- 7 Ways To Save on Your New York Auto Insurance in 2010


	Title: 7 Ways To Save on Your New York Auto Insurance in 2010
	Date Added: January 12, 2010 03:29:21 PM
	Author: Mike Murphy
	Category: Insurance : Car Insurance
	7 Ways To Save on Your New York Auto Insurance in 2010Consult with your agent. Many companies have changed the way policy rates are determined. In the last few years, many insurance companies introduced a credit scoring formula into the mix. Prior insurance history, claims, moving violations, coverage limits and credit history now carry the most weight when obtaining an insurance rate. If you have had the same company for over 5 years or more, it is quite possible you may not be benefitting from your excellent credit history. It is probably a good time to shop around. Other ways to cut your rates: Are you getting all the discounts you are entitled to? If a life event has changed your family dynamic, it could impact your insurance costs. Many insurance carriers offer a discounted tier, when a rated, younger driver goes off to college without a vehicle. Simple documentation from SUNY Albany, Siena College, Cornell, Binghamton, Marist or Buffalo might reduce your New York auto insurance rates. Unfortunately, you’re still stuck paying the college tuition. Increase your collision and comprehensive (fire & theft) deductibles to $ 1000. A higher deductible reduces your premium. It’s an option you should consider.Drop collision and/or comprehensive from older vehicles. To determine the trade offs, go to www.kbb.com (Kelley Blue Book) to figure out your vehicles value and what you risk by removing these coverages from your policy. Then call your agent and request your annual savings, should you decide to remove these coverages.Take an accident prevention / defensive driver course, especially important for fulltime, youthful operators. It just got a whole lot easier to take the class! You can do it from your home or your workplace. The New York State Department of Motor Vehicles has recently approved an online version of the course. Here is the link to approved vendors: http://www.nydmv.state.ny.us/pirp.htm On a NY auto insurance policy, you could save 10% on most coverages. Get that completion certificate to your agent. The discount last for 3 years!Consult an agent with more than 1 company. Many of the “Big Box” insurance companies only have the ability to offer a single company product. They spend tons of money advertising but only offer you 1 option! Go to an independent agent, not committed to one company and you get a multiple choice of company comparisons. It’s nice to have more than one item on the menu!Consider insuring your home and auto with the same company. Most carriers offer a loyalty or multiple policy discount. Several companies offer a “packaged policy” (auto, home & umbrella) at an additional reduced savings. The reduction could be an extra 15-25%!The New York car insurance market is very competitive right now. Many companies no longer offer NY homeowner insurance because of detailed hurricane risk models. Downstate, New York insurance customers have had to scramble to find an agent to coverage their NY homeowner insurance. Shop around with an agency offering a multiple choice of company comparisons. Finally, withdraw a vehicle from use when child is away at school. You could save half a year’s premium! Inquire about low mileage discounts. Some companies will offer a reduction if a car is driven under 7000 miles a year.For More information, please feel free to contact me (Michael Murphy) through my website: http://www.NYCarInsurancePrices.comCALL TO ACTION: Please print or forward this article as a reminder. You need to start cutting your New York insurance rates today!!