Cheapest Auto Insurance for Unemployed Drivers in New York

We all have different tastes in cars, and the vehicle you are insuring is one of the main factors that determines whether or not you find the cheapest auto insurance for unemployed drivers in New York. Vehicles with average performance, an excellent safety record, or a track record of few liability claims will cost quite a bit less to insure than high performance models.

The next lists shows coverage rates for some of the most cost-effective vehicles to buy coverage for.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rates do not factor in garaging location in New York which can influence price quotes considerably.

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in zip code location which can lower or raise auto insurance rates significantly.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in specific location information which can revise auto insurance rates noticeably.

Finding out which companies quote the lowest-priced insurance rates for unemployed drivers may require a little more effort than just quoting one company’s rates. Each auto insurance company uses their own formula to determine premium rates, so let’s rank the most budget-friendly insurance companies in New York.

It’s important to understand that New York insurance rates are determined by lots of factors that can increase the price you pay. Simply having a birthday, increasing deductibles, or getting caught speeding can produce rate changes resulting in some rates now being more affordable than before.

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USAA may have some of the most affordable car insurance rates in New York at around $1,163 per year. Erie, Travelers, Utica National, and Progressive would also be considered some of the most economical New York car insurance companies.

As shown above, if you have coverage with Utica National and switched to USAA, you could earn yearly savings of in the vicinity of $371. Customers with Progressive could save as much as $395 a year, and MetLife insureds might lower prices by up to $425 a year.

To find the cheapest auto insurance for unemployed drivers in New York, click here or click through to the companies below.

These estimates are averages for all types of drivers and the different vehicles they drive and are not factoring in a rate discount for unemployed drivers. So the insurer that is best suited for you may not even be featured in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

One of the more important criteria that is used by insurance companies to calculate the price you pay for insurance is the neighborhood you call home in New York. Areas that are more densely populated like New York, Freeport, and Yonkers are more likely to pay higher prices, whereas more rural areas have the enjoyment of a little cheaper coverage.

The following table illustrates the highest-priced places in New York for unemployed drivers to purchase auto insurance in.

Premium amounts are approximated as the specific zip code location can alter rates significantly.

How much more does full coverage cost?

Finding the cheapest auto insurance for unemployed drivers in New York is the goal of most drivers, and one good way to lower the cost of insurance is to not pay for full coverage. The information below visualizes the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims or violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.

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If we average the cost for ages 20 through 70, physical damage insurance costs $1,488 per year more than buying just liability insurance. Many people question when is it a good idea to stop buying full coverage. There is no clear-cut rule for dropping physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year for full coverage, then you might want to think about dropping full coverage.

There are some situations where buying only liability insurance is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should maintain full coverage.

Selecting the highest-rated insurer can be difficult considering how many different companies insure vehicles in New York. The ranking data below can help you pick which companies to look at when trying find the best insurance for unemployed drivers.

The rankings below include companies that insure vehicles nationwide, so smaller companies will not be included in the list. If you wish to compare rates and find the cheapest rates for unemployed drivers, follow this link.

Geico, State Farm, Allstate, or Progressive: Who is cheapest?

When buying car insurance, probably the best companies to start with are Geico, State Farm, Allstate, and Progressive. The table below points out price and claims rank as well as some different options you can expect with each one.