Table of contents
How much is car insurance in New Hyde Park?
|Area||Average Monthly Car Insurance Premium|
|New Hyde Park||$179|
As you can see in the chart above, it is around $19 a month cheaper to insure your vehicle in New Hyde Park than it is in the rest of New York.
On the other hand, New Hyde Park residents should prepare to pay higher rates for coverage than the rest of the country. Coverage in New Hyde Park is about $99 more expensive than it is for the rest of the U.S.
While these are the average costs to insure your vehicle in New Hyde Park, keep in mind that you could end up paying a different amount. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.
But don't worry, we've broken down the average rate for New Hyde Park residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It makes sense that the older you are, the more experience you have driving, right? That experience can lead to some serious savings when it comes to auto insurance premiums. As you can see, 18-24-year-olds pay $185 more than drivers of retirement age.
For every 10 years, you can expect to see a decrease in your monthly premium. New Hyde Park drivers may see their rates creep back up once they hit retirement age.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. In New Hyde Park, the difference is around $19 per month. As illustrated in the table above, male drivers in the area pay about $185 on average, while female drivers pay around $166 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. In New Hyde Park, a driving record with one accident will usually get you a rate around $177 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $200.
Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$303|
|15 Years or Older||$115|
According to the first table above, SUVs are by and large the cheapest vehicles to insure in New Hyde Park, with drivers paying around $149 per month for insurance.
SUV owners, on the other hand, typically pay around $149 a month, while truck and van drivers can expect to pay about $427 per month to insure their car.
Your vehicle's age can also affect your monthly bill. Newer vehicles are generally going to be the most expensive to insure. However, your rates may start to decrease if your car is a few years old. The most expensive vehicles to insure in New Hyde Park are vehicles less than one year old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$189|
On average, car insurance is slightly cheaper for married policyholders. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.
At a national level, single drivers usually pay more than married couples do for auto insurance. New Hyde Park follows that pattern, with the difference totaling to around $42 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$202|
Your living accommodations is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment in New Hyde Park, expect to pay around $90 a month more than if you own property. But those who live at home with their parents can expect to pay significantly more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in New Hyde Park, NY
Recent trends in car insurance for New Hyde Park drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before deciding on where to shop.
Car insurance rates in New Hyde Park rose from 2016-2017, when they hit a high of $427, but started to turn downward from 2018-2019. They finished down in 2021, at $150 a month.
How does New Hyde Park compare to neighboring areas?
Why are car insurance rates in New Hyde Park different from other areas?
There are a number of factors car insurance companies take into consideration when figuring out how much to charge for a monthly rate. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you park your car. These include things like:
- Amount of drivers in the community
- Crime levels
- Availability of off-street parking
- Community regulations
- Road Safety (how many accidents each locality has)
It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in New Hyde Park?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Fortunately, Compare.com does all of that work for you. Just type in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies providing plans in New Hyde Park.
New Hyde Park Insurance FAQs
What factors affect car insurance quotes in New Hyde Park?
Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your gender and age, but also factors like your address, credit score, driving record, and marital status.
Why is the cost of car insurance in New Hyde Park different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, crime rates, 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 New Hyde Park?
There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.
Do I need to change my insurance if I move to New Hyde Park?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
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 New Hyde Park 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?