Who Has Cheap Auto Insurance for Electric Cars in Buffalo?

The vehicle model to be insured is probably the largest consideration when trying to find low-cost auto insurance for electric cars. Vehicles with lower acceleration and performance, modern passenger safety features, or a low likelihood of liability claims will cost quite a bit less to insure than adrenaline junky models.

The data below presents car insurance rates for some of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in Buffalo, NY
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLT 2WD $2,113
Hyundai Elantra GLS Touring Station Wagon $2,413
Ford F-150 XLT Super Cab 4WD $2,419
Ford Focus SE 4-Dr Sedan $2,446
Toyota RAV4 2WD $2,492
Honda CR-V LX 4WD $2,587
Toyota Camry SE $2,620
Toyota Prius $2,670
Volkswagen Jetta SEL 4-Dr Sedan $2,678
Chevrolet Silverado 2500HD LT Crew Cab 4WD $2,670
Jeep Wrangler Sport 4WD 2-Dr $2,673
Chevrolet Impala LS $2,805
GMC Sierra SLT Crew Cab 4WD $2,848
Toyota Camry Hybrid $2,854
Chevrolet Silverado LTZ Extended Cab 2WD $2,861
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Table data does not factor in specific zip code location which can influence rates significantly.

Looking at the rates, we can tell that vehicles like the Ford Escape, Hyundai Elantra, Ford F-150, and Ford Focus will definitely be a few of the most budget-friendly vehicles to insure for eco-friendly vehicles.

One of the many factors that are used to help calculate the price you pay for insurance is where you choose to live in Buffalo. Cities with more crime and/or more people tend to have higher rates, whereas more rural areas tend to receive cheaper rates.

The illustration below ranks the most expensive places in New York for electric cars in which to purchase auto insurance. Buffalo is listed at #13 with a yearly premium of $1,548 for coverage, which is approximately $129 monthly.

How much is car insurance in Buffalo?
Rank City Premium Per Year
1 New York $2,735
2 Hempstead $2,301
3 Freeport $2,281
4 Levittown $2,001
5 Yonkers $1,958
6 West Babylon $1,932
7 Brentwood $1,929
8 Mount Vernon $1,919
9 Hicksville $1,843
10 Coram $1,732
11 White Plains $1,661
12 New Rochelle $1,659
13 Buffalo $1,548
14 West Seneca $1,237
15 Cheektowaga $1,203
16 Niagara Falls $1,189
17 Tonawanda $1,177
18 Syracuse $1,130
19 Troy $1,095
20 Utica $1,092
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Rates are approximated as the specific geographic location can affect premiums substantially.

Trying to find low-cost insurance is difficult, and figuring out which company has the best auto insurance rates for electric cars calls for even more rate comparisons. Every auto insurer uses slightly different criteria for establishing rates, so let’s rank the most affordable auto insurance companies in Buffalo, NY.

We do need to point out that New York auto insurance rates are impacted by many factors that may substantially change the cost of your policy. Simply getting older, having a claim, or getting a reckless driving citation can trigger changes in premium that can now make some companies more affordable than the competition.

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What’s the cheapest car insurance in New York?
Rank Company Cost Per Year
1 USAA $1,163
2 Erie $1,205
3 Utica National $1,489
4 Travelers $1,513
5 Allstate $1,541
6 Progressive $1,542
7 MetLife $1,588
8 Amica $1,628
9 Preferred Mutual $1,737
10 GEICO $1,869
11 New York Central Mutual $1,874
12 Safeco $1,888
13 State Farm $1,904
14 Central Mutual $1,948
15 Liberty Mutual $2,087
16 Hanover $2,393
17 Encompass $2,610
18 Nationwide $3,147
19 Mercury $3,965
20 21st Century $4,455
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USAA may offer some of the cheapest car insurance rates in Buffalo at around $1,163 a year. This is $912 less than the average price paid by New York drivers of $2,075. Erie, Utica National, Travelers, and Allstate would also be considered some of the most economical Buffalo, NY auto insurance companies.

As shown above, if you have coverage with Allstate and switched to Erie, you may see a yearly price reduction of around $336. Customers with Progressive might save as much as $337 a year, and MetLife customers might lower prices by up to $383 a year.

To find cheaper insurance rates for your vehicle, click here to begin a quote or click through to the companies below.

Understand that those policy rates are averages across all types of insureds and vehicles and and are not figured with a specific location for electric cars. So the auto insurance company that can offer you the best price may not even be in the list above. That affirms the importance of why you need to compare prices as often as possible using your own individual information.

What is the best auto insurance company in Buffalo?

Selecting the best insurance company is hard considering how many choices drivers have in New York. The company ratings shown below may help you select which car insurance companies you want to consider when looking for cheaper rates.

These ratings only include companies that insure vehicles nationwide, so smaller regional companies will not be included in the list. To check rates from these and other companies in New York, follow this link.

Top 10 Major Auto Insurers in Buffalo Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. USAA
  6. Travelers
  7. State Farm
  8. GEICO
  9. Allstate
  10. Farmers Insurance

Top 10 Major Auto Insurers in Buffalo Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. State Farm
  5. GEICO
  6. Nationwide
  7. Allstate
  8. The General
  9. The Hartford
  10. 21st Century

Liability rates compared to full coverage

Buying cheaper auto insurance is the goal of most vehicle owners, and one of the easiest ways to reduce the cost of insurance for electric cars is to buy only liability coverage. The information below compares insurance premiums with liability coverage only compared to full coverage. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

If we average the cost for all age groups, physical damage insurance costs $1,118 per year more than just buying liability insurance. That is a big expense that brings up the question if paying for full coverage is a waste of money. There isn’t a steadfast formula of when to phase out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after the policy deductible has been paid. If premiums are more than $700 a year for full coverage, then you may need to consider dropping full coverage.

Last year’s bargain might be this year’s rip off

Buffalo auto insurance rates are determined by lots of factors which can significantly increase or decrease the policy price. Simply getting older, adding a teenager to your policy, or getting a ticket for running a stop sign can produce rate changes resulting in some companies being more affordable than others. In addition to those changes, auto insurance companies file new rates as often as every three months to adjust for heavy claims or excess profits. An unexpected high level of claims can cause rate increases, while a lower level of claims may produce more affordable Buffalo car insurance rates.

To illustrate this point, the chart below shows which companies have the cheapest car insurance in Buffalo, NY for a 30-year-old male driver with no accidents, a clean driving record, and a decent credit rating. If we look at prices based on his personal profile, USAA offers the most affordable car insurance rates in Buffalo at $1,917 annually. This is $158 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 give the driver from the first rate comparison an at-fault accident, poor credit, and a speeding ticket. Because each insurer has a unique approach for setting prices, getting updated rate quotes could result in a different ranking of the cheapest companies as shown below.

Amica now has the cheapest auto insurance in Buffalo with MetLife, Preferred Mutual, Erie, and USAA also having competitive pricing. This example illustrates why consumers need to take the time to compare many different companies to get the most economical auto insurance quotes for electric cars. Insurance rates are made up of many risk factors and can increase or decrease at any time, so the most affordable company six months ago may now be wasting a lot of money.

How to find cheaper auto insurance for electric cars

Below you’ll find some of the recommended money-saving ideas that can help you quote cheap auto insurance.

The last item on the list is especially vital, as was emphasized in this piece. Car insurance rates can change in a short period of time, so drivers shouldn’t hesitate to buy from a new company if a better rate can be found.

We understand brand loyalty, but we do not recommend it if it’s costing you a fortune every year. Take a few minutes and compare prices to find cheaper insurance for electric cars in Buffalo.

The auto insurance agents in Buffalo shown below are a good start to provide answers to your questions and help you determine which coverage fits your budget, as many people would rather have some advice when trying to find lower insurance rates for electric cars. It can be difficult to find the best policy yourself, and a professional agent can add satisfaction knowing you have adequate coverage if you have an accident or claim.

To locate a Buffalo auto insurance agent in your neighborhood, click the button at the bottom of the list.

Farmers Insurance – Toni Du Bois
2460 Main StBuffalo, NY 14214(716) 931-5200

Gallego Agency
572 Amherst StBuffalo, NY 14207(716) 854-2800

The Decker Agency, Inc.
37 Elmwood AveBuffalo, NY 14201(716) 883-1455

Jacob Hauck Agency Inc
801 Main StBuffalo, NY 14203(716) 853-3820

Able Insurance Agency
1798 Main StBuffalo, NY 14208(716) 883-5212

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