Who Has the Cheapest Car Insurance Quotes in Albany, NY?
Progressive has the cheapest full-coverage car insurance in Albany, at $66 per month.
Find Cheap Auto Insurance Quotes in Albany
Best cheap car insurance companies in Albany
To help you find the best cheap car insurance in Albany, NY, ValuePenguin gathered auto insurance quotes for the largest insurance companies in New York. Quotes for minimum coverage meet the New York state minimum requirements of $25,000 in bodily injury liability per person and $50,000 per accident, the same amount of uninsured motorist coverage, $10,000 in property damage coverage and $50,000 in personal injury protection (PIP). Full coverage policies include collision and comprehensive coverage, along with higher liability limits than state minimums.
We ranked the best car insurance companies in Albany based on customer service, coverage availability and cost for different drivers.
Cheapest car insurance in Albany: Progressive
Progressive has the best full coverage car insurance quotes in Albany, averaging $66 per month. That's 43% cheaper than the citywide average.
The average cost of full coverage car insurance in Albany is $117 per month.
Cheapest full coverage quotes in Albany
Company | Monthly rate | |
|---|---|---|
| Progressive | $66 |
| Erie | $85 |
| State Farm | $94 |
| Geico | $129 |
| Allstate | $171 |
| Travelers | $184 |
| USAA* | $88 |
*USAA is only available to current and former military members and their families.
Find Cheap Auto Insurance Quotes in Albany
Cheapest liability insurance quotes in Albany: Progressive
Progressive has the cheapest minimum coverage car insurance in Albany. A policy from Progressive costs $37 per month, which is 38% cheaper than the Albany city average.
The average cost of minimum liability car insurance in Albany is $59 per month.
Find Cheap Auto Insurance Quotes in Albany
Cheap car insurance quotes in Albany, NY
Company | Monthly rate | |
|---|---|---|
|
| Progressive | $37 |
|
| Erie | $43 |
|
| State Farm | $49 |
|
| Geico | $56 |
|
| Allstate | $93 |
*USAA is only available to current and former military members and their families.
Cheapest quotes for teen drivers in Albany: Geico
Geico has the cheapest car insurance quotes in Albany, NY, for young drivers.
A minimum coverage policy from Geico costs around $89 per month for an 18-year-old driver. That's 47% cheaper than what the average teen pays for liability insurance in Albany. Geico also has the cheapest full coverage rates, averaging $201 per month, which is 40% cheaper than average.
Monthly car insurance quotes for teens in Albany, NY
Company | Liability only | Full coverage |
|---|---|---|
| Geico | $89 | $201 |
| Progressive | $120 | $204 |
| Erie | $168 | $299 |
| State Farm | $164 | $318 |
| Travelers | $243 | $483 |
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, making them more likely to be in an accident.
Young drivers looking to lower their insurance costs should:
- Consider sharing a parent's car insurance policy. This will raise the cost of your parent's insurance, but it will be cheaper overall than two policies.
- Look 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.
Cheapest car insurance after a speeding ticket in Albany: Progressive
Progressive has the cheapest car insurance quotes for drivers in Albany with a speeding ticket on their records. A full coverage policy from Progressive costs $68 per month for a driver with one speeding ticket, which is half as much as the average Albany driver pays for coverage.
Cheapest car insurance after a speeding ticket
Company | Monthly rate |
|---|---|
| Progressive | $68 |
| State Farm | $104 |
| Erie | $106 |
| Geico | $166 |
| Travelers | $211 |
On average, a speeding ticket raises car insurance rates in Albany by 18%, or $21 per month.
Cheapest car insurance after an accident: Erie
Erie has the most affordable rates in Albany after an at-fault accident, with an average of $85 per month for a full coverage policy. That's 46% cheaper than the citywide average, which is $157 per month.
Cheapest car insurance after an accident in Albany
Company | Monthly rate |
|---|---|
| Erie | $85 |
| Progressive | $106 |
| State Farm | $113 |
| Allstate | $231 |
| Travelers | $234 |
On average, an accident in Albany increases full coverage rates by $41 per month, which comes out to 35%.
However, not all insurance companies treat an at-fault accident the same way. For example, Erie typically doesn't raise rates after a single at-fault accident, while Geico customers can expect to see rates go up by around 83%.
That's why it's especially important for drivers to shop around for the cheapest quotes after a traffic violation.
Cheapest car insurance in Albany, NY after a DUI: Progressive
Progressive has the cheapest full coverage quotes for Albany drivers with a DUI conviction, with an average of $69 per month — only $3 more per month than the rate for a driver with a clean record.
Cheapest car insurance after a DUI
Company | Monthly rate |
|---|---|
| Progressive | $69 |
| State Farm | $104 |
| Erie | $145 |
| Travelers | $231 |
| Allstate | $242 |
Albany drivers pay on average 65% more for full coverage after a DUI. That comes out to $76 more per month. In addition, drivers in New York may have to get SR-22 insurance after a DUI, which could make insurance even more expensive.
Cheapest quotes for young drivers with traffic violations: Geico
Geico has the most affordable rates for Albany teens with incidents on their driving records.
Minimum coverage from Geico costs $103 per month for an 18-year-old driver with a single speeding ticket on their record, which is 47% cheaper than the Albany average. Teen drivers with an at-fault accident pay around $132 per month for minimum coverage from Geico — 36% cheaper than average.
Monthly minimum-coverage quotes for teen drivers after an incident
Company | Speeding | Accident |
|---|---|---|
| Geico | $103 | $132 |
| Progressive | $120 | $137 |
| State Farm | $182 | $200 |
| Erie | $204 | $168 |
| Travelers | $289 | $324 |
Young drivers in Albany pay an average of 15% more for car insurance after a single speeding ticket and 7% more after an accident. That's because insurance companies believe drivers with traffic violations are more likely to cause an accident in the future, which makes them more expensive to insure.
However, since teens already pay more for insurance than adults, car insurance rates don't increase as much after a violation.
Cheapest car insurance for married drivers: Progressive
Progressive has the cheapest full coverage quotes for married drivers in Albany, averaging $52 per month for a single vehicle. That's 21% less than the company charges unmarried drivers, and 54% cheaper than the Albany average.
Cheapest car insurance for married Albany drivers
Company | Monthly rate |
|---|---|
| Progressive | $52 |
| Erie | $74 |
| State Farm | $94 |
| Geico | $130 |
| Allstate | $180 |
Married drivers in Albany pay an average of 3% less for car insurance than unmarried drivers. That's because they're less likely to be in an accident, which makes them cheaper for insurance companies to cover.
Best car insurance in Albany
Erie is the best car insurance company in Albany, based on its highly rated customer service and affordable rates.
Customers are generally happy with the service they receive from Erie. It earned an excellent score on J.D. Power's claims satisfaction survey, which means that drivers insured with Erie can count on the company to get them back on the road quickly after an accident.
Best insurance companies in Albany, NY
Company |
Editor's rating
|
|---|---|
| Erie | |
| State Farm | |
| USAA | |
| Geico | |
| Travelers |
Average car insurance quotes in Albany, by ZIP code
The cheapest car insurance rates in Albany can be found in the 12205 ZIP code, which includes Colonie and Roessleville.
Drivers that live near the city center in the 12210 ZIP code pay the most expensive rates in the city.
The difference between the cheapest and most expensive ZIP code for full coverage in the city is only $6 per month. 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 code | Monthly cost | % from average |
|---|---|---|
| 12202 | $119 | 2% |
| 12203 | $115 | -1% |
| 12204 | $118 | 1% |
| 12205 | $114 | -2% |
| 12206 | $120 | 2% |
What's the best car insurance coverage in Albany, NY?
Drivers in Albany pay less for car insurance than the average New York resident. Minimum coverage rates in Albany are 23% cheaper than the New York state average of $77 per month.
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.
In addition, minimum coverage doesn't include any protection for your own car, which means you'll have to pay for any repairs yourself if you cause an accident.
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."
Frequently asked questions
How much does car insurance cost in Albany, NY?
The average cost of minimum coverage car insurance in Albany is $59 per month. A full coverage policy costs an average of $117 per month and includes comprehensive and collision coverage, along with higher liability limits than the state requirements.
Who has the cheapest car insurance in Albany, NY?
Progressive has the cheapest car insurance quotes in Albany. A minimum coverage policy from Progressive costs around $37 per month, while full coverage from Progressive costs $66 per month, on average. That's between 38% and 43% cheaper than the average cost of insurance in Albany.
Is car insurance cheaper in Albany, NY?
At $59 per month, minimum coverage car insurance in Albany costs 23% less than the average rate across the state of New York, which is $77. 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 in New York state. Rates are for a 30-year-old man with a 2015 Honda Civic EX who has a clean driving record. The state of New York does not allow credit ratings to be factored into insurance rates.
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.