Brooklyn, New York, is notorious for having some of the highest car insurance rates in the country. In fact, the average cost of full coverage car insurance in Brooklyn in 2022 was a staggering $5,171 per year or $431 per month. Even minimum coverage came with an average price tag of $2,332 per year or $194 per month. With such high rates, it’s no wonder that drivers in Brooklyn are constantly on the lookout for ways to save on their premiums.
Best Companies for Car Insurance in Brooklyn
If you’re a driver in Brooklyn seeking affordable car insurance, you’ll be pleased to know that there are several insurance companies offering competitive rates in the area. After analyzing average rates from 2022, customer satisfaction scores from J.D. Power, coverage options, and available discounts, we have identified the top three companies for car insurance in Brooklyn:
- Geico – Bankrate Score: 4.48
- J.D. Power score (New York region): 821/1,000
- Average annual premium for full coverage: $2,273
- Average annual premium for minimum coverage: $860
- USAA – Bankrate Score: 4.28
- J.D. Power score (New York region): 879/1,000*
- Average annual premium for full coverage: $2,982
Average annual premium for minimum coverage: $1,281
- *Note: USAA is not eligible for official ranking with J.D. Power due to eligibility requirements.
- State Farm – Bankrate Score: 4.38
- J.D. Power score (New York region): 826/1,000
- Average annual premium for full coverage: $3,070
- Average annual premium for minimum coverage: $1,653
Geico: Affordable Rates for High-Risk Drivers
Geico is a popular choice for New York drivers, especially those with a few marks on their driving record. This insurance carrier typically offers low average rates for high-risk drivers. Geico has been recognized as one of the best auto insurance companies overall by Bankrate, tying with Amica for the 2024 Bankrate Awards. It has also been named one of the best budget auto insurance companies and best for young drivers. While Geico may not have as many policy add-on features as some of its competitors, its competitive rates in Brooklyn and a wide range of potential discounts make it an attractive option for drivers looking to save on their premiums.
Pros of Geico:
- High financial strength rating from AM Best
- Numerous discounts available
Cons of Geico:
- Limited policy add-on features
- Does not offer gap insurance
USAA: Excellent Customer Satisfaction for Military Members
USAA is a top choice for current military members, veterans, and qualifying family members. While eligibility requirements must be met to become a USAA member, the company offers policy coverage options and discounts specifically tailored to military families. USAA consistently receives high customer satisfaction ratings from J.D. Power’s U.S. Auto Insurance Study, although it is not officially ranked due to its eligibility restrictions.
Pros of USAA:
- Consistently high customer satisfaction ratings from J.D. Power
- Numerous discounts available
Cons of USAA:
- Must meet membership requirements
- No local agents available for in-person policy management
State Farm: Customizable Policies and Local Agents
State Farm is the largest car insurance company in the U.S. in terms of market share. It provides a wide range of policy customization options and the availability of local agents, making it an appealing choice for many drivers. State Farm offers potential endorsements such as roadside assistance, rideshare coverage, and rental car reimbursement. The company holds a superior financial strength rating from AM Best, indicating its reliability. However, it’s worth noting that State Farm does not offer coverage in Massachusetts or Rhode Island, which could be a drawback for East Coast drivers who frequently move around.
Pros of State Farm:
- Local agents available for in-person service
- Robust website and mobile app for policy management
Cons of State Farm:
- Gap insurance not available
- Average rates may not be as competitive as other carriers in Brooklyn
How to Get Cheap Car Insurance in Brooklyn
Finding affordable car insurance in Brooklyn can be challenging due to the high average rates in the area. However, there are several strategies you can employ to save on your premiums. Consider the following tips:
- Shop around: Obtain quotes from multiple insurance carriers to compare rates accurately. Ensure that each quote request is for the same coverage types and limits to make a fair comparison.
- Enroll in a telematics program: Some insurance providers offer telematics or usage-based insurance programs. These programs use a device or mobile app to track your driving behavior. By enrolling and demonstrating safe driving habits, you may qualify for discounts on your premium.
- Look for discount opportunities: Most insurance companies offer various discounts that can lower your monthly premium. These discounts may include bundling insurance products, good driving habits, enrolling in autopay, paying your premium in advance, and more. Contact your insurance provider to see what discounts you may be eligible for.
- Maintain a clean driving record: Keeping a clean driving record is one of the most effective ways to keep your insurance premiums low. The longer you go without accidents, traffic infractions, or other incidents, the less risk you pose to an insurer. Some telematics programs even offer discounts for good driving habits.
Frequently Asked Questions
How do I find the best car insurance company in Brooklyn, NY?
Finding the best car insurance company in Brooklyn depends on your priorities. Consider factors such as customer service ratings, financial stability, digital tools, coverage options, and discount opportunities. Narrow down your list of potential carriers based on your priorities and compare quotes from companies that meet your criteria.
Who offers the cheapest car insurance in Brooklyn?
The cheapest car insurance company in Brooklyn varies from driver to driver. Insurance providers consider individual factors such as age, vehicle type, ZIP code, and credit history when calculating rates. Referencing Bankrate’s list of cheapest companies in New York can be a helpful starting point, but keep in mind that your rates may differ.
Why are car insurance rates in Brooklyn so high?
Several factors contribute to the high car insurance rates in Brooklyn. New York has a high population density, increasing the likelihood of accidents and other risk factors. The state also has relatively high minimum coverage requirements, which can raise the cost of insurance. Additionally, the high cost of living in New York can drive up labor costs for auto repairs, impacting insurance rates.
What are the minimum car insurance requirements in Brooklyn?
In Brooklyn, drivers must carry a minimum of 25/50/10 in liability insurance coverage and uninsured motorist coverage, along with $50,000 in personal injury protection (PIP) to comply with New York insurance laws. It’s worth considering higher liability limits and additional coverage types like collision and comprehensive insurance for more comprehensive financial protection.
Conclusion
While car insurance rates in Brooklyn, NY, may be higher than average, there are options available to help you find affordable coverage. Companies like Geico, USAA, and State Farm offer competitive rates in the area, along with various coverage options and discounts. By shopping around, enrolling in telematics programs, and taking advantage of available discounts, you can save on your car insurance premiums. Remember to maintain a clean driving record and consider your coverage needs when choosing a car insurance company in Brooklyn.