Wouldn’t it be easy if you could know instantly the exact company that has the lowest car insurance rates for teenage females? That is not the case, however, as there are a whole bunch of unknown factors such as if you need full coverage or just liability, the miles you drive each year, and what coverage limits you want, that all have an effect on the price of a policy. This article will detail the causes of high insurance rates and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance in Buffalo.
Deciding which companies have the cheapest auto insurance rates for teenage females takes a little more work in order to find the lowest price quote. Every auto insurer used slightly different criteria to set policy rates, so let’s look at the rankings for the lowest cost auto insurance companies in Buffalo.
It’s important that you understand Buffalo, NY auto insurance rates are based on many factors that will increase or decrease the policy price. Improving your credit rating, adding a teenager to your policy, or getting a couple of tickets can cause premium changes that can now make some companies more affordable than before.
Find Cheaper Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,187 |
| 2 | Erie | $1,242 |
| 3 | Utica National | $1,489 |
| 4 | Progressive | $1,512 |
| 5 | Travelers | $1,513 |
| 6 | Allstate | $1,556 |
| 7 | MetLife | $1,620 |
| 8 | Amica | $1,644 |
| 9 | Preferred Mutual | $1,703 |
| 10 | New York Central Mutual | $1,836 |
| 11 | GEICO | $1,850 |
| 12 | State Farm | $1,962 |
| 13 | Safeco | $1,966 |
| 14 | Central Mutual | $2,028 |
| 15 | Liberty Mutual | $2,066 |
| 16 | Hanover | $2,393 |
| 17 | Encompass | $2,689 |
| 18 | Nationwide | $3,147 |
| 19 | Mercury | $3,965 |
| 20 | 21st Century | $4,455 |
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USAA normally has some of the most affordable car insurance rates in Buffalo at around $1,187 annually. Erie, Utica National, Progressive, and Travelers also rank well as some of the lowest-priced Buffalo, NY insurance companies.
As shown in the rates above, if you currently buy coverage from Utica National and switched to USAA, you could realize savings of in the vicinity of $302. New York drivers with Progressive could save as much as $325 a year, and Travelers insureds might realize rate reductions of up to $326 a year.
To discover how much you can save, click here to get quotes or click through to the companies below.
Be aware that those prices are averages for all drivers and vehicles in New York and and are not figured with a specific vehicle garaging location for teenage females. So the car insurance company that can offer the best rates for your situation may not even be in the top 20 companies shown above. That points out the importance of why you need to compare as many prices as possible using your own individual information.
For teen girls, one of the largest factors that help determine the cost of insurance is the neighborhood you call home. Regions with more people or even just more weather-related claims are more likely to pay higher prices, whereas more rural areas tend to receive cheaper rates.
The next table sorts the most expensive places in New York for teenage females to buy car insurance in. Buffalo is ranked at #13 with an annual cost of $1,548 on average, which is about $129 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | New York | $2,654 |
| 2 | Freeport | $2,281 |
| 3 | Hempstead | $2,279 |
| 4 | Levittown | $2,041 |
| 5 | Mount Vernon | $1,997 |
| 6 | Yonkers | $1,978 |
| 7 | West Babylon | $1,913 |
| 8 | Brentwood | $1,910 |
| 9 | Hicksville | $1,862 |
| 10 | Coram | $1,766 |
| 11 | White Plains | $1,678 |
| 12 | New Rochelle | $1,610 |
| 13 | Buffalo | $1,548 |
| 14 | Cheektowaga | $1,240 |
| 15 | Niagara Falls | $1,225 |
| 16 | Tonawanda | $1,201 |
| 17 | West Seneca | $1,189 |
| 18 | Utica | $1,136 |
| 19 | Syracuse | $1,097 |
| 20 | Troy | $1,053 |
| 21 | Irondequoit | $1,031 |
| 22 | Rochester | $1,025 |
| 23 | Albany | $1,025 |
| 24 | Schenectady | $1,020 |
| 25 | Binghamton | $922 |
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Price information shown is estimated as the garaging address in Buffalo can modify premium rates noticeably.
The diagram below shows how choosing a deductible can influence insurance costs when searching for cheap insurance for teenage females. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied.
In the chart above, a 50-year-old driver could reduce rates by $210 a year by switching from a $100 deductible to a $500 deductible, or save $318 by selecting a $1,000 deductible. Young drivers, like the Age 20 chart data, could lower their rates as much as $532 or even more by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have enough savings to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Do you need full coverage?
Saving on auto insurance should be important to the majority of drivers, and one great way to find cheap insurance for teenage females is to not insure for full coverage. The example below compares insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims, a clean driving record, $250 deductibles, drivers are not married, and no discounts are taken into consideration.
Averaged for all age groups, physical damage coverage costs $1,396 per year more than insuring for liability only. Many of you may wonder if buying full coverage is worth the money. There is no clear-cut rule that is best for determining when to drop comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s assume your vehicle’s book value is $7,500 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,500 after paying your deductible. If you are paying in excess of $650 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.
How to get discounts on Buffalo auto insurance
Insurance providers that offer cheap quotes for teenage females could also offer price discounts that may potentially lower prices by as much as 40% or more if you meet specific criteria. A few popular companies and a summarized list of policyholder discounts can be found below.
- Farmers Insurance discounts include distant student, early shopping, teen driver, alternative fuel, youthful driver, good student, and switch companies.
- Esurance offers premium reductions for online quote, Pac-12 alumni, multi-car, renters, anti-lock brakes, and paid-in-full.
- State Farm offers discounts including multiple autos, accident-free, Steer Clear safe driver discount, Drive Safe & Save, good driver, anti-theft, and safe vehicle.
- GEICO may offer discounts for driver training, multi-policy, emergency military deployment, anti-lock brakes, and defensive driver.
- Allstate policyholders can earn discounts including 55 and retired, FullPay discount, multi-policy, safe driver, utility vehicle, and passive restraint.
The example below compares insurance premiums with and without discounts applied. The premiums are based on a female driver, no accidents, no driving violations, New York state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with vehicle safety, continuous coverage, good student, anti-theft, paperless filing, and passive restraint discounts applied. In this example, theamount saved on auto insurance for teenage females is 28% or $554.
The importance of comparing Buffalo car insurance rates
New York auto insurance rates are impacted by many things that may substantially change the price you pay. Improving your credit rating, increasing deductibles, or getting a couple of tickets may generate price changes resulting in some rates now being cheaper than competitors.
In addition, insurers change the rates they charge in New York as needed in order to protect their financial rating. Higher than normal claim frequency or severity may cause rate hikes, while a lower level of claims may produce lower-cost Buffalo car insurance rates.
The data below analyzes the cheapest car insurance in Buffalo, NY for a 30-year-old male driver with no accidents, a clean driving record, and a good credit rating. If we estimate prices based on his current situation, USAA might quote the best car insurance rates in Buffalo at $1,896 a year. This is $179 less than the average premium paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers are the remainder of the cheapest Buffalo, NY auto insurance companies.
Now we will pretend the driver in the first example a claim surcharge, bad credit, and a speeding ticket. Because each company has their own formula to determine rates, comparing rates may now present a completely different list of affordable companies as shown below.
MetLife now has the cheapest insurance rate in Buffalo with Amica, Preferred Mutual, Erie, and USAA now rounding out the top five. This example proves why it is crucial to do a thorough rate comparison to get the most economical insurance quotes for teenage females.
Auto insurance prices are influenced by many factors and change substantially, so the best price when you last compared rates may now be wasting a lot of money.
The professional agents shown below can help you determine which car insurance policy is best, as many people would rather have the advice of a professional agent when shopping around for cheaper insurance for teen girls. It can be time-consuming to find the cheapest car insurance policy, so insurance agents can give you peace of mind knowing your policy gives you adequate protection in case of an accident or claim. To locate an agency closest to you, click the link at the bottom.
- The Cesar Group Inc
354 Cayuga Rd – Buffalo, NY 14225 – (716) 626-0066 - Linda’s Able Agency
2564 Bailey Ave – Buffalo, NY 14215 – (716) 896-3366 - George Ihle III – State Farm Insurance Agent
7718 Buffalo Ave – Niagara Falls, NY 14304 – (716) 283-9100 - Cielinski Richard Insurance Agency
2916 William St – Buffalo, NY 14227 – (716) 892-5154 - Niagara Montauk Insurance
1547 Hertel Ave – Buffalo, NY 14216 – (716) 800-4282