If you are looking for car insurance in New York there are many factors that come into play in deterring your annual premiums. City dwellers will certainly pay more for to insure their vehicles than suburbanites. But you don’t have to just sit down and take it. There are things you can do to save money on your car insurance in New York.
Raising your deductibles can mean an annual savings of up to 10% a year. Increasing your deductible from $250 to $500 might result in a substantial rate decrease. But make sure you know where to spend the money and where to save it. If you raise your premium to a higher amount now to save a little, you may have to spend more in the long run.
Make sure you have the mandatory coverage required by the state of New York but then select additional coverage according to your needs. Unnecessary insurance will cost you more in yearly premiums and is a waste if it is something that is really not relevant at this time. Over insuring your vehicle may seem like a good idea at the time but may not be necessary.
Look for a company that encourages you to combine your car insurance with your life insurance, renter’s insurance or homeowners insurance. Not only is it easier to keep track of, it will possibly save you money on all of the policies that you link together.
With the internet at your fingertips, shopping around is easier than ever. New York car insurance is not a one policy fits all. You will be surprised at the range of price differences between several companies. It is so common, some insurance companies are even willing to do cost comparisons for you to show you who really does have the best rates.
If you already have a good credit score, good for you. If not, make it a priority to get your score raised within the next six months to a year. Also, check your credit report regularly to make sure that there are no errors that could be costing you extra in your premiums. As soon as your score improves, make sure that you notify your company before your next premiums are calculated.
If at all possible, try to not use your car for business. Many insurance companies rate higher premiums when you are on work-related excursions. If this is not a possibility, try to join a carpool to reduce your driving time.
The more you protect your vehicle the lower your insurance premiums will be. Keeping your car in the garage as opposed to out on the street will definitely affect your rates. And the addition of car alarms, anti theft devices and tracking systems such as the LoJack will cut down potential theft and vandalism claims.
These may seem like simple little ways to save money but when you put them all together you could realize some substantial savings on your car insurance in New York.