Who Has the Cheapest Car Insurance Quotes for Drivers Under 21 in New York?

Wouldn’t it be easy if we could look into our crystal ball and tell you one specific company that has the best auto insurance prices for drivers under 21? Regrettably, it’s not quite that easy, as there are a whole slew of unknowns like if you are single or married, if you own or rent your home, and whether you commute to work, that all impact the cost of coverage. Car insurance is kind of a dry topic, but this article will explain the best ways to avoid high prices and hopefully give you enough understanding to have a good start in finding the cheapest insurance.

The make and model of vehicle that needs insurance is one of the largest considerations that determines whether or not you find the cheapest car insurance for drivers under 21 in New York. Vehicles with lots of horsepower, a lack of safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models. The information below showcases coverage rates for a handful of the cheaper automobiles to insure.

Prices above based on single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in your specific New York location which can lower or raise premium rates greatly.

Looking at the rates, we can conclude that makes and models like the Honda CR-V, Hyundai Elantra, and Volkswagen Jetta are going to be some of the cheaper vehicles to insure for minors. The price of auto insurance will tend to be higher because there is more exposure for drivers under 21, but generally speaking those vehicles will tend to have the best insurance prices available.

For minors, one of the more important criteria that influence insurance cost is where you choose to live in New York. Areas with more people or more claims like New York, Hempstead, and Yonkers will most likely pay more, whereas areas with less congestion have the benefit of the cheapest car insurance for drivers under 21 in New York.

The illustration below ranks the highest-priced places in New York for drivers under 21 to buy car insurance in.

Rates are estimated as specific New York garaging address can lower or raise insurance rates noticeably.

Ending up with the best auto insurance company can be a challenge considering how many companies there are to choose from in New York. The company information displayed below may help you choose which auto insurance companies to look at when trying find the best insurance for drivers under 21.

The rankings below are only comprised of the largest companies in the United States, so companies that only write business in New York or surrounding areas are not factored into these rankings. To compare price quotes from the most competitive companies in New York, simply click here.

Top 10 Major Car Insurance Companies in New York Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. State Farm
5. GEICO
6. Nationwide
7. Allstate
8. The General
9. The Hartford
10. 21st Century

Top 10 Major Car Insurance Companies in New York Ranked by Customer Satisfaction

1. The Hartford – 93%
2. The General – 91%
3. Progressive – 90%
4. 21st Century – 89%
5. Erie Insurance – 88%
6. USAA – 87%
7. State Farm – 87%
8. Travelers – 87%
9. Mercury Insurance – 87%
10. Safeco Insurance – 86%

Impact of careless driving on car insurance rates

One of the best ways to earn the cheapest car insurance for drivers under 21 in New York is to drive carefully and maintain a clean driving record. The illustration below demonstrates how speeding tickets and at-fault claims can impact annual premium costs for different age categories. The prices are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

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The data charted above shows the average cost of auto insurance per year with no accidents or violations is $1,671. Get written up for two speeding tickets and the average cost surges to $2,206, an increase of $535 each year. Now add two accidents along with the two speeding tickets and the yearly cost of car insurance for drivers under 21 jumps again to an average of $4,313. That’s an increase of $2,643, or $220 per month, just for not maintaining a clean driving record!

Best cheap insurance quotes for minors

Thanks to technology, there are a lot of ways to quote and buy car insurance in New York, but the most common are from a captive (or exclusive) agent like Allstate or State Farm, a non-exclusive or independent agent, or direct from companies such as Progressive or Geico. Each way is similar, but they differ slightly in how they work.

Independent agents write for multiple companies and can quote your policy with all of them. These agents are appointed with more than one company and can provide multiple price quotes, which may give you a better overall rate comparison. If they find a cheaper price, the agent simply finds a different carrier and you don’t have to do anything.

An exclusive agent is only able to place business with a single company, a couple examples are a Farmers or Allstate agent. These agents usually cannot provide a range of price quotes, which does not give you the best rate comparison.

Buying from a direct company means bypass an independent or exclusive agent and instead shop from a direct company like Progressive or Esurance. Shopping for car insurance direct can be good for drivers who do not have a lot of assets and understand what coverages, limits, and deductibles they need.

Which way is best to find the cheapest car insurance for drivers under 21 in New York? It would be easy to say buying direct saves money because there is no agent taking a commission, but that generally is not the case. We’d also like to say using an independent agent guarantees the cheapest rates since they have more companies to choose from, but that idea is not necessarily true either. In many cases, exclusive agents have very competitive rates well below independent agents AND direct companies.

Due to the fact that car insurance rates vary so much, really the only way to find out which one is cheapest is to compare rate quotes from as many companies as possible. In a perfect world, youll get price quotes from all three to have the best rate selection. We compiled a list of companies with some of the cheapest online rates that you can click here to view.