The state of New York has some of the highest auto insurance rates in the nation. If you live in a dense part of the city, you might be paying as much as $4,000 for full coverage each year. In fact, a 24-year-old driver in the state can expect to pay up to 35 percent more for full coverage than a 35-year-old. For that reason, finding the best car insurance in New York is important.
When shopping for car insurance, remember to compare the rates of multiple companies. Different companies will have different weightings. Some will place more weight on age or driving record than others. Also, the types of coverage will affect your rates. Higher coverage levels will probably increase your rate. Regardless of your individual situation, a good rule of thumb is to shop around and get as many quotes as you can.
Another great way to compare car insurance rates is to use a website such as MoneyGeek. This website ranks insurance companies by their financial stability and customer satisfaction ratings. To get a better idea of the costs and benefits of each insurance company, you can visit the company’s profile page and read customer reviews. By using this method, you can determine which insurance company offers the best value for your money.
Another tip for finding the best car insurance in New York is to get your credit score up to scratch. The average credit score in New York is 712 according to Experian. This means that drivers with poor credit will pay higher insurance premiums. In New York, drivers with good credit scores will pay an average of $1861 annually, while those with bad credit will pay as much as $3494 a year.