How Much Does Auto Insurance Cost for Immigrants in New York?

Deciphering which companies quote the cheapest insurance rates for immigrants will take a bit more effort in order to find the best price. Every car insurance company uses a little different formula for establishing rates, so let’s rank the insurance companies that tend to have lower prices in New York.

We do need to point out that New York insurance rates are impacted by many factors which can substantially decrease or increase the price you pay. Simply having a birthday, becoming a homeowner, or getting a driving violation can produce rate changes that may make certain companies more affordable than the competition.

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USAA has some of the lowest car insurance rates in New York at around $1,152 per year. Erie, Progressive, Utica National, and Allstate would also be considered some of the lowest-priced New York car insurance companies.

As illustrated above, if you are a customer of Utica National and switched to Erie, you could see savings of around $344. Drivers with Allstate may save as much as $351 a year, and MetLife customers might lower prices by $367 a year.

To compare your rates to other New York insurance companies, click here to begin a quote or visit any of the companies below.

Be aware that those rates are averaged across all drivers and vehicles and do not take into consideration a rate decrease for immigrants. So the insurer that is most affordable for your situation may not even be featured in the chart above. That point stresses why you need to compare as many prices as possible using your own specific driver information and vehicle.

One of the more important criteria that help determine the amount you pay for auto insurance is where you choose to live in New York. Cities with larger populations or higher claim trends like New York, Hempstead, and Mount Vernon will most likely pay more, whereas cities that are not as densely populated receive better rates.

The illustration below displays the higher priced cities in New York for immigrants to buy car insurance in.

Table data uses approximated as specific New York zip code can increase or decrease premiums greatly.

The make and model of vehicle to be insured is one of the largest factors in finding the lowest-priced car insurance for immigrants. Vehicles with higher performance characteristics, poor safety ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models.

The tables below estimates auto insurance prices for a number of the most cost-effective vehicles to buy insurance for.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in specific New York garaging location which can lower or raise insurance rates substantially.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in specific location information which can impact coverage prices greatly.

Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in vehicle location which can change premium rates considerably.

The diagram below demonstrates how deductible levels can influence insurance prices when getting quotes for cheap insurance for immigrants. The premium estimates are based on a single female driver, comp and collision included, and no discounts are factored in.

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The data above shows that a 30-year-old driver could lower rates by $242 a year by increasing from a $100 deductible up to a $500 deductible, or save $364 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, could roll back prices up to $532 or more by using a higher deductible.

If you do raise deductibles, it will be important to have plenty of money set aside to enable you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Should you buy full coverage?

Finding cheap insurance for immigrants in New York is probably important to most drivers, and an effective way to buy cheaper insurance is to not buy full coverage. The information below compares car insurance costs with full phyical damage coverage and with liability coverage only. The data is based on no claims or violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 1889,807],[‘Age 30’, 1003,447],[‘Age 40’, 973,415],[‘Age 50’, 895,389],[‘Age 60’, 869,383],[‘Age 70’, 1077,509]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in New York’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If averaged for all ages, comp and collision coverage costs $1,118 per year more than carrying just liability coverage. At some point, about every driver wonders if paying for full coverage is worth it. There is no definitive formula to exclude physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

Does Progressive, Geico, Allstate, or State Farm have the cheapest car insurance?

When buying auto insurance for foreigners, some of the first companies to look at are Progressive, Geico, Allstate, and State Farm. Each company has a slightly different mix of options and features that drivers can select from. The next table compares some of the different features that may be available in New York.