Best Cheap Car Insurance for Homeowners in New York

The type of vehicle you are seeking coverage for is a significant factor when comparing quotes for the best cheap car insurance for homeowners. Vehicles with limited speed and performance, good crash test ratings, or a track record of few liability claims will cost much less to insure than fast, unsafe models.

The next lists showcases insurance costs for some of the more afforable vehicles to insure in New York.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate quotes do not factor in specific New York garaging location which can impact premiums substantially.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in specific New York garaging location which can modify premiums noticeably.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in specific location information which can affect auto insurance rates greatly.

For people who own their homes, one of the largest factors that help set insurance cost is where your residence is. Areas that are more densely populated like New York, Hempstead, and Mount Vernon tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.

The following table sorts the more expensive cities in New York for homeowners in which to purchase auto insurance.

Rate quotes are comparative as the specific area where the vehicle is garaged can alter premiums considerably.

How to find a good New York insurance company

Finding a high-quality insurance company can be a challenge considering how many companies sell coverage in New York. The rank data below may help you pick which insurers you want to consider shopping prices with.

The rankings below are only comprised of the largest auto insurers in America, so companies that only write business in New York or surrounding areas are not taken into consideration for the list. If you would like to check rates from these and other top-rated companies, click this link.

Top 10 Large Auto Insurers in New York Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. State Farm
5. GEICO
6. Nationwide
7. Allstate
8. The General
9. The Hartford
10. 21st Century

The chart below highlights how deductible choice can increase or decrease insurance premiums when researching cheap insurance for homeowners. The premium estimates are based on a single female driver, full coverage, and no discounts are applied to the premium.

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In the chart above, a 40-year-old driver could lower rates by $284 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $428 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 category, could potentially save up to $730 every year just by choosing higher deductibles when buying full coverage.

When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have additional savings on hand to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Cheapest insurance quotes for people who own their homes

Drivers have many ways to find affordable insurance in New York, but the most preferred are through a captive (or exclusive) agency like State Farm or Auto-Owners, an independent or non-exclusive agent, or from a direct company like Progressive.

Each way is similar, but they differ slightly in how they provide price quotes.

Independent agencies work with multiple companies and can compare rates with each one. Independent agents are appointed with more than one company and can quote rates with many companies, which may provide you with the best chance of saving money. If a cheaper rate is found, it’s easy for the agent to move the policy and you stay with the same agent.

An exclusive ageny is only able to quote your policy with a single insurance company, for example an Auto-Owners or State Farm agent. Exclusive agents normally do not have the ability to provide multiple price quotes, so keep that in mind.

Opting to purchase insurance direct means you do not use the middleman (the agent) and instead shop direct online or over the phone from a company like Geico or Progressive. Buying insurance direct may be good for families who do not need risk management and understand what specific coverages and deductibles they need.

When shopping for insurance, which way works best to find the best cheap auto insurance for homeowners in New York? Most drivers assume that buying from a direct car insurance company results in the cheapest rates because there isn’t an agent involved, but in reality, that argument does not hold true. An argument could also be made that buying insurance from an independent agent saves the most money because they can quote many companies, but again, it’s not a sure thing. For some people, exclusive agents have very competitive rates that are well below what direct and independents offer.

Due to the large number of rating factors, the only true way to buy the cheapest policy is to compare, compare, and compare some more. In a perfect world, youll get quotes from all three types in order to find the best price. For a list of companies with some of the cheapest New York insurance rates, click here to view.

How to get the best cheap auto insurance for homeowners in New York

The list below summarizes a few penny-pinching ideas that can help drivers buy more affordable car insurance.

• Bundle car and home insurance and save money
• On older vehicles, drop full coverage
• Drive vehicles with five-star safety ratings
• Higher credit scores may earn you cheaper rates
• Prevent rate increases by staying accident-free
• Compare rate quotes frequently

The final tip is notably valuable, as we hit on in this article. Insurance prices go up and down frequently, so don’t hesitate to switch companies if a better rate can be found.

Loyalty to a specific company is fine, but is isn’t recommended if that inflexibility results in costing you a small fortune. In just a couple of minutes you could shop around to find cheaper auto insurance for homeowners.