Life would sure be easier if we could tell you the one company in New York that has the cheapest rate quotes in New York. Unfortunately, it’s not that simple as there are a whole bunch of unknown factors such as if you are married or single, whether you are a man or a woman, your date of birth, and the miles you drive each year, that all impact the cost of coverage. This article will cover these things and educate you enough to have a jump start in finding the best auto insurance in Buffalo.
Finding low-cost insurance is not most people’s favorite thing to do, and figuring out which companies offer the cheapest insurance rates for 19 year olds involves a bit more work. Every insurance company uses a slightly different approach for filing rates in each state, so let’s begin by taking a look at the most affordable insurance companies in Buffalo.
Find Cheaper Car Insurance for Teens
|Rank||Company||Cost Per Year|
|11||New York Central Mutual||$1,874|
|Compare Rates Now Go|
USAA has some of the cheapest car insurance rates in Buffalo at around $1,163 annually. Erie, Progressive, Utica National, and Travelers also qualify as some of the cheapest Buffalo, NY insurance companies.
As depicted above, if you are a customer of Utica National and switched to USAA, you might achieve an annual savings of roughly $386. Policyholders with Travelers could save as much as $396 a year, and MetLife customers might see rate reductions of $425 a year.
To see if your current coverage is too expensive, click here to start your free quote or visit any of the low-priced companies below.
Be aware that those premium estimates are averaged for all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for 19 year olds. So the insurer that fits your situation best may not even be in the top 20 companies in the list above. That point stresses why you need to get quotes using your own specific driver and vehicle information.
The make and model of vehicle you are buying coverage for is one of the largest factors when consumers are trying to find the lowest-priced auto insurance for 19 year olds. Vehicles with average performance, advanced safety features, or a positive history of liability claims will cost much less to insure than high performance models. The table below features insurance premiums for the most economical vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$7,329|
|Honda Accord LX-P 4-Dr Sedan||$7,339|
|Honda CR-V EX-L 2WD||$7,423|
|Jeep Wrangler Sport 4WD 2-Dr||$7,581|
|Hyundai Elantra SE Touring Station Wagon||$7,931|
|Ford F-150 STX Regular Cab 2WD||$8,092|
|Ford Edge Limited 2WD||$8,600|
|Toyota Tacoma Double Cab 4WD||$8,694|
|Toyota Camry LE||$8,703|
|Chevrolet Impala LT||$8,694|
|Chevrolet Equinox LT AWD||$8,702|
|Toyota RAV4 Limited 4WD||$8,694|
|Dodge Grand Caravan Hero||$8,703|
|Chevrolet Silverado LT Extended Cab 4WD||$8,694|
|GMC Sierra SLE Regular Cab 2WD||$8,704|
|Chevrolet Malibu LS||$8,694|
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Data assumes single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in zip code location which can modify insurance rates substantially.
By looking at the data, we can infer that vehicles like the Ford Escape, Honda Accord, and Honda CR-V should be some of the cheapest vehicles to insure for teenage drivers. Auto insurance rates will trend higher just because there is more claim risk for 19 year olds, but overall those models will probably have the cheapest rates possible.
Get discount Buffalo car insurance rates
Insurers that offer cheap quotes for 19 year olds may also provide rate discounts that could potentially reduce rates by 30% or more if you are eligible. Companies and the discounts they provide are:
- State Farm discounts include Steer Clear safe driver discount, accident-free, safe vehicle, anti-theft, defensive driving training, student away at school, and passive restraint.
- Farmers Insurance may offer discounts for good student, homeowner, multi-car, early shopping, and youthful driver.
- Progressive includes discounts for good student, continuous coverage, homeowner, multi-policy, and multi-vehicle.
- GEICO offers premium reductions for good student, emergency military deployment, daytime running lights, anti-lock brakes, driver training, and five-year accident-free.
- Auto-Owners Insurance may include discounts for safe driver, air bags, company car, mature driver, paid in full, and group or association.
- The Hartford has savings for defensive driver, good student, vehicle fuel type, bundle, and anti-theft.
- Farm Bureau offers discounts including youthful driver, 55 and retired, multi-policy, good student, renewal discount, driver training, and multi-vehicle.
- USAA has discounts for family discount, multi-policy, new vehicle, vehicle storage, annual mileage, and loyalty savings.
The diagram below shows the comparison of insurance prices with and without discounts applied. The information is based on a female driver, a clean driving record, no claims, New York state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with homeowner, anti-theft, multiple policy, vehicle safety, defensive driving course, and accident-free discounts applied. When taking advantage of discounts, the average savings per year on insurance for 19 year olds is 28% or $470.
The chart below illustrates how your choice of deductibles can impact insurance premiums when searching for cheap insurance for 19 year olds. The price estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could cut expenses by $180 a year by changing from a $100 deductible up to a $500 deductible, or save $272 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old, can save $450 annually by using a higher deductible. When using a larger deductible, it will now be necessary to have enough savings set aside to offset the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Here’s why price comparisons are so important
Buffalo, NY insurance rates are impacted by many things that may substantially change the price you pay for coverage. Simply improving your credit, moving to a different location, or getting a DUI can trigger price changes resulting in some rates now being cheaper than competitors. Also, auto insurance companies change premium rates as needed in order to offset underwriting gains or losses. Larger than normal claims may result in increased rates, while profitable underwriting can cause more affordable Buffalo car insurance rates.
As an example, the data below shows which companies have the cheapest car insurance in Buffalo, NY for a 30-year-old male driver with no accidents or violations, and a high credit rating. If we estimate rates based on his current situation, USAA quotes the lowest car insurance rates in Buffalo at $1,936 a year. This is $139 less than the average rate paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers are the remainder of the best Buffalo, NY auto insurance companies.
In this example, we will give the driver in the first chart a chargeable claim, a lower credit score, and a traffic ticket or two. Because each insurer has a proprietary method to set their prices, getting updated rate quotes will most likely result in a new list of the cheapest car insurance companies in Buffalo as shown below.
Amica now has the lowest price on auto insurance in Buffalo with MetLife, Preferred Mutual, Erie, and New York Central Mutual completing the list. This illustrates why drivers need to do a thorough rate comparison when trying to get affordable auto insurance rates for 19 year olds.
Rates are determined by many risk factors and change dramatically, so the most affordable company six months ago may now be wasting a lot of money.
The insurance agencies listed below are willing to provide answers to your questions and help you determine which coverage meets your needs best, as some people prefer to have some professional guidance when trying to find the best insurance rates for teenage drivers. It can be challenging to find the best coverage on your own, so getting advice from a licensed agent can give satisfaction knowing you have suitable coverage if you ever need to use it. To locate a Buffalo car insurance agency closest to you, click the button after the list.
C.N. Maranto Agency, Inc.
36 Hopkins Rd – Buffalo, NY 14221 – (716) 633-1818
Dan Schmidt – State Farm Insurance Agent
615 Elmwood Ave – Buffalo, NY 14222 – (716) 783-9460
Charles P Faso, Inc.
860 Englewood Ave – Kenmore, NY 14223 – (716) 877-1702
Cannizzaro Insurance Agency, Inc
432 Amherst St – Buffalo, NY 14207 – (716) 235-8882
Able Insurance Agency
1798 Main St – Buffalo, NY 14208 – (716) 883-5212
How to find budget-friendly auto insurance for 19 year olds
It’s not impossible to find cheaper rates, and here are many penny-pinching suggestions that can help New York drivers locate cheaper coverage.
- Clean up your credit
- Increase the comprehensive and collision deductibles on your policy
- Do not get tickets
- On older vehicles, drop full coverage
- Buy safe vehicles
- Accidents can significantly increase rates
- Compare rates once a year for cheaper prices
The last tip is very crucial, as we discussed in the prior information. Prices charged by auto insurers fluctuate constantly, so drivers shouldn’t hesitate to switch to a new company if a lower-cost policy is available. Sticking with a specific company is fine, but is isn’t recommended if it’s costing you a considerable chunk of change every month. Now is a great time to compare prices and find cheaper auto insurance for 19 year olds in Buffalo.