12/24/09

7 Ways To Save on Your New York Auto Insurance in 2010

7 Ways To Save on Your New York Auto Insurance in 2010

Consult with your agent. Many companies have changed the way policy rates are determined. In the last few years, many insurance companies introduced a credit scoring formula into the mix. Prior insurance history, claims, moving violations, coverage limits and credit history now carry the most weight when obtaining an insurance rate. If you have had the same company for over 5 years or more, it is quite possible you may not be benefitting from your excellent credit history. It is probably a good time to shop around.

Other ways to cut your rates:

Are you getting all the discounts you are entitled to? If a life event has changed your family dynamic, it could impact your insurance costs. Many insurance carriers offer a discounted tier, when a rated, younger driver goes off to college without a vehicle. Simple documentation from SUNY Albany, Siena College, Cornell, Binghamton, Marist or Buffalo might reduce your New York auto insurance rates. Unfortunately, you’re still stuck paying the college tuition.

Increase your collision and comprehensive (fire & theft) deductibles to $ 1000. A higher deductible reduces your premium. It’s an option you should consider.

Drop collision and/or comprehensive from older vehicles. To determine the trade offs, go to (Kelley Blue Book) to figure out your vehicles value and what you risk by removing these coverages from your policy. Then call your agent and request your annual savings, should you decide to remove these coverages.

Take an accident prevention / defensive driver course, especially important for fulltime, youthful operators. It just got a whole lot easier to take the class! You can do it from your home or your workplace. The New York State Department of Motor Vehicles has recently approved an online version of the course. Here is the link to approved vendors: On a NY auto insurance policy, you could save 10% on most coverages. Get that completion certificate to your agent. The discount last for 3 years!

Consult an agent with more than 1 company. Many of the “Big Box” insurance companies only have the ability to offer a single company product. They spend tons of money advertising but only offer you 1 option!

2 comments:

Ruchi said...

Thank you very much ! I am shifting to New York very soon..My cousin is living there from long time and enjoying the life.

Ruchi said...

Thank you very much ! I am shifting to New York very soon..My cousin is living there from long time and enjoying the life. commercial general liability insurance