Cheapest Auto Insurance Quotes for Veterans in New York

Wouldn’t it be awesome if we could wave our magic wand and tell you that one perfect company that has the best insurance prices for veterans? Unfortunately, it’s just not that easy, as there are many unknown factors like where you live in New York, if you have a spouse, and if you rent or own your home. Car insurance is kind of a dry topic, but this article will explain some of these topics and educate you enough to have a good start in finding the cheapest insurance.

Trying to buy affordable auto insurance is not the easiest thing to accomplish, and figuring out which company has the cheapest auto insurance rates for veterans calls for a little more work. Every insurance company has a different formula to set their prices, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in New York.

Keep in mind that New York auto insurance rates are influenced by many factors which can significantly increase or decrease the cost of your policy. This is why it is critical to compare many different companies when trying to find the most affordable car insurance quotes for veterans. Rates can be determined by many different factors and change substantially, so the most affordable company the last time you compared rates may now be priced much higher than other options.

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USAA quotes some of the most affordable car insurance rates in New York at around $1,199 a year. Erie, Progressive, Utica National, and Allstate would also make the list of some of the lowest-priced New York auto insurance companies.

As depicted above, if you are currently insured with Erie and switched to USAA, you might see annual savings of upwards of $43. Insureds with Progressive might save as much as $297 a year, and Utica National customers might reduce prices by as much as $335 a year.

It’s important to note that these premiums are averages for all drivers and vehicles and and are not figured with a rate decrease for veterans. So the insurer that has the cheapest rates for you may not even be in the above rate chart. That is why you need to get rate quotes from many companies using your own driver information and specific vehicle type.

The car, truck, or SUV on the policy is probably the most important factor when trying to find the cheapest car insurance for veterans in New York. Vehicles with higher performance, poor safety features, or a history of substantial liability claims will cost substantially more to insure than safer models. The information below ranks auto insurance premiums for some of the most affordable automobiles to buy insurance for.

Table data represents single male driver age 50, 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. Rate quotes do not factor in the specific area where the vehicle is garaged which can increase or decrease coverage rates considerably.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price information does not factor in specific location which can modify premiums greatly.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in specific garaging location which can alter coverage prices noticeably.

Should you buy full coverage?

Finding the cheapest car insurance for veterans in New York is the goal of most drivers, and one way to save on the cost of insurance is to only buy liability insurance. The diagram below shows the difference between annual premium costs when comparing full coverage to liability only. The data assumes no accidents, no driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.

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If averaged for all ages, comprehensive and collision coverage on your policy costs an extra $1,396 per year more than buying just liability insurance. That proposes the question if you should buy full coverage at all. There isn’t a written rule for dropping physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

There are some cases where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.