29 March, 2021
Written by The Barnes Firm, reviewed by Richard Barnes
Rich Barnes
President
Although many people in the city take public transportation, there’s still a large percentage of the state’s population that relies on personal vehicles to get them around.
For those people, car insurance is one of their biggest expenses.
Across the state of New York, it’s no secret that car insurance is expensive. According to statistics, the average cost of car insurance in New York is 11% higher than the rest of the country – making it the most expensive state for car insurance in the U.S. A teenage driver in New York pays an estimated premium of $5,370 per year. The average adult driver pays approximately $1,200 per year. Typically drivers in upstate New York pay more for car insurance than drivers in downstate New York.
Although the price of car insurance is high across the state of New York, the cost of each person’s individual policy is different. There are a number of different factors that determine car insurance rates. The first factor is state insurance rates. Some of the most common determinants for state insurance rates are:
There are also individual factors that play a leading role in the cost of personal car insurance policies. Personal factors that affect insurance rates include:
Individuals who have a history of tickets or accidents while driving pay more for car insurance. Some of the most common traffic violations that cause an increase in insurance rates include:
To determine personal car insurance rates, however, residents of New York must contact their local insurance agent or company. Many companies offer discounts for good driving records, multiple vehicles, or car insurance purchased in conjunction with other policies such as homeowner’s insurance.
Every driver in New York must carry at least the minimum requirements. Minimum insurance requirements help to ensure that every driver on the road is covered in the case of an accident. In addition, minimum insurance laws help to reduce the number of lawsuits associated with car accidents in the state of New York. The minimum requirements for individual policies are as follows:
Car insurance is designed to assist with the costs of an accident and protect the insured’s assets in case of a lawsuit. Therefore, for many drivers, the minimum insurance requirements are not enough. Drivers who own their home, other properties, or have sizable cash assets should increase their insurance coverage accordingly. Furthermore, drivers can add coverage for their own medical payments, something that is not covered under a basic state limit insurance policy. When obtaining quotes for insurance, it is important for drivers to discuss their assets with their insurance agent to ensure they purchase enough coverage.
Across the board, car insurance rates in the state of New York are relatively the same. Drivers looking for relief from the high prices, however, can shop multiple insurance companies to find the best available price. According to research, the companies that offer the best rates for New York drivers are State Farm, Progressive, Geico, The General, and Nationwide. In addition to shopping around, drivers can also customize their coverage to save money on premiums.
Although car insurance in New York is expensive, it’s essential to protect yourself and your assets from a lawsuit in the event of an accident. If you are in an accident, the other party can file a lawsuit against you for the pain and suffering they endure. Likewise, if you’re subject to pain and suffering as a result of someone else’s negligence, you can file a lawsuit against them.
In New York, the best New York lawyers at The Barnes Firm is here to assist you with all of your legal needs related to car accidents and personal injury. Contact them today to learn about your best legal options.
The Barnes Firm (800) 800-0000
“As President of The Barnes Firm, I have dedicated my career to achieving justice in hundreds of cases for the victims of injuries caused through the fault of others. Additionally, I have been honored to have been elected Best Lawyer and a Super Lawyer”
Years of Experience: 30+ years
The Barnes Firm is here to help you. Our personal injury firm helps individuals and their families who
have suffered an injury in an accident.
Whether your car crash was minor or serious, any injuries sustained in an accident can be painful and costly.
All motorcycle accidents are different, the compensation you receive will depend on the circumstances surrounding your accident.
A truck accident can be catastrophic, even in low-impact crashes, if you or your family are involved, you may be entitled to significant financial compensation.
There are dozens of accidents involving school buses each year, most commonly, involving children outside a school bus.
Explore Articles Related to Your Situation
What Happens In a No-Fault Car Accident? New York has a no-fault car accident law to improve t...
read moreHow Long Do You Have to Report a Car Accident in NY? There are multiple procedures you must fol...
read moreDriving while drowsy, or tired, can be as dangerous as driving under the influence of drugs or ...
read moreSummer is often associated with fun road trips, scenic drives, and warmer weather. However, as ...
read moreWe are always available to discuss your case. Give us a call at (800) 800-0000.
Fill out our form and we will contact you shortly to discuss your case
Our attorneys will come to your home, office or hospital at your convenience.
We are available anytime, including after hours and
weekends.
420 Lexington Avenue
Suite #2140
New York, NY 10170
Phone: (800) 800-0000
Fax: +1 (800) 853-5153
600 Old Country Road
Suite #425
Garden City, NY 11530
Phone: (800) 800-0000
Fax: +1 (800) 853-5153
500 Pearl Street
Suite #700
Buffalo, NY 14202
Phone: (800) 800-0000
Fax: +1 (800) 853-5153
451 Grider Street
Buffalo, NY 14215
Phone: (800) 800-0000
Fax: +1 (800) 853-5153
28 East Main Street
Suite #600
Rochester, NY 14614
Phone: (800) 800-0000
Fax: +1 (800) 853-5153
633 West 5th Street
Suite #1750
Los Angeles, CA 90071
Phone: (800) 800-0000
Fax: +1 (888) 800-7050
555 12th Street
Suite #1470
Oakland, CA 94607
Phone: (800) 800-0000
Fax: +1 (888) 800-7050
655 W. Broadway
Suite #940
San Diego, CA 92101
Phone: (800) 800-0000
Fax: +1 (888) 800-7050