Most Americans must pay for car insurance, and there are numerous businesses competing for your business. However, understanding how costs are calculated and obtaining multiple quotes can help you save money on auto insurance while protecting your investment from damage and loss. Also, you will have a better chance of being a pleased customer if you look at customer satisfaction scores. To assist you, we will go over in detail the best car insurance companies in New York from which to choose.
The state of New York’s highways are the busiest in the United States since the state’s population includes more than 12 million drivers. And because there are so many drivers on the road at any given time, the likelihood of a driver being involved in an accident is increased. Therefore, if you drive and own a car in the state of New York, you need to get car insurance not only for your own protection but also because the law requires you to have it.
In the state of New York, the cost of car insurance is relatively expensive, so some drivers may not have the financial means to purchase complete coverage. How exactly do you go about finding the best car insurance in New York that not only satisfies your requirements but is also affordable?
The Best Car Insurance In New York
There is no such thing as “fault” in New York. This means that your car insurance company will pay your hospital bills regardless of whether you are at fault. No-fault insurance, also known as PIP, only pays for injuries to people. It doesn’t pay to fix your or someone else’s destroyed car or personal property.
Therefore, consider adding extra coverage to your policy, such as comprehensive or collision insurance, if you want to recover the costs of fixing a damaged or totaled car. If you work with an insurance agent, they can help you get the best deal on the coverage you need.
The Best Car Insurance In New York: Types of Car Insurance Coverage
There are five main types of coverage that you can add to your car insurance strategy. Different types of insurance protect you in different ways if you lose something. Liability coverage, which guards against property loss and personal injury, is a must. Some people choose to add extra coverage to their insurance to get even more protection. Some of those choices are shown below:
- The basic coverage that is required by law in most states is liability coverage. The two types of liability coverage are bodily harm liability and property damage liability.
- Collision coverage pays for fixes that happen because of a crash with something other than another car.
- Complete coverage: This protects your car in case of harm from an accident that isn’t a car. Theft, harm from the weather, and vandalism are all covered events.
- Personal injury insurance pays for your medical bills and lost wages after an accident.
- Uninsured motorist coverage protects your car in case of a hit-and-run accident.
The Best Car Insurance In New York: Factors To Consider
You might find it hard to find a policy that fits your needs because there are so many things that affect the cost of car insurance. When picking a new car insurance company, these things should always be on your mind:
#1. Customer Service
What kind of website does the business have? It looks pretty simple, right? Where can I talk to an agent in person? Are there places close by? When you call, do they answer right away?
Car insurance shouldn’t cost more than it needs to. Check with different insurance companies to get the best rates. Ask about deals and other ways to save money on your yearly premium.
#3. Different kinds of Coverage
Can you get all the coverage you need from this company? Can you combine their coverage with that of your home, renters, boat, or motorbike?
To do this, you can get auto insurance quotes from Policygenius and select the coverage that best suits your needs.
The Best Car Insurance In New York: Requirements
If your car is registered in New York, state law says drivers must meet the following minimum insurance requirements:
- $10,000 for property damage for a single accident
- $25,000 for bodily injury and $50,000 for death for a person involved in an accident
- $50,000 for bodily injury and $100,000 for death for two or more people in an accident
- Have continuous coverage on a car, even if it is inoperable or not being driven.
- A business that has obtained both NY State DMV certification and a license from the New York State Department of Financial Services must issue the insurance.
How Can I Lower My Car Insurance in New York?
There are a lot of ways to save money on car insurance in New York. See below for a list of some of the most popular car insurance discounts and how to get them:
- Bundling Discounts
- Discounts are available for several cars
- Cost savings for being a responsible driver:
- Discount applicable to military personnel:
- Discounts are generously extended to students
These are but a few of the savings that insurance companies provide; therefore, it is important that you inquire about any further reductions that might be available to you.
The Best Car Insurance In New York: Best Companies
The best car insurance company offers comprehensive coverage at competitive prices while also providing superior assistance to policyholders. When looking for car insurance, cost is a component that should be considered, but it shouldn’t be the only issue. You should go with a company that has a good satisfaction rate among its previous clients
When you need to make a claim, the procedure will go quickly and easily for you if you do it in this manner. In the same vein, a reliable car insurance company will reward loyal customers with a generous selection of premium reductions and savings opportunities. Let’s take a look at some examples:
Geico is the best car insurance company for cheap coverage because their average prices for both minimum and full coverage are the lowest. It also has a pretty good customer satisfaction score from J.D. Power, an A++ rating from AM Best, and an A+ rating from the Better Business Bureau (BBB). Geico also offers a lot of different types of insurance, such as homeowners and renters insurance, which makes it easy to group your coverage and save money. Customers who are good with technology might like that both websites and mobile apps have a lot of different features. These features are similar to those of their competitors, and they let you make a claim, call for roadside assistance, and change how you pay your bills.
#2. Travelers Insurance
Travellers let you make changes to your car insurance policy to fit your needs. Travellers don’t try to sell more to users; instead, they have a lot of tools (like blog posts) that are meant to educate drivers before they buy coverage. A happy customer is one who knows what they’re buying. As with most of the other companies on this list, Travellers lets you save money by bundling your home and car insurance into one package. So, if you can get your car insurance and home or renter’s insurance together, you can save a lot of money. You can get savings from Travellers if you drive safely, have more than one car, are a loyal customer, pay your bills on time, finish driver training programs, and tend to be a good student.
Nationwide has one of the largest networks for car insurance. There is coverage in 46 states and the District of Columbia, but not in Alaska, Hawaii, Louisiana, or Massachusetts. This is an important difference to make because when there are many companies fighting for your business, the rates go down.
This company has some of the lowest average car insurance rates for full coverage and some of the highest average rates for basic coverage. If you can bundle your insurance policies, you can save money on your overall coverage. There’s also a different Nationwide app that you can use to keep track of your driving, like how often you don’t speed, and the company will reward you for being a safe driver.
#4. State Farm
The National Association of Insurance Commissioners (NAIC) says that State Farm has the largest market share of any car insurance company in the United States. It has the best average J.D. Power score of all the companies on this list, which means that customers are very happy with it.
State Farm has rates for all types of drivers and some of the lowest full-coverage car insurance rates around. Their rates for minimum coverage are about average. AM Best gives State Farm an A++ grade, which means the company is in great financial shape. State Farm offers a lot of different types of insurance besides auto insurance, so make sure you include all of them in your quote. The cost of your insurance might go down if you shop around.
The best insurance company for high-risk drivers is Progressive. This is especially true for people who have had a DUI or DWI in the past. Most of the time, high-risk drivers pay more for insurance than other drivers. However, Progressive usually has lower rates for these types of drivers than other insurers. It costs about $2,049 a year to get full coverage after a DUI or DWI.
This company offers coverage in all fifty states and has some helpful features, such as an accident forgiveness program that can help drivers keep their rates from going up after an accident. But Progressive doesn’t quite make the cut when it comes to customer satisfaction.
USAA stands out because it gets good marks for many things. To begin with, it has the cheapest usual premiums. Customer satisfaction is also very important because no one wants to have a bad experience with customer service when they need to file a claim. USAA has the best satisfaction scores, according to J.D. Power, so you know you’re “in good hands.”
What’s the catch? Not everyone can get USAA car insurance. Only active-duty military, veterans, and their close family members can get one. However, USAA offers rates that are even lower than Geico’s, making it one of the most cost-effective insurance options available. People who switch save about $725 a year on average. You can save up to 10% if you bundle your home and car insurance, or your renters and car insurance.
The Best Car Insurance In New York: Average Cost
Car insurance rates can be very different from one state to the next because each state has its own rules and laws. As an example, car insurance costs more in Michigan and New York, which are “no-fault” states, than in other parts of the country. The average cost of car insurance in each state is shown below.
State Annual cost for full coverage Annual cost minimum
- Wyoming $1,582 $263
- Wisconsin $1,292 $358
- West Virginia $1,580 $421
- Washington D.C. $2,072 $607
- Washington $1,410 $515
- Virginia $1,439 $494
- Vermont $1,061 $238
- Utah $1,510 $539
- Texas $2,019 $565
- Tennessee $1,429 $371
- South Dakota $1,553 $276
What is the cheapest car insurance in NY?
Progressive is the cheapest company in New York City, with rates as low as $92 per month for liability coverage and $143 for full coverage
Who is cheaper, Geico or Liberty Mutual?
Geico is usually a cheaper option than other top insurance companies, including Liberty Mutual.
Can you ask insurance to lower the price?
Auto insurance prices are non-negotiable, so you can’t ask your car insurance company to lower your rates.
Does credit score affect car insurance?
Yes, they can also affect your car insurance premiums