Table of contents
How much is car insurance in Ithaca?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, it is around $118 a month cheaper to insure your vehicle in Ithaca than it is in the rest of New York.
Compared to the national average cost of auto insurance coverage, Ithaca has lower rates. Car insurance rates for the U.S. as a whole are, on average, $0 more expensive than the rates you'd pay in Ithaca.
Bear in mind that while these rates are the average costs for drivers in Ithaca, it doesn't mean that's what you'll pay. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. Your bill each month is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.
But don't worry, we've broken down the average rate for Ithaca residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|65+||Not Enough Data|
For every 10 years, you can expect to see a drop in your monthly premium. As you get closer to retirement, however, you may see your rates start to rise again in Ithaca.
Average Car Insurance Rates by Gender
In general, women pay slightly less for car insurance than men. While this isn't true in Ithaca, the difference in monthly rates is minimal.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
|Multiple Tickets||Not Enough Data|
Rates can vary wildly depending on your driving record. Drivers with clean records will pay lower rates than those with accidents or violations. In Ithaca, a driving record with one accident will usually get you a rate around $125 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $72 on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$63|
|15 Years or Older||$70|
In Ithaca, the cheapest vehicles to insure are by and large cars, with drivers paying around $80 per month for auto insurance.
SUV owners can expect to pay an average of around $83 a month for their policy, while truck and van drivers are usually around $98 to insure each month.
You can also expect to see slightly different rates depending on how old your vehicle is. Newer vehicles are generally going to be the most expensive to insure. Once your car is a few years old, however, you may see your rates begin to drop back down. In Ithaca, vehicles eight-to-ten years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$81|
More often than not, people who are married will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.
In Ithaca, the difference in rates based on relationship status can be as much as $27 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$75|
Another factor taken into consideration is your living accommodations. Drivers who own property in Ithaca can expect to pay around $24 a month less than those who rent. Those who live with their parents, however, can expect to pay a lot more.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your average costs.
Car Insurance Companies in Ithaca, NY
Recent trends in car insurance for Ithaca drivers
Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.
Auto insurance rates in Ithaca went up from 2016-2019, when they reached a high of $90. This changed in 2020, when rates began to decrease. This trend has continued through the present, where rates recently hit $62.
How does Ithaca compare to neighboring areas?
Why are car insurance rates in Ithaca different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider several factors. Many factors affecting your policy are based around your home address. These factors include things like:
- Availability of off-street parking
- Area regulations
- Road safety
- Number of drivers in the area
- Crime rates
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.
How can I find the cheapest car insurance in Ithaca?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
But wait! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from dozens of car insurance companies that offer plans in Ithaca.
Ithaca Insurance FAQs
What factors affect car insurance quotes in Ithaca?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Ithaca different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Ithaca?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Ithaca?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Ithaca or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?