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What’s the cheapest car insurance in NY?
January 17, 2017
"I'm 20 (female) with an 1991 Honda and a couple minor infractions, and I'm really looking to get a cheaper insurance plan. What would you recommend? Thanks!!" As a young driver, making your insurance cheaper is a challenge. This is a longish post, but utilizing the short and long term strategies below is a sure fire way to save on Continue Reading
As a young driver, making your insurance cheaper is a challenge. This is a longish post, but utilizing the short and long term strategies below is a sure fire way to save on car insurance now and in the future :
++++++++++ LONG POST - COMPREHENSIVE ANSWER +++++++++++++++++
SHORT TERM STRATEGIES
These are strategies that any young person purchasing car insurance can implement right now. No long-term investment necessary.
LONG TERM STRATEGIES
Take a long-term, strategic perspective with your car insurance rates and it will pay off with time. Here are a few good Long Term Strategies:
Liability, Uninsured Motorist and Personal Injury Protection - Keep in mind, insurance is a tool to transfer the risk of loss to an insurance company. Higher limits of liability are always in your best interest. You don't have to be a millionaire to be sued like one. Ask your agent what appropriate limits of insurance would be for your situation and seek savings in the ways outlined above rather than skimping on these important coverages.
Those are some good ways for anyone to save on your car insurance, but they are all the more important for young drivers. Following completion of multiple strategies above, communicate with your agent and request they requote your program every couple of years. You'll like the result!
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“Am I covered if I drive someone else’s car?” Or, “Am I covered if someone else drives mine?”
Many don’t realize that the insurance industry is one of the country's most regulated business segments, especially in New York State. The New York State Department of Financial Services (NYS DFS) wields significant control over the insurance business and has a stated goal of protecting consumers.
Most property insurance companies offer Actual Cash Value or Replacement Cost settlement options. Typically, insurance companies will require that you insure the property to the settlement value you choose. If you select Actual Cash Value, the amount you may be required to insure the property for will be less than the corresponding Replacement Value.
In that spirit, the Ryan Agency is sponsoring a Stearns BBQ Dinner pickup at our office on 57 Broadway Mall in Hornell on September 12th from 3:00 PM to 4:30 PM.
Today, an individual’s credit history can play a more significant role than any one of those traditional factors. Good Credit Scores lead to a Positive Insurance score. A good Insurance Score greatly influences what someone will pay to insure their vehicles.
Insurance companies offer various discounts for which their policyholders may qualify.
Great Eight number Six (6) suggests taking a look at removing Comprehensive and Collision on Older Vehicles.
By reducing the number of claims in your insurance history, you can significantly affect your rates in the future.
Sometimes, this concept meets with resistance from policyholders. The thought of paying more in the event of a claim is off-putting to some. Even if that means I pay more for my insurance.
OK. Admittedly, this strategy doesn't benefit everyone, but it can be very beneficial for those it does. You may have unique home or auto insurance needs that prevent you from bundling with the same company. Alternatively… you might have a better rate without the bundle discount by splitting up your insurance between multiple carriers.
