Cheap Insurance for Ride Shares in New York

You have probably seen the ads from companies like Liberty Mutual, Allstate, and GEICO that claim big savings. So drivers should just pick the company with the best ad, right?

Unfortunately, it’s just not that easy, as there are many unknown elements like if you are a woman or a man, whether you have good or poor credit, and the amount of coverage you want, that all factor into the price you pay. The content below covers the best ways to maintain low rates and will hopefully give the reader a good start to your coverage search.

Determining which companies have the lowest-priced auto insurance rates for police officers requires a bit more work than just comparing a company or two.

Each auto insurer has a unique approach for determining prices, so let’s look at the rankings for the auto insurance companies that tend to be cheaper in New York. It’s important that you understand New York auto insurance rates are impacted by many things which can substantially change the policy price. Simply having another birthday, buying a home, or getting into an accident can trigger rate changes that may make certain companies cheaper in comparison to the competition.

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USAA has some of the cheapest car insurance rates in New York at around $1,199 each year. Erie, Utica National, Allstate, and Progressive also qualify as some of the more affordable New York car insurance companies.

In the above example, if you are currently insured with Allstate and switched to USAA, you could realize annual savings of about $357. Drivers with Progressive may save as much as $359 a year, and Travelers customers might reduce prices by as much as $376 a year.

These policy rates are averages across all drivers and vehicles and do not take into consideration a rate discount for police officers. So the auto insurance company that fits your situation best may not even be featured in the above list. That affirms the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.

For law enforcement personnel, one of the more important criteria that helps insurance companies calculate the annual cost of car insurance is where you keep your car. Areas with more people or higher crime rates like New York, Hempstead, and Yonkers will most likely have higher rates, whereas areas with less crime or weather claims generally have lower rates.

The next table displays the most expensive places in New York for police officers to purchase auto insurance in.

Rates are estimated as specific New York zip code can affect price quotes noticeably.

The car, truck, or SUV you are buying coverage for is a significant factor when looking for cheap insurance for police officers in New York. Vehicles with limited top-end speed, advanced safety features, or a low likelihood of having liability claims will cost much less to insure than higher performance models.

The data below shows coverage premiums for a number of the most cost-effective vehicles to buy insurance for.

Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price estimates do not factor in New York location which can affect rates considerably.

Based on these rates, you can infer that vehicles like the Honda CR-V, Ford Escape, Chevrolet Traverse, Toyota Highlander, and Subaru Forester are most likely to be the cheaper vehicles to insure for law enforcement personnel.

The chart below shows how choosing a deductible can change annual premium costs when researching cheap insurance for police officers. Data assumes a single male driver, full coverage, and no other discounts are factored in.

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A 30-year-old driver could lower their car insurance rates by $244 a year by changing from a $100 deductible to a $500 deductible, or save $368 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could drop their prices $714 or more by using higher deductibles when buying full coverage.

If you make the decision to raise deductibles, it is necessary to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Geico, Progressive, Allstate, and State Farm compared

If you’re looking for the best auto insurance for law enforcement personnel in New York, the four most popular companies are Geico, Progressive, Allstate, and State Farm. If you combine them together, they insure over 45% of the entire U.S. market share. All four can cover your vehicle for liability and physical damage, but each one has a different combination of discounts, features, and options that drivers can select from. The data below shows price and claims rank as well as some different options shoppers can expect to find with each one.