What Are The Cheapest States For Car Insurance
Everyone hopes they live in a state with cheap car insurance. Check to see if you live in the top 10 cheapest states for full coverage insurance:
In the U.S., the average cost among the top 10 least expensive states is about 30% lower than the national average. This means that car insurance in the 10 cheapest states is significantly more affordable, especially for people with a good driving history.
There are a few reasons why these states offer the least expensive car insurance. A few statesMaine, Vermont and North Dakotahave very few uninsured drivers, according to the Insurance Information Institute . Additionally, many of these states are located in regions that are not prone to severe weather, like hurricanes, which can easily damage a vehicle.
Do I Need More Than The Minimum Required State Coverage In New York
Even though New York requires more forms of insurance than many other states, the limits are still very low. The $25000 limit might swiftly be exhausted if you gravely harm someone in an at-fault accident. Furthermore, because $10000 in property damage is less than half the cost of a new car, you may be personally liable for the remaining losses.
It is strongly advised that you increase your insurance limits. Most insurance companies will enable you to do so for a little premium increase. Liability coverage levels of at least 50/100/50 are advised, though you should consider going even higher if you have assets such as a home. There are also many coverage kinds to select to give additional security for yourself and your car.
See what you could save on auto insurance
Do Age And Gender Affect What Rates You Receive With Auto Insurance
Your age and gender can impact your insurance rate.
These states no longer use gender to calculate your car insurance rates Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania. But age is still a large factor because young drivers are considered high-risk drivers in New York City. NY does use gender, so check out the average monthly car insurance rates by age and gender in New York City, NY.
New York City, NY car insurance rates by company and age is an essential comparison because the top car insurance company for one age group may not be the best company for another age group.
Insurance rates are calculated based on aggregated data coupled with your individual information to assess the risk of a claim.
If you pose a higher risk, insurance companies will charge a higher premium.
E.g., teens do not have a long driving record or a credit history that insurance companies can use to calculate the rate. Therefore, an insurer will charge higher for the premium, as teens are generally considered prone to unsafe driving.
A risky driving characteristic can translate to a higher risk of a claim.
Of course, this generalization does not apply to everyone. But, in the absence of the other reliable data, an insurance company will price you according to the probable driving behavior.
However, as you grow older and maintain a good driving record, you can hope to see a drastic fall in your insurance rate.
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New York Car Insurance Laws
To drive legally in New York State, drivers must obtain car insurance and follow insurance requirements. Although the insurance limits in New York are higher than in many other states, the minimum requirements may not be sufficient to protect you effectively.
Because New York is a no-fault state, drivers must have personal injury protection coverage in addition to liability insurance. The state also requires uninsured motorist coverage.
The following is a complete list of New York auto insurance requirements:
- $10,000 for property damage for a single accident
- $25,000 for bodily injury for a single person in an accident
- $50,000 for bodily injury per accident
- $50,000 for personal injury protection
- $25,000 per person/$50,000 per accident for uninsured motorist bodily injury
Please remember that these are the bare minimums that your insurance coverage must meet. On the other hand, additional coverage can be purchased for more security.
Your auto insurance provides you with what is known as Proof of Financial Responsibility under the law. Your insurance card indicates to others that you are financially capable of covering damages or injuries sustained in an accident. When you present it after an accident, you demonstrate that you are capable of bearing the costs associated with the accident.
The following are the three alternatives available to you:
Minimum Required Auto Insurance Coverage In New York
While New York law mandates only a minimum amount of liability auto insurance, car insurance companies in New York recommend that you pay up to $100,000 in injury liability per person and $300,000 per accident.
If you are looking into New York insurance for your car, remember that New York is a no-fault auto insurance state. This means that even if the other person is at fault, your Personal Injury Protection insurance will pay your benefits up to the policy limits. Medical bills, lost wages, death benefits, and certain incidental expenditures originating from a traffic collision are covered by no-fault auto insurance in New York.
The following are the minimum auto insurance requirements for New York state insurance:
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Why Is New York Car Insurance So Expensive
Car insurance in New York is expensive because it is a no-fault state. This means every driver involved in an accident must file a claim with their own insurance company, regardless of who is at fault. The rates for New York auto insurance also skew on the higher end because of the increased risks that come from driving in the area surrounding New York City.
Proof Of Auto Insurance In New York
Simply put, proof of insurance is a document that proves you have the minimum amount of auto insurance coverage required to drive legally in your state. State-by-state liability insurance regulations vary, although auto insurance is required in every state.
In New York, drivers are required to have a minimal minimum amount of liability coverage to cover bodily injury or property damage caused by a car accident for which they are held responsible. This proof of coverage merely informs authorities that you have the necessary auto insurance to drive legally in your state.
Proof of insurance is one of the first documents a law enforcement officer would ask to see in the case of a car accident or traffic violation. To be legal behind the wheel in New York, drivers must have car insurance. While driving, proof of insurance must also be carried at all times.
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The Cheapest States For Car Insurance
North Carolina, Ohio, Wisconsin, Idaho, and Vermont are the states with the cheapest average car insurance rates, according to our analysis.
The cheapest states for car insurance typically have lower minimum coverage requirements, meaning you can save by opting out of certain types of coverage. Idaho, for instance, doesnât mandate personal injury protection , which is required in no-fault states and covers your injuries after an accident, or uninsured/underinsured motorist coverage, which covers damage caused by a driver without insurance.
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Cheapest Company For Full Coverage Quotes: Progressive
For cheap full-coverage insurance in New York, Progressive is the cheapest option for most people. Progressive’s rates are $776 cheaper than average for our sample driver, at $1,335 per year.
The average cost of full coverage auto insurance in New York is $2,111 per year, or $176 per month, but drivers may find cheaper rates by comparing car insurance companies.
USAA is only available to current and former military members and their families.
Drivers may also find affordable quotes at USAA, which charges only slightly more: $1,432 per year. However, USAA is only available to people who have served in the military and their family members.
Auto insurance policies with full coverage include more than the minimum liability insurance limits, as well as comprehensive and collision coverage. This means you are covered for damage caused in an accident where you are at fault. Collision coverage pays for damage to your own vehicle.
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Your Sex Marital Status And Age
Once again, this isnt really something you can control, but insurance companies will look at historical averages of accidents based on your demographic and factor that into your premium.
Males, for example, tend to pay more. Your auto insurance provider will look at your gender, marital status, and age. And guys just get the short end of the stick when it comes to car insurance, especially early on in their driving careers, because of historic averages with accidents and traffic violations.
The Type Of Car You Drive
This is one thing thats well within your control. Insurance companies will want to know if youre driving a safe, boring car or a souped-up speedster that tends to get in a lot of accidents or gets stolen a lot.
It doesnt matter how safe you feel in your car. If youve chosen a car that the insurance companies deem risky, youll pay for it. Many times, smaller, sportier cars get the brunt of this.
Also, the rumor about a car being red costing more in insurance is completely false. According to Esurance, the year, make, model, body style, and the age of your vehicle are what matter when it comes to the car you drive.
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Always Get Car Insurance Quotes When Vehicle Shopping
Car sales plunged last year, with U.S. new vehicle sales in 2020 dropping a whopping 14.6% overall to 14.6 million vehicles compared to 17.1 million in 2019. This is the lowest number of cars sold since 2012. The pandemic hit automakers across the board, with only Tesla, Volvo and Mazda selling more cars last year than they did in 2019. However, sales are picking up in 2021.
If youre one of the many people in the market for a new car in 2021, you should always get insurance quotes for any vehicles that have made your shortlist. Always consider the cost of insurance when shopping for a new car, says Gusner.
Insurance costs can vary dramatically between vehicles, which pushes up the total cost of ownership. Make sure you have the budget for both the car and its insurance. Penny Gusner, senior consumer analyst for Insure.com.
Spot checking the cost of insurance is often overlooked in the car-shopping process. People will often research nearly everything about the car buying process, except what it would take to insure the vehicle they wanted, says Carl Anthony, Managing Editor at Automoblog.net.
They do all of their homework about negotiating the best price yet unintentionally forget to consider insurance coverage, which is one of the most significant expenses immediately following the purchase of any new vehicle. The best advice is to seek out and understand your insurance coverage options before heading to the dealership, advises Anthony.
Compare Insurance Costs Before Buying A Car
This is so often overlooked. Many times when you buy a car, you know what you want. Whether its a specific model or just the cheapest car available . What many of us often forget to do, though, is determine what it will cost to insure each of these cars.
Heres an example. If youve narrowed your search down to two carsCar A at $20,000 and Car B at $25,000you might choose the cheaper option, all things being equal.
But in doing some research you might find that Car A costs double the amount to insure. As long as you have the car, youll be paying this premium.
Think about these things before purchasing a new or used vehicle. Your current insurance company will be more than happy to give you a quote on a few vehicles youre comparing, so you know exactly what to expect.
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What Is The Air Quality Like In New York City
Vehicular emission, which includes particulate matter, volatile organic compounds, and nitrogen oxide, is one of the major contributors to air pollution globally.
According to the EPA, the transportation sector is responsible for:
- Over 55 percent of NOx total emissions in the country
- Less than 10 percent of VOCs emissions in the country
- Less than 10 percent of PM2.5 and PM10 emissions in the country
According to the EPAs Air Quality Index Report, the New York metro area had only two days of very unhealthy air.
What Is The Average Cost Of Car Insurance In New York For High
“Safety first” is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for “good driver” and “accident-free” discounts. But what if your record is less than perfect?
Drivers with a speeding ticket in New York should expect their monthly rate to increase marginallyâplus fines. Drivers with an at-fault accident on their insurance record should expect to see monthly rates increase by around $315. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.
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How To Use Our Rankings Of The Cheapest Cars To Insure
Were here to help you make sure the cost of car insurance is within your budget.
We can help you find an affordable car insurance policy for just about any car quickly and easily. The Insure.com comparison tool makes comparing insurance rates simple. You compare the cost of insurance on up to 10 different vehicles, so you can narrow down your choices before you make a final decision on a car. If youre looking for an older car, we have a used car rate tool as well.
Both of our tools show the national average as well as state average annual rate. That makes it easy to go onto the next step and shop for a great car insurance policy at a price you can afford.
And remember, the vehicle is just one of the many rating factors that insurers look at. Our rates are an average based on a driver with good credit and a clean record if your credit is only so-so or you have a ticket or two, then your rates may be a bit higher. Our average rates are a jumping-off place to continue to get accurate quotes based on your specific situation.
Buying a new vehicle is something to be excited about! But make sure you consider all factors of buying a new car, including insurance rates, before you take the plunge.
The least expensive rankings were based on the best-performing trim line of each model. The most expensive rankings were determined by the worst-performing trim line of each model.
Cheapest Minimum Coverage Car Insurance In New York For 20
Drivers in New York who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:
Main Street America: $904 per year, or about $75 per month.
Erie: $1,156 per year, or about $96 per month.
Geico: $1,203 per year, or about $100 per month.
Progressive: $1,291 per year, or about $108 per month.
Preferred Mutual: $1,622 per year, or about $135 per month.
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The Best Way To Lower Your Car Insurance Rates
Wherever you live, you dont have to accept high insurance rates. Whether your driving record is spotty or spotless, you can shop around for a better deal and better coverage. Here are a few ways to save:
- Drop collision coverage. If you drive an older car, it may be smart to cancel collision coverage, which pays to repair damage to your own car when youre at fault. We ran the numbers on when it makes sense to drop collision.
- Consider signing up for a telematics program. You can get a discount on car insurance if you let your insurer track your driving habits with a little electronic device. Learn how telematics works.
- Stop speeding. Having a clean driving record is the best thing you can do to lower your insurance rates.
Compare auto insurance quotes on Compare.com. Instead of spending hours getting quotes from multiple insurers , you can get multiple free quotes in minutes. Try it today!
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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All…
Written byRachel Bodine Insurance Feature Writer
Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina.He has also earned an MFA in screenwriting from Chapman Univer…
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