Introduction
Most drivers want to find out the answer for the question on who offers the best New York car insurance when buying a car. It is difficult for most car owners, especially new ones, to choose the best auto insurance company due to a lack of experience.Reputable and reliable auto insurance firms in New York will help car owners have peace of mind and confidence when moving on roads. In this post, we would like to introduce to you who offers the best car insurance in New York for your consideration before making a final decision.
Overview about New York insurance market
The average rate for auto insurance in New York is fairly affordable. Of course, it depends on where you live within the state. The average premium in New York is $1,050, which is 20% lower than the national average of $1,325 per year, according to the statistics from Insure.com.However, if you live in New York City, your car insurance premium may be more than double the state average, based on a number of factors such as crime, accident rates and demographics. Meanwhile, if you live outside the city, you may enjoy more favorable rates.
Key things you need to know about New York auto insurance
1. Auto insurance premiums
The state of New York is now home to nearly 20 million people, equal to more than 6% of the country’s population. The more people the state has, the more cars it has, and the more car accidents may happen.It is important to know about the minimum car insurance requirements in New York State. In New York, the minimum liability requirements are $25,000 bodily injury coverage per person, $50,000 bodily injury coverage per accident, and $10,000 for property damage.
For example, if you are carrying the minimum coverage and you get into a car accident with a another vehicle carrying some passengers, your insurance would cover $25,000 in bodily injuries (for hospital bills and lost wages) per person, but only up to $50,000 for the whole car. So if there are four passengers in the other car being injured, you will have to take the responsibility for paying for medical bills beyond $50,000, and the indemnity for property damage may be insufficient as well.
If you get pulled over in New York, you need to make sure you have valid, current insurance that satisfy all the above required minimums. If you do not have a current ID card for your insurance, you may get a ticket.
2. New York – no-fault insurance state
No-fault insurance aims to have insurance companies pay wholly or partly your medical bills in case you or your passengers are injured an accident. After getting into a car accident in New York, you can make a claim against your insurance company, even if the accidents occurred not for your faults.You cannot sue for personal injury damages, either, unless your medical bills exceed a certain amount or you are seriously injured. With this rule, if you injure someone, you may have more protection; however, if you are injured, you may not get fair indemnity.
3. Teen drivers
If you are a teen driver in New York, make sure you know well about the restrictions there. For example, a teen with a permit can only drive between 5a.m. and 9p.m. There are also other restrictions on passengers on the car and the allowed areas for your teen driving.Who has the best car insurance in New York
Insurance premiums are different for everyone, based on such factors as gender, age, marital status, profession, credit score, and the make, model, and the year of your car. In this post, we would like to give you four preferred auto insurance providers in New York. Three out of four these companies received top ratings by satisfaction, according to J.D.Power. The other one is a provider of a lot of success and satisfaction within state and in other states.1. Travelers
Travelers is known for its great services and competitive pricing although it makes up only under 2% of market share in the auto insurance market. Travelers was named among the World’s Most Admired Companies years in a row from 2006 to 2014 by Fortune magazine. It also ranks highly with J.D.Power in New York.The company offers all kinds of insurance, even including wedding insurance, through its 13,000 agents. You can find an agent near you and have a people-to-people meeting and get in-person experience.
GEICO is a part of Berkshire Hathaway, the second-largest auto insurance company in the U.S. it was founded in the 1930s and initially provided insurance for employees of the government.
You can purchase insurance online or over the phone, or meet with one of their 150 agent face-to-face. GEICO has a much smaller footprint than some of the other big insurance firms.
GEICO is regarded the cheapest auto insurance provider in New York. In many areas of the country, it rates are below the median.
GEICO offers minimum coverage for New York drivers, along with mechanical breakdown insurance and roadside assistance. You can also get some discounts from GEICO, such as good student or accident-free discounts.
Allstate prioritizes improving its customer service with Allstate’s Claim Satisfaction Guarantee. If you are not satisfied with the claim handling process, you will receive up to a six month credit on your bill.
However, it is only available in a few states, including New York, of course. Allstate also lacks Drivewise discount program. Its mobile app can help you lower your bill by up to 30%, but it has yet to be available in New York.
GEICO offers minimum coverage for New York drivers, along with mechanical breakdown insurance and roadside assistance. You can also get some discounts from GEICO, such as good student or accident-free discounts.
4. Allstate
Allstate is the third-biggest auto insurance company in the U.S., making up about 10% of the market share. It has about 12,000 agents nationwide and offers all types of insurance products. Allstate offers over 20 kinds of discounts that drivers in New York can be eligible for.Allstate prioritizes improving its customer service with Allstate’s Claim Satisfaction Guarantee. If you are not satisfied with the claim handling process, you will receive up to a six month credit on your bill.
However, it is only available in a few states, including New York, of course. Allstate also lacks Drivewise discount program. Its mobile app can help you lower your bill by up to 30%, but it has yet to be available in New York.
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