It’s hard to avoid all the catchy advertisements from auto insurance companies like Liberty Mutual and Allstate that guarantee big savings, so drivers should just pick one at random, right?
It’s not that simple, unfortunately, as there are a lot of unknown factors like the number of miles you drive in a year, the amount of liability insurance you need, your credit rating, and how safe your vehicle is, that all impact the price you pay. We will try to cover some of these criteria and should give you a good start in finding the cheapest insurance in New York.
Finding out which companies offer the best insurance rates for drivers with good credit will take a bit more effort than just comparing rates from one or two companies.
Every insurance provider has their own unique process to set their prices, so we’ll go over the most affordable insurance companies in New York. It’s important that you understand Buffalo insurance rates are based on many factors that can increase the policy premium. Getting older, increasing liability limits, or having an accident can produce rate changes resulting in some rates now being cheaper in comparison to the competition.
Best Auto Insurance Prices for High Credit
USAA quotes some of the most affordable car insurance rates in Buffalo at around $1,187 annually. Erie, Progressive, Utica National, and Allstate also make the cut as some of the best Buffalo, NY car insurance companies.
As shown above, if you have coverage with Erie and switched to USAA, you could realize an annual savings of around $31. New York drivers with Progressive could save as much as $309 a year, and Utica National policyholders might lower prices by $347 a year.
To find the cheapest rates for your vehicle, click here to get quotes or visit any of the low-priced companies below.
These policy prices are averaged across all insureds and vehicles and and are not calculated with a specific location for drivers with good credit. So the car insurance company that fits your needs best may not even be in the top 20 companies in the list above. That’s why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The type of vehicle driven is probably the largest consideration when consumers are trying to find economical insurance for drivers with good credit. Vehicles with lower performance, an excellent safety record, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models.
The data below features car insurance costs for a selection of the cheaper automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$2,364|
|Honda Civic DX 4-Dr Sedan||$2,393|
|Honda Odyssey EX W/Rear Entertainment||$2,399|
|Volkswagen Jetta 2.0T Station Wagon||$2,409|
|Chevrolet Equinox LS AWD||$2,442|
|Chevrolet Malibu Hybrid||$2,447|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,481|
|Ford Escape XLT 2WD||$2,537|
|Hyundai Elantra GLS 4-Dr Sedan||$2,569|
|GMC Sierra SLE Crew Cab 4WD||$2,615|
|Ford F-350 XLT Crew Cab Lariat 2WD||$2,709|
|Honda Accord EX 2-Dr Coupe||$2,748|
|Toyota Camry Hybrid||$2,794|
|Ford Fusion S 4-Dr Sedan||$2,797|
|Ford F-150 XLT Crew Cab 2WD||$2,836|
|Dodge Grand Caravan CV||$2,842|
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Prices do not factor in garaging location in Buffalo, NY which can raise or lower auto insurance rates significantly.
Based upon the table data, vehicles like the Honda CR-V, Honda Civic, and Honda Odyssey are most likely going to be some of the less-costly vehicles to insure for financially responsible drivers.
For financially responsible drivers, one of the more important components that help determine car insurance rates is your address. More densely populated places tend to have higher rates, whereas areas with lower crime rates and fewer weather claims receive better rates.
The illustration below rates the priciest cities in New York for drivers with good credit to purchase a policy in. Buffalo is ranked at #13 with an annual premium of $1,533 for car insurance, which is approximately $128 per month.
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Price information shown is estimated as the specific garaging location can influence coverage prices substantially.
Discount Buffalo insurance rates
Auto insurance companies that offer cheap quotes for drivers with good credit may additionally offer price discounts that could potentially reduce rates by as much as 25% or more if you meet specific eligibility requirements. Companies and the discounts they provide are included below.
- GEICO offers premium reductions for military active duty, anti-theft, multi-vehicle, federal employee, membership and employees, defensive driver, and air bags.
- Mercury Insurance policyholders can earn discounts including ease of repair, good driver, accident-free, professional/association, multi-car, and multi-policy.
- Farmers Insurance offers discounts including pay in full, distant student, business and professional, multi-car, electronic funds transfer, mature driver, and alternative fuel.
- Auto-Owners Insurance has discounts for anti-theft, company car, teen driver, group or association, paid in full, and multi-policy.
- Liberty Mutual may include discounts for newly married, new vehicle discount, new move discount, hybrid vehicle, teen driver discount, new graduate, and multi-policy.
- SAFECO discounts include accident prevention training, teen safe driver, bundle discounts, anti-theft, and teen safety rewards.
- Progressive has savings for online quote discount, homeowner, good student, multi-policy, and online signing.
- USAA includes discounts for driver training, multi-vehicle, loyalty savings, military installation, annual mileage, good student, and safe driver.
The diagram below compares annual premium costs with and without discounts applied to the rates. Data assumes a female driver, no claims or driving citations, New York state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with defensive driving course, vehicle safety, homeowner, accident-free, multiple vehicle, and claim-free discounts applied. When drivers take advantage of discounts, theamount saved on insurance for drivers with good credit is 28% or $536.
The chart below highlights how deductible choice can increase or decrease insurance costs when quoting cheap insurance for drivers with good credit. The rate quotes are based on a married female driver, comp and collision included, and no policy discounts are applied.
A 50-year-old driver could reduce rates by $180 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $272 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could potentially save $450 or more by choosing a larger deductible amount.
If you do raise deductibles, it is essential to have spare funds to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.
How to find low-cost auto insurance for drivers with good credit
The list below summarizes some of the recommended thrifty ideas that can help Buffalo drivers get cheaper coverage.
- If possible, do not file small claims
- Be a safe driver
- Drop full coverage on older vehicles
- Prevent price hikes by avoiding at-fault accidents
- Increase deductibles to save money
- Compare rate quotes frequently
The last tip is extremely important, as was discussed in this article. Car insurance rates can change in a short period of time, so don’t be tentative to switch companies if a more affordable rate is found.
Many drivers tend to have loyalty to a certain company, but it’s not recommended if that devotion results in you overpaying a fortune every year. In just a few minutes you could shop around to find cheaper insurance for drivers with good credit in Buffalo.
The agents listed below can most likely answer your questions and help you decide which insurance coverage will be best for you, as many consumers aren’t sure which coverage to buy and prefer to have some advice when shopping for the best coverage for financially responsible drivers. It’s not always simple to find the cheapest rates, so a licensed agent can provide you peace of mind knowing your coverage gives you enough protection.
To locate a Buffalo car insurance agency close to where you live, click the button after the list or click here to compare prices now.
George Ihle III – State Farm Insurance Agent
7718 Buffalo Ave – Niagara Falls, NY 14304 – (716) 283-9100
The Byrne Insurance Agency Inc
480 Abbott Rd – Buffalo, NY 14220 – (716) 825-4100
361 Delaware Ave – Buffalo, NY 14202 – (716) 849-8618