Who Has the Cheapest Car Insurance in Albany, NY?
Progressive has the cheapest full coverage car insurance in Albany, at $79 per month, on average.
Find Cheap Auto Insurance Quotes in Albany
Best cheap Albany car insurance
How we chose the top companies
Best and cheapest car insurance in Albany, NY
- Cheapest full coverage: Progressive, $79/mo
- Cheapest minimum liability: NYCM, $31/mo
- Cheapest for young drivers: NYCM, $53/mo
- Cheapest after a ticket: NYCM, $80/mo
- Cheapest after an accident: NYCM, $98/mo
- Cheapest for teens after a ticket: NYCM, $53/mo
- Cheapest after a DUI: Progressive, $82/mo
- Cheapest for poor credit: Nationwide, $128/mo
Monthly rates are for full coverage car insurance for a 30-year-old man. Some rates use different ages or coverage limits.
NYCM is the best choice for most Albany drivers. It offers excellent customer service at an affordable rate. The main downside to NYCM is that you can't get a quote online. You'll have to contact an agent to compare rates.
Progressive offers the cheapest online quotes for Albany drivers looking to compare rates and buy a policy quickly. However, its customer service isn't as good as NYCM , so it's worth taking the time to contact an agent if you can.
Cheapest auto insurance in Albany, NY: Progressive
Progressive has the cheapest full coverage car insurance in Albany.
Full coverage from Progressive costs around $79 per month, which is $68 per month less than the citywide average.
Albany drivers should also compare quotes from NYCM. It only costs an average of $1 per month more than Progressive, but it has much better customer service reviews. That could be helpful if you're ever in a crash.
Find Cheap Auto Insurance Quotes in Albany
The average cost of full coverage car insurance in Albany is $147 per month. That's $42 per month less than the New York state average of $189 per month.
Cheapest full coverage Albany auto insurance
Company | Monthly rate | ||
|---|---|---|---|
| Progressive | $79 | |
| NYCM | $80 | |
| Nationwide | $128 | |
| State Farm | $143 | |
| Geico | $172 | |
*USAA is only available to current and former military members and their families.
Cheapest liability-only car insurance in Albany, NY: NYCM
NYCM has the cheapest minimum liability car insurance in Albany.
A policy from NYCM costs $31 per month, which is less than half the Albany average of $74 per month.
Cheapest insurance quotes in Albany, NY
Company | Monthly rate |
|---|---|
| NYCM | $31 |
| Progressive | $43 |
| Nationwide | $63 |
| State Farm | $76 |
| Geico | $80 |
*USAA is only available to current and former military members and their families.
Find Cheap Auto Insurance Quotes in Albany
Cheapest Albany auto insurance for teens: NYCM
NYCM has the cheapest car insurance quotes in Albany for young drivers.
A minimum coverage policy from NYCM costs around $53 per month for an 18-year-old driver. That's one-fourth the average cost of liability insurance for teens in Albany.
NYCM also has the cheapest full coverage rates. At $142 per month, full coverage from NYCM is one-third the city average.
Monthly Albany, NY car insurance quotes for teens
Company | Liability only | Full coverage |
|---|---|---|
| NYCM | $53 | $142 |
| Progressive | $144 | $243 |
| Nationwide | $175 | $360 |
| State Farm | $258 | $485 |
| Allstate | $305 | $642 |
*USAA is only available to current and former military members and their families.
On average, 18-year-old drivers in Albany pay nearly three times as much for car insurance as 30-year-old drivers.
Teen drivers typically pay much more for insurance because they have less driving experience, which means they're more likely to cause an accident.
Young drivers can typically lower their insurance costs by:
Sharing a parent's car insurance policy. This will raise the cost of your parent's insurance, but it's usually cheaper overall than two policies.
Looking for discounts. Check with different insurance companies to see if you qualify for discounts for safe driving, good grades and low mileage, among other things.
Cheap car insurance in Albany, NY after a speeding ticket: NYCM
NYCM has the cheapest car insurance quotes for drivers in Albany with a recent speeding ticket. A full coverage policy from NYCM costs around $80 per month for a driver with one speeding ticket. That's half as much as the average Albany driver pays for coverage after a ticket.
Cheapest Albany car insurance after a speeding ticket
Company | Monthly rate |
|---|---|
| NYCM | $80 |
| Progressive | $81 |
| Nationwide | $145 |
| State Farm | $157 |
| Geico | $221 |
*USAA is only available to current and former military members and their families.
On average, a speeding ticket raises car insurance rates in Albany by 16%. That's an average increase of $23 per month for a full coverage policy.
Cheapest car insurance in Albany after an accident: NYCM
NYCM has the most affordable rates for Albany drivers with an accident on their record. At just $98 per month, full coverage from NYCM is nearly half the average cost after an accident in Albany.
Best cheap car insurance after an accident in Albany
Company | Monthly rate |
|---|---|
| NYCM | $98 |
| Progressive | $126 |
| Nationwide | $166 |
| State Farm | $171 |
| Allstate | $227 |
*USAA is only available to current and former military members and their families.
On average, an accident in Albany increases full coverage rates by $43 per month, or 29%.
Don't worry about switching car insurance companies right after an accident. Your current rates won't go up until your policy renews. However, any quotes you get beforehand will factor in your crash, which means they'll probably be higher than your current bill.
Instead, wait until your insurance company sends your renewal offer in the mail or via email. Then, you should compare quotes from multiple companies to find the best rate for you.
Cheapest Albany car insurance for teens with traffic violations: NYCM
NYCM has the most affordable rates for Albany teens with tickets or accidents on their driving records.
After a speeding ticket, NYCM charges around $53 per month for a minimum coverage policy for an 18-year-old. That's one-quarter of the average cost of a policy for a teen with a ticket in Albany.
Teen drivers with an accident on their record pay around $178 per month for minimum coverage from NYCM, which is one-third the average cost.
Monthly minimum coverage quotes for teens after a ticket or accident
Company | Ticket | Accident |
|---|---|---|
| NYCM | $53 | $78 |
| Progressive | $144 | $164 |
| Nationwide | $187 | $196 |
| State Farm | $287 | $315 |
| Geico | $366 | $406 |
*USAA is only available to current and former military members and their families.
Young drivers in Albany pay an average of 14% more for car insurance after a single speeding ticket and 19% more after an accident. That's because insurance companies believe drivers with traffic violations are more likely to cause an accident in the future. This makes them more expensive to insure.
However, since teens are already considered high-risk drivers, car insurance rates don't increase as much after a ticket or accident.
Cheap auto insurance in Albany, New York after a DUI: Progressive
Progressive has the cheapest quotes for Albany drivers after a DUI. Full coverage from Progressive costs an average of $82 per month after a DUI citation. That's one-third the Albany average and only $3 more per month than Progressive's rate for a driver with a clean record.
Cheapest car insurance quotes in Albany, NY after a DUI
Company | Monthly rate |
|---|---|
| Progressive | $82 |
| NYCM | $121 |
| Nationwide | $206 |
| Travelers | $306 |
| Allstate | $321 |
*USAA is only available to current and former military members and their families.
Albany drivers pay an average of 86% more for car insurance after a DUI. That comes out to $127 more per month for full coverage insurance.
In addition, drivers in New York may have to get SR-22 insurance after a DUI. That could make insurance even more expensive.
Cheapest Albany auto insurance for drivers with poor credit: Nationwide
Nationwide has the cheapest full coverage quotes for drivers with poor credit in Albany, at $128 per month. That's less than half the citywide average, which is $314 per month.
Cheap car insurance for Albany drivers with bad credit
Company | Monthly rate |
|---|---|
| Nationwide | $128 |
| NYCM | $189 |
| Geico | $244 |
| State Farm | $312 |
| Allstate | $367 |
*USAA is only available to current and former military members and their families.
Drivers in Albany with poor credit scores pay twice as much for car insurance as those with good credit. That's because insurance companies believe that people with bad credit scores are more likely to file a claim in the future.
Car insurance quotes in Albany by ZIP code
Drivers living in the 12205 ZIP code, which includes the Colonie and Roessleville neighborhoods, pay the cheapest car insurance rates in Albany.
If you live near the city center in the 12210 ZIP code, you'll pay the most expensive rates in the city.
There's only a $7 per month difference between the cheapest and most expensive ZIP code in the city. Albany has a small number of ZIP codes and neighborhoods, and there isn't much variation in insurance costs.
Full coverage car insurance rates in Albany, NY
ZIP | Monthly Rate | % from average |
|---|---|---|
| 12202 | $156 | 1% |
| 12203 | $152 | -2% |
| 12204 | $156 | 1% |
| 12205 | $150 | -3% |
| 12206 | $157 | 2% |
What's the best car insurance coverage in Albany, NY?
Full coverage car insurance is the best choice for most drivers in Albany.
That's because full coverage auto insurance includes collision and comprehensive coverage, which help pay for damage to your own car.
- Collision coverage pays for damage from a crash with another vehicle or object, regardless of whose fault it is.
- Comprehensive coverage pays for damage outside of your control, from theft, weather and other events, sometimes called "acts of God."
Lenders typically require you to have comprehensive and collision coverage if you have a car loan or lease. You should also consider these coverages if your car is less than eight years old or worth more than $5,000.
Minimum liability coverage is the cheapest option for car insurance in Albany. But it may not offer enough protection to cover medical bills and damage if you cause an expensive accident.
For example, say you hit and total a brand new or luxury car. It's unlikely that $10,000 of property damage liability will be enough to fully replace it, and you'll have to pay the difference.
Frequently asked questions
How much is car insurance in Albany, NY?
The average cost of full coverage car insurance in Albany is $147 per month. A minimum liability policy costs an average of $74 per month.
What is the cheapest car insurance in Albany, NY?
NYCM has the cheapest minimum coverage car insurance in Albany. A policy from NYCM costs $31 per month, which is 58% cheaper than the Albany city average. The average cost of minimum liability car insurance in Albany is $74 per month.
Is car insurance cheaper in Albany, NY?
At $147 per month, full coverage car insurance in Albany costs 22% less than the average rate across the state of New York, which is $189. Car insurance rates can vary across a state based on factors like population density, theft and accident statistics.
Methodology
To find the best cheap auto insurance in Albany, NY, ValuePenguin collected quotes from the largest insurance companies across the state. Rates are for a 30-year-old man with a clean driving record and a good credit score who owns a 2015 Honda Civic EX.
Quotes are for a full coverage policy, which includes higher liability limits than the New York state requirements, along with comprehensive and collision coverage.
- Bodily injury liability: $50,000 per person/$100,000 per accident
- Personal injury protection: $50,000
- Property damage: $25,000 per accident
- Uninsured/underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
- Comprehensive and collision deductible: $500
This analysis used insurance rate data from publicly sourced insurer filings using Quadrant Information Services. These quotes should be used for comparison purposes only, as your rates may be different.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.