Who regulates auto insurance in New York?

The New York Department of Financial Services (DFS) licenses carriers and agents and regulates auto insurance including the no-fault system. Visit dfs.ny.gov for consumer resources.

Is New York a no-fault state?

Yes — New York is a no-fault state. Personal injury protection (PIP) covers medical expenses and lost wages regardless of fault up to the state minimum.

What minimum auto insurance is required in New York?

New York requires minimum liability, PIP (no-fault), and uninsured motorist coverage. Verify current minimums at dfs.ny.gov.

Why is car insurance so expensive in New York City?

NYC has the highest traffic density in the US, above-average theft and fraud rates, aggressive litigation, and high PIP utilization. NYC ZIP codes are among the most expensive for auto insurance nationally.

How do I compare auto insurance in New York?

DFS maintains consumer resources at dfs.ny.gov. The NAIC at naic.org has complaint ratio comparisons. For NYC specifically, compare at least four to five carriers — the spread is very large.

Car Insurance in New York

New York City is the most expensive auto insurance market in the US, driven by extreme congestion, high theft rates, above-average PIP fraud, and aggressive litigation. Upstate New York rates are significantly lower.

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