Who Has Cheap Car Insurance Quotes for Retired Military in Buffalo?

Deciphering which companies have the best car insurance rates for retired military calls for more time in order to find coverage that fits your budget. Every car insurance company has a proprietary method for setting rates, so to begin we’ll rank the overall cheapest car insurance companies in Buffalo.

It’s a good idea to know that Buffalo, NY car insurance rates are impacted by many things which can substantially change the cost of a policy. Simply having a birthday, increasing liability limits, or having an at-fault accident may generate price changes that can cause some rates to be cheaper than competitors.

Cheapest Insurance Rates for Vets

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Who has the cheapest car insurance in New York?
Rank Company Cost Per Year
1 USAA $1,199
2 Erie $1,205
3 Progressive $1,496
4 Travelers $1,513
5 Utica National $1,534
6 Allstate $1,556
7 MetLife $1,572
8 Amica $1,580
9 Preferred Mutual $1,703
10 Safeco $1,888
11 New York Central Mutual $1,892
12 State Farm $1,924
13 GEICO $1,926
14 Central Mutual $2,028
15 Liberty Mutual $2,087
16 Hanover $2,299
17 Encompass $2,610
18 Nationwide $3,178
19 Mercury $3,926
20 21st Century $4,455
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USAA generally has some of the best car insurance rates in Buffalo at around $1,199 per year. Erie, Progressive, Travelers, and Utica National also rank well as some of the best Buffalo, NY insurance companies.

In this example, if you are insured with Progressive and switched to USAA, you might realize a yearly savings of approximately $297. Insureds with Travelers may save as much as $314 a year, and Utica National customers might lower prices by up to $335 a year.

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

Be aware that those premium estimates are averages for all insureds and vehicles and and are not figured with an exact zip code location for retired military. So the company that is most affordable for your situation may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get rate quotes using your own driver data and vehicle information.

One of the more important factors that are used to help calculate the price you pay for insurance is where you normally keep your vehicle in Buffalo. Areas with more people or higher crime rates will most likely pay more, whereas areas that tend to be more rural have the luxury of lower rates.

The information below shows the highest-priced areas in New York for retired military to buy auto insurance in. Buffalo ranks #13 with the annual price of $1,488 for the average policy, which is about $124 monthly.

How much does auto insurance cost in Buffalo?
Rank City Premium Per Year
1 New York $2,654
2 Freeport $2,235
3 Hempstead $2,211
4 Levittown $1,981
5 Mount Vernon $1,978
6 West Babylon $1,932
7 Yonkers $1,920
8 Brentwood $1,872
9 Hicksville $1,843
10 Coram $1,784
11 New Rochelle $1,676
12 White Plains $1,629
13 Buffalo $1,488
14 Cheektowaga $1,253
15 West Seneca $1,225
16 Niagara Falls $1,201
17 Tonawanda $1,201
18 Utica $1,125
19 Syracuse $1,097
20 Schenectady $1,062
21 Albany $1,056
22 Troy $1,053
23 Rochester $1,036
24 Irondequoit $1,021
25 Binghamton $922
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Annual rates are approximated as specific Buffalo garaging address can increase or decrease coverage prices greatly.

The type of vehicle requiring insurance is one of the largest considerations when quoting the most economical car insurance for retired military. Vehicles with reasonable performance levels, advanced safety features, or low incidents of liability claims will cost substantially less to insure than higher performance models.

The information below shows insurance rates for a handful of the most budget-friendly automobiles to buy coverage for.

Cheapest Vehicles to Insure in Buffalo, NY
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $2,069
Toyota Prius $2,237
Ford F-150 STX Regular Cab 4WD $2,269
Chevrolet Silverado LS Extended Cab 4WD $2,392
Honda Accord EX 4-Dr Sedan $2,479
Toyota Tacoma X-Runner 2WD $2,518
Chevrolet Equinox LTZ AWD $2,563
Ford Escape Limited 4WD $2,695
Toyota Camry Hybrid $2,734
Toyota RAV4 Limited 2WD $2,747
Dodge Ram 3500 Crew Cab Laramie 2WD $2,779
Dodge Grand Caravan SXT $2,798
Honda Civic EX 4-Dr Sedan $2,837
Ford Edge SEL AWD $2,879
Toyota Corolla XLE $2,889
Hyundai Elantra GLS 4-Dr Sedan $2,899
Ford Fusion SE 4-Dr Sedan $2,940
GMC Sierra SL Crew Cab 2WD $2,946
Volkswagen Jetta SE 4-Dr Sedan $2,940
Chevrolet Malibu LTZ $2,948
Kia Optima LX $2,944
Ford Explorer Limited 4WD $2,995
Chevrolet Silverado 3500HD LT Crew Cab 4WD $3,070
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Above prices assume 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-policy, homeowner, and multi-vehicle. Price estimates do not factor in your specific Buffalo, NY location which can influence auto insurance rates greatly.

Based upon the rates shown, we can tell that cars like the Honda CR-V, Toyota Prius, Ford F-150, and Chevrolet Silverado should be some of the cheaper vehicles to insure for veterans.

Rate difference between full and liability-only coverage

Finding the cheapest car insurance is important to the majority of drivers, and one of the easiest ways to lower the cost of insurance for retired military is to not pay for full coverage. The chart below illustrates the comparison of insurance premiums with full coverage and liability only. The premiums assume no claims or driving citations, $500 deductibles, single status, and no discounts are applied.

If we average all the age groups together, comp and collision coverage costs $1,671 per year more than carrying just liability coverage. Many people question if you should buy full coverage. There is no clear-cut formula of when to phase out physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

There are some circumstances where buying only liability insurance is not recommended. If you haven’t paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Picking the right auto insurance company can be challenging considering how many different companies insure vehicles in Buffalo. The company information displayed below could help you select which coverage providers you want to consider putting your business with.

These rankings only include large, nationwide insurance companies, so smaller companies that only insure vehicles in New York are not factored into these rankings. To get price quotes from these and other competitive companies, click here.

Top 10 Major Auto Insurance Providers in Buffalo Ranked by Value

  1. The General
  2. Erie Insurance
  3. The Hartford
  4. Mercury Insurance
  5. Farmers Insurance
  6. 21st Century
  7. Safeco Insurance
  8. AAA Insurance
  9. State Farm
  10. Travelers

Top 10 Major Auto Insurance Providers 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

The diagram below shows how choosing a deductible can impact annual premium costs when quoting cheap insurance for retired military. Data assumes a single male driver, full coverage, and no policy discounts are applied.

A 50-year-old driver could pocket $218 a year by switching from a $100 deductible to a $500 deductible, or save $328 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could drop their prices up to $714 every year by choosing a higher deductible. If you do decide to increase your deductibles, it is important to have additional funds in a savings account to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.