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Before you go shopping for auto insurance, it is always advisable to review the different policies available and compare the service delivery of different providers. This helps you to find the best deal at the lowest cost possible. It is also important to understand the requirements of the law when it comes to auto insurance in New York.

Understand that New York is a no-fault state. This means that every driver is expected to have his/her insurance coverage. In the case of an accident, your insurance provider must step up regardless of whom fault it was. That is a requirement by the law in New York.

In New York, the minimum auto coverage for individuals is as follows.

Liability coverage

Bodily Injury $50,000 per accident

Bodily Injury $25,000 per person

Property Damage $10,000 per accident

Uninsured/Underinsured Motorist

Bodily Injury $50,000 per accident

Bodily Injury $25,000 per person

Personal Injury Protection

$50,000 per person.

Finding cheap auto insurance.

In New York, there are many insurance companies offering auto insurance coverage. The following is a list of the top ranked insurance companies in New York today.

Company yearly rate

GEICO $825

Erie $1,149

Progressive $1,493

Nationwide $1,497

State Farm $1,519

Mercury $1,714

Allstate $1,952

Cheapest auto insurance for young drivers

Young drivers are described as all drivers in their early 20s. Usually, people in their early 20s require less insurance coverage compared to people with families and savings to protect. Due to this factor, insurance companies often charge them less when it comes to auto insurance premiums.

Geico, Travelers, and New York Central Mutual Fire are among the cheapest auto insurance companies for young drivers. Geico charges the cheapest at an average of $48 per month for young drivers. Travelers charge $1,090 per year followed by New York Central Mutual Fire at $1,104 per year for young drivers.

Young drivers who are still in school and scoring a B average or better can get a student discount from their insurer. This is usually for young drivers under 25 years.

Cheapest auto insurance for good drivers

Good drivers are drivers who don’t have cases of DUIs, no fault accidents, or traffic violations. Such drivers can get better deals compared to other drivers. Good drivers can also get discounts if they maintain a clean driving record. These discounts include a claim-free discount for staying away from accidents for an extended period.

Geico, Travelers, and Progressive are the best auto insurance for good drivers. Geico charges a rate of $1,056 per year followed by travelers at $1,287/year and lastly progressive at $1,461 per year.

Cheapest auto insurance for drivers with bad credit.

With a poor credit, it can be difficult to find a cheap auto insurance coverage. However, there are companies that are willing to cover you even when you have bad credit. Progressive, Geico, and Travelers are the cheapest respectively.

Progressive charges $1,461/year for drivers with poor credit followed by Geico at $1,472/year then Travelers at $2,591 per year. It is advisable to do your research to find the company that will offer you the best deal.

Cheapest auto insurance for retired drivers

Retired drivers sometimes find it difficult to find cheap auto insurance as rates go higher with age. This doesn’t always mean you cannot get a good deal in New York. Thankfully to their reduced driving hours or hours behind the wheel, they can get better rates as well. Their minimal exposure to accidents also helps them to secure better deals with auto insurance companies.

A retired person can also increase his/her chances of getting better auto insurance rates by refreshing his/her driving skills. This can be done through an online course for accident prevention. Doing so reduces their insurance rates by 10% in 3 years.

Geico offers retired drivers the best rates at $853/year followed by State Farm at $1,343/year then Travelers Company at $1,431 per year.

To find more information on city-specific cheap auto insurance in New York visit https://www.valuepenguin.com/best-cheap-car-insurance-new-york.

Shopping around for auto insurance can save you a lot of money. Don’t just settle for the first insurance company that makes you an offer. It is good to look around to see if you can find better services at lower prices.