Who Has the Cheapest Auto Insurance After a Speeding Ticket in New York?

You have most likely seen the commercials from auto insurance companies like The General, Farmers, and Liberty Mutual that make claims of the cheapest price. So drivers just need to pick the one with the catchiest commercial, right?

It’s just not that simple, as there are a whole bunch of unknown elements like if you have ever had a gap in coverage, the area where you live, and if you have purchased a home. This article will detail the things that influence insurance rates and will give you a solid foundation to find cheaper car insurance in New York.

Figuring out which company has the lowest-priced insurance rates after a speeding ticket calls for a bit more work in order to find the most economical policy. Each insurer uses their own calculation to establish rates, so let’s take a look at the overall cheapest insurance companies in New York.

It’s a good idea to be aware that New York insurance rates are calculated based on many things which can substantially decrease or increase the policy price. Simply getting older, buying a home instead of renting, or having an accident may generate price changes resulting in some companies being cheaper in comparison to the competition.

Cheapest Insurance Rates with Licence Points

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USAA generally has some of the cheapest car insurance rates in New York at around $1,152 a year. Erie, Utica National, Progressive, and MetLife are also some of the more affordable New York insurance companies.

As shown above, if you are currently insured with Progressive and switched to USAA, you may realize an annual savings of upwards of $344. Policyholders with MetLife might save as much as $420 a year, and Travelers insureds might lower prices by up to $423 a year.

Bear in mind that those rates are averaged for all drivers and vehicles in New York and and are not calculated with a price discount after a speeding ticket. So the auto insurance company that is best for you may not even be included in the list of companies above. That’s why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

The make and model of vehicle you are buying coverage for is probably the largest consideration that determines whether or not you can buy the best cheap coverage after a speeding ticket. Vehicles with limited speed and performance, a great safety record, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.

The table below ranks coverage prices for the cheapest automobiles to buy coverage for.

Data assumes married female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, and multi-vehicle. Rates do not factor in zip code location which can change insurance rates greatly.

Based on these rates, we can tell that cars like the Honda CR-V, Ford Escape, and Kia Forte are most likely going to be some of the cheapest vehicles to insure after a few driving violations.

Poor driving habits will raise your insurance rates

The common sense way to receive the most affordable insurance prices in New York after a few driving violations is to be a good driver and avoid getting tickets or having accidents. The diagram below demonstrates how speeding tickets and accident claims can drive up insurance premiums for each age group. The price estimates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2123,2619,4381],[‘Age 30’, 1477,1973,3733],[‘Age 40’, 1371,1863,3625],[‘Age 50’, 1199,1697,3451],[‘Age 60’, 1157,1655,3413],[‘Age 70’, 1345,1841,3601]]);var options = {title: ‘Accidents, Violations, and New York Auto Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in New York’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data above shows the average cost of auto insurance per year with no accidents or violations is $1,445. Factor in two speeding tickets and the average cost surges to $1,941, an increase of $496 each year. Now include two accidents along with the two speeding tickets and the annual cost of insurance after a speeding ticket increases to an average of $3,701. That’s an increase of $2,255, or $188 per month, just for a couple of infractions!

The information below shows how choosing a deductible can change insurance costs when searching for cheap insurance after a speeding ticket. The premiums assume a single male driver, comp and collision included, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3521,3205,2861,2539],[‘Age 30’, 1793,1649,1483,1323],[‘Age 40’, 1791,1633,1459,1293],[‘Age 50’, 1627,1487,1331,1183],[‘Age 60’, 1577,1443,1293,1151],[‘Age 70’, 1919,1763,1597,1439]]);var options = {title: ‘Effect of Higher Deductibles on Auto Insurance Prices in New York’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 30-year-old driver could lower rates by $332 a year by increasing from a $100 deductible to a $500 deductible, or save $498 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old, have the ability to save up to $982 annually by using higher deductibles when buying full coverage. When increasing deductibles, it will be required to have enough savings set aside to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Geico, Progressive, State Farm, and Allstate: Who is cheapest?

If you want reliable car insurance after a few driving violations in New York, four good companies to start with are Geico, Progressive, State Farm, and Allstate. They all have the same basic coverages, but each one has a distict selection of optional coverages and features that can influence your buying decision. The next table ranks pricing and service ratings, as well as optional policy coverages that are available for buyers.