How Much Does Auto Insurance Cost for a 19-Year-Old in NY?

Last Updated on December 2, 2020

It is no surprise that insurance for young drivers can be quite costly. Research shows young drivers have more accidents because they have less experience. They are easily distracted and fall into peer pressure easily. Bad choices cause high premiums for young drivers.

How Much Does Auto Insurance Cost for a 19-Year-Old in NYAlthough most 19-year-olds have been driving for a few years, their insurance can still be rather costly.

Average Costs for 19-Year-Olds in NY

On average, an American auto policy hovers around $1500 a year. 19-year-old drivers see rates at almost double that amount. The country’s average for a 19-year-old is $3,996. This is a price drop from an 18-year-old, however. As young drivers get out on the road and experience is gained, insurance premiums will decrease.

New York Average

It is no secret that auto insurance in New York is more expensive than in other states. Adding a 19-year-old to your insurance policy will reflect this. In New York, the average cost for auto insurance for a 19-year-old is $5,960. For a 19-year-old female, on average, it is $5,462 a year. For a 19-year-old male, it is an average of $6,458 a year.

New York is the second more expensive state for insuring 19-year-old. Michigan is the most costly. As a no-fault state, New York drivers often fall victim to insurance fraud, which increases premiums.

Ways to Get Lower Rates in New York

There are many ways to get lower premiums for 19-year-old drivers in New York. Picking the right car and the insurance company will affect your premium as well as discounts offered by the insurance company.

Choosing the Right Car

It is not uncommon for a 19-year-old to want to drive the fastest sports car or biggest truck on the lot, but that will only hurt your insurance premiums. The newer the vehicle, the more expensive the insurance premium will be; however, it will be more reliable with newer and safer technologies that can earn insurance companies’ discounts.

A four-door sedan is an excellent car for a 19-year-old. It is large enough to protect the driver and passengers and easy to drive. Choosing the right vehicle can impact your insurance premium, so be sure to shop around before settling on the newest car on the lot.

The Right Insurance Company

Shopping around for the right insurance company is just as important as shopping around for the right car. Insurance company rates can vary by hundreds of dollars for the same coverage. Some of the best insurance companies for 19-year-old drivers include Erie Insurance, USAA, GEICO, AAA, Travelers, and Progressive.

Credit Score

Not many 19-year-olds have an extensive credit history to help reduce insurance rates to show you are financially responsible. However, there are ways to build your credit, which will help lower insurance rates. The higher your credit score, the lower your rates will be. Lousy credit will significantly harm your rates.

Driving Record

Another feature that will lower your insurance rates is a claims-free record. The fewer accidents you have on your record, the lower your rates will be. Having an accident will increase your rates, so driving safely and limiting points on your records is essential for low insurance rates.

Discounts

By now, there is no surprise that insurance companies offer a variety of discounts to New Yorkers to help decrease insurance premiums. These discounts are also provided to 19-year-old drivers.

Good Student Discount

As a 19-year-old driver, you have the opportunity to receive a discount if you receive good grades. Most of the time, this discount requires students to have a B average at a college, university, or trade school.  Insurance companies see high grades as evidence of responsibility.

On average, a 19-year-old can save 9% on insurance premiums, which is an average savings of $335 a year. In New York, the average yearly rate for a 19-year-old is $5960. If you receive the 9% discount, you will pay an average of $5,424.

Student Away From Home Discount

If you are looking at adding a 19-year-old to an already established auto policy, the student away from home discount is a possible discount he/she can qualify for. If he/she is attending school 100 miles or more away from home and their access to the insured vehicle is limited, you will be eligible for this discount. This discount is typically 15%-30%.

Accident Prevention Course

Taking an accident prevention course will give you a discount on your auto insurance rates. Your insurance company should give you a list of preapproved classes that you can take to get this discount.  The Department of Motor Vehicles will also have a current list of approved classroom classes and online classes.

Safety Equipment Discount

As mentioned before, the safety equipment on your car could qualify you for a discount. If your vehicle is equipped with automatic airbags, anti-lock brakes, anti-theft devices, and automatic seat belts, you could receive a discount. Check with your insurance company to be sure. The discount would be applied to No-Fault premiums, collision coverage, and medical payment coverages.

Other Discounts

There are numerous other insurance companies’ discounts, including a good driver discount and a multi-policy discount. Bundling your auto insurance with your home insurance can save you money as well. Paying higher deductibles will also decrease your insurance premiums.

A Final Word on Insurance for 19-Year-Olds in NY

Insuring a 19-year-old driver is quite expensive, especially in the state of New York. Taking advantage of the variety of discounts offered by insurance companies can help decrease insurance rates. Talk to your insurance company to see what discount they offer.

Are you looking for a new insurance company to insure a 19-year-old? Let us help! Scroll to the top of the page and enter your zip code. Let’s get started saving you money!

Leave a Reply

Your email address will not be published. Required fields are marked *