How long has it been since you sat down and looked for cheaper auto insurance rates in Ithaca, NY? Nobody that owns a car fancies paying their premiums for auto insurance, especially when they are aware that their premiums are through the roof.

Regrettably, a large majority of drivers have stayed with the same insurance company for at least four years, and about 40% of consumers have never taken the time to shop around. Drivers in New York could save 45% a year just by shopping around, but they underestimate the actual amount they would save if they swap their current policy for a cheaper one. There is such a variety of car insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, more options can take longer to compare rates and find the lowest cost auto insurance.

The goal of this article is to help educate you on how auto insurance companies operate and how to save the most money. If you have a current insurance policy, you should be able to save money using these tips. Smart buyers just need to understand the fastest way to buy insurance from multiple carriers.

The providers in the list below have been selected to offer free quotes in Ithaca, NY. If you want cheaper car insurance in New York, we suggest you visit as many as you can in order to get a fair rate comparison.

Insurance Rates for Popular Vehicles in Ithaca
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LTZ Crew Cab 2WD $916 $458 $76
Dodge Ram Crew Cab TRX 4WD $1,100 $550 $92
Ford Escape XLS 4WD $614 $307 $51
Ford F-150 Lariat Crew Cab 2WD $712 $356 $59
Ford Focus SES 2-Dr Coupe $902 $451 $75
Ford Fusion Sport AWD 4-Dr Sedan $906 $453 $76
Honda Accord LX-S 2-Dr Coupe $872 $436 $73
Honda CR-V EX 4WD $796 $398 $66
Honda Civic SI 4-Dr Sedan $1,066 $533 $89
Jeep Grand Cherokee Laredo 4WD $830 $415 $69
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,106 $553 $92
Nissan Altima 2.5 S 2-Dr Coupe $806 $403 $67
Nissan Rogue S AWD $974 $487 $81
Toyota Camry SE $962 $481 $80
Toyota Corolla XLE $742 $371 $62
Toyota Prius $1,010 $505 $84
Volkswagen Jetta S 2.5 Station Wagon $856 $428 $71
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rates do not factor in your specific Ithaca location which can change rates noticeably.

Physical damage deductibles: Should you raise them?

One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The data tables below can help you visualize the rate fluctuation between low and high physical damage deductibles. The first pricing table uses a $100 physical damage deductible and the second pricing table uses a $500 deductible.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Camry insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $228 $412 $264 $16 $80 $1,025 $85
Camry SE $228 $484 $264 $16 $80 $1,097 $91
Camry XLE $228 $484 $264 $16 $80 $1,097 $91
Camry Hybrid $258 $484 $300 $18 $90 $1,175 $98
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Toyota Camry insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $166 $278 $264 $16 $80 $804 $67
Camry SE $166 $328 $264 $16 $80 $854 $71
Camry XLE $166 $328 $264 $16 $80 $854 $71
Camry Hybrid $188 $328 $300 $18 $90 $924 $77
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate quotes do not factor in vehicle garaging location which can revise coverage prices substantially.

We can derive from the above data that using a $100 deductible costs roughly $19 more each month or $228 for a full year than selecting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 21 months between claim filings, you would come out ahead by going with a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $91
Average monthly premium for $500 deductibles (subtract): - $72
Monthly savings from raising deductible: $19
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important caveat is that a higher deductible means you will have to pay more out-of-pocket at claim time. You will want to have enough money put aside in the event you have to pay the higher deductible in order to repair your vehicle.

Buying the right vehicle insurance in New York is an important decision

Despite the high cost of buying insurance in Ithaca, insurance may be mandatory for several reasons.

The benefits of insuring your vehicle greatly outweigh the cost, especially if you ever need it. Despite what companies tell you, the average driver is wasting up to $810 a year so it's very important to do a rate comparison at every renewal to ensure rates are inline.

Auto insurance buyers beware

Consumers can't escape the ads for the lowest price auto insurance by companies like Allstate and Progressive. They all say the same thing that you can save just by switching your auto insurance coverage to their company.

How does every auto insurance company claim to save you money? It's all in the words they use.

Many companies have specific guidelines for the type of customer that will generate a profit. A good example of this type of insured should be between the ages of 40 and 55, carries high limits, and has excellent credit. A propective insured that matches those criteria may get the lowest prices in Ithaca and therefore will save some money.

Drivers who don't qualify for these criteria will get higher rates which leads to business going elsewhere. If you listen closely, the ads state "people that switch" not "everyone that quotes" can save as much as they claim. That is how companies can make the claims of big savings.

This really emphasizes why drivers must compare rate quotes every year. It's just not possible to know with any certainty which company will have the best car insurance rates at this point in time.

Insurance discounts are available to lower rates

Insurance is not inexpensive, but you may be missing some discounts that you may not even know about. Certain reductions will be credited at the time of quoting, but once in a while a discount must be inquired about before you will receive the discount.Discount insurance

One thing to note about discounts is that most discount credits are not given the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like it's possible to get free car insurance, you aren't that lucky.

To view providers that provide some of the discounts listed above in Ithaca, click here.

Get rate quotes but buy from a local neighborhood Ithaca car insurance agent

Some consumers still like to sit down with an agent and that is just fine! Licensed agents can help you choose the best coverages and help file insurance claims. A good thing about comparing rate quotes online is the fact that drivers can get the lowest rates and still buy from a local agent. Buying from local agencies is important particularly in Ithaca.

Find insurance agent in IthacaOnce you complete this form (opens in new window), the quote information is instantly submitted to local insurance agents who will give you quotes for your insurance coverage. You won't even need to leave your computer since rate quotes are delivered to the email address you provide. If for some reason you want to quote rates from a specific company, don't hesitate to jump over to their website and fill out the quote form the provide.

Ithaca car insurance agents come in two flavors

When finding a reliable insurance agent, you must know there are a couple different types of agents and how they work. Car insurance agencies may be either independent agents or exclusive agents depending on their employer. Either one can handle car insurance, but we need to point out how they are different because it can influence the selection process.

Independent Car Insurance Agents

These type of agents often have many company appointments so they can write business with multiple insurance companies depending on which coverage is best. If they find a lower price, your policy is moved internally and you stay with the same agent.

If you need cheaper car insurance rates, we recommend you get quotes from a few independent agents to get the most accurate price comparison.

Exclusive Agents

Agents that elect to be exclusive normally can only provide a single company's rates and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot compare rates from other companies so you need to shop around if the rates are high. Exclusive agencies are trained well on the products they sell which helps them compete with independent agents.

Choosing an auto insurance agent should depend on more than just the quoted price. Get answers to these questions too.

Car insurance claims by make and model

Are you driving a vehicle that ranks well for claims? The statistics below show the best and worst cars and trucks for overall likelihood of having to file claims for each type of coverage.

Lowest and Highest Comprehensive Coverage Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Chevy Spark Audi S7
Volvo V60 Maserati Granturismo
Infiniti QX50 BMW M6
Nissan Xterra Bentley Continental GT
GMC Sierra 2500 Mercedes-Benz S Class
Nissan Leaf BMW M6

Statistics from IIHS.org for 2013-2015 Model Years

Lowest and Highest Auto Insurance Liability Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Fiat 500 Hyndai Accent
Acura MDX Chevrolet Impala
Subaru Forester Chrysler 200
Audi A6 Kia Optima
Chevrolet Corvette Mitsubishi Mirage
Mercedes-Benz SL Class Chevrolet Sonic

Statistics from IIHS.org for 2013-2015 Model Years

Auto Insurance Collision Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
GMC Canyon Nissan GT-R
Nissan Xterra Bently Continental GTC
Ford F-250 SuperCab BMW 6 Series
Ford Edge Maserati Ghibli
Chevrolet Colorado BMW M6
Mini Cooper Maserati Granturismo

Statistics from IIHS.org for 2013-2015 Model Years

Vehicle Models with the Lowest and Highest Medical Payment Insurance Claims
Lowest Overall Losses Highest Overall Losses
Ford F-250 SuperCrew Hyundai Accent
Ford Expedition Chevrolet Spark
Land Rover Range Rover Sport Dodge Charger
Chevrolet Silverado 2500 Mitsubishi Lancer
Chevrolet Silverado 3500 Kia Forte
Audi A4 Allroad Nissan Sentra

Statistics from IIHS.org for 2013-2015 Model Years

Cheaper coverage is out there

When getting Ithaca car insurance quotes online, don't be tempted to skimp on coverage in order to save money. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to find out that the small savings ended up costing them much more. Your strategy should be to get the best coverage possible at the best price, but do not skimp to save money.

We just showed you many tips how you can lower your insurance rates in Ithaca. It's most important to understand that the more you quote Ithaca car insurance, the better chance you'll have of finding the cheapest Ithaca car insurance quotes. You may even discover the most savings is with a small local company. They may only write in your state and offer lower car insurance rates than their larger competitors like Allstate or State Farm.

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