New York Auto Insurance - Cheap NY Quotes
The average annual New York auto insurance premium is a little over $2,300. New York State has one of the highest average car insurance rates in the entire country. Getting cheap auto insurance in this state is like winning the lottery. We will list some factors that determine your rates in any state, including the 
state of New York.
Each insurance company has designed their own algorithms, so our list can vary by company. Most everything we listed here is used by a majority of the auto insurance companies; however, one insurer may give a particular factor more weight than another insurer.
Automobile insurance is all about risk. What do the auto insurance companies consider a risk? We will list some risks that can increase your automobile insurance rates:
- Your age. Younger drivers (under 25) pay more for car insurance. Drivers under 21 pay even more.
- Your driving record. Tickets and accidents will increase your rates substantially. There is usually a lot of emphasis placed on this aspect with auto insurance.
- Where you live. People who live in a city will pay more for insurance than those who live in rural areas.
- Your gender. Males pay more because statically they have more accidents.
- How much you drive. The more miles you drive annually, the more you pay for car insurance. The more time you spend on the road, the greater your odds of an accident.
- The car you drive. The less safe a car is the more chance of an injury occurring in a vehicle accident. Drivers with cars equipped with side air bags and other safety devices pay less.
- Driving experience. People who have been driving less than 3 years pay more.
- Your profession. Insurance companies factor in if you are a professional, manager, laborer, etc.
- Education. The less formal education a person has, the more they may pay as well. Who said going to college was a waste of time?
- Credit score. The lower a person’s credit score is, the more they pay for their coverage.
Some of the above 10 factors are not used by some insurance companies. For example, credit score is very controversial and some companies say that they do not factor it into a person’s premium rate. If this is a problem for you, especially with a tough economy, find an insurer who doesn’t use credit score. Also, be sure and visit New York's Deparment of Motor Vehicles website for information about licenses, safety, and more.
Some of the above-mentioned 10 risk factors can be changed by you, while others cannot. You can do your best to avoid tickets, you can drive a safer car, and you can even move to a rural area, but you can’t change your age. For most factors that cause an increase in rates, time heals all. In time you will improve your driving record and your credit score, you’ll age, and perhaps even obtain more education.
One important note: Regardless of any of these risks, even if you have several of them, there are companies that write insurance and specialize in high risk drivers. The advice is to shop around and compare cheap auto insurance quotes from a large number of insurers, and you will find the most reasonable insurer for you in NY.
