What Car Insurance is Cheapest for Postal Workers in Buffalo?

The type of vehicle driven is one of the biggest factors when shopping around for cheaper coverage for postal workers. Vehicles with lower acceleration and performance, a plethora of safety features, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models. The next list showcases coverage premiums for a number of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in Buffalo, NY
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,930
Ford Escape Limited 2WD $2,234
Toyota RAV4 2WD $2,290
Chevrolet Malibu LS $2,298
Dodge Grand Caravan Hero $2,290
Honda Accord EX-L 4-Dr Sedan $2,302
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,334
Volkswagen Jetta S 2.5 Station Wagon $2,353
Ford Focus SES 4-Dr Sedan $2,371
Ford Edge SE 2WD $2,400
Toyota Corolla LE $2,412
Chevrolet Impala LTZ $2,418
Toyota Prius $2,412
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate information does not factor in vehicle location which can modify premium rates substantially.

Looking at the rates, we can assume that models like the Honda CR-V, Ford Escape, Toyota RAV4, Chevrolet Malibu, and Dodge Grand Caravan will definitely be a few of the most budget-friendly vehicles to insure for postal employees.

Determining which companies quote the lowest-priced car insurance rates for postal workers involves a little more work than just quoting one company’s rates. Each auto insurance company uses their own formula for setting rates, so we’ll go over the most budget-friendly car insurance companies in Buffalo.

It’s important that you understand New York car insurance rates are impacted by many things that may substantially change the price you have to pay. Improving your credit score, increasing liability limits, or having a fender bender can trigger price changes that can now make some companies much cheaper than others.

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New York auto insurance company rankings
Rank Company Cost Per Year
1 USAA $1,187
2 Erie $1,205
3 Utica National $1,489
4 Progressive $1,512
5 Travelers $1,513
6 MetLife $1,572
7 Allstate $1,588
8 Amica $1,596
9 Preferred Mutual $1,754
10 GEICO $1,850
11 New York Central Mutual $1,892
12 Safeco $1,946
13 State Farm $1,982
14 Central Mutual $2,028
15 Liberty Mutual $2,087
16 Hanover $2,299
17 Encompass $2,662
18 Nationwide $3,085
19 Mercury $3,965
20 21st Century $4,324
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USAA may offer some of the best car insurance rates in Buffalo at around $1,187 per year. Erie, Utica National, Progressive, and Travelers would also be considered some of the most economical Buffalo, NY auto insurance companies.

As shown above, if you are insured with Travelers and switched to Erie, you may realize a yearly price reduction of in the neighborhood of $308. Drivers with MetLife may save as much as $367 a year, and Allstate insureds might reduce rates by $383 a year.

To find the cheapest coverage for you, click here to start your free quote or visit any of the companies below.

Bear in mind that those prices are averaged across all types of drivers and the different vehicles they drive and do not factor in a specific location for postal workers. So the car insurance company that has the cheapest rates for you may not even be in the top 20 companies in the list above. That point stresses why you need to compare prices as often as possible using your own individual information.

For postal employees, one of the more important criteria that determine the price you pay for insurance is where you live in Buffalo. Areas with more people or more claims likely pay more, whereas areas that tend to be more rural tend to receive slightly lower rates.

The following table ranks the priciest cities in New York for postal workers to buy auto insurance in. Buffalo is ranked at #13 with a yearly premium of $1,488 for the average policy, which is around $124 per month.

How much does car insurance cost in Buffalo, NY?
Rank City Average Per Year
1 New York $2,654
2 Hempstead $2,279
3 Freeport $2,213
4 Levittown $2,041
5 Mount Vernon $1,938
6 West Babylon $1,932
7 Yonkers $1,920
8 Hicksville $1,919
9 Brentwood $1,910
10 Coram $1,732
11 White Plains $1,629
12 New Rochelle $1,610
13 Buffalo $1,488
14 West Seneca $1,237
15 Cheektowaga $1,203
16 Tonawanda $1,201
17 Niagara Falls $1,189
18 Syracuse $1,130
19 Troy $1,095
20 Utica $1,092
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Premium amounts are comparative as the specific geographic location can affect premiums substantially.

Cost comparison with and without full coverage

Buying cheaper car insurance is the goal of the majority of drivers, and one of the easiest ways to pay lower rates for insurance for postal workers is to not insure for full coverage. The diagram below compares insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in New York. The data assumes a clean driving record, no claims, $100 deductibles, single status, and no other discounts are factored in.

If the expense is averaged for all age categories, comp and collision coverage costs an additional $1,523 per year more than insuring for liability only. Many of you may wonder if buying full coverage is a waste of money. There is no clear-cut formula to exclude comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your vehicle’s settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying your deductible. If it’s costing in excess of $300 annually for full coverage, then you may need to consider dropping full coverage.

The information below illustrates how your deductible choice can increase or decrease insurance costs when researching cheap insurance for postal workers. The premiums assume a married male driver, comp and collision included, and no discounts are taken into consideration.

The chart above illustrates that a 50-year-old driver could lower rates by $258 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $388 by switching to a $1,000 deductible. Younger drivers, like the Age 20 category, can save $860 every year by using higher deductibles when buying full coverage.

If you do raise deductibles, it is necessary to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Low rates can quickly become overpriced

New York car insurance rates are based on many factors which can substantially change the cost of your policy. Simply getting older, buying a home, or getting a speeding ticket can cause premium changes resulting in some companies being much cheaper than others. Not only may your risk profile change, but companies file new New York car insurance rates without warning in order to offset underwriting gains or losses. Heavier than normal losses can result in additional premium costs, while lower claim expenses may result in more affordable Buffalo car insurance rates.

To illustrate this example, the data below demonstrates which company has the cheapest car insurance in Buffalo, NY for a 45-year-old female driver with no prior claims, no tickets, and good financial standing. If we look at prices based on her personal profile, USAA offers the lowest car insurance rates in Buffalo at $1,822 per year. This is $253 less than the average rate paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Allstate also make the list of the best Buffalo, NY auto insurance companies.

Let’s now give the driver from the above example an accident claim, a little lower credit rating, and an imperfect driving record. Since each auto insurance company uses their own method for setting prices, comparing rates may now result in a significantly different list of the cheapest companies as shown below.

Amica now has the lowest price in Buffalo, NY with MetLife, Preferred Mutual, Erie, and New York Central Mutual also having competitive pricing. This example illustrates why Buffalo drivers need to spend some time comparing rates to find the lowest auto insurance rates for postal workers.

Insurance prices can be altered by many different factors and can change substantially, so the lowest-price company the last time you shopped around may now not even be in the top five.