Cheap Car Insurance in New York State(NY) | Cheap Car Insurance Quotes Online

cheapest auto insurance in new york

Cheap Car Insurance in New York State(NY)

Finding cheap car insurance in New York can be as easy as hailing a taxi cab- that is if you do your research as well as keep in mind the rules and regulations that are unique to the Big Apple! Knowledge of these laws will help you to know exactly what you need and how to differentiate essentials from the extras that companies may try to pressure you into signing up for.

New York State Car Insurance Requirement

The minimum liability premiums that are required by the state of New York include $25,000/50,000 to cover injuries, $50,000 to $100,000 to cover death expenses, and $10,000 to cover any property damages. As long as you have the vehicle registered, this liability coverage must remain in place. Also, a law that is specific to New York is that the liability insurance must actually be in the same name as the registration. Mainly bringing forth issues in teen-driver related situations, you can avoid any problems by making sure to issue an insurance ID card in the child name, even if they are on their parents policy. This situation may or may not affect your premium, depending on the company, so it is good to keep in mind!

Another important factor in finding cheap car insurance in New York is to remember that you must use an in-state company. The only time there is an exception is if it is an out-of-state company that that has a license to provide car insurance in New York. Failure to abide by this may result in suspension of a license so it important to keep in mind if you are moving from another state, for example.

In recent years, liability premiums averaged around $803.90 in New York, which is a downward trend from the premiums in 2000, when they were $939.43. In 2008 the coverage for collision averaged $347.90, and comprehensive averaged $172.42. These rates place it around third in the nation for highest premium rates. However have no fear- finding cheap car insurance is not impossible, as there are car insurance companies out there that can work with you to figure out the rates and premiums that will fit your budget as well as meeting the premium requirements required by the state of New York.

Car Insurance Companies for Cheap Car Insurance in New York State

Some of the most well-known car-insurance companies that will enable you to get cheap car insurance in New York include Geico, 21st Century, and Progressive. However, smaller companies are available for younger drivers, as well as drivers with a less-than-perfect record that provide specialized services for these situations. These companies help by offering monthly payment plans that may ease the pain of a pricier premium. As always, being informed is the best way to make sure you are getting the absolute best rates. Especially in a state with such a high cost of living- it important to make sure to research and take advantage of any discounts that may be provided by auto insurance companies as incentives to drive safer, and to stay loyal with the company. Keeping abreast of the information pertinent to the state will enable you to find cheap car insurance in New York with no problem.

cheapest auto insurance in new york