I really doubt anyone is fond of buying auto insurance, especially when they know they could find lower prices if they just compared rates.
Sadly, a large majority of drivers have remained with the same auto insurance company for a minimum of four years, and almost 40% of drivers have never compared rates with other companies. New York drivers could save themselves almost $800 a year by just comparing rate quotes, but they don't want to spend time to shop their coverage around.
Numerous insurers battle for your hard-earned dollar, and it can be difficult to compare rates to find the absolute best rate on auto insurance.
Best companies for New York car insurance
The providers in the list below can provide quotes in New York. In order to find the cheapest auto insurance in New York, we suggest you visit several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT Extended Cab 2WD||$804||$402||$67|
|Chevrolet Equinox LT 2WD||$792||$396||$66|
|Chevrolet Impala LT||$836||$418||$70|
|Chevrolet Silverado LTZ Extended Cab 4WD||$996||$498||$83|
|Dodge Grand Caravan Crew||$850||$425||$71|
|Dodge Ram Crew Cab TRX 2WD||$972||$486||$81|
|Ford Escape Limited 4WD||$734||$367||$61|
|Ford Explorer Eddie Bauer 4WD||$1,080||$540||$90|
|Ford F-150 FX2 2WD||$626||$313||$52|
|Ford Focus SE 2-Dr Coupe||$896||$448||$75|
|Honda Accord EX 2-Dr Coupe||$922||$461||$77|
|Honda CR-V LX 2WD||$958||$479||$80|
|Honda Civic LX 2-Dr Coupe||$854||$427||$71|
|Kia Optima LX||$866||$433||$72|
|Nissan Altima 3.5 SR 4-Dr Sedan||$852||$426||$71|
|Toyota Camry XLE||$1,110||$555||$93|
|Toyota Corolla XRS||$1,140||$570||$95|
|Get Your Own Custom Quote Go|
Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate quotes do not factor in vehicle garaging location which can modify auto insurance rates significantly.
Price comparison of only insuring for liability
The example below visualizes the comparison of Nissan Sentra auto insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on no accidents or driving violations, $500 deductibles, single female driver, and no discounts are taken into consideration.
Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.
When to drop comprehensive and collision
There is no definitive rule for eliminating physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let's say your Nissan Sentra book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $5,000 after you pay the deductible. If you are paying more than $500 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Annual premiums for males versus females
The illustration below compares insurance costs for male and female drivers in Port Chester. The price estimates are based on no violations or claims, comprehensive and collision coverage, $500 deductibles, drivers are single, and no policy discounts are applied on a Honda Pilot Touring.
Honda Pilot rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Discounts to earn lower Port Chester car insurance rates
Some providers do not advertise every discount very clearly, so the following is a list of a few of the more common and the more hidden car insurance savings.
- Savings for New Vehicles - Buying a new car instead of a used car can save you some money since newer models are generally safer.
- One Accident Forgiven - Not a discount per se, but a handful of insurance companies will turn a blind eye to one accident without raising rates as long as you don't have any claims for a certain period of time.
- Pay Now and Pay Less - By making one initial payment instead of paying each month you can actually save on your bill.
- Military Rewards - Being deployed with a military unit may lower your premium rates slightly.
- Membership in Organizations - Being a member of a civic or occupational organization in Port Chester could qualify you for a break on your bill.
- Multi-car Discount - Drivers who insure several vehicles with one company can get a discount on all vehicles.
- Port Chester Homeowners Discount - Just being a homeowner can earn you a little savings because of the fact that having a home requires a higher level of personal finance.
- Safety Course Discount - Successfully completing a defensive driver class could earn you a small percentage discount if your company offers it.
- Life Insurance - Not every insurance company offers life insurance, but if they do you may earn lower premium rates if you buy a life insurance policy as well.
- Student Discount for Driver Training - Require your teen driver to participate in a local driver's education class in school.
Drivers should understand that most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as comprehensive or collision. So even though you would think you can get free auto insurance, it just doesn't work that way.
A few companies that may include these discounts include:
When getting a coverage quote, ask all the companies how you can save money. A few discounts may not apply to policyholders in Port Chester. To locate car insurance companies who offer online car insurance quotes in Port Chester, click here to view.
How your Port Chester prices are determined
Lots of factors are part of the calculation when you get a price on insurance. Some factors are common sense such as your driving record, but other factors are not quite as obvious like your continuous coverage or your commute time.
File claims and pay more - Companies in New York provide the lowest premiums to insureds who do not rely on their insurance for small claims. If you are the type of insured that files lots of claims you can expect either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of claims that pose a financial burden.
Safer cars cost less to insure - Vehicles that have high safety ratings are cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and better occupant protection translates into fewer and smaller insurance claims which can result in lower premiums. If your car, truck, or SUV earned at least four stars on Safercar.gov or an "acceptable" rating on iihs.org it is probably cheaper to insure.
Save money by having good credit - A driver's credit score is likely to be a major factor in determining what you pay. People that have high credit scores tend to be more responsible and file fewer claims than drivers with lower credit scores. If your credit is not that good, you could be paying less to insure your vehicle if you improve your credit rating.
Lower car insurance rates with no policy lapses - Driving without insurance is not a good idea and car insurance companies will penalize you for letting your insurance coverage expire. Not only will you pay more, not being able to provide proof of insurance could earn you a hefty fine and possibly a revoked license.
Big city or small town - Having an address in areas with lower population has definite advantages when shopping for auto insurance. Less people living in that area translates into fewer accidents and lower theft and vandalism rates. People who live in big cities regularly have much more traffic and more severe claims. Higher commute times can result in more accidents.
The best insurance company isn't always the cheapest
As you prepare to switch companies, make sure you don't reduce coverage to reduce premium. Too many times, an insured dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. The goal is to buy the best coverage you can find for the lowest cost while still protecting your assets.
Cheaper insurance in Port Chester is attainable from both online companies as well as from independent agents in Port Chester, and you should be comparing both so you have a total pricing picture. Some insurance companies do not offer online quoting and usually these smaller providers sell through independent agents.
For more information, take a look at the resources below: