Cheap Insurance for Electric Cars in New York

For eco-friendly vehicles, one of the big components that is looked at to help calculate the price you pay for insurance is where your residence is in New York. Areas with more people or more claims like New York, Hempstead, and Mount Vernon tend to have higher rates, whereas areas with less congestion benefit from having to pay less for coverage.

The information below shows the most expensive places in New York for electric cars to buy car insurance in.

Price information shown is estimated as the garaging address in New York can raise or lower insurance rates substantially.

Comparing quotes for reasonably-priced insurance is not the easiest thing to do, and finding out which companies quote the cheapest auto insurance rates for electric cars will require additional perseverance.

Each auto insurance company uses different criteria to set premium rates, so let’s take a look at the most competitive auto insurance companies in New York. It’s important that readers know that New York auto insurance rates are influenced by many factors which can substantially change the policy premium. This price fluctuation is why it is important to take the time to shop around when trying to find the most budget-friendly car insurance quotes for electric cars. Auto insurance prices are determined by many different factors and change frequently, so the best price the last time you checked may now be quite expensive.

Cheapest Insurance Rates for EV’s

Click Here to Start Your Quote

google.charts.setOnLoadCallback(drawNYT5qcibChart);function drawNYT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 1187, ‘#67CF33’], [‘Erie’, 1218, ‘#55AC2A’], [‘Utica National’, 1489, ‘#468F23’], [‘Progressive’, 1542, ‘#3A771D’], [‘Travelers’, 1575, ‘#306318’]]);var options = {title: ‘Top Five Low-Priced Auto Insurance Companies in New York’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1675,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA has some of the best car insurance rates in New York at around $1,187 each year. Erie, Utica National, Progressive, and Travelers would also make the list of some of the more affordable New York auto insurance companies.

As the rates illustrate above, if you currently have a policy with Progressive and switched to USAA, you might see a yearly savings of approxmiately $355. Customers with Travelers may save as much as $388 a year, and Allstate customers might reduce prices by as much as $416 a year.

Be aware that those policy prices are averages for all drivers and vehicles in New York and do not take into consideration a price discount for electric cars. So the insurer that has the lowest price for you may not even be shown in the list of companies shown earlier. That point stresses why you need to get auto insurance quotes using your own individual information.

Buying coverage from a highly-rated company can be challenging considering how many companies provide coverage in New York. The company rank data in the next section can help you analyze which providers you want to consider when shopping around. The ratings below are only comprised of the companies with a significant amount of written premium nationwide, so companies that focus mainly on New York business are not included in the list.

Top 10 Large Car Insurance Companies in New York Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Nationwide – A+
7. Esurance – A+
8. Erie Insurance – A+
9. Progressive – A+
10. Mercury Insurance – A+

Which auto insurance company is best?

When comparing auto insurance, four of the best places to start are State Farm, Progressive, Allstate, and Geico. When combined, they have almost half of all auto insurance written. All of them have slightly different options that drivers can select from. The table below ranks ratings and policy coverage options .

Who has the cheapest insurance quotes for eco-friendly vehicles?

Consumers have many ways to find cheap auto insurance in New York, but the most common are through an independent or non-exclusive agent, a captive (or exclusive) agent like Liberty Mutual or State Farm, or from a direct company like Progressive.

You can use whichever you prefer, but it’s important to point out the distinctions in how they give price quotes.

Independent agents are appointed by several companies and can compare rates with every one. These types of agencies do not work for one specific company and can give you more rates, which can give you the best shot at cutting your rates. If they find a cheaper price, they simply switch companies in-house and you stay with the same agent.

A captive or exclusive agent is only able to quote rates with a single company, two examples are Farmers Insurance or State Farm agents. These agents are unable to quote prices from more than just one company, so you might not find the best rates.

When you buy auto insurance direct, you skip an exlusive or independent agent and buy from a direct company like Esurance or Geico. Buying direct may be good for drivers who do not need high levels of coverage and have knowledge of the limitations of their policy.

Which way is best to find cheap insurance for electric cars in New York? We wish we could say buying direct results in the cheapest price since that eliminates agent commissions, but that is not always the case. And we’d like to say going through an independent agent saves the most money since they can provide multiple quotes, but that assumption is not true either. In the right set of circumstances, the exclusive agents have coverage prices that are well below what direct and independents offer.

Due to the fact that auto insurance rates vary so much, really the only way to ensure you are not overpaying for auto insurance is to compare rate quotes from as many companies as possible. It takes a little work, but we recommend you get rate quotes from all three in order to be able to find the lowest price. For a list of companies with some of the cheapest New York auto insurance rates, click here to view.

How to find economical car insurance for electric cars

The list below details a few money-saving ideas that can help drivers quote the cheapest car insurance.

• Raise comprehensive and collision coverage deductibles
• Clean up your credit rating
• Prevent price hikes by avoiding at-fault accidents
• Do not pay for full coverage if not needed
• Vehicles with good safety ratings have lower liability rates
• Serious violations like DUI or reckless driving can increase rates dramatically
• Shop around for cheaper prices often

That last piece of advice is very crucial, as we hit on in the prior article. Prices charged by car insurance companies go up and down frequently, so drivers shouldn’t be reluctant to buy from a new company if a cheaper price is available. Having a favorite company is great, but it isn’t a good idea if that dedication is costing thousands of dollars over the life of your policy. It only takes a couple minutes to compare prices and find cheaper auto insurance for electric cars.