mutual gap insurance in New York is accessible to a broad spectrum of drivers, ensuring widespread availability.

Cons

• Higher Costs for Add-Ons: The additional coverages available may come with higher costs, potentially increasing the overall expense of New York gap insurance rates.
• Policy Complexity: The range of add-on options might make it difficult for some customers to choose the most cost-effective gap insurance in New York.

#10 – Farmers: Cheapest for Safe-Drivers

Pros

• Discounts for Safe Driving: Farmers provides valuable discounts on gap insurance in New York for drivers with a clean driving record. For a complete list, read our Farmers review.
• Variety of Coverage Options: Farmers offers a range of gap insurance coverage levels in New York, allowing for selection based on specific needs.
• Bundled Savings Opportunities: Additional savings are available when combining gap insurance with other policies through Farmers in New York.

Cons

• Higher Initial Rates: The base gap insurance rates in New York may be higher before applying any Farmers discounts.
• Discount Availability: Safe-driving discounts may not be available to all drivers in New York, impacting the affordability of gap insurance.

Comparing Gap Insurance Rates in New York

This table provides a breakdown of monthly rates for gap insurance offered by various providers in New York. Gap insurance helps cover the difference between your car’s actual value and what you still owe on your loan in the event of a total loss.

Gap Insurance Monthly Rates in New York by Provider & Coverage Level

The rates listed below allow you to compare affordable coverage options from leading companies, with prices ranging from $12 to $19 per month. Whether you’re looking for the cheapest option or evaluating based on reputation, this comparison can help you make an informed decision.

Check the terms of your auto loan or lease as it might require you to carry full coverage car insurance in New York, which could raise your gap insurance rates.

Read More: When to Buy More Than Minimum Auto Insurance

Most Auto Insurance Claims and Accident Trends in New York

Understanding the most common auto insurance claims in New York can help drivers better prepare for potential risks on the road. The table below highlights the five most frequently reported claim types, their portion of total claims, and the average cost per claim.

5 Most Common Auto Insurance Claims in New York

From collision and comprehensive claims to liability and personal injury protection auto insurance, these figures provide valuable insights into the financial impact of various incidents and the importance of adequate coverage.

This table provides a snapshot of the number of accidents and insurance claims reported annually in various cities across New York. Understanding these figures can help drivers and policymakers assess risk and improve safety measures.

New York Accidents & Claims per Year by City

The data reflects both the number of accidents and the corresponding claims made per year, offering insight into the relationship between accidents and insurance activity in key urban areas such as Albany, Buffalo, New York City, Rochester, and Syracuse.

Effective Ways to Lower Your New York Gap Insurance Costs

To reduce the cost of gap insurance in New York, start by comparing quotes from different providers. Most top companies offer online tools to compare policy quotes, or you can use our free comparison tool above and get quotes from multiple New York insurance companies at once.

Look for discounts such as bundling with other policies, maintaining a clean driving record, and insuring multiple vehicles. Allstate offers savings for telematics and multi-policy plans, while American Family provides discounts for safety features and multi-car policies.

Auto Insurance Discounts From the Top Providers for Gap in New York

Explore top auto insurance discounts in New York.  Farmers and USAA have savings for accident-free records and bundled insurance. Learn how to save money bundling insurance policies, and check for special programs like military benefits and membership rewards. You can also improve your credit score to qualify for additional discounts.

This report highlights the most common auto insurance discounts available to drivers in New York, evaluating each based on potential savings and availability across different providers.

New York Report Card: Auto Insurance Discounts

From good driver and multi-policy discounts to defensive driving and low mileage options, this comparison gives you an at-a-glance view of how much you could save and which companies offer these benefits. Use this report to make informed decisions and maximize your savings when shopping for auto insurance in New York.

This report card provides a snapshot of how auto insurance premiums in New York compare across various categories. The state earns a solid overall performance, with slightly above-average premiums and a wide availability of discounts.

New York Report Card: Auto Insurance Premiums

However, high-risk drivers face steeper costs, and there are notable differences in rates between urban and rural areas. Customer satisfaction remains positive overall, though improvements could be made in the claims process. Here’s a breakdown of New York’s auto insurance performance by category, including grades and explanations for each aspect.

Case Studies: Finding the Right Gap Insurance Solution in New York

Finding the right gap insurance in New York can be tricky. These case studies of John, Lisa, and Alex show how different strategies helped them secure the best coverage for their needs:

• Case Study #1 – Maximizing Savings With USAA Military Benefits: John, an active-duty Army sergeant in New York, needs gap insurance on a tight budget. He chooses USAA for its $12/month rate and military benefits, offering the best value and service for his needs.
• Case Study #2 – Balancing Affordability and Discounts: Lisa, a single mother in New York, seeks affordable gap insurance with potential discounts. She selects American Family for its discounts on safety features, multi-car policies, and accident-free records, lowering her overall cost.
• Case Study #3 – Finding Competitive Rates: Alex, a young professional in New York, seeks affordable gap insurance with good coverage. He needs a provider with competitive rates and reliable coverage. Alex chooses Safeco for its budget-friendly rates and straightforward coverage.

Different providers offer unique advantages depending on your needs and priorities. That’s why it’s important to compare the best auto insurance companies in New York at once to see which is the best fit for you.

The Top Gap Insurance Companies in New York

We’ve compared the top insurance providers, and USAA, Safeco Insurance, and American Family have the best cheap gap insurance in New York.

USAA has the best New York gap insurance for military members, while Safeco has the lowest gap insurance rates for New Yorkers not in the military. However, American Family has the best auto insurance discounts in New York to get even cheaper rates for drivers who qualify.

You can find affordable gap insurance near you by entering your ZIP code below in our free quote comparison tool. Start comparing multiple New York auto insurance companies today.