STATEN ISLAND, N.Y.– Insuring your automobile is pricey, particularly in case you’re in New York.
Whereas charges proceed to climb, a recent study from MarketWatch, a monetary data web site, compiled the most affordable automobile insurance coverage charges in New York.
Insurance coverage charges within the state are costly partially as a result of New York has a excessive price for the minimal protection allowed by legislation.
The Marketwatch research acknowledged that New York’s minimal prices virtually 30% greater than the nationwide common for bare-bones automobile insurance coverage protection. The common price of car protection within the state is slightly below $2,100, or about $174 a month, in line with analysis.
The most affordable automobile insurance coverage charges in New York are at the moment being provided by Progressive, New York Central Mutual, Geico, USAA and Erie, in line with information.
The research acknowledged that the most affordable insurance coverage in New York depends upon the kind of protection.
Progressive provides the most affordable charges for full protection, at a price of $1,302 a yr for a 35-year-old single driver with no accident historical past, in line with the analysis.
In the meantime, the research acknowledged that New York Central Mutual has the bottom value for minimal protection, $513 a yr, for a similar driver.
Moreover, Progressive provides the bottom charges throughout a number of totally different classes that have been included within the research.
For many younger drivers, seniors and drivers with current rushing tickets, accidents, or DUIs, Progressive provides the bottom common month-to-month premium on full protection insurance policies, in line with the analysis.
The one outlier is Geico, the research acknowledged, which has the bottom common premium for drivers with adverse credit and 17-year-old drivers.
