Are you researching the cheapest auto insurance rates in Valley Stream, NY? I can't think of anyone who likes paying for auto insurance, especially when they are aware that it costs too dang much.
Surprisingly, a recent survey revealed that the vast majority of auto insurance customers kept buying from the same company for at least four years, and almost half have never even compared rates from other companies. Many drivers in Valley Stream could cut their rates by approximately $840 a year, but most just don't grasp the rate savings if they moved their coverage to a different company. There is such a variety of car insurance companies to insure vehicles with, and although it's a good thing to have a selection, it can be more difficult to find the lowest cost provider.
It is always a good idea to get comparison quotes every six months since insurance prices tend to go up over time. Despite the fact that you may have had the lowest price on auto insurance on your last policy the chances are good that you can find a lower rate quote today. There is a lot of bad advice regarding auto insurance online, but you can learn some tested techniques to slash your auto insurance rates in Valley Stream.
Locating the most cost-effective car insurance policy in Valley Stream is not that difficult as long as you know where to start. If you currently have car insurance, you stand a good chance to be able to save money using the techniques covered below. Comparison shoppers only need to know the fastest way to compare rates online.
Lowering your car insurance rates can be quick and easy. Drivers just need to spend a little time to compare rate quotes to discover which company has low cost Valley Stream car insurance quotes.
Doing price comparisons online is so simple that it takes the place of having to call or drive to local Valley Stream insurance agencies. Doing it all online makes this process obsolete unless you have a complicated situation and need the peace of mind of a licensed agent. It is possible to price shop online but buy the policy through an agent.
The following companies can provide free rate quotes in Valley Stream, NY. In order to find cheap car insurance in New York, we recommend you visit two to three different companies to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LS AWD||$694||$347||$58|
|Chevrolet Impala LTZ||$736||$368||$61|
|Chevrolet Silverado LTZ Crew Cab 4WD||$770||$385||$64|
|Dodge Ram Crew Cab ST 2WD||$1,098||$549||$92|
|Ford Escape XLS 2WD||$762||$381||$64|
|Ford F-150 XL Regular Cab 2WD||$736||$368||$61|
|Ford Focus SES 4-Dr Sedan||$906||$453||$76|
|Honda Accord LX-P 4-Dr Sedan||$680||$340||$57|
|Honda CR-V EX-L 2WD||$542||$271||$45|
|Honda Civic LX 4-Dr Sedan||$836||$418||$70|
|Honda Odyssey EX-L W/Rear Entertainment||$738||$369||$62|
|Mazda 3 S Sport 4-Dr Hatchback||$1,018||$509||$85|
|Nissan Altima Hybrid 4-Dr Sedan||$1,096||$548||$91|
|Toyota Camry LE||$698||$349||$58|
|Toyota Corolla XRS||$954||$477||$80|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$700||$350||$58|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Prices do not factor in zip code location which can revise insurance rates significantly.
How high should deductibles be?
One of the most common auto insurance questions is where should you set your physical damage deductibles. The figures shown below can help you understand the rate fluctuation of buying low and high physical damage deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second data table uses a $500 deductible.
Nissan Altima 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|
|Altima 2.5 4-Dr Sedan||$228||$412||$264||$16||$80||$1,025||$85|
|Altima 2.5 S 4-Dr Sedan||$228||$484||$264||$16||$80||$1,097||$91|
|Altima Hybrid 4-Dr Sedan||$258||$484||$264||$16||$80||$1,127||$94|
|Altima 2.5 S 2-Dr Coupe||$258||$484||$300||$18||$90||$1,175||$98|
|Altima 3.5 SR 4-Dr Sedan||$258||$484||$264||$16||$80||$1,127||$94|
|Altima 3.5 SR 2-Dr Coupe||$258||$558||$300||$18||$90||$1,249||$104|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$166||$278||$264||$16||$80||$804||$67|
|Altima 2.5 S 4-Dr Sedan||$166||$328||$264||$16||$80||$854||$71|
|Altima Hybrid 4-Dr Sedan||$188||$328||$264||$16||$80||$876||$73|
|Altima 2.5 S 2-Dr Coupe||$188||$328||$300||$18||$90||$924||$77|
|Altima 3.5 SR 4-Dr Sedan||$188||$328||$264||$16||$80||$876||$73|
|Altima 3.5 SR 2-Dr Coupe||$188||$378||$300||$18||$90||$974||$81|
|Get a Quote for Your Vehicle Go|
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific location which can revise price quotes greatly.
We can derive from the above data that using a $100 deductible costs approximately $20 more each month or $240 a year than choosing the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 20 months between claims, you would most likely save money if you choose the higher deductible. Here is a better example of how we made this calculation.
|Average monthly premium for $100 deductibles:||$94|
|Average monthly premium for $500 deductibles (subtract):||- $74|
|Monthly savings from raising deductible:||$20|
|Difference between deductibles ($500 - $100):||$400|
|Divide difference by monthly savings:||$400 / $20|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||20 months|
How accidents and tickets impact rates
The diagram below illustrates how speeding tickets and at-fault fender-benders drive up Chevrolet Silverado car insurance costs for different age groups. The premium estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.
Choosing vehicle insurance is an important decision
Despite the potentially high cost of auto insurance, buying auto insurance serves several important purposes.
First, the majority of states have compulsory liability insurance requirements which means you are required to carry a specific level of liability insurance in order to drive the car. 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 bought your vehicle with a loan, most lenders will force you to have comprehensive coverage to guarantee their interest in the vehicle. If the policy lapses, the lender may insure your vehicle at a much higher premium rate and require you to pay the higher premium.
Third, auto insurance protects both your car and your personal assets. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of carrying enough insurance greatly outweigh the cost, specifically if you ever have a liability claim. The average driver in America is overpaying more than $865 each year so we recommend shopping around every year to help ensure money is not being wasted.
The ad said I'd save $426 a year!
New York drivers can't ignore all the ads that promise big savings for switching by companies like Progressive, GEICO, Allstate and State Farm. They all seem to state the claim that you'll save big if you change your coverage to them.
But how can every company charge you a lower premium? Here is how they do it.
All companies look for specific characteristics for the driver they prefer to insure. For instance, this type of driver might be described as over the age of 40, has other policies, and insures a new vehicle. Anybody who matches that profile may get the lowest premium rates in Valley Stream and will also save a lot of money.
Drivers who are not a match for these standards may receive higher prices which leads to the customer not buying. The trick is to say "people who switch" not "all people who quote" can save as much as they claim. That is how insurance companies can lure you into getting a quote. Because of these techniques, you really need to get as many free Valley Stream car insurance quotes as possible. Because you never know with any certainty which company will have the best car insurance rates for your profile.
Car insurance policy discounts you can't miss
Companies offering auto insurance don't always list every available discount very clearly, so the list below gives a summary of both the well known as well as the least known discounts you could be receiving when you buy Valley Stream car insurance online.
- Military Discounts - Being on active deployment in the military can result in better prices.
- Anti-lock Brake Discount - Vehicles with anti-lock braking systems have fewer accidents so you can save 10 percent or more.
- Safety Course Discount - Taking time to complete a course in driver safety could earn you a small percentage discount and also improve your driving technique.
- E-sign Discounts - A few larger companies may give you up to $50 for signing up on the web.
- Distant Student Discount - Older children who are enrolled in higher education away from home without a vehicle on campus can be insured at a reduced rate.
- Include Life Insurance and Save - Not all companies offer life insurance, but some may give you a break if you buy some life insurance in addition to your auto policy.
- Telematics Discount - Valley Stream drivers who agree to allow driving data submission to study driving patterns through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive may see discounts if they show good driving skills.
- Discounts for Cautious Drivers - Accident-free drivers can save up to 40% or more on their Valley Stream car insurance quote as compared to drivers with claims.
A quick disclaimer, most credits do not apply to all coverage premiums. Most only reduce specific coverage prices like medical payments or collision. Even though it may seem like you could get a free car insurance policy, companies don't profit that way.
A list of car insurance companies and their possible discounts are included below.
- State Farm includes discounts for accident-free, multiple policy, Steer Clear safe driver discount, good student, defensive driving training, and driver's education.
- Farmers Insurance offers discounts for switch companies, good student, alternative fuel, business and professional, early shopping, and electronic funds transfer.
- GEICO offers discounts including emergency military deployment, seat belt use, driver training, multi-policy, daytime running lights, anti-theft, and multi-vehicle.
- American Family may have discounts that include bundled insurance, good driver, air bags, mySafetyValet, early bird, good student, and TimeAway discount.
- Nationwide has savings for family plan, anti-theft, easy pay, defensive driving, business or organization, accident-free, and good student.
- Progressive may offer discounts for multi-vehicle, online signing, online quote discount, good student, and continuous coverage.
Before buying, ask all companies you are considering to give you their best rates. A few discounts may not apply to policies in your area. If you would like to view car insurance companies with the best car insurance discounts in Valley Stream, click here to view.
Car insurance is available from your local insurance agencies
A small number of people would rather have an agent's advice and we recommend doing that Good insurance agents can answer important questions and help file insurance claims. A good thing about getting online price quotes is that you can obtain cheap car insurance rates and also buy local.
After filling out this quick form, your insurance coverage information is immediately sent to local insurance agents in Valley Stream who will give competitive quotes for your insurance coverage. You won't need to search for an agent due to the fact that quote results will go immediately to you. If you have a need to get a comparison quote from a specific insurance company, just jump over to their website and give them your coverage information.
Finding the right insurer should include more criteria than just a cheap quote. Any agent in Valley Stream should have no problem answering these questions:
- How are they compensated?
- Is the agency covered by Errors and Omissions coverage?
- Who are their largest clients?
- Does the agent have a valid license to sell insurance in New York?
- What kind of financial rating does the company have?
If you prefer to buy car insurance from a local Valley Stream insurance agency, you need to know there are two different types of agents and how they are distinctly different. Car insurance agencies can either be exclusive or independent. Either one can sell affordable car insurance policies, but it's worth learning how they are different because it can impact which type of agent you select.
Exclusive Car Insurance Agencies
Agents that choose to be exclusive have only one company to place business with like Farmers Insurance and State Farm. Exclusive agents cannot compare rates from other companies so keep that in mind. These agents receive a lot of sales training in insurance sales which aids in selling service over price.
Agents of this type do not sell for just one brand so they can write business with many different companies and find you the best rates. To move your coverage to a new company, they can switch companies in-house which makes it simple for you.
When comparing car insurance rates, it's a good idea to get insurance quotes from several independent insurance agents so that you can do a thorough price comparison.
After receiving positive responses to any questions you may have and cheap Valley Stream car insurance quotes, you may have just found an insurance agent that meets your needs to properly insure your vehicles.
Auto insurance can be complex
When it comes to buying coverage for your vehicles, there isn't really a best way to insure your cars. Every situation is different.
For example, these questions may help you determine if you may require specific advice.
- Do I need medical payments coverage since I have good health insurance?
- Can I insure my car for more than it's worth?
- When should I not file a claim?
- When should I remove my kid from my policy?
- Am I missing any policy discounts?
- Am I covered by my spouse's policy after a separation?
- What are the best liability limits?
- Do I have any recourse if my insurance company denies a claim?
- Does car insurance cover theft of personal property?
- Who does medical payments coverage extend to?
If you don't know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form. It's fast, free and may give you better protection.
Coverages available on your policy
Having a good grasp of insurance can be of help when determining the right coverages and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement.
Liability coverages - This coverage will cover damages or injuries you inflict on other's property or people. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/10 that means you have $25,000 in coverage for each person's injuries, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability coverage pays for claims such as funeral expenses, medical expenses and medical services. How much liability coverage do you need? That is up to you, but it's cheap coverage so purchase as large an amount as possible. New York requires drivers to carry at least 25/50/10 but you should think about purchasing more coverage.
Comprehensive or Other Than Collision - Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as damage from getting keyed, hail damage and vandalism. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low consider removing comprehensive coverage.
UM/UIM Coverage - This coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your vehicle.
Since many New York drivers carry very low liability coverage limits (25/50/10 in New York), it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.
Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for dental work, prosthetic devices and nursing services. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverages - This covers damage to your vehicle caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like colliding with a tree, sideswiping another vehicle, hitting a parking meter and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.
When searching for the cheapest Valley Stream car insurance quotes, make sure you don't buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.
Consumers who switch companies do it for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, questionable increases in premium or even policy cancellation. Whatever your reason, finding a new company is not as difficult as it may seem.
We covered some good ideas how to get a better price on auto insurance in Valley Stream. The key concept to understand is the more rate comparisons you have, the better chance you'll have of finding cheaper Valley Stream car insurance quotes. Consumers may even find the best prices are with a small local company.
More tips and info about auto insurance can be read by following these links:
- Tread Depth and Tire Safety (State Farm)
- Who Has the Cheapest New York Auto Insurance for High Risk Drivers? (FAQ)
- Who Has Affordable New York Car Insurance Rates for a Toyota Tacoma? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in New York? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for First-time Drivers in New York? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in New York? (FAQ)
- What Car Insurance is Cheapest for Good Students in New York? (FAQ)
- What is the Best Cheap Car Insurance in Mount Vernon, NY? (FAQ)
- Who Has the Cheapest Auto Insurance for Single Moms in New York? (FAQ)
- What is the Cheapest Car Insurance in Cheektowaga, New York? (FAQ)
- What is the Cheapest Auto Insurance in Irondequoit, New York? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Determing Auto Insurance Rates (GEICO)
- Five Mistakes to Avoid (Insurance Information Institute)
- Auto Insurance Learning Center (State Farm)