How many times have you told yourself it's time to shop around for more affordable car insurance rates in Yonkers, NY? Having to pay for pricey car insurance in Yonkers can drain your bank account and force you to prioritize other expenses. Performing a rate comparison can lower your rates and help to slash your bill and have more diposable income.
Unimaginable but true, the vast majority of consumers kept buying from the same company for at least the last four years, and just under half have never quoted rates to find lower-cost coverage. New York drivers could save an average of about 45% each year just by shopping around, but most tend to underestimate the actual amount they would save if they swap their current policy for a cheaper one.
Since you have so many insurance providers from which to choose, it's nearly impossible to pick a more affordable insurer.
It's a great practice to shop coverage around quite often due to the fact that insurance prices change regularly. Even if you think you had the lowest price on car insurance a couple years back a different company probably has better rate quotes today. Ignore everything you know about car insurance because we're going to show you one of the best ways to properly buy coverages and cut your premium.
Buying the cheapest insurance in Yonkers is not that difficult. Just about every vehicle owner who buys insurance will more than likely be able to save money. Nevertheless, New York drivers need to learn the way companies set your policy premium because rates fluctuate considerably.
The are a couple different ways to compare prices from local Yonkers car insurance companies. The best way to compare rates is simply to get online rate quotes.
Comparing free price quotes online is easy and it, takes the place of having to spend your day driving to each insurance agency near you. Comparing car insurance rate quotes online eliminates this option unless you have a complicated situation and need the professional assistance that only a licensed agent can provide. It is possible to comparison shop your insurance online and still use a local Yonkers agent.
It's important to know that having more price comparisons will improve the odds of getting more affordable insurance. Some smaller insurers do not give online rate quotes, so it's important to also get price estimates from those companies as well.
The auto insurance companies shown below can provide free rate quotes in Yonkers, NY. To get the best cheap auto insurance in New York, we recommend you visit as many as you can to get a more complete 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 Silverado LS Regular Cab 4WD||$686||$343||$57|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$1,022||$511||$85|
|Ford Escape XLT 4WD||$818||$409||$68|
|Ford F-150 STX Regular Cab 2WD||$934||$467||$78|
|Ford Focus SE 2-Dr Coupe||$768||$384||$64|
|GMC Sierra SLE Crew Cab 4WD||$1,140||$570||$95|
|Honda Accord LX-S 2-Dr Coupe||$1,052||$526||$88|
|Honda CR-V EX-L 2WD||$876||$438||$73|
|Honda Civic LX 4-Dr Sedan||$870||$435||$73|
|Honda Odyssey EX||$900||$450||$75|
|Hyundai Sonata GLS 4-Dr Sedan||$826||$413||$69|
|Kia Optima EX||$1,044||$522||$87|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,148||$574||$96|
|Toyota Camry XLE||$970||$485||$81|
|Toyota Corolla XRS||$1,096||$548||$91|
|Volkswagen Jetta S 2.5 Station Wagon||$760||$380||$63|
|Get Your Own Custom Quote Go|
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can affect premium rates considerably.
Higher deductibles lower rates
When shopping for auto insurance, a common question is the level to set your comp and collision deductibles. The tables below can help you visualize the rate difference between high and low physical damage deductibles. The first data set uses a $100 physical damage deductible and the second price chart uses a $500 deductible.
Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$198||$338||$226||$14||$68||$869||$72|
|Elantra Blue 4-Dr Sedan||$198||$484||$264||$16||$80||$1,067||$89|
|Elantra GLS 4-Dr Sedan||$228||$484||$264||$16||$80||$1,097||$91|
|Elantra SE 4-Dr Sedan||$228||$484||$264||$16||$80||$1,097||$91|
|Elantra SE Touring Station Wagon||$228||$412||$226||$14||$68||$973||$81|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$144||$228||$226||$14||$68||$680||$57|
|Elantra Blue 4-Dr Sedan||$144||$328||$264||$16||$80||$832||$69|
|Elantra GLS 4-Dr Sedan||$166||$328||$264||$16||$80||$854||$71|
|Elantra SE 4-Dr Sedan||$166||$328||$264||$16||$80||$854||$71|
|Elantra SE Touring Station Wagon||$166||$278||$226||$14||$68||$752||$63|
|Get a Quote for Your Vehicle Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in your specific Yonkers location which can alter rates noticeably.
Based on these figures, using a $100 deductible would cost the average driver about $19 more each month or $228 annually than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at a minimum 21 months between claim filings, you would probably save some money if you choose a higher deductible.
Drive safe and save
The chart below demonstrates how traffic citations and at-fault accidents influence Honda Pilot yearly insurance costs for each age group. The rate quotes are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.
Price comparison of only insuring for liability
The information below illustrates the comparison of Honda Civic insurance premiums with and without full coverage. The data assumes no tickets, no at-fault accidents, $500 deductibles, single male driver, and no discounts are applied.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying comprehensive and collision coverage
There is no set rule to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let's pretend your Honda Civic replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after you pay the deductible. If you are paying in excess of $800 annually for full coverage, then you may need to consider dropping full coverage.
There are some circumstances where dropping full coverage is not advised. If you haven't paid off your loan, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
Take policy discounts and save on auto insurance
Some providers don't necessarily list all their discounts in a way that's easy to find, so the following list contains both the well known and the harder-to-find auto insurance savings.
- Good Drivers - Insureds without accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
- Driver Safety - Successfully completing a class that teaches defensive driving techniques could cut 5% off your bill and easily recoup the cost of the course.
- E-sign - Many auto insurance companies may give you up to $50 get Yonkers auto insurance digitally online.
- Driving Data Discount - Drivers that enable their auto insurance company to spy on driving manner by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they show good driving skills.
- Buy New and Save - Adding a new car to your policy can cost up to 25% less due to better safety requirements for new model year vehicles.
- More Vehicles More Savings - Insuring primary and secondary vehicles with the same auto insurance company can get a discount for every vehicle.
- Military Discounts - Being deployed with a military unit could mean lower rates.
- Drivers Education - Teen drivers should participate in a local driver's education class as it can save substantially.
- Own a Home - Just owning your own home may trigger a policy discount on auto insurance due to the fact that maintaining a home requires personal responsibility.
- Good Grades Discount - Being a good student may save you up to 25%. This discount can apply up to age 25.
You should keep in mind that some of the credits will not apply to all coverage premiums. A few only apply to individual premiums such as comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, it just doesn't work that way. Any qualifying discounts will definitely lower your policy premiums.
Companies that may have some of the discounts shown above may include but are not limited to:
Before you buy a policy, ask every prospective company which discounts you may be entitled to. Some discounts may not be available in every state. To choose auto insurance companies who offer cheap auto insurance quotes in Yonkers, click this link.
Make smart decisions and save money
Many different elements are considered when premium rates are determined. A few of the factors are predictable like an MVR report, but other factors are less apparent like where you live or your financial responsibility. An important part of buying insurance is that you know the rating factors that help determine the rates you pay for car insurance. When you know what positively or negatively impacts premium levels, this enables informed choices that may reward you with lower premium levels.
The itemized list below are some of the items used by your company to calculate your premiums.
Credit rating impacts prices - An insured's credit history is likely to be a major factor in determining premium rates. Therefore, if your credit is lower than you'd like, you could save money insuring your vehicle by taking the time to improve your credit score. People that have excellent credit tend to file fewer claims as compared to drivers with lower credit scores.
If you don't need it don't buy it - Insurance companies have many extra bells and whistles that can add up on your policy. Coverages for rental car reimbursement, towing coverage, and Farm Bureau memberships may not be needed and are just wasting money. These coverages may sound good when discussing your needs, but now you might not need them so remove them and pocket the money.
Lower car insurance rates with alarm systems - Choosing to buy a car with a theft deterrent system can help lower your premiums. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent car theft.
Performance makes a difference - The performance level of the car you are insuring makes a big difference in determining your rates. The lowest rates will generally be found on economy passenger cars, but your final cost has many other factors.
High policy claims frequency drives up premiums - If you are a frequent claim filer, you shouldn't be surprised to get either policy cancellation or increased premiums. Companies in New York provide lower rates to drivers who only file infrequent claims. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
What are your coverage deductibles? - The deductibles state the amount of money you are required to spend out-of-pocket if the claim is covered. Physical damage protection, aka comp and collision, covers damage that occurs to your car. Examples of covered claims would be colliding with a stationary object, fire damage, and damage caused by road hazards. The more money you're willing to pay, the less money you will pay for car insurance.
Avoid tickets and save - Having a single chargeable violation can boost insurance rates by as much as twenty percent. Drivers with clean records pay less for auto insurance compared to bad drivers. Drivers who get dangerous tickets such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with their state in order to legally drive a vehicle.
Combine policies and save - Many insurers allow better rates to policyholders that have more than one policy such as combining an auto and homeowners policy. Discounts can amount to anywhere from five to ten percent in most cases. Even if you're getting this discount it's always a smart idea to compare rates to guarantee you are still saving the most.
Insurance agent or online?
Certain consumers just prefer to talk to a local agent and often times that is recommended A good thing about comparing rates online is you can get the best rates and still choose a local agent.
Upon completion of this quick form, your insurance coverage information is transmitted to agents in your area that provide free Yonkers auto insurance quotes and help you find cheaper coverage. You won't even need to leave your house due to the fact that quote results will go directly to your email. You can most likely find cheaper rates without the usual hassles of price shopping. If you wish to get a comparison quote from a specific insurance company, feel free to find their quoting web page to submit a rate quote request.
Picking an company needs to be determined by more than just the premium amount. Here are some questions to ask:
- Can they give you a list of client referrals?
- Does the agency have a good rating with the Better Business Bureau?
- If you have an accident, will your rates go up?
- Is there a local claims center in Yonkers?
- Is there a 24/7 contact number?
- What will you get paid if your car is a total loss? How is that amount determined?
- Does the agency have a current Errors and Omissions policy?
- Do the coverages you're quoting properly cover your vehicle?
Independent or Exclusive: It's your choice
If you are wanting to find a good insurance agency, you need to know there are two types of insurance agents and how they are distinctly different. Agents can be categorized as either independent agents or exclusive agents.
Exclusive Insurance Agencies
These agents write business for a single company such as Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot provide other company's prices so they are skilled at selling on more than just price. Exclusive agents receive a lot of sales training on their company's products which helps them sell on service rather than price.
Independent Agencies or Brokers
Independent agents do not have single company limitations so they can quote policies through many different auto insurance companies and find you cheaper rates. If prices rise, an independent agent can move your coverage and that require little work on your part. When shopping rates, you should always get insurance quotes from a few independent agents to have the most options to choose from.
Don't listen to company ads
Car insurance companies such as Allstate and Progressive continually stream television, radio, and online ads. All the ads advertise claims that you'll save big just by moving your policy. It sounds good, but how can they all charge you a lower premium?
Car insurance companies have strict underwriting profiles for the right customer that is profitable for them. An example of a driver they prefer could possibly be a mature driver, has other policies, and drives newer vehicles. A customer that hits that "sweet spot" will get the preferred premium rates in Yonkers and have a good chance to save money with a new company.
Insureds who cannot meet the "perfect" profile may be required to pay higher rates and this results in the customer buying from someone else. The ad wording is "customers who switch" not "everyone who quotes" save that much. This is how insurance companies can confidently make claims like that. This really emphasizes why you really need to do a quote comparison often. Because you cannot predict which insurance companies will give you lower auto insurance rates than your current company.
Cheaper insurance rates are possible
As you quote Yonkers auto insurance, never buy less coverage just to save a little money. Too many times, drivers have reduced full coverage and learned later that their decision to reduce coverage ended up costing them more. Your goal is to find the BEST coverage for the lowest cost, but do not skimp to save money.
Cheaper insurance in Yonkers can be purchased from both online companies as well as from independent agents in Yonkers, so you need to quote Yonkers auto insurance with both so you have a total pricing picture. Some insurance providers may not provide the ability to get quotes online and these smaller companies work with independent insurance agencies.
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance Rates for a Subaru Forester in New York? (FAQ)
- Who Has the Cheapest New York Auto Insurance After a Speeding Ticket? (FAQ)
- Who Has Affordable Car Insurance for a Toyota RAV4 in New York? (FAQ)
- Who Has Affordable New York Auto Insurance Rates for College Graduates? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- What is Gap Insurance? (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)