New York Car Insurance Calculator
Like many states, New York requires drivers to carry at least some level of car insurance coverage; however, costs can differ significantly based on each driver’s personal profile and driving history. There are ways you can help lower this cost of coverage such as choosing more affordable vehicles or taking out additional types of coverage policies – try our New York Car Insurance Calculator now to get an estimate!
Driver risk factors and the type of vehicle one drives both impact insurance costs. Older cars typically carry higher rates than more modern ones. Drivers can often save on premiums by purchasing used rather than brand new. Also remembering that value decreases over time will often translate to lower insurance premiums as well.
An outstanding credit score can also help lower car insurance rates in New York, since insurers take drivers’ credit histories into consideration when setting rates. Drivers with outstanding credit have proven they pay their bills on time, which decreases the chances of filing claims in future; on the other hand, drivers with poor histories tend to file claims more often, increasing monthly premiums significantly.
Clean drivers tend to pay the lowest average premiums. Even those who have had accidents or tickets in the past can still find affordable insurance in New York by shopping around and getting multiple quotes. However, those convicted of DUI will see their premiums increase significantly by as much as $645 annually.
Other factors that can impact a driver’s car insurance rates include their age, gender, marital status and credit score. Younger male drivers tend to get into more accidents than older ones and therefore pay a higher premium rate; many young drivers can save money by remaining under their parents’ policy.
Location can also have an effect on car insurance premiums; certain areas experience more theft and vandalism incidents that increase costs associated with policies.
As with the other factors that impact driver insurance rates, one final factor that can influence their premium is their deductible. Typically speaking, the higher a person’s deductible is, the lower their premium will be; so increasing it to save money may help lower monthly premiums and potentially save some cash each month.
If you want to gain more insight into how the different ratings factors above affect your New York car insurance premiums, simply answer a few questions and receive customized quotes from top car insurers. From there, choose your ideal policy with ease using this online tool that’s free, fast and user-friendly!