No normal person is fond of buying insurance, especially when the prices are way too high.

Unfortunately, most insurance buyers in New York have remained with the same insurance company for four years or more, and just under half have never compared insurance rates at all. The average driver in America can save $860 each year by just shopping around, but they just assume it takes a lot of time to save money by comparing rate quotes.

Insurance companies such as Progressive, GEICO and Farmers Insurance constantly bombard you with ads and it is difficult to separate fact from fiction and find the best price available.

If you have a current auto insurance policy, you will be able to save money using the ideas you're about to read. Choosing the best rates in Tonawanda is much easier if you know where to start. Nevertheless, New York car owners do need to learn how big insurance companies market on the web and use this information to your advantage.

Learn how to buy insurance for less

Consumers need to have an understanding of the different types of things that help calculate insurance rates. If you have some idea of what determines premiums, this allows you to make good choices that will entitle you to much lower annual insurance costs. Many things are considered when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but some are not as apparent such as your marital status and annual miles driven.

Just remember that quoting more will enable you to find the best price.

The providers in the list below offer free rate quotes in New York. If multiple companies are listed, it's highly recommended you compare several of them to get the best price comparison.

Insurance Price Estimates for Popular Vehicles in Tonawanda
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Regular Cab 4WD $730 $365 $61
Dodge Ram Crew Cab Laramie 4WD $1,012 $506 $84
Ford Edge Limited AWD $888 $444 $74
Ford Escape Limited 2WD $722 $361 $60
Ford Explorer XLT 4WD $744 $372 $62
Ford F-150 XLT Regular Cab 4WD $848 $424 $71
Ford Focus SE 4-Dr Sedan $900 $450 $75
Ford Fusion SE 4-Dr Sedan $780 $390 $65
Honda Accord EX 2-Dr Coupe $1,018 $509 $85
Honda CR-V EX-L 4WD $692 $346 $58
Honda Civic EX-L 4-Dr Sedan $1,012 $506 $84
Nissan Altima 2.5 4-Dr Sedan $942 $471 $79
Nissan Rogue SL 2WD $740 $370 $62
Toyota Camry Hybrid $1,208 $604 $101
Toyota Corolla LE $870 $435 $73
Toyota RAV4 Sport 2WD $1,138 $569 $95
Volkswagen Jetta 2.0T Station Wagon $934 $467 $78
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Estimates do not factor in vehicle location which can affect coverage prices considerably.

Rate comparison for different deductibles

One of the more difficult decisions when buying car insurance is how high should the physical damage coverage deductibles be. The data tables below can help illustrate the rate fluctuation between low and high insurance deductibles. The first price estimate table uses a $250 physical damage deductible and the second price chart uses a $1,000 deductible.

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

Toyota Corolla insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $204 $406 $264 $16 $80 $995 $83
Corolla S $204 $406 $264 $16 $80 $995 $83
Corolla XLE $204 $406 $264 $16 $80 $995 $83
Corolla XRS $230 $406 $264 $16 $80 $1,021 $85
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Toyota Corolla insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $126 $256 $264 $16 $80 $742 $62
Corolla S $126 $256 $264 $16 $80 $742 $62
Corolla XLE $126 $256 $264 $16 $80 $742 $62
Corolla XRS $142 $256 $264 $16 $80 $758 $63
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in specific location which can raise or lower prices noticeably.

We can derive from the above data that using a $250 deductible costs about $22 more each month or $264 for a full year than requesting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 34 months between claims, you would probably come out ahead if you decide on a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $84
Average monthly premium for $1,000 deductibles (subtract): - $62
Monthly savings from raising deductible: $22
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 34 months

One important caveat is that a higher deductible means you pay more out-of-pocket at claim time. That will require some extra funds in the event you need to pay the higher deductible.

Comparison of full coverage and liability-only policies

The chart below illustrates the comparison of GMC Acadia yearly insurance costs with and without physical damage coverage. The rates are based on no claims, a clean driving record, $100 deductibles, single male driver, and no discounts are factored in.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop paying for full coverage

There is no clear-cut formula to delete physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let's assume your GMC Acadia replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying your policy deductible. If you are currently paying more than $200 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping physical damage coverage is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Can you really save if you switch?

Popular car insurance providers such as State Farm, GEICO and Progressive consistently run television and radio advertisements. All the ads say the same thing that drivers can save some big amount after switching your car insurance coverage to their company. How does every car insurance company have lower policy pricing? Here is the trick they use.

Different companies have specific criteria for the type of insured that will most likely be profitable. One example of this type of insured could be between the ages of 30 and 50, carries high limits, and drives less than 5,000 miles a year. Any new insured who matches that profile gets the lowest auto insurance rates and will most likely cut their rates substantially.

Consumers who cannot meet this ideal profile will be quoted more expensive rates and ends up with the prospect going elsewhere. The wording the ads use say "drivers who switch" but not "everyone who gets a quote" can save as much as they claim. That is how companies can make those statements.

This really drives home the point why you really need to compare free Tonawanda car insurance quotes often. You cannot predict with any certainty which company will have the lowest auto insurance rates for your situation.

Auto insurance is an important decision

Even though it can be expensive, auto insurance serves several important purposes.

First, just about all states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance coverage in order to get the vehicle licensed. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your vehicle, most lenders will force you to have insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender may insure your vehicle at a much higher premium rate and require you to pay for the much more expensive policy.

Third, insurance protects not only your vehicle but also your financial assets. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance are without a doubt worth the cost, especially if you ever need it. An average driver in America overpays more than $850 per year so compare rate quotes each time the policy renews to ensure rates are inline.

Lower-cost Tonawanda auto insurance rates with discounts

Auto insurance is easily one of your largest bills, but there may be some discounts to help bring down the price. Some discounts apply automatically at the time of purchase, but a few must be inquired about before they will apply. If you do not check that you are getting every discount you qualify for, you may be paying too high a price.Discount auto insurance

Discounts lower rates, but some credits don't apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, that's just not realistic.

Some of the insurance companies that possibly offer these discounts include:

When getting free Tonawanda car insurance quotes, it's a good idea to each insurance company which discounts you may be entitled to. Discounts might not apply in Tonawanda. To locate providers that have a full spectrum of discounts in New York, follow this link.

Buying from auto insurance agents

A lot of people would rather buy from a local agent and that is OK! A nice benefit of comparing rates online is the fact that drivers can get lower premium rates but still work with a licensed agent. And providing support for local insurance agents is important especially in Tonawanda.

Tonawanda insurance agentsFor easy comparison, once you complete this short form, your insurance data gets sent to local insurance agents who will give you quotes and help you find cheaper coverage. You won't need to leave your house as quotes are delivered to you instantly. You can find better rates and a licensed agent to work with. If you need to quote rates from a particular provider, you can always find their quoting web page and submit a quote form there.

Two types of Tonawanda auto insurance agents

If you want a reliable insurance agency, you need to know there are two different agency structures and how they can write your policy. Tonawanda agents are classified as either exclusive agents or independent agents.

Independent Auto Insurance Agencies or Brokers

Agents of this type are not restricted to one company so they can quote policies with many different companies enabling the ability to shop coverage around. If they quote lower rates, they can switch companies in-house and that require little work on your part. If you are comparing auto insurance prices, you will want to include rate quotes from multiple independent agents to have the best price comparison.

Exclusive Agencies

Exclusive agencies can only provide one company's prices and some examples include State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents are unable to compare other company's rates so they have to upsell other benefits. These agents are well trained on their company's products which can be an advantage.

Deciding on an auto insurance agent requires more thought than just a low price. You should also get answers to these questions.

After talking to the agent and getting good responses as well as offering an affordable quote, you've probably found an auto insurance agent that is reliable enough to properly insure your vehicles.

Your insurance coverage should be tailored to you

Always keep in mind that when comparing the right insurance coverage, there really is not a "perfect" insurance plan. Every insured's situation is different and a cookie cutter policy won't apply.Drive safe and save For instance, these questions may help highlight if your situation will benefit from professional help.

If you're not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Vehicle claim statistics

Are you driving a vehicle that ranks well for claims? The following statistics show the best and worst vehicle models for the probability of having large claims.

Manufacturer Models with the Lowest and Highest Comprehensive Coverage Claims
Lowest Claim Amount Highest Claim Amount
GMC Sierra 2500 Bentley Continental GTC
Ford F-350 BMW M6
Chevy Spark Maserati Granturismo
Chevy Silverado 2500 Bentley Continental GT
Smart ForTwo BMW M6
Nissan Xterra Porsche Panamera GTS

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Car Insurance Medical Payment Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Land Rover Range Rover Sport Mitsubishi Lancer
Tesla Model S Chevrolet Sonic
Ford Expedition Mitsubishi Mirage
Ford F-250 SuperCrew Nissan Versa
Audi A4 Allroad Chevrolet Spark
Chevrolet Corvette Nissan Sentra

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Insurance Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Ford F-150 SuperCrew Bently Continental GTC
Mini Cooper BMW 6 Series
Nissan Xterra Maserati Granturismo
Smart ForTwo Audi RS7
Ford F-250 SuperCab Nissan GT-R
Chevrolet Colorado BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicle Models with the Lowest and Highest Auto Insurance Liability Claims
Lowest Claim Amount Highest Claim Amount
Chevrolet Corvette Mitsubishi Lancer
Subaru Outback Kia Rio
Fiat 500 Chevrolet Sonic
Subaru Forester Chrysler 200
Acura MDX Chevrolet Cruze
Mercedes-Benz SL Class Hyndai Accent

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Cheap insurance premiums are possible

In this article, we covered a lot of ways to reduce insurance rates online in Tonawanda. The most important thing to understand is the more times you quote, the better chance you'll have of finding low cost Tonawanda car insurance quotes. Consumers could even find that the lowest priced insurance comes from a smaller regional carrier. These smaller insurers may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.

When searching for cheap Tonawanda car insurance quotes, it's not a good idea to reduce needed coverages to save money. In many instances, drivers have reduced liability limits or collision coverage only to regret they didn't have enough coverage. The aim is to get the best coverage possible at the best cost while still protecting your assets.

More affordable insurance in Tonawanda can be purchased from both online companies in addition to local insurance agencies, and you should be comparing both to have the best rate selection. Some insurance companies do not offer price quotes online and many times these regional carriers work with local independent agencies.

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