Comparison Shop New York Car Insurance Prices With These Methods
Purchasing low-cost New York car insurance over the internet can be rather challenging for beginners to comparison shopping online. Because there are so many insurers available, how can you effectively compare every one to find the best pricing?
It's important to check car insurance prices on a regular basis because rates are constantly changing. Despite the fact that you may have had the best price last year you will most likely find a better rate today. Ignore everything you know about car insurance because we're going to demonstrate one of the best ways to get good coverage at a lower rate.
More discounts equal less premium
The price of auto insurance can be rather high, but there are discounts available to cut the cost considerably. Certain discounts will be applied when you get a quote, but a few need to be asked for before you will receive the discount. If you're not getting every credit you deserve, you are throwing money away.
- Life Insurance - Some companies give a discount if you purchase life insurance.
- Sign Online - A few companies will give a small break just for signing your application over the internet.
- College Student - Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
- Bundle and Save - If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
- Early Switch Discount - Some insurance companies reward drivers for switching to them prior to your current policy expiring. It's a savings of about 10%.
Keep in mind that most discount credits are not given to all coverage premiums. Most only reduce individual premiums such as collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, it just doesn't work that way. But any discount will bring down your premiums.
Switch companies and save? Really?
Consumers get pounded daily by advertisements for car insurance savings by companies like GEICO, State Farm and Progressive. They all seem to make an identical promise that you can save after switching to them.
How does each company make the same claim?
Insurance companies have a preferred profile for the type of driver that earns them a profit. For example, a desirable insured could be between the ages of 30 and 50, insures multiple vehicles, and has great credit. A customer who meets those qualifications will get the preferred rates and therefore will save when switching.
Drivers who do not match these standards will have to pay higher premiums and ends up with business going elsewhere. The ads state "customers that switch" not "everyone that quotes" save money. This is how insurance companies can advertise the savings.
Because of the profiling, you should get a wide range of price quotes. Because you never know which insurance companies will give you the biggest savings.
For more New York car insurance information
More information can be found on the New York Department of Financial Services website located here. Consumers can file complaints about an insurance agent or broker, get help finding coverage, and read enforcement actions against agents and companies.
A tidy conclusion
As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced physical damage coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible at a price you can afford.
Affordable car insurance can be bought from both online companies and with local New York insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.
We just showed you some good ideas how you can reduce car insurance prices online. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the lowest rates come from a small local company.