Cheap Car Insurance In NY
Car Insurance is inevitable in metro cities like New York. Buying car insurance depends on many factors. These factors include your age, your location, your driving record, etc.
It is mandatory for all registered cars and truck to have car insurance. Driving car insurance may lead to serious consequences.
A glimpse of some fines and punishments you can face are listed below:
- Driving without car insurance can lead to a fine of $ 1,500.
- You can be arrested.
- The vehicle can be impounded.
- If by any chance you indulge in an accident and driving without an insurance policy, they can revoke your license and even the vehicle registration.
- Additional fees to be paid to reinstate your revoked license.
We have listed some of the main fines related to driving without car insurance.
Also, provide Halifax Car Insurance
Types of Car Insurance
Vehicles registered in New York state must have these 3 types of insurance coverage:
- Personal Injury Protection (PIP) Coverage,
- Liability Coverage
- Uninsured Motorist Coverage
1. Personal Injury Protection (PIP) Coverage
PIP which is also known as no-fault insurance, covers medical bills and lost wages in case you or passengers in your car are injured during an accident.
It covers the bearer of the insurance policy regardless of whose fault is in the accident. The injured gets medical treatment immediately even before their personal health insurance plan.
The minimum no-fault coverage is $50,000 per person as required by New York state law. It covers all of their medical costs as well as lost wages up to the $50,000 limit.
2. Liability Coverage
Liability Coverage compensates the opponent affected by the accident for injury and property damage when it is your fault.
Liability coverage is provided in 25/50810 ratio. This means $25,000 for 1 person, $50,000 for 2 or more people, $10,000 for damage to car and property.
3. Uninsured Motorist Coverage
Uninsured motorist insurance provides injury coverage for you and the passengers in your car and the opponent driver doesn’t have insurance. Coverage limits are the same as liability insurance.
How to Get the Cheapest Car Insurance in New York
Insurance companies charge higher rates to teenage drivers due to their less driving experience and an increased number of accidents.
Your speeding violations and the credit history also play a major role in buying the Insurance. Having a clean driving record can get you cheap car insurance in NY.
Cheapest car insurance in New York is found in the upstate New York region as it consists of smaller cities and less traffic. Car Insurance in New York City is approximately $7500-$9000 depending on criteria.
There are some ways in which we can get cheap car insurance in New York City. Let us discuss them. Companies offer many discounts that could lower your Car insurance premiums.
- For teens, Insurers offer discounts who join a driver safety course.
- Homeowners can benefit from bundling up their car insurance with the same insurance company.
- Many companies give discounts depending on the safety features of the vehicle that is being insured. Features like having airbags, anti-lock brakes (ABS), daytime lights, rearview cameras, etc help to reduce your premiums.
- Safe driving always rewards. Clean drivers are offered better rates by the insurers.
These are some of the things that you can do to get cheap car insurance in NY.
List of Car Insurance Companies in New York
We have compiled a list which might help you easily look for the one that best suits your needs.
- State Farm
- Liberty Mutual car insurance
- American Family
Above-mentioned companies are the best car insurance companies in NY.
As reported by a US News Agency, Geico has the lowest insurance premium rates in New York State. Geico’s rates are lower regardless of any criteria, though it is your coverage type, driving record, credit history, age or annual mileage driven.
PIP, liability, and uninsured motorist insurance with Geico averagely cost you $2,300 – $2,500 per year. Whereas if you opt for higher coverage pay about $2,800-$3000 a year.
The second best rates are offered by Nationwide USAA and Progressive. Policyholders insured with these companies averagely pay around $3,800 – $4,000 a year.
Rates of Nationwide teen drivers are lowest as compared to other insurance companies in New York.
You can buy insurance in multiple ways. It solely depends on your choice. You can buy it over the phone or in-person hiring with an agent or broker, search for it online and compare/buy or at any car dealership.
Car Insurance New York Today
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