The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are trying to find the lowest insurance rates for a learners permit. To save some money, let’s open your eyes to some things that have an effect on car insurance rates, and come up with some ways to lower the cost of your next policy.
The type of vehicle that needs insurance is probably the most important factor when trying to find cheap auto insurance for a learners permit. Vehicles with lots of speed or power, poor safety features, or high incidents of liability claims will cost more to insure than safer, lower-performance models. The next table features car insurance rates for a handful of the cheaper automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$9,284|
|Ford Escape XLT 4WD||$9,372|
|Jeep Wrangler Sahara 4WD 2-Dr||$10,442|
|Ford Explorer Eddie Bauer 2WD||$10,448|
|Volkswagen Jetta SE 2.5 Station Wagon||$10,595|
|Ford Focus SE 4-Dr Sedan||$10,922|
|Chevrolet Impala LS||$10,928|
|Toyota Camry LE||$11,010|
|Chevrolet Malibu LS||$11,016|
|Dodge Grand Caravan Hero||$11,010|
|Jeep Grand Cherokee Laredo 2WD||$11,018|
|Toyota RAV4 Sport 4WD||$11,010|
|Chevrolet Equinox LT AWD||$11,018|
|Toyota Tacoma Double Cab 4WD||$11,010|
|Ford F-150 FX4 4WD||$11,098|
|Hyundai Elantra GLS 4-Dr Sedan||$11,578|
|Ford Edge Limited AWD||$11,586|
|Honda Odyssey EX-L W/Navigation||$11,578|
|GMC Sierra SLE Regular Cab 4WD||$11,666|
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Price data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in Buffalo, NY location which can modify coverage prices greatly.
Based on these rates, models like the Honda CR-V, Ford Escape, Toyota Prius, and Jeep Wrangler will definitely be a few of the most budget-friendly vehicles to insure for new drivers. The price for car insurance will tend to be higher just because there is more claim risk for a learners permit, but generally speaking those specific models will tend to have the best insurance prices available.
One of the more important components that are looked at to determine the amount you pay for auto insurance is where your residence is in Buffalo. Areas with more people or more claims tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The next table rates the most costly cities in New York for a learners permit to purchase car insurance in. Buffalo is ranked #13 having an annual price of $1,488 for the average policy, which is approximately $124 per month.
|Rank||City||Premium Per Year|
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Premium amounts are estimated as the specific geographic location can affect auto insurance rates considerably.
Deciphering which companies have the best insurance rates for a learners permit will take a little more work than just comparing a company or two. Every auto insurer has their own formula for establishing rates, so we’ll go over the insurance companies that tend to be cheaper in Buffalo.
Keep in mind that Buffalo, NY insurance rates are determined by lots of factors that will increase or decrease the price you pay for coverage. Improving your credit score, buying a new vehicle, or getting a few speeding tickets may cause policy rate changes that can cause some rates to be cheaper in comparison to the competition.
Cheap Insurance Rates in New York
|Rank||Company||Cost Per Year|
|10||New York Central Mutual||$1,892|
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USAA has some of the lowest car insurance rates in Buffalo at around $1,199 each year. This is $876 less than the average policy premium paid by New York drivers of $2,075. Erie, Utica National, Allstate, and Progressive would also be considered some of the cheaper Buffalo, NY car insurance companies.
As shown in the rates above, if you currently have coverage with Allstate and switched to Erie, you may see savings of in the vicinity of $338. Drivers with Progressive might save as much as $340 a year, and Travelers customers might realize rate reductions of up to $341 a year.
Remember that these rates are averaged across all types of drivers and the different vehicles they drive and and are not figured with a specific location for a learners permit. So the insurer that has the cheapest price for you may not even be in the list above. That point stresses why you need to quote rates from many companies using your own driver and vehicle profiles.
Ending up with the right auto insurance provider is hard considering how many companies sell coverage in Buffalo. The company rank data in the lists below could help you select which coverage providers to look at when shopping your coverage around.
The rankings below include companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in New York will not be included in this list. If you’d like to compare prices from these companies and more, click this link.
Top 10 Major Auto Insurers Overall in Buffalo
- The General
- Mercury Insurance
- The Hartford
- State Farm
- Farmers Insurance
- Erie Insurance
- Safeco Insurance
The illustration below shows how choosing a deductible can increase or decrease annual premium costs when trying to find cheap insurance for a learners permit. The costs are based on a married female driver, comp and collision included, and no discounts are factored in.
As shown above, a 40-year-old driver could cut expenses by $250 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $378 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, have the ability to save as much as $628 each year by using higher deductibles when buying full coverage.
If you do raise deductibles, it’s a good idea to have enough savings set aside to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
How to find more affordable car insurance for a learners permit
Lowering your rates is not difficult, and here are some of the recommended penny-pinching suggestions that can help New York drivers buy cheap coverage.
- Increase your physical damage deductibles
- Good credit can help you save money
- Get cheaper liability coverage by choosing a safer vehicle
- Avoid at-fault accidents and claims
- Save money by obeying traffic laws and keeping a clean driving record
- Do not pay for comprehensive and collision coverage on older vehicles
- Shop around for cheaper prices
That last idea is particularly crucial, as was noted in the prior information. Prices charged by car insurance companies can change considerably based on profitability, so don’t be tentative to switch companies if a more affordable price is available. Brand loyalty is great, but it’s not a great idea if that loyalty results in overpaying hundreds of dollars year after year. Now is a great time to compare rates and find cheaper insurance for a learners permit in Buffalo.
The agents listed below are willing to help you decide which car insurance policy is best, since some people have coverage questions and would like to have professional advice when comparing insurance rates for a learners permit. It can be time-consuming to find the cheapest rate yourself, and getting professional guidance from a licensed agent can add comfort knowing your policy gives you sufficient coverage for your assets. To locate a Buffalo insurance agent near you, click the button after the list or click here to compare price quotes now.
Vanner Insurance Agency LLC
11 Pinchot Ct – Buffalo, NY 14228 – (716) 688-8888
Jacob Hauck Agency Inc
801 Main St – Buffalo, NY 14203 – (716) 853-3820
State Farm: Dan Hawrylczak
1335 Hertel Ave – Buffalo, NY 14216 – (716) 873-3771
MandT Insurance Agency Inc.
285 Delaware Ave – Buffalo, NY 14202 – (716) 853-7960