If you are in the market for the lowest auto insurance rates in New York, you’ll need to do a little legwork before you can lock down the cheapest rates possible. And, you should also be aware that the least expensive auto insurance policy isn’t necessarily the best one to protect you, your family, and your accumulated assets.
Still, it does pay to become knowledgeable about what the prevailing rates are for individuals under various rating scenarios. Granted, auto insurance rates are based on a number of rating purposes by classifications. This is to ensure that risks with similar characteristics, such as age, sex, marital status, territories, annual mileage, vehicle use (for pleasure or work), and driving experience, receive comparable treatment.
A good place to begin gathering information is the New York State Insurance Department’s Consumer Guide to Automobile Insurance. This helpful resource offers valuable advice on how you can wisely shop for cost-effective auto insurance from some of the more than 200 insurers competing for your business in the Empire State.
How can you gauge what your insurance rates may be in various parts/territories of New York? Check out the sample representative rates for unmarried male, age 20; unmarried female, age 20; married male, age 35; married female, age 35; retired married male, age 69, and retired married female, age 69 for the territories of Staten Island, Brooklyn, New York (Manhattan), Queens (urban), Hempstead, Newburgh, Queens (suburban), Middletown, Rockland, Suffolk County West, Mount Vernon and Yonkers.
Also check out representative rates for the various scenarios in Buffalo, Schenectady, Rochester, Syracuse, Albany, Utica, Elmira, Binghamton, Poughkeepsie, Troy, Syracuse (suburban), Rochester (suburban), Buffalo (suburban), Ontario, Cortland County, etc., Columbia County, etc., Delaware County, etc., Clinton County, etc., Albany County (balance), and Sullivan County Central.
What you will find is that the sample insurance premiums vary quite a bit, ranging from the mid- to low hundreds (under $1,000) to the high thousands, again, depending on the scenario, the location (territory), and other factors. Be sure to check out the notes to Appendix 1 for the six specific types of drivers. For example, all are rated as driving 10,000 miles annually, having been licensed three years at the policy’s effective date, having no surchargeable violations or accidents, and so on.
You may also wish to check out the list of higher premium vehicles that begins on page 23 and the difficult to insure list of vehicles that begins on page 26, just to give you an idea of the range covered in higher-cost auto insurance policies or those that are hard to get.
But, back to finding the lowest auto insurance rates in New York, there’s simply no substitute for doing your due diligence and searching out the best policy for you. The easiest way to ensure you always get the lowest rate is to maintain a good driving record, keep up your credit, drive fewer than 10,000 miles annually, and definitely shop around for the best deal.