New York
Car insurance is a necessity to keep yourself safe financially in the event that you have to file a claim. It has the potential to save you thousands of dollars in exchange for a small monthly premium. However, car insurance companies must do more than tote affordable coverage to keep up with the demands of consumers. Today’s best auto insurance companies must have high customer satisfaction scores, a straightforward claims process and better accessibility such as tools like smartphone apps.
New York requires that all drivers maintain auto insurance coverage on a continuous basis. New York’s Department of Motor Vehicles (DMV) has a system in place called the Insurance Information and Enforcement System (IIES). Essentially, IIES detects uninsured vehicles.
Insurance companies are required to formally submit insurance information – including cancellations, renewals, and issuance of new policies – for all New York citizens they insure. The DMV then maintains this information in an electronic database and continuously tracks insurance coverage for each vehicle registered with the state.
Best Car Insurance Companies In New York
With over 50 choices for your New York car insurance, it’s hard to know which company will provide you with the best coverage and cheapest auto insurance rates.That’s why, we recently researched many of the top car insurance companies in New York.Our Top 4 Picks for the Best Cheap Car Insurance in New York
GEICO
You can insure almost any type of vehicle with GEICO, which is great because you can bundle all your vehicles together. If you insure more than one car this way, you will get a multi-car discount.
This discount increases with the number of cars, and it can grow up to 25%. You do not have to own every car in this policy. You can include your family members or your roommates as long as you live in the same address.
Geico has high ratings across the board from professional agencies. It maintains an A+ rating from the Better Business Bureau (BBB) and an A++ rating in financial strength from AM Best.
State Farm
State Farm auto insurance has been around since 1922. Today, the provider is a national leader for auto and other insurance needs, and its reputation speaks for itself.
In 2019, State Farm received high praise from J.D. Power for its service interaction and claims handling. And of all the insured drivers we surveyed, it received the most positive remarks by far.State Farm also gets high marks for a pain-free shopping experience that lets prospective customers call their local agent or chat with a representative online if they have any questions.
Travelers
Travelers offers liability, uninsured and underinsured motorist, collision and comprehensive coverage, plus some extras like new car replacement and lease/loan gap coverage. For those willing to pay a little extra, there’s also accident forgiveness and disappearing deductible.
Along with basic coverage, you can receive the following through Travelers:
- Roadside assistance
- Rental car reimbursement
- GAP insurance
- New car replacement
Quotes are available online and by phone, but Travelers primarily works through independent agents. That can be a perk for drivers who want to form a personal connection with one agent.
Nation Wide
If you are a first time driver you will need good insurance for your car, but insurance companies often take advantage of your situation. The rates for new drivers are usually higher, but Nationwide is very reasonable, all things considered.
You can earn many discounts even if you are new to driving, such as installing anti-theft devices or taking a driver safety course. After you pass the safety tests, you can save 10% on your annual insurance rate.
Car Insurance Mandatory In US
In the United States, automotive insurance covering liability for injuries and property damage is compulsory in most states, but different states enforce the insurance requirement differently.