Finest Low-cost Bronx Auto Insurance For 2021 – Bankrate.com
While the Bronx is a vibrant, busy part of New York City, car insurance in the area can get quite expensive. The average cost of auto insurance in Bronx is $ 2,502 per year for minimum coverage and $ 5,271 per year for full insurance. With rates in excess of three times the national annual average of $ 1,674 for full coverage, finding the best auto insurance in the Bronx without overpaying premiums can be a critical factor in your financial health.
In June 2021 alone, nearly 2,000 traffic accidents were recorded in the Bronx. Car insurance with coverage that suits your needs can protect you from financial harm if you cause an accident. Bankrate's research can help you find the best Bronx auto insurance for your situation, along with appropriate coverage and discounts.
The best auto insurance in Bronx
New York offers a wide variety of auto insurance options, and the Bronx is no exception. The top Bronx auto insurance companies include Progressive, Erie, Geico, and USAA. Bankrate's editorial team selected these companies by reviewing each carrier's average rates provided by Quadrant Information Services, customer service and financial strength ratings, coverage options, and discounts.
|insurance company||J.D. Power score
(New York region)
|Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|Progressive||813/1000||$ 1,485||$ 2,234|
|Erie||Not rated||$ 1,835||$ 3,597|
|Geico||827 / 1,000||$ 1,889||$ 3,577|
|USAA *||868 / 1,000||$ 2,048||$ 4,126|
* The USAA is not eligible for the official ranking at J.D. due to admission restrictions. Power entitled.
Founded in 1937, Progressive is now the third largest car insurance provider in the country. Not only are there multiple coverage options for almost every budget – the Name Your Price tool can help – but the list of discounts is impressive too. Progressive offers a range of savings options including paperless statements, full payment, and savings on multiple vehicles.
Learn more: Progressive insurance valuation
Erie is a regional provider that only operates in 12 states, including New York. However, Erie offers coverage options and a variety of discounts to compete with a national carrier. While Erie in the J.D. Power poll has not achieved a score, the local agent network remains popular. Currently, Erie only allows its customers to receive deals and coverage through the use of a local agent.
Learn more: Erie Insurance Review
Geico is another major airline that is currently ranked the second largest in the country by auto insurance market share. In terms of customer satisfaction in New York, Geico performed slightly below the industry average, scoring 827 out of 1,000 in the J.D. Power survey. However, Geico achieves the highest possible rating for financial strength by earning an A ++ (Superior) rating from AM Best.
Learn more: Geico Insurance Review
USAA offers coverage options for members of the military and their immediate family members. In addition to the standard coverage and discounts, there are also some special features. For example, if you park a vehicle on a military base, store a vehicle while on duty, or are an existing customer, you can get an additional discount.
Learn more: USAA insurance review
Cheapest Auto Insurance in Bronx
The average cost of auto insurance in the Bronx is $ 2,502 per year for minimum coverage and $ 5,271 for full insurance. The average cost of auto insurance in New York state is $ 2,321 per year for fully comprehensive insurance, and the national average fully comprehensive premium is $ 1,674 per year. When it comes to auto insurance, drivers in the Bronx pay a much higher premium than drivers in the rest of the country.
Progressive, Erie, Geico, USAA, and Allstate all have competitive prices that are below average for the Bronx as well. However, carriers should also be screened based on other factors such as financial strength and customer service ratings. Each of these five airlines receives at least an A + (Superior) rating from AM Best, which underlines the financial stability. All five offer numerous customer discounts, with Progressive and Geico being particularly generous with the number offered.
|insurance company||Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|Progressive||$ 1,485||$ 2,234|
|Erie||$ 1,835||$ 3,597|
|Geico||$ 1,889||$ 3,577|
|USAA||$ 2,048||$ 4,126|
|Allstate||$ 2,853||$ 4,916|
Bronx Insurance Requirements
Not only is civil liability insurance required in New York State, but personal injury insurance (PIP) is required due to fault laws.
The minimum requirements for insurance in New York are:
- $ 25,000 personal injury liability per person and $ 50,000 death per person
- $ 50,000 personal injury liability per accident and $ 100,000 death per accident
- $ 10,000 property damage liability per accident
- $ 50,000 Personal Injury Protection (PIP)
- $ 25,000 statutory uninsured motor vehicle injury per person
- $ 50,000 uninsured driver injury per accident
New York offers two options for uninsured motorist protection: statutory and additional. Statutory coverage is required and only covers accidents within state limits. Additional coverage is available at minimum or higher limits and also provides coverage outside of the state. Insurance cover for damage caused by underinsured drivers is also included in the supplementary insurance for uninsured drivers.
Often only the purchase of the required minimum insurance is cheaper, but also offers less financial protection. Most finance and insurance professionals recommend carrying higher liability limits. In addition, the minimum coverage does not include coverage for damage to your own car. You will need full coverage for this.
Car insurance discounts in Bronx
Discounts are one of the easiest and most common ways to save on premiums. Finding cheap insurance rates in Bronx is easier when you take advantage of as many discounts as possible.
- Multi-politics: Bundling your auto insurance with the same carrier that offers your home, condo or tenant insurance often results in savings on both policies.
- Good student: For full-time high school or college students holding at least a B-Average, a good student discount can be an easy way to save.
- Paid in full: Paying a policy in one lump sum versus monthly or quarterly installments is another way to save.
- Automatic payments: If you choose to have your rewards generated automatically, you will often receive a discount.
Each company offers different discounts, so reviewing options online or speaking with a representative may be the best way to discover savings opportunities.
frequently asked Questions
What is the best car insurance?
The best insurance is different for everyone. Everyone has individual needs and desires when it comes to insurance. For example, one driver might be looking for a company with solid digital tools while another might want the lowest price. Knowing what you need from your insurance carrier and comparing quotes from different companies can help you find the right options for you.
How Much Does Car Insurance Cost In The Bronx?
The average cost of auto insurance in the Bronx is $ 2,502 per year for minimum coverage and $ 5,271 for full insurance. However, it is important to remember that tariffs are highly dependent on personal factors such as age, vehicle, annual mileage, driving history and the coverage you choose.
What is no-fault insurance?
“Flawless” refers to Personal Injury Protection (PIP). In the absence of fault, this coverage is designed to cover your injuries and other qualifying expenses following an accident, regardless of who was at fault. In contrast to the name, error still exists in error-free states. In the event of an accident, the culpable driver is still liable for the property damage caused by him.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:
- $ 100,000 personal injury liability per person
- $ 300,000 liability per accident
- $ 50,000 property damage liability per accident
- $ 100,000 personal injury to an uninsured driver per person
- $ 300,000 personal injury to an uninsured driver per accident
- $ 500 deductible in case of collision
- $ 500 deductible
In order to set the minimum coverage limits, Bankrate has used minimum coverage that meets the requirements of the individual states. Our example drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes can be different.