What is the average cost of car insurance in Albany?

 

The typical Albany driver pays $1,329 per year for car insurance. That's less expensive than the average rate in New York ($1,704) and less expensive than the national average of $1,548. Continue reading to see how much you can expect to pay for insurance based on your marital status, age, credit score and other factors in Albany.

 

CAR INSURANCE RATES: ALBANY VS. NEW YORK AND U.S. AVERAGES
Albany Average (per year) New York Average National Average
$1,329 $1,704 $1,548

 

Table of contents:
  • Insurance company
  • Age
  • Marital status/gender
  • Driving record
  • Credit score

 

Albany car insurance rates by provider

 

Getting quotes from many different companies is the best way to find good coverage at a price that fits your budget. For a typical insurance customer, GEICO provides Albany's cheapest rates. See below the best companies for cheap auto insurance in Albany.

 

ALBANY CAR INSURANCE PREMIUMS BY COMPANY
Company Average Annual Rate
GEICO $1,198
State Farm $1,290
NYCM Insurance $1,291
Progressive $1,358
Allstate $1,741

 

Read our guide to finding the best cheap auto insurance.

 

 

Albany auto insurance premiums by age

The age bracket that pays the least for auto insurance in Albany consists of drivers in their 50s, who pay an average of $1,256. Drivers in their 60s pay marginally higher rates — $1,289 per year.

The Albany drivers who pay the highest insurance rates are teenagers. When drivers hit their 20s in Albany and move out of the teenage age bracket, they reduce their premiums substantially. The difference in rates paid by teenage drivers and drivers in their 20s in Albany is $2,118, the largest such difference between any two age groups.

 

ALBANY CAR INSURANCE PREMIUMS BY DRIVER AGE
Age bracket Average Yearly Rate
Teenagers $3,823
20s $1,705
30s $1,346
40s $1,329
50s $1,256
60s $1,289
70s $1,471

 

Learn more about the impact of age on car insurance premiums.

 

 

Albany car insurance premiums by gender and marital status

 

Marital status and gender can play roles in how car insurance companies set rates, in some cases. Married drivers usually pay less for car insurance than their single counterparts. In Albany, married motorists pay $46 less than single drivers for auto insurance.

Gender is another factor that can influence auto insurance rates. In Albany, female drivers pay $43 per year more than do male drivers.

 

INSURANCE RATES IN ALBANY BY MARITAL STATUS AND GENDER
Marital Status/Gender Average Annual Rate
Female $1,372
Male $1,329
Single $1,329
Married $1,283
Divorced $1,325
Widowed $1,325

 

Discover more about how gender and marital status have on insurance rates.

 

 

Albany auto insurance premiums by violation history

 

No matter where you live, avoiding accidents and violations is the best way to keep your auto insurance rates low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.

Albany drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $700 per year versus the city average. A ticket for speeding results in a $306 rate hike while a DWI or DUI violation costs $805per year in extra insurance expenditures.

 

ALBANY CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
Citation Average Annual Rate
DWI/DUI $2,134
Reckless Driving $2,029
At-fault Accident (damages less than $1,000) $1,371
At-fault Accident (damages > $2,000) $1,811
Speeding Ticket (16-20 mph over speed limit) $1,635

 

Get more info on how a bad driving history can impact your car insurance costs.

 

 

Albany auto insurance rates by credit level

 

An important insurance rating factor in most states is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. In Albany, an improvement in credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) corresponds to a 58% drop in car insurance costs. Moving into the "Fair" credit tier from the "Very Poor" level is one of the most impactful steps a driver can take in pursuit of better car insurance rates. In Albany, improving your credit to "Fair" corresponds with a $752 decrease in annual car insurance rates.

 

ALBANY CAR INSURANCE PREMIUMS BY CREDIT SCORE
Credit Tier Average Annual Rate
Very Poor $2,837
Fair $2,085
Good $1,680
Very Good $1,401
Exceptional $1,185

 

Curious about how your credit score might impact your auto insurance rates? Click here to find out more.

 

 

 

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.