Figuring out which company offers the most affordable auto insurance rates for good students will take a little more sweat in order to find the best price. Every insurance provider has their own guidelines to determine premium rates, so we need to take a look at the most affordable auto insurance companies in New York.
It’s important to understand that Buffalo auto insurance rates are based on many factors that can increase the cost of coverage. Improving your credit score, becoming a homeowner, or getting a ticket for running a stop sign can cause premium changes that can now make some companies cheaper than others.
Best Auto Insurance Prices for Students
USAA normally has some of the most affordable car insurance rates in Buffalo at around $1,163 annually. This is $912 less than the average price paid by New York drivers of $2,075. Erie, Progressive, Utica National, and Allstate are also some of the lowest-priced Buffalo, NY insurance companies.
In the above example, if you are insured with Utica National and switched to Erie, you could see an annual premium reduction of around $331. Insureds with Allstate may save as much as $338 a year, and Travelers policyholders might see rate reductions of $341 a year.
It’s important to note that these policy prices are averaged for all types of drivers and the different vehicles they drive and do not take into consideration an exact location for good students. So the auto insurance company that can offer you the best price may not even be in the list above. That is why you need to get auto insurance quotes using your own driver data and vehicle information.
For student drivers, one of the more important criteria that aid in calculating car insurance rates is your address. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas less populated areas get the luxury of paying less.
The information below sorts the highest-priced places in New York for good students to buy car insurance in. Buffalo is ranked #13 costing $1,548 for the average policyholder, which is about $129 monthly.
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Price information shown is comparative as the specific garaging location can alter premium rates noticeably.
Discount Buffalo car insurance rates
Auto insurance companies that provide policies for good students may also give you price discounts that could reduce prices by 25% or more if you meet eligibility requirements. A list of auto insurance companies and some of their more popular discounts can be read below.
- Farmers Insurance offers premium reductions for homeowner, business and professional, multi-car, electronic funds transfer, and early shopping.
- State Farm policyholders can earn discounts including good student, accident-free, multiple autos, Drive Safe & Save, driver’s education, and good driver.
- Liberty Mutual has discounts for new vehicle discount, multi-car, new graduate, newly retired, new move discount, and safety features.
- MetLife includes discounts for defensive driver, claim-free, good student, multi-policy, good driver, and accident-free.
- Progressive has savings for good student, online quote discount, multi-vehicle, online signing, and continuous coverage.
The information below illustrates the difference between insurance premiums with and without some available policy discounts. The data is based on a female driver, a clean driving record, no claims, New York state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, good student, passive restraint, paperless filing, vehicle safety, and continuous coverage discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on auto insurance for good students is 28% or $471.
Illustration showing the impact of accidents and violations
The ideal way to receive cheap auto insurance prices for student drivers is to be a cautious driver and avoid traffic citations and accidents. The illustration below demonstrates how citations and at-fault fender-benders raise premium costs for each different age category. The premium estimates are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of an auto insurance policy in New York per year with a clean driving record and no accidents is $1,070. Receive one speeding ticket and the average cost hikes up to $1,228, an increase of $158 each year. Now add one accident along with the one speeding ticket and the yearly cost of auto insurance for good students jumps again to an average of $1,670. That’s an increase of $599, or $50 per month, just for not driving safely!
Ideas for finding the cheapest auto insurance for good students
The list below shows some money-saving solutions that can help New York drivers find cheap coverage.
- Ensure your driving record is clean
- Buying home and auto insurance together can earn discounts
- Avoid accidents and claims
- Earn discounts for being claim-free
- Drive vehicles with five-star safety ratings
- Shop your coverage around for the best deal
The last idea is highly crucial, as was pointed out in the prior article. Rates in Buffalo adjust frequently, so don’t be afraid to switch to a new company if you find a cheaper price. We understand brand loyalty, but is isn’t recommended if that devotion results in you overpaying hundreds of dollars year after year. It takes less than five minutes to compare rates and find cheaper car insurance for good students.