Best Cheap Car Insurance for a Learners Permit in New York

Wouldn’t it be great if we could wave our magic wand and tell you the company that has the cheapest rates for a learners permit? It’s just not that simple, as there are a ton of unknown elements like any driving violations you may have, the number of years you have been licensed, and your credit history, that all go into determining the rate you pay. If you keep reading, we will teach you about some of these factors and will give you a good beginning to your search for cheaper coverage.

The car, truck, or SUV on the policy is one of the largest considerations when consumers are trying to find the best cheap car insurance for a learners permit in New York. Vehicles with lots of horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost significantly more to insure than more modest models. The tables below shows coverage prices for a number of the more afforable automobiles to insure.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific garaging location which can modify auto insurance rates noticeably.

Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in your specific New York location which can impact prices noticeably.

Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific New York garaging location which can raise or lower coverage rates considerably.

One of the more important considerations that affect the policy price is where you choose to live in New York. Areas that are more densely populated or have higher claim rates like New York, Freeport, and Mount Vernon are more likely to pay higher prices, whereas areas that are not as densely populated benefit from lower rates.

The illustration below shows the most costly cities in New York for a learners permit to buy auto insurance in.

Rates are approximated as vehicle location can increase or decrease rates greatly.

Types of discounts on New York car insurance rates

Car insurance companies that provide the best cheap car insurance for a learners permit in New York may also give you rate discounts that can reduce rates by 35% or more if you meet specific eligibility requirements. Companies and some of the premium reductions they offer are shown below.

• GEICO includes discounts for military active duty, defensive driver, emergency military deployment, good student, and anti-lock brakes.
• MetLife policyholders can earn discounts including accident-free, good driver, good student, claim-free, multi-policy, defensive driver
• State Farm offers premium reductions for anti-theft, driver’s education, safe vehicle, good driver, and multiple autos.
• Progressive discounts include good student, continuous coverage, multi-vehicle, online quote discount, online signing, homeowner, and multi-policy.
• Mercury Insurance may have discounts that include annual mileage, accident-free, multi-car, multi-policy, good student, professional/association, and type of vehicle.
• 21st Century has savings for air bags, driver training, anti-lock brakes, defensive driver, good student, homeowners, and automatic seat belts.
• Allstate may include discounts for utility vehicle, farm vehicle, resident student, premier plus, passive restraint, and economy car.

The diagram below illustrates the difference between car insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no claims or violations, New York state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with continuous coverage, paid-in-full, passive restraint, good student, vehicle safety, and paperless filing discounts applied. When these discounts are applied, the the amount saved on insurance for a learners permit is 28% or $414.

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Cost of full coverage

Finding the best cheap car insurance for a learners permit in New York is important to most people, and an effective way to buy cheap insurance is to not pay for full coverage. The information below visualizes the comparison of insurance premiums with full coverage and liability only. Data assumes no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.

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Averaged for all age groups, physical damage insurance costs an additional $1,523 per year more than just buying liability only. A very common question is if paying for full coverage is a waste of money. There is no specific rule of when to drop comp and collision coverage, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

There are some circumstances where removing full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.