Why is New York teen auto insurance so expensive?

New York teen auto insurance can prove to be quite expensive. Younger drivers tend to have less experience behind the wheel and are therefore more prone to accidents. Insurance companies always take risk into account, and teens are seen as a substantial risk. In fact, the average cost of auto insurance in New York for teens with their own policy is about $5,000 annually.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 15, 2021

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New York Teenage Driver Auto Insurance Summary
New York Teenage Driver Insurance FactsSource
You are required to carry insurance in New Yorkdmv.ny.gov
You must have minimum coverage of $10,000 for property damagedmv.ny.gov
You must have minimum coverage of $25,000 for bodily injury for one person.dmv.ny.gov
You must have a minimum of $50,000 coverage for death of a single person in an accident.dmv.ny.gov
You must have $100,000 minimum coverage for death of two or more people.dmv.ny.gov
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Why is New York teen auto insurance so expensive? It is a hectic city, and teen drivers are at high risk for collisions.

Before we further explain the ins and outs of New York auto insurance, feel free to type your ZIP code into our tool above to find reasonable first time auto insurance rates in your area.

What auto insurance is needed in New York?

It is important to note that, no matter how daunting the price, you are required to carry coverage in New York. The following table details the minimum state requirements for auto insurance.

Auto Insurance Coverage Requirements in New York State
Auto Insurance Coverage TypesNew York Coverage Requirements
Property damage for a single accident$10,000
Bodily injury for a single person involved in an accident$25,000
Liability for death of one individual in an accident$50,000
Bodily injury for two or more people$50,000
Bodily injury for deaths of two or more people$100,000
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According to New York’s Department of Motor Vehicles, you’ll need a substantial amount of liability coverage. This video further explains the various forms of liability insurance.

Can I get auto insurance at 17?” The good news for young drivers is that you can get coverage. You could purchase your own policy, but it may be quite expensive. If possible, see if you can be added to a preexisting policy. Check out this link to find the three companies with the cheapest teen auto insurance.

Getting your own individual policy as a teen, especially in New York, is probably not the best idea. Let’s take a look at why this may be an expensive decision.

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Why is insurance so expensive for teenage drivers?

A big factor in rate determination is your location. Which borough has the cheapest car insurance? Staten Island tends to have the most affordable rates, though it is still far from cheap. How much is car insurance in NY monthly? On average, insurance will cost a policyholder up to $208 a month or $2,500 annually.

However, coverage rates for teens in New York City can run upwards of $5,000 per year. Adding a teen to an existing policy would be a far cheaper option. Geico, for instance, would charge an average of $1,695 per year.

Why is car insurance so expensive for teenage drivers and first time drivers? Younger drivers tend to have less experience behind the wheel and are therefore more prone to accidents. Insurance companies always take risk into account, and teens are seen as a substantial risk.

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Here is a video further explaining some reasons why young drivers tend to pay higher rates for insurance.

You should always compare rates from insurers. No matter what state you live in, you should not necessarily settle for the first quote you receive.

The best way to start searching for cheap insurance for a teen driver in New York is by typing in your ZIP code into our helpful tool below. If we haven’t answered all of your questions about auto insurance in New York City, NY, please check out the following FAQ section.

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Frequently Asked Questions: Why is auto insurance for teens in New York so expensive?

#1. How much is car insurance in NY for an 18-year-old?

The average premium in New York for an 18-year-old is $5,100 annually.

#2. How much is car insurance in NY for a 16-year-old?

Full coverage for a 16-year-old who has their own policy can cost upwards of $6,930 annually.

#3. How much does car insurance go up when you add a 16-year-old?

On average, it will cost about an extra $278 month to add a 16-year-old to an existing policy.

#4. How much is auto insurance for a teen in New York and what is the best vehicle for teenagers?

If they have their own policy, auto insurance for a teen in New York will be at least $5,000 annually. The 2019 Kia Forte and the 2019 Toyota Camry are seen as safe options for teenage drivers.

#5. In New York do you have to add your teen driver to your auto insurance?

Not if there is a licensed adult supervising them while they have their learner’s permits.

#6. How much must a teen earn to pay for auto insurance in New York?

It all depends on what area of New York you live in and with whom.

#7. What is the lowest auto insurance for a teen driver in New York?

Geico tends to have the cheapest insurance for teen drivers in New York.

#8. How much is auto insurance for a teenager a month?

An individual policy will cost, on average, about $400 a month.

#9. How much is auto insurance for an 18-year-old?

The average price for basic coverage for an 18-year-old female is $1,769. The average price for basic coverage for an 18-year-old male is $2,030. This is because male drivers are generally prone to taking more risks on the road.

#10. Why is auto insurance so expensive for a student driver?

A lack of experience behind the wheel is seen as a major risk factor in the eyes of insurers. Thusly, coverage rates for first-time drivers will always be high.

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