Cutting costs on New York car insurance is always a challenge for beginners to buying insurance online. There are so many companies to choose from that it can quickly become a real hassle to compare prices in New York.
Companies that sell car insurance don’t list every discount very well, so we took the time to find both the well known and also the lesser-known ways to save on car insurance. If you don’t get every credit possible, you are throwing money away.
A little note about advertised discounts, most discounts do not apply the the whole policy. Most cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates adding up those discounts means a free policy, companies wouldn’t make money that way.
To choose insurers with the best car insurance discounts in New York, follow this link.
Getting a cheaper price on insurance is not a difficult process. You just have to spend a few minutes comparing rates provided by online insurance companies. This can be done in several different ways.
To view a list of companies in New York, click here.
It’s up to you which method you use, but ensure you are comparing identical quote information for each comparison quote. If you are comparing unequal deductibles or liability limits it’s impossible to make a fair comparison in New York.
Having a good grasp of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.
Liability coverage provides protection from damages or injuries you inflict on a person or their property by causing an accident. 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 policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers things such as repair costs for stationary objects, bail bonds, structural damage and attorney fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. New York state minimum liability requirements are 25,000/50,000/10,000 but drivers should carry more liability than the minimum.
Medical payments and Personal Injury Protection insurance pay for immediate expenses such as rehabilitation expenses, chiropractic care, hospital visits, nursing services and surgery. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as a broken windshield, theft, vandalism, damage from a tornado or hurricane and falling objects. The highest amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision insurance covers things like scraping a guard rail, hitting a parking meter, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.
Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since many New York drivers have only the minimum liability required by law (25/50/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Consumers who switch companies do it for any number of reasons including delays in responding to claim requests, unfair underwriting practices, questionable increases in premium or even extreme rates for teen drivers. Regardless of your reason for switching companies, switching companies is not as difficult as it may seem.
Low-cost car insurance can be purchased online and also from your neighborhood New York agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies may not provide online quoting and most of the time these regional insurance providers sell through independent agents.
When trying to cut insurance costs, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, someone sacrificed collision coverage only to regret they didn’t purchase enough coverage. The proper strategy is to find the BEST coverage at a price you can afford.