Did budget coverage turn out to be an underperforming, overpriced auto insurance policy? You're in good company because there are lots of Poughkeepsie residents who feel the same.
Statistics show that over 70% of consumers have stayed with the same insurance company for a minimum of four years, and almost 40% of drivers have never quoted rates to find cheaper coverage. Most drivers in New York can save hundreds of dollars each year, but they don't know how much savings they would realize if they switched. Vehicle owners have many insurers to buy insurance from, and even though it's nice to have a choice, it makes it harder to compare company pricing.
You need to check auto insurance prices once or twice a year since insurance prices are variable and change quite frequently. Even if you got the lowest rate on auto insurance six months ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about auto insurance because you're going to learn the best methods to find better rates and still maintain coverage.
The companies shown below have been selected to offer quotes in Poughkeepsie, NY. If you want to find cheap auto insurance in New York, it's highly recommended you visit several of them to get the most affordable price.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LTZ||$736||$368||$61|
|Chevrolet Silverado LS Crew Cab 2WD||$1,022||$511||$85|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$1,182||$591||$99|
|Ford Escape Limited 4WD||$834||$417||$70|
|Ford Explorer Eddie Bauer 4WD||$1,166||$583||$97|
|Ford F-150 FX4 Super Cab 4WD||$898||$449||$75|
|Ford Focus S 4-Dr Sedan||$678||$339||$57|
|Honda Accord LX-P 4-Dr Sedan||$596||$298||$50|
|Honda CR-V EX 2WD||$682||$341||$57|
|Honda Civic GX 4-Dr Sedan||$908||$454||$76|
|Honda Odyssey EX W/Rear Entertainment||$670||$335||$56|
|Jeep Grand Cherokee SRT-8 4WD||$842||$421||$70|
|Kia Optima EX||$916||$458||$76|
|Nissan Altima 2.5 S 2-Dr Coupe||$952||$476||$79|
|Toyota Camry Hybrid||$916||$458||$76|
|Toyota Corolla XLE||$998||$499||$83|
|Toyota RAV4 Sport 2WD||$940||$470||$78|
|Get Your Own Custom Quote Go|
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in vehicle garaging location which can revise prices significantly.
Policy deductible comparison
When buying car insurance, a common question is how high or low should comp and collision deductibles be. The rates shown below can help you visualize the difference in cost when you buy lower versus higher deductibles. The first data set uses a $100 deductible for comp and collision and the second set of rates uses a $500 deductible.
Ford Fusion 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|
|Fusion S 4-Dr Sedan||$228||$412||$264||$16||$80||$1,025||$85|
|Fusion SE 4-Dr Sedan||$258||$484||$264||$16||$80||$1,127||$94|
|Fusion Hybrid 4-Dr Sedan||$258||$558||$330||$20||$100||$1,291||$108|
|Fusion SEL 4-Dr Sedan||$258||$484||$264||$16||$80||$1,127||$94|
|Fusion Sport 4-Dr Sedan||$258||$484||$264||$16||$80||$1,127||$94|
|Fusion SEL AWD 4-Dr Sedan||$286||$558||$264||$16||$80||$1,229||$102|
|Fusion Sport AWD 4-Dr Sedan||$286||$558||$264||$16||$80||$1,229||$102|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$166||$278||$264||$16||$80||$804||$67|
|Fusion SE 4-Dr Sedan||$188||$328||$264||$16||$80||$876||$73|
|Fusion Hybrid 4-Dr Sedan||$188||$378||$330||$20||$100||$1,016||$85|
|Fusion SEL 4-Dr Sedan||$188||$328||$264||$16||$80||$876||$73|
|Fusion Sport 4-Dr Sedan||$188||$328||$264||$16||$80||$876||$73|
|Fusion SEL AWD 4-Dr Sedan||$210||$378||$264||$16||$80||$948||$79|
|Fusion Sport AWD 4-Dr Sedan||$210||$378||$264||$16||$80||$948||$79|
|Get a Quote for Your Vehicle Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Information does not factor in your specific Poughkeepsie location which can lower or raise premium rates noticeably.
Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $21 more each month or $252 annually than requesting the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 19 months between claim filings, you would save money by going with a higher deductible. Here's how this calculation is made.
|Average monthly premium for $100 deductibles:||$97|
|Average monthly premium for $500 deductibles (subtract):||- $76|
|Monthly savings from raising deductible:||$21|
|Difference between deductibles ($500 - $100):||$400|
|Divide difference by monthly savings:||$400 / $21|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||19 months|
Physical damage deductibles
The chart below shows how different deductible levels and can increase or decrease Honda Pilot insurance rates for different age groups. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.
Full coverage rates compared to liability only
The chart below visualizes the comparison of Chevrolet Silverado insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no tickets, no at-fault accidents, $250 deductibles, married female driver, and no additional discounts are factored in.
Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying physical damage coverage
There is no definitive rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let's pretend your Chevrolet Silverado replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after you pay the deductible. If you are paying more than $200 annually for full coverage, then you may want to consider only buying liability coverage.
There are some conditions where dropping physical damage coverage is not financially feasible. If you haven't paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Poughkeepsie insurance discounts
Insurance is not inexpensive, but discounts can save money and there are some available that could help you make your next renewal payment. Certain discounts will be triggered automatically at the time you complete a quote, but some may not be applied and must be manually applied before you will receive the discount.
- Passive Restraints - Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of 25 to 30%.
- Lower Rates for Military - Being deployed in the military could be rewarded with lower insurance rates.
- ABS Braking Discount - Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive and qualify for as much as a 10% discount.
- Accident Waiver - This one isn't a discount, but companies like GEICO, Allstate and Liberty Mutual allow you one accident before your rates go up with the catch being you have to be claim-free prior to being involved in the accident.
- Paperless Signup - Some of the larger companies may give you up to $50 for signing up over the internet.
- Clubs and Organizations - Having an affiliation with a civic or occupational organization in Poughkeepsie can get you a small discount when shopping for insurance.
You should keep in mind that most of the big mark downs will not be given to the entire policy premium. Some only reduce individual premiums such as liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, you won't be that lucky.
A partial list of companies that may offer these discounts are:
When quoting, ask all the companies which discounts they offer. All car insurance discounts might not be available to policyholders everywhere. To choose companies offering insurance discounts in Poughkeepsie, follow this link.
Choices you make can reduce your prices
Many things are used in the calculation when you get a price on insurance. Most are fairly basic like your driving record, but other criteria are more transparent like your vehicle usage or your financial responsibility. Consumers need to have an understanding of some of the elements that go into determining the level of your policy premiums. If you have a feel for what influences your rates, this enables informed choices that may result in big savings.
The following are a few of the things used by companies to determine your rates.
Alarms and GPS tracking lower rates - Choosing to buy a car with advanced anti-theft systems can earn a premium discount. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all aid in stopping car theft and help bring rates down.
Insurance prices and driver gender - The statistics show women tend to be less risk to insure than men. However, this does not mean females are better at driving than males. They both get in auto accidents in similar percentages, but men cause more damage and cost insurance companies more money. They also get higher numbers of serious violations like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents and thus pay the highest rates.
Reserve policy claims for larger damages - If you frequently file small claims, you can definitely plan on higher premiums or even policy non-renewal. Companies in New York generally give lower rates to policyholders who only file infrequent claims. Your insurance policy is meant to be used in the event of claims that you cannot pay yourself.
Prices can be impacted by your employer - Did you know that where you work can have an impact on rates? Careers like doctors, airline pilots, and accountants usually pay the highest average rates attributed to job stress and long work hours. Other professions such as scientists, athletes and performers generally pay rates lower than average.
Credit rating impacts premium prices - A driver's credit score will be a significant factor in calculating your car insurance rates. If your credit history leaves room for improvement, you may save money insuring your vehicle if you clean up your credit. People that have very good credit scores tend to be better risks to insure than drivers with lower ratings.
Can't I get rate quotes from local Poughkeepsie auto insurance agents?
Many drivers would rather buy from a local agent and often times that is recommended Most agents are highly skilled in risk management and help you file claims. A nice benefit of comparing insurance prices online is the fact that you can find the best rates and still choose a local agent. Buying from local agencies is definitely important in Poughkeepsie.
After filling out this short form, your insurance data is instantly submitted to local insurance agents who will return price quotes for your insurance coverage. There is no reason to leave your house as quotes are delivered to you. If for some reason you want to get a rate quote from a specific car insurance provider, you just need to find their quoting web page and submit a quote form there.
Car insurance agents in Poughkeepsie come in two varieties
If you are searching for a good Poughkeepsie insurance agent, it's important to understand the types of agencies and how they can service your needs differently. Car insurance agents in Poughkeepsie can be classified as either independent or exclusive depending on the company they work for. Both types of agents can insure your vehicles, but it's good to learn the difference in the companies they write for since it could factor into your selection of an agent.
Independent Insurance Agents
Independent agents often have many company appointments so they have the ability to put coverage with lots of companies enabling the ability to shop coverage around. If they find a lower price, your policy is moved internally and you don't have to find a new agent.
When comparing rate quotes, we highly recommend that you compare quotes from multiple independent agents to have the most options to choose from.
Exclusive Car Insurance Agencies
Agents that choose to be exclusive write business for a single company such as Farmers Insurance and State Farm. These agents are unable to provide prices from multiple companies so always compare other rates. Exclusive insurance agents are highly trained on their company's products and that allows them to sell at a higher price point.
Finding the right auto insurance agent requires more thought than just the price. Some important questions to ask are:
- Are they primarily personal or commercial lines agents in Poughkeepsie?
- Do they review policy coverages at every renewal?
- How many years have they been established?
- Will one accident increase rates?
- Do the agents have professional certifications like CPCU or CIC?
- How are they compensated?
When should I discuss my situation with an agent?
When selecting insurance from an agent or online for your personal vehicles, there really is no one size fits all plan. Every situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your situation might need professional guidance.
- Do I pay less if my vehicle is kept in my garage?
- Are my friends covered when driving my vehicle?
- Is my ex-spouse still covered by my policy?
- Can I afford low physical damage deductibles?
- Am I covered when driving someone else's vehicle?
- How can I force my company to pay a claim?
- Is my vehicle covered for flood damage?
If you're not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.
How much can you save?
When shopping online for insurance, do not buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped liability coverage limits only to regret that it was a big error on their part. Your goal is to get the best coverage possible at an affordable rate and still be able to protect your assets.
We just showed you many tips how you can lower your insurance rates in Poughkeepsie. The key thing to remember is the more rate comparisons you have, the better likelihood of getting affordable Poughkeepsie car insurance quotes. Drivers may even discover the biggest savings come from the smaller companies. Regional companies can often provide lower car insurance rates in certain areas as compared to the big name companies such as Allstate or State Farm.
For more information, take a look at the resources below:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- What Car Insurance is Cheapest for Hybrid Vehicles in New York? (FAQ)
- How Much is Auto Insurance for Low Credit Scores in New York? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Police Officers in New York? (FAQ)
- Who Has the Cheapest Auto Insurance for Single Moms in New York? (FAQ)
- Who Has Affordable Car Insurance for Drivers with a DUI in New York? (FAQ)
- Red Light Cameras (State Farm)
- Prom Night Tips for Teen Drivers (State Farm)