Who Has the Cheapest Auto Insurance for Low Income Drivers in New York?

Trying to find low-priced insurance is not easy, and figuring out which company quotes the cheapest auto insurance rates for low income drivers may require even more perseverance. Every auto insurer has a different formula for setting prices, so we’ll take a look at the most budget-friendly auto insurance companies in New York.

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USAA generally has some of the most affordable car insurance rates in New York at around $1,199 each year. Erie, Utica National, Progressive, and Travelers would also be considered some of the best New York car insurance companies.

In the above rates, if you have coverage with Progressive and switched to USAA, you might realize a yearly price reduction of about $313. Insureds with Travelers might save as much as $376 a year, and Amica customers might cut rates by $381 a year.

It’s important to note that these estimates are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a rate decrease for low income drivers. So the auto insurance company that has the cheapest price for you may not even be included in the rate chart shown above. That point stresses why you need to get rate quotes using your own personal information and vehicle type.

The make and model of vehicle needing coverage is probably the biggest factor when quoting cheaper insurance for low income drivers. Vehicles with higher performance characteristics, poor passenger safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models.

The next tables illustrates auto insurance premiums for a handful of the most affordable automobiles to buy coverage for.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in specific zip code location which can revise auto insurance rates substantially.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Table data does not factor in vehicle garaging location which can impact insurance rates considerably.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Information does not factor in specific zip code location which can decrease or increase insurance rates noticeably.

Responsible drivers pay cheaper New York auto insurance rates

The common sense way to snag cheap auto insurance prices for poor drivers is to drive carefully and avoid accidents and traffic violations. The illustration below demonstrates how citations and fender-benders increase insurance costs for different categories of driver ages. The rate quotes are based on a single female driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

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The chart shows that the average cost of car insurance in New York per year with no accidents and a clean driving record is $1,931. Get one speeding ticket and the average cost swells to $2,187, an increase of $256 each year. Then add two accidents along with the one speeding ticket and the annual cost of auto insurance for low income drivers jumps again to an average of $4,362. That’s an increase of $2,431, or $203 per month, just for being a little careless behind the wheel!

Buying coverage from a highly-rated insurance company is difficult considering how many companies are available to choose from in New York. The ranking data displayed below could help you pick which auto insurers you want to consider when looking for cheaper rates. These ratings are for companies that insure vehicles nationwide, so companies with more of a regional focus will not be 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+

Top 10 Large Car Insurance Companies in New York Ranked by Value

1. The General
2. Erie Insurance
3. The Hartford
4. Mercury Insurance
5. Farmers Insurance
6. 21st Century
7. Safeco Insurance
8. AAA Insurance
9. State Farm
10. Travelers

Find the cheapest car insurance for low income drivers in New York

The list below summarizes a few thrifty solutions that can help New York drivers find cheap coverage.

• Staying accident-free helps keep rates low
• Do not get traffic violations
• Increase physical damage deductibles
• Earn discounts for being claim-free
• Full coverage may not be needed on older vehicles
• Shop around for cheaper prices often

That last piece of advice is extraordinarily crucial, as was discussed in the article above. Coverage rates change constantly, so don’t be unwilling to buy a policy from a new company if you find a cheaper price. Staying with the same company for years is fine, but it’s not recommended if that faithfulness ends up costing you a fortune every year. It only takes a couple minutes to compare prices to find cheaper auto insurance for low income drivers.