NYCM Insurance

Editor's Rating

Auto insurance from New York Central Mutual Insurance Company (NYCM) is a strong option for drivers who qualify for many of the company's available discounts. The insurer states that customers can take a maximum of 55% off of the cost of auto insurance by qualifying for discounts. However, for those who aren't eligible for discounts, NYCM's auto coverage is more expensive than that of its competitors.

For those who can't get NYCM car insurance for a cheap premium, the company's coverage options won't make it particularly enticing, either. Besides the forms of coverage that lawmakers require, NYCM's offerings are sparse. However, its highly rated customer service may make it worth the cost for shoppers who prioritize more than price.

The home insurance available with NYCM is a great option for many homeowners. It was the most affordable insurance provider for most people, according to our analysis. Additionally, policyholders can save money on the cost of coverage by qualifying for discounts. While NYCM home insurance doesn't have many extra features, the insurer does offer some useful ways to strengthen regular policies.

Good for
  • Saving money with auto and home insurance discounts
  • Getting highly rated customer service
  • Adding practical home insurance endorsements
Bad for
  • Maximizing auto insurance protection with a range of extra features
  • Finding the cheapest quotes for auto insurance without discounts

NYCM car insurance review

Find Cheap Auto Insurance Quotes in Your Area

Currently insured?
No spam. No hassle. No hidden costs.

NYCM Insurance coverages

NYCM doesn't offer a wide array of extra coverage features on top of a standard, legally required auto insurance policy.

The coverage that comes with a typical NYCM policy aligns with what's usually offered by other auto insurance companies. With NYCM, drivers can get all of the required forms of car insurance, such as bodily injury and property damage liability coverage, along with personal injury protection (PIP) — which is required by New York state.

This form of coverage pays for one's injuries regardless of who's at fault after an accident. Personal injury protection also reimburses temporarily lost wages to injured drivers. NYCM's extra income replacement add-on allows drivers to extend the eligibility period for reimbursements.

Additionally, policyholders can choose to add supplemental income replacement and roadside assistance. The roadside assistance that NYCM offers covers drivers up to 100 miles from their home address. NYCM's roadside assistance includes 24-hour towing services, along with fuel delivery, lock-out aid, tire changes and help with a car's dead battery.

{"backgroundColor":"white","content":"\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodePullquote--root\"\u003E\n \u003Cp class=\"ShortcodePullquote--text ShortcodePullquote--blue\"\u003E\n \nNYCM doesn't offer a wide array of extra coverage features on top of a standard, legally required auto insurance policy.\n\n \u003C\/p\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003EThe coverage that comes with a typical NYCM policy aligns with what's usually offered by other auto insurance companies. With NYCM, drivers can get all of the required forms of car insurance, such as bodily injury and property damage liability coverage, along with \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Personal Injury Protection\" href=\"https:\/\/www.valuepenguin.com\/personal-injury-protection-car-insurance\"\u003Epersonal injury protection (PIP)\u003C\/a\u003E\u003C\/span\u003E \u2014 which is required by New York state.\u003C\/p\u003E\n\n\u003Cp\u003EThis form of coverage pays for one's injuries regardless of who's at fault after an accident. Personal injury protection also reimburses temporarily lost wages to injured drivers. NYCM's extra income replacement add-on allows drivers to extend the eligibility period for reimbursements.\u003C\/p\u003E\n\n\u003Cp\u003EAdditionally, policyholders can choose to add \u003Cstrong\u003Esupplemental income replacement\u003C\/strong\u003E and \u003Cstrong\u003Eroadside assistance.\u003C\/strong\u003E The roadside assistance that NYCM offers covers drivers up to 100 miles from their home address. NYCM's roadside assistance includes 24-hour towing services, along with fuel delivery, lock-out aid, tire changes and help with a car's dead battery.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

Discounts available with NYCM

NYCM gives its auto insurance policyholders many chances to qualify for discounted rates. Shoppers can cut their rates by a maximum of 55%, though customers don't have to be eligible for every one of NYCM's discounts in order to meet this threshold. Moreover, many customers won't have a problem qualifying for more than one discount.

Drivers could save on their NYCM car insurance by:

  • Electing to pay their premiums electronically
  • Taking a driver safety training course
  • Having an insured child who's away at school
  • Owning a car with airbags or other safety features, like anti-lock brakes or anti-theft devices
  • Equipping a car with daytime running lights
  • Bundling an auto policy with another form of insurance
  • Owning a home
  • Paying their policies in full
  • Being over the age of 65
  • Maintaining a B grade point average
  • Having a clean insurance history

Quotes for NYCM Insurance

For drivers who don't qualify for any of the insurer's discounts, NYCM car insurance is more expensive than average.

We found that the cost of NYCM car insurance was higher than average for both minimum and full coverage in New York. Additionally, for drivers with one accident on their record, the insurer was among the most expensive providers. For minimum coverage in New York, NYCM was 31% more expensive than average, while for full coverage its rates were close to 40% higher than the Empire State's mean.

Drivers who do qualify for NYCM's discounts may be able to reduce the price of coverage drastically. However, Geico and State Farm are typically far cheaper than the insurer on average, meaning even those who significantly lower their rates may not be incentivized to choose NYCM for coverage.

A bar graph showing the average costs of NYCM car insurance
A bar graph showing the average costs of NYCM car insurance

Find Cheap Auto Insurance Quotes in Your Area

Currently insured?
No spam. No hassle. No hidden costs.
Insurance provider
Minimum
Full coverage
One accident
Geico$412$871$1,584
State Farm$545$984$1,180
Allstate$731$1,344$1,825
NYCM$796$1,716$1,914
Travelers$971$1,936$2,494
{"backgroundColor":"white","content":"\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodePullquote--root\"\u003E\n \u003Cp class=\"ShortcodePullquote--text ShortcodePullquote--blue\"\u003E\n \nFor drivers who don't qualify for any of the insurer's discounts, NYCM car insurance is more expensive than average.\n\n \u003C\/p\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003EWe found that the cost of NYCM car insurance was higher than average for both minimum and full coverage in \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Cheapest Auto Insurance in New York\" href=\"https:\/\/www.valuepenguin.com\/best-cheap-car-insurance-new-york\"\u003ENew York\u003C\/a\u003E\u003C\/span\u003E. Additionally, for drivers with one accident on their record, the insurer was among the most expensive providers. For minimum coverage in New York, NYCM was \u003Cstrong\u003E31%\u003C\/strong\u003E more expensive than average, while for full coverage its rates were close to 40% higher than the Empire State's mean.\u003C\/p\u003E\n\n\u003Cp\u003EDrivers who do qualify for NYCM's discounts may be able to reduce the price of coverage drastically. However, Geico and State Farm are typically far cheaper than the insurer on average, meaning even those who significantly lower their rates may not be incentivized to choose NYCM for coverage.\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeVisibility--show-large\"\u003E\n\u003Cdiv class=\"ShortcodeImage--root \" \u003E\n \u003Cdiv class=\"ShortcodeImage--image-container \"\u003E\n \u003Cimg alt=\"A bar graph showing the average costs of NYCM car insurance\" class=\"ShortcodeImage--image lazyload\" data-src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-car_x7c8bb\" src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,e_blur:1000,f_auto,h_1600,q_1,w_1600\/v1\/nycm-car_x7c8bb\" data-srcset=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-car_x7c8bb 1x, http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-car_x7c8bb 2x\"\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"ShortcodeVisibility--show-small\"\u003E\n\u003Cdiv class=\"ShortcodeImage--root \" \u003E\n \u003Cdiv class=\"ShortcodeImage--image-container \"\u003E\n \u003Cimg alt=\"A bar graph showing the average costs of NYCM car insurance\" class=\"ShortcodeImage--image lazyload\" data-src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-car-m_dllyzg\" src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,e_blur:1000,f_auto,h_1600,q_1,w_1600\/v1\/nycm-car-m_dllyzg\" data-srcset=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-car-m_dllyzg 1x, http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-car-m_dllyzg 2x\"\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ReactComponent--root\"\u003E\n \u003Cdiv class=\"js-react-component-rendered js-react-component-QuoteWizardQuoteForm\" data-component-name=\"QuoteWizardQuoteForm\"\u003E\n \u003Cdiv class=\"QuoteWizardQuoteForm--root\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--form-container\"\u003E\u003Ch3 class=\"QuoteWizardQuoteForm--title\"\u003EFind Cheap Auto Insurance Quotes in Your Area\u003C\/h3\u003E\u003Cform id=\"QuoteWizardQuoteForm--827\" class=\"QuoteWizardQuoteForm--form\" method=\"GET\" action=\"https:\/\/quotes.valuepenguin.com\" target=\"_blank\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--hidden\"\u003E\u003Cinput type=\"hidden\" name=\"c\" value=\"C20049\"\/\u003E\u003Cinput type=\"hidden\" name=\"product\" value=\"auto\"\/\u003E\u003Cinput type=\"hidden\" name=\"key\" value=\"_nycm-insurance-reviews\"\/\u003E\u003Cinput type=\"hidden\" name=\"v\" value=\"vp\"\/\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--fields\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--product\"\u003E\u003Cdiv class=\"InputDropdown--root \"\u003E\u003Cdiv class=\"InputDropdown--field\"\u003E\u003Cselect aria-label=\"Select\" class=\"InputDropdown--select\" name=\"\"\u003E\u003Coption selected=\"\" value=\"auto\"\u003EAutomotive\u003C\/option\u003E\u003Coption value=\"home\"\u003EHomeowners\u003C\/option\u003E\u003Coption value=\"life\"\u003ELife\u003C\/option\u003E\u003Coption value=\"motorcycle\"\u003EMotorcycle\u003C\/option\u003E\u003Coption value=\"renters\"\u003ERenters\u003C\/option\u003E\u003Coption value=\"health\"\u003EHealth\u003C\/option\u003E\u003C\/select\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--zip-code\"\u003E\u003Cdiv class=\"ZipCodeInput--root \"\u003E\u003Cdiv class=\"TextInput--root TextInput--required ZipCodeInput--input\"\u003E\u003Cdiv class=\"TextInput--field TextInput--none TextInput--field-container\"\u003E\u003Cinput type=\"tel\" aria-label=\"zip\" class=\"TextInput--input\" name=\"zip\" placeholder=\"Zip Code\" required=\"\" style=\"width:100%\" tabindex=\"0\" value=\"\"\/\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--age\"\u003E\u003Cdiv class=\"InputDropdown--root \"\u003E\u003Cdiv class=\"InputDropdown--field\"\u003E\u003Cselect aria-label=\"age\" class=\"InputDropdown--select\" name=\"age\"\u003E\u003Coption selected=\"\" value=\"age\"\u003EAge\u003C\/option\u003E\u003Coption value=\"16\"\u003E16-20\u003C\/option\u003E\u003Coption value=\"21\"\u003E21-24\u003C\/option\u003E\u003Coption value=\"25\"\u003E25-34\u003C\/option\u003E\u003Coption value=\"35\"\u003E35-44\u003C\/option\u003E\u003Coption value=\"45\"\u003E45-54\u003C\/option\u003E\u003Coption value=\"55\"\u003E55-65\u003C\/option\u003E\u003Coption value=\"66\"\u003E65+\u003C\/option\u003E\u003C\/select\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--insured-status\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--insured-status-title\"\u003ECurrently insured?\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--insured-status-field\"\u003E\u003Cdiv class=\"InputDropdown--root \"\u003E\u003Cdiv class=\"InputDropdown--field\"\u003E\u003Cselect aria-label=\"prior\" class=\"InputDropdown--select\" name=\"prior\"\u003E\u003Coption selected=\"\" value=\"1\"\u003EYes\u003C\/option\u003E\u003Coption value=\"0\"\u003ENo\u003C\/option\u003E\u003C\/select\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--submit\"\u003E\u003Cbutton aria-label=\"Get Quotes\" class=\"Button--root Button--primary \" type=\"submit\" value=\"Get Quotes\"\u003EGet Quotes\u003C\/button\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/form\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--trust-message-container\"\u003E\u003Cspan class=\"QuoteWizardQuoteForm--trust-icon ValuePenguinIcon--inspolicy\"\u003E\u003C\/span\u003E\u003Cspan class=\"QuoteWizardQuoteForm--trust-message\"\u003ENo spam. No hassle. No hidden costs.\u003C\/span\u003E\u003C\/div\u003E\u003C\/div\u003E\n \u003C\/div\u003E\n\n \u003Cscript type=\"application\/json\" class=\"js-react-component\" data-component-name=\"QuoteWizardQuoteForm\"\u003E{\"buttonText\":\"Get Quotes\",\"customEventLabel\":\"\",\"defaultProduct\":\"auto\",\"defaultZip\":\"\",\"hideTitle\":false,\"id\":\"QuoteWizardQuoteForm--827\",\"isAgeFieldVisible\":true,\"isDeltyForm\":false,\"isInsuranceTypeFieldVisible\":true,\"isInsuredStatusFieldVisible\":true,\"quoteWizardEndpoint\":\"https:\\\/\\\/quotes.valuepenguin.com\",\"showTrustMessage\":\"true\",\"style\":\"\",\"tier\":\"default\",\"title\":\"Find Cheap Auto Insurance Quotes in Your Area\",\"trackingKey\":\"_nycm-insurance-reviews\",\"trustMessage\":\"No spam. No hassle. No hidden costs.\",\"vendor\":\"vp\"}\u003C\/script\u003E\n\n\u003C\/div\u003E\n\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ReactComponent--root\"\u003E\n \u003Cdiv class=\"js-react-component-rendered js-react-component-SortableTable\" data-component-name=\"SortableTable\"\u003E\n \u003Cdiv class=\"StyledRootWrapper-sc-3qeib4 jYHfZo\"\u003E\u003Cdiv class=\"StyledTableWrapper-sc-5nmmx9 fesmOM\"\u003E\u003Cdiv class=\"StyledTableOverflowWrapper-sc-hixhp9 gVbnK\"\u003E\u003Ctable class=\"StyledTable-sc-ujzn9t jVpJxq\"\u003E\u003Cthead class=\"StyledHeaderRow-sc-1m1b8dn cBFLrt\"\u003E\u003Ctr\u003E\u003Cth width=\"\" colSpan=\"1\" class=\"StyledHeaderCell-sc-nsptsd gkalnJ\"\u003E\u003Cdiv class=\"StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA\"\u003E\u003Cspan\u003EInsurance provider\u003C\/span\u003E\u003C\/div\u003E\u003C\/th\u003E\u003Cth width=\"\" colSpan=\"1\" class=\"StyledHeaderCell-sc-nsptsd gkalnJ\"\u003E\u003Cdiv class=\"StyledColumnHeaderWrapper-sc-12xyb2r glLrYA\"\u003E\u003Cspan\u003EMinimum\u003C\/span\u003E\u003C\/div\u003E\u003C\/th\u003E\u003Cth width=\"\" colSpan=\"1\" class=\"StyledHeaderCell-sc-nsptsd gkalnJ\"\u003E\u003Cdiv class=\"StyledColumnHeaderWrapper-sc-12xyb2r glLrYA\"\u003E\u003Cspan\u003EFull coverage\u003C\/span\u003E\u003C\/div\u003E\u003C\/th\u003E\u003Cth width=\"\" colSpan=\"1\" class=\"StyledHeaderCell-sc-nsptsd gkalnJ\"\u003E\u003Cdiv class=\"StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA\"\u003E\u003Cspan\u003EOne accident\u003C\/span\u003E\u003C\/div\u003E\u003C\/th\u003E\u003C\/tr\u003E\u003C\/thead\u003E\u003Ctbody class=\"StyledBody-sc-14y8oc0 dcdMVT\"\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EGeico\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$412\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$871\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003E$1,584\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EState Farm\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$545\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$984\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003E$1,180\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EAllstate\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$731\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,344\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003E$1,825\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003ENYCM\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$796\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,716\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003E$1,914\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003ETravelers\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$971\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,936\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003E$2,494\u003C\/td\u003E\u003C\/tr\u003E\u003C\/tbody\u003E\u003C\/table\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\n \u003C\/div\u003E\n\n \u003Cscript type=\"application\/json\" class=\"js-react-component\" data-component-name=\"SortableTable\"\u003E{\"alignsHorizontal\":[\"left\",\"right\",\"right\"],\"alignsVertical\":[],\"columnWidths\":[],\"data\":[[\"Insurance provider\",\"Minimum\",\"Full coverage\",\"One accident\"],[\"Geico\",\"$412\",\"$871\",\"$1,584\"],[\"State Farm\",\"$545\",\"$984\",\"$1,180\"],[\"Allstate\",\"$731\",\"$1,344\",\"$1,825\"],[\"NYCM\",\"$796\",\"$1,716\",\"$1,914\"],[\"Travelers\",\"$971\",\"$1,936\",\"$2,494\"]],\"footnote\":\"\",\"hasMarginBottom\":true,\"isExpandable\":true,\"isSortable\":false,\"maxWidth\":\"1215\",\"minWidth\":\"100%\",\"showSearch\":false,\"sortColumnIndex\":0,\"sortDirection\":\"asc\"}\u003C\/script\u003E\n\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

NYCM home insurance review

Find Cheap Homeowners Insurance Quotes in Your Area

Currently insured?
No spam. No hassle. No hidden costs.

NYCM home insurance coverage

There are few additional forms of coverage available with NYCM, but the options that it does offer are practical supplements to a standard insurance policy.

NYCM offers the same conventional forms of coverage — dwelling, liability, loss of use — that its competitors do. While the company only offers a couple of types of additional coverage, the insurer's extra features are practical additions for most homeowners.

Policyholders have the choice of adding utility line coverage, which pays for repairing or replacing underground piping or wiring. This includes water or sewage lines, along with electrical power hookups and communications connections. Additionally, NYCM provides extra protection for appliances, which is not typically included in regular home insurance policies. This endorsement can repair damage to entertainment systems, kitchen and laundry appliances, computers and more.

{"backgroundColor":"white","content":"\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodePullquote--root\"\u003E\n \u003Cp class=\"ShortcodePullquote--text ShortcodePullquote--blue\"\u003E\n \nThere are few additional forms of coverage available with NYCM, but the options that it does offer are practical supplements to a standard insurance policy.\n\n \u003C\/p\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003ENYCM offers the same \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"What Does Homeowners Insurance Cover?\" href=\"https:\/\/www.valuepenguin.com\/homeowners-insurance-coverage\"\u003Econventional forms of coverage\u003C\/a\u003E\u003C\/span\u003E \u2014 dwelling, liability, loss of use \u2014 that its competitors do. While the company only offers a couple of types of additional coverage, the insurer's extra features are practical additions for most homeowners.\u003C\/p\u003E\n\n\u003Cp\u003EPolicyholders have the choice of adding utility line coverage, which pays for repairing or replacing underground piping or wiring. This includes water or sewage lines, along with electrical power hookups and communications connections. Additionally, NYCM provides extra protection for appliances, which is not typically included in regular home insurance policies. This endorsement can repair damage to entertainment systems, kitchen and laundry appliances, computers and more.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

Discounts available with NYCM homeowners insurance

NYCM gives its policyholders a few ways to save money on their home insurance. Property owners could save money by:

  • Carrying multiple forms of insurance with NYCM
  • Purchasing a home within the last 12 months
  • Working from home
  • Being retired
  • Replacing the home's roof or heating system
  • Remaining claim-free
  • Owning a certified-green home
  • Living in a gated community
  • Installing protective devices throughout the home

NYCM homeowners insurance quotes

Unlike its car insurance, NYCM's home coverage was the most affordable option for most people. We found that shoppers could find coverage that was 37% cheaper than the average cost of homeowners insurance in New York. For those who qualify for any of the company's discounts, NYCM could be a great bargain.

A bar graph showing the average costs of NYCM home insurance
A bar graph showing the average costs of NYCM home insurance

Find Cheap Homeowners Insurance Quotes in Your Area

Currently insured?
No spam. No hassle. No hidden costs.
Insurance provider
Annual rate
NYCM Insurance$610
Chubb$752
Travelers$893
Allstate$1,057
Nationwide$1,180
MetLife$1,449
State Farm$1,580
{"backgroundColor":"white","content":"\u003C\/p\u003E\n\n\u003Cp\u003EUnlike its car insurance, NYCM's home coverage was the most affordable option for most people. We found that shoppers could find coverage that was 37% cheaper than the \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Best Cheap Homeowners Insurance in New York\" href=\"https:\/\/www.valuepenguin.com\/best-cheap-homeowners-insurance-new-york\"\u003Eaverage cost of homeowners insurance in New York\u003C\/a\u003E\u003C\/span\u003E. For those who qualify for any of the company's discounts, NYCM could be a great bargain.\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeVisibility--show-large\"\u003E\n\u003Cdiv class=\"ShortcodeImage--root \" \u003E\n \u003Cdiv class=\"ShortcodeImage--image-container \"\u003E\n \u003Cimg alt=\"A bar graph showing the average costs of NYCM home insurance\" class=\"ShortcodeImage--image lazyload\" data-src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-home-nonm_pzvoke.jpg\" src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,e_blur:1000,f_auto,h_1600,q_1,w_1600\/v1\/nycm-home-nonm_pzvoke.jpg\" data-srcset=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-home-nonm_pzvoke.jpg 1x, http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-home-nonm_pzvoke.jpg 2x\"\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"ShortcodeVisibility--show-small\"\u003E\n\u003Cdiv class=\"ShortcodeImage--root \" \u003E\n \u003Cdiv class=\"ShortcodeImage--image-container \"\u003E\n \u003Cimg alt=\"A bar graph showing the average costs of NYCM home insurance\" class=\"ShortcodeImage--image lazyload\" data-src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-home_iqpr5f.jpg\" src=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,e_blur:1000,f_auto,h_1600,q_1,w_1600\/v1\/nycm-home_iqpr5f.jpg\" data-srcset=\"http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-home_iqpr5f.jpg 1x, http:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_limit,dpr_2.0,f_auto,h_1600,q_auto,w_1600\/v1\/nycm-home_iqpr5f.jpg 2x\"\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ReactComponent--root\"\u003E\n \u003Cdiv class=\"js-react-component-rendered js-react-component-QuoteWizardQuoteForm\" data-component-name=\"QuoteWizardQuoteForm\"\u003E\n \u003Cdiv class=\"QuoteWizardQuoteForm--root\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--form-container\"\u003E\u003Ch3 class=\"QuoteWizardQuoteForm--title\"\u003EFind Cheap Homeowners Insurance Quotes in Your Area\u003C\/h3\u003E\u003Cform id=\"QuoteWizardQuoteForm--937\" class=\"QuoteWizardQuoteForm--form\" method=\"GET\" action=\"https:\/\/quotes.valuepenguin.com\" target=\"_blank\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--hidden\"\u003E\u003Cinput type=\"hidden\" name=\"c\" value=\"C20050\"\/\u003E\u003Cinput type=\"hidden\" name=\"product\" value=\"home\"\/\u003E\u003Cinput type=\"hidden\" name=\"key\" value=\"_nycm-insurance-reviews\"\/\u003E\u003Cinput type=\"hidden\" name=\"v\" value=\"vp\"\/\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--fields\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--product\"\u003E\u003Cdiv class=\"InputDropdown--root \"\u003E\u003Cdiv class=\"InputDropdown--field\"\u003E\u003Cselect aria-label=\"Select\" class=\"InputDropdown--select\" name=\"\"\u003E\u003Coption value=\"auto\"\u003EAutomotive\u003C\/option\u003E\u003Coption selected=\"\" value=\"home\"\u003EHomeowners\u003C\/option\u003E\u003Coption value=\"life\"\u003ELife\u003C\/option\u003E\u003Coption value=\"motorcycle\"\u003EMotorcycle\u003C\/option\u003E\u003Coption value=\"renters\"\u003ERenters\u003C\/option\u003E\u003Coption value=\"health\"\u003EHealth\u003C\/option\u003E\u003C\/select\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--zip-code\"\u003E\u003Cdiv class=\"ZipCodeInput--root \"\u003E\u003Cdiv class=\"TextInput--root TextInput--required ZipCodeInput--input\"\u003E\u003Cdiv class=\"TextInput--field TextInput--none TextInput--field-container\"\u003E\u003Cinput type=\"tel\" aria-label=\"zip\" class=\"TextInput--input\" name=\"zip\" placeholder=\"Zip Code\" required=\"\" style=\"width:100%\" tabindex=\"0\" value=\"\"\/\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--age\"\u003E\u003Cdiv class=\"InputDropdown--root \"\u003E\u003Cdiv class=\"InputDropdown--field\"\u003E\u003Cselect aria-label=\"age\" class=\"InputDropdown--select\" name=\"age\"\u003E\u003Coption selected=\"\" value=\"age\"\u003EAge\u003C\/option\u003E\u003Coption value=\"16\"\u003E16-20\u003C\/option\u003E\u003Coption value=\"21\"\u003E21-24\u003C\/option\u003E\u003Coption value=\"25\"\u003E25-34\u003C\/option\u003E\u003Coption value=\"35\"\u003E35-44\u003C\/option\u003E\u003Coption value=\"45\"\u003E45-54\u003C\/option\u003E\u003Coption value=\"55\"\u003E55-65\u003C\/option\u003E\u003Coption value=\"66\"\u003E65+\u003C\/option\u003E\u003C\/select\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--insured-status\"\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--insured-status-title\"\u003ECurrently insured?\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--insured-status-field\"\u003E\u003Cdiv class=\"InputDropdown--root \"\u003E\u003Cdiv class=\"InputDropdown--field\"\u003E\u003Cselect aria-label=\"prior\" class=\"InputDropdown--select\" name=\"prior\"\u003E\u003Coption selected=\"\" value=\"1\"\u003EYes\u003C\/option\u003E\u003Coption value=\"0\"\u003ENo\u003C\/option\u003E\u003C\/select\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--submit\"\u003E\u003Cbutton aria-label=\"Get Quotes\" class=\"Button--root Button--primary \" type=\"submit\" value=\"Get Quotes\"\u003EGet Quotes\u003C\/button\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/form\u003E\u003C\/div\u003E\u003Cdiv class=\"QuoteWizardQuoteForm--trust-message-container\"\u003E\u003Cspan class=\"QuoteWizardQuoteForm--trust-icon ValuePenguinIcon--inspolicy\"\u003E\u003C\/span\u003E\u003Cspan class=\"QuoteWizardQuoteForm--trust-message\"\u003ENo spam. No hassle. No hidden costs.\u003C\/span\u003E\u003C\/div\u003E\u003C\/div\u003E\n \u003C\/div\u003E\n\n \u003Cscript type=\"application\/json\" class=\"js-react-component\" data-component-name=\"QuoteWizardQuoteForm\"\u003E{\"buttonText\":\"Get Quotes\",\"customEventLabel\":\"\",\"defaultProduct\":\"home\",\"defaultZip\":\"\",\"hideTitle\":false,\"id\":\"QuoteWizardQuoteForm--937\",\"isAgeFieldVisible\":true,\"isDeltyForm\":false,\"isInsuranceTypeFieldVisible\":true,\"isInsuredStatusFieldVisible\":true,\"quoteWizardEndpoint\":\"https:\\\/\\\/quotes.valuepenguin.com\",\"showTrustMessage\":\"true\",\"style\":\"\",\"tier\":\"default\",\"title\":\"Find Cheap Homeowners Insurance Quotes in Your Area\",\"trackingKey\":\"_nycm-insurance-reviews\",\"trustMessage\":\"No spam. No hassle. No hidden costs.\",\"vendor\":\"vp\"}\u003C\/script\u003E\n\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ReactComponent--root\"\u003E\n \u003Cdiv class=\"js-react-component-rendered js-react-component-SortableTable\" data-component-name=\"SortableTable\"\u003E\n \u003Cdiv class=\"StyledRootWrapper-sc-3qeib4 jYHfZo\"\u003E\u003Cdiv class=\"StyledTableWrapper-sc-5nmmx9 fesmOM\"\u003E\u003Cdiv class=\"StyledTableOverflowWrapper-sc-hixhp9 gVbnK\"\u003E\u003Ctable class=\"StyledTable-sc-ujzn9t jVpJxq\"\u003E\u003Cthead class=\"StyledHeaderRow-sc-1m1b8dn cBFLrt\"\u003E\u003Ctr\u003E\u003Cth width=\"\" colSpan=\"1\" class=\"StyledHeaderCell-sc-nsptsd gkalnJ\"\u003E\u003Cdiv class=\"StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA\"\u003E\u003Cspan\u003EInsurance provider\u003C\/span\u003E\u003C\/div\u003E\u003C\/th\u003E\u003Cth width=\"\" colSpan=\"1\" class=\"StyledHeaderCell-sc-nsptsd gkalnJ\"\u003E\u003Cdiv class=\"StyledColumnHeaderWrapper-sc-12xyb2r glLrYA\"\u003E\u003Cspan\u003EAnnual rate\u003C\/span\u003E\u003C\/div\u003E\u003C\/th\u003E\u003C\/tr\u003E\u003C\/thead\u003E\u003Ctbody class=\"StyledBody-sc-14y8oc0 dcdMVT\"\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003ENYCM Insurance\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$610\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EChubb\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$752\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003ETravelers\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$893\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EAllstate\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,057\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003ENationwide\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,180\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EMetLife\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,449\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee XfhRD\"\u003EState Farm\u003C\/td\u003E\u003Ctd colSpan=\"1\" rowspan=\"1\" width=\"\" class=\"StyledBodyCell-sc-5cu9ee frAYUA\"\u003E$1,580\u003C\/td\u003E\u003C\/tr\u003E\u003C\/tbody\u003E\u003C\/table\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E\n \u003C\/div\u003E\n\n \u003Cscript type=\"application\/json\" class=\"js-react-component\" data-component-name=\"SortableTable\"\u003E{\"alignsHorizontal\":[\"left\",\"right\",\"right\"],\"alignsVertical\":[],\"columnWidths\":[],\"data\":[[\"Insurance provider\",\"Annual rate\"],[\"NYCM Insurance\",\"$610\"],[\"Chubb\",\"$752\"],[\"Travelers\",\"$893\"],[\"Allstate\",\"$1,057\"],[\"Nationwide\",\"$1,180\"],[\"MetLife\",\"$1,449\"],[\"State Farm\",\"$1,580\"]],\"footnote\":\"\",\"hasMarginBottom\":true,\"isExpandable\":true,\"isSortable\":false,\"maxWidth\":\"1215\",\"minWidth\":\"100%\",\"showSearch\":false,\"sortColumnIndex\":0,\"sortDirection\":\"asc\"}\u003C\/script\u003E\n\n\u003C\/div\u003E\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}

NYCM Insurance reviews

For its home and auto insurance, NYCM has a solid reputation for customer service.

According to the National Association of Insurance Commissioners (NAIC), NYCM receives far fewer complaints than the median insurer for both its auto and home products. NYCM car insurance receives about one-fifth of the complaints expected, while the insurer's home coverage only receives about 6%.

J.D. Power also rated the company well compared to competitors. In the New York market, NYCM placed third among 10 other providers of car insurance. Moreover, the insurer was one of four providers to be ranked above the statewide average for satisfaction. Only State Farm and Geico performed better in the survey.

Measurement
Result
Complaint Index - auto0.22
Complaint Index - home0.06
J.D. Power surveyAbove average
A.M. Best Financial Strength RatingExcellent

Methodology

We compared rates for New York Central Mutual Insurance Company by collecting rates for a 30-year-old man driving a 2015 Honda Civic EX. We checked how the cost of car insurance changed with a minimum and full coverage policy. We also checked how having a prior accident affected rates. Our quotes came from New York.

For our homeowners insurance rates, we collected rates for a home worth $314,500 that was built in 1961 — the median year built in the state of New York. The home was 2,100 square feet.

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes 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.