Cheapest Auto Insurance in Binghamton, New York (2025)

The overall average cost of car insurance in Binghamton is $138 per month. Compared to New York state’s average of $187 per month, Binghamton drivers pay a little less for car insurance. As a smaller city in upstate New York, Binghamton’s cheap car insurance is likely due to the low population and fewer drivers on the road.1

Here’s how to compare rates and get cheap car insurance in Binghamton.

3 of the cheapest car insurance companies in Binghamton

The cheapest and best car insurance company depends on your unique profile, including age, driving record, and vehicle type. But some insurers consistently offer competitive rates, making the companies below a great starting point for your search.

Binghamton drivers should consider these reputable insurance companies. Each balances great rates with quality coverage options.

Best insurer for customizable coverage: Midvale Home & Auto

Best insurer for low rates: Safeco

Best insurer for teachers: Liberty Mutual

How to get the cheapest car insurance in Binghamton

Insurance companies consider factors like your age, gender, driving habits, vehicle use, and ZIP code when calculating your car insurance quote. Although Binghamton auto insurance premiums are lower than the state average, finding ways to cut costs can make it easier on your wallet.

Here are a few options to get a more affordable price:

• Shop for quotes. Take time to shop around and compare prices from at least three companies. Compare their rates, coverage options, and digital tools to find the best and cheapest auto insurance for your needs.

• Increase your policy deductible. You’ll pay more money out of pocket when filing a claim, but increasing your deductible can reduce your car insurance premiums. Just make sure you can afford the deductible before increasing it.

• Improve your credit. New York insurers can check your credit history when creating your quote, and having good credit scores can decrease your costs.2

• Look for discounts. Ask questions about policy savings for bundling multiple policies, setting up automatic payments, vehicle safety features, and other car insurance discounts before you purchase coverage.

Cheapest liability-only car insurance in Binghamton: CSAA

Liability-only car insurance doesn’t cover damages to your own vehicle or any medical expenses for yourself or your passengers. Its limited auto insurance coverage includes only damages or injuries you cause to others in an at-fault car accident. It’s often the cheapest option for drivers to meet the minimum legal requirements for an auto policy.

On average, Binghamton drivers pay $122 per month for a liability-only policy. But in the table below, you’ll notice different rates depending on the insurance company you choose.

Cheapest full-coverage car insurance in Binghamton: CSAA

Full-coverage car insurance includes liability, collision, and comprehensive coverage. This combination of coverages pays for damages to your car after an accident with another vehicle, object, or animal, as well as theft, vandalism, or natural disasters. Full coverage is especially beneficial if you have a new or high-value vehicle or you’ve financed or leased your car.

Binghamton drivers pay an average of $154 per month for full coverage, but the table below shows other cheap insurance companies you can consider.

Car insurance requirements in New York

New York is a no-fault car insurance state.3 This means it’s your responsibility to have insurance that covers medical bills and other losses after an accident. It also limits your options to sue for pain and suffering.

Drivers must carry minimum liability insurance, personal injury protection (PIP), and uninsured motorist coverage to operate a vehicle on the road legally.2

While insurance products that meet the minimum limits are mandatory, you may consider additional coverage for better protection. Different types of auto insurance coverage in New York include:

Cheapest car insurance for drivers with an incident

An incident on your driving record — like an at-fault accident, speeding ticket, driving under the influence (DUI) conviction, or other moving violation — will nearly always increase your car insurance rates.

Even if it was just one time, insurance companies view these incidents as indicators that you’re a high-risk driver and charge more to take on that additional risk. A clean driving record can help keep your rates low.

Here are the cheapest car insurance companies for Binghamton drivers, based on driving history.

Average cost of car insurance by age

New York drivers with fewer than three years behind the wheel pay an inexperienced operator surcharge, which spikes auto insurance policy costs for teen drivers. Rates decrease by age 35 and can gradually decrease with each passing year.

But premiums start to rise around age 70, as senior drivers’ age-related health issues can affect reaction times and accident mortality rates.2

Here’s how much drivers in Binghamton pay for car insurance, on average, based on their age.

Binghamton car insurance quotes by credit tier

New York law allows insurers to use credit-based insurance scores to calculate your car insurance quote.2 Insurers link low credit ratings to a higher likelihood of filing claims and a higher claim cost, resulting in more expensive premiums for drivers with poor credit scores.

But if you can improve your rating and get an excellent or good credit score, you may get a lower rate sooner than you think. New York requires car insurance businesses to review credit information at least every three years.2