The median six-month auto insurance rate in the state of New York has decreased more than 20 percent since the beginning of 2009 to reach $970.25, according to InsuranceRates.com(TM).
Other New York median rates by demographic group include:
Demographic Group Median Six-Month Rate Men Only $1018.25 Women Only $ 912.00 Age Group: Less than or equal to 19 $1484.13 Age Group: 20 to 24 $1336.00 Age Group: 25 to 29 $1129.75 Age Group: 30 to 39 $1078.88 Age Group: 40 to 49 $1002.88 Age Group: 50 to 59 $ 844.50 Age Group: 60 to 74 $ 738.38 Age Group: Greater than or equal to 75 $ 771.50
New York rate statistics:
-- Men in New York pay a median auto insurance rate almost 12 percent higher than women. -- Drivers in New York 19 years of age or younger pay a median auto insurance rate that is over 100 percent higher than drivers age 60 to 74. -- New York auto insurance rates declined just over two percentage points more than the national median, which declined 18.1 percent over the same period. -- A New York driver who pays the six-month median rate of $970.25 and earns the New York median annual income of $42,414 pays approximately 4.58 percent of his or her gross income for auto insurance. By this "affordability factor," New York is the 5th most expensive state to insure a vehicle. Currently, Massachusetts is the most affordable with a factor of 1.96 percent, while Louisiana is the most expensive with a factor of 6.70 percent.
New York drivers who want to learn more about saving on their auto insurance and anonymously compare rate quotes from multiple carriers can visit InsuranceRates.com.
To request more information about rates and rate trends in your region, please visit: http://www.insurancerates.com/press-requests.html.
About InsuranceRates.com's(TM) Auto Insurance Rate Data
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