Cheap Car Insurance in Albany, NY

Are you desperate for cheap auto insurance in Albany, NY? Don’t worry – AutoInsuranceEZ.com has you covered. We can provide you with free car insurance quotes from the best insurance providers in your zip code. The process is quick and easy, and we’ll be happy to help you through it.

Contrary to popular belief, New York City is not actually the capital of the state. That title, of course, goes to Albany. The city is located over a hundred and fifty miles north of the state’s most populous city and has a very rich history of its own. It is especially well known for its architecture, its culture, and a plethora of high-quality higher education institutions to choose from.

  • Fun fact: Rosie the Riveter, eat your heart out; Albany is number 18 on the list of top 100 cities with the largest population of females in the firefighting industry. learn more about Albany here.

Auto Insurance Coverage Requirements in State

Driving legally in Albany requires:

Coverage Requirements Most Common
Bodily Injury Liability 25,000/50,000 100,000/300,000
Property Damage Liability 10,000 50,000
Uninsured Motorist Bodily Injury 25,000/50,000 10,000/20,000
Medical Payments Not required 100,000
Collision Not required 500 deductible
Comprehensive Not required 500 deductible

When you’re purchasing an insurance policy, you can choose between various levels of coverage. Liability is the smallest amount and also the least expensive, but you could be left with thousands of dollars in out-of-pocket costs if you get into a serious accident. You have to weigh the pros and cons of spending more money on more coverage versus the unfortunate reality of not having enough insurance to pay for a serious accident.

Guess what, Albany drivers? You can start paying less than $57 a month* for your car insurance premiums in a matter of days. This can mean huge savings for you, seeing as how the state average in New York is $201 a month. We can help you get started finding a cheaper quote today.

Average Monthly Auto Insurance Premiums Legend: Albany Hanover Nationwide Preferred Mutual State Farm Allstate 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 $66 $152 $99 $94 $75

 
Right now in Albany, it seems as though Hanover and Allstate are doing their best to offer drivers the most affordable rates. But they are by no means the only insurance companies offering automotive insurance in the state capitol right now. Comparing rates between them is the most efficient way to make sure you’re getting the lowest affordable price from a quality company offering quality customer service.

There are almost too many variables to count when it comes to calculating an appropriate monthly premium for New York auto insurance policies. There are the important ones, like where you live and whether or not you own a home. Then there are some not so important factors which can still have a moderate influence on how much you pay. It’s important to discuss them so that you know what you can and cannot do to alter your rate in your favor.

Major Car Insurance Factors in Albany

It may seem difficult, but there are some steps you can take in order to make sure you’re not paying more than you have to for your car insurance. We will discuss those options and more below so that you have a better idea of how to save money on your monthly insurance premiums.

Your Zip Code

Did you know that the five little digits of your zip code can make a big impact and how much you pay for your premiums? It may not seem like that big of a deal, but it actually is to your insurance company. Statistics like the annual household income, which is $42,302 for Albany, and living in a high population city like Albany – which currently has around 98,106 residents – could bump up your premiums a significant amount.

Auto Insurance by Zip Code Legend: Albany Buffalo New York State Farm Nationwide Preferred Mutual 20 40 60 80 100 120 140 160 180 200 220 240 260 280 $94 $136 $186 $152 $134 $281 $99 $70 $135

Automotive Accidents

Nobody plans on getting into an accident; that’s a big reason why people call them accidents to begin with. It helps your insurance company to know what accident statistics are like in your area so that they know how likely you are to file a claim. The more likely you are, the more likely they will charge you a higher premium. Considering the population density, however, accident statistics are delightfully low for the city of Albany.

Fatal Accidents in Albany, NY Legend: Albany Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 1 2 3 4 5 6 4 6 1 4 6 1

Auto Thefts in Albany

Auto theft statistics are another area that works in your favor in Albany. There were only 112 auto thefts recorded as recently as 2016. The less likely you are to be a victim of auto theft, the better your monthly premium will be. Just keep in mind that certain vehicles are more vulnerable to auto theft than others. Installing a passive car alarm on your vehicle may help net you a discount.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Hanover Nationwide Preferred Mutual 25 50 75 100 125 150 175 200 225 250 275 300 325 350 $66 $129 $152 $359 $99 $195

Your Credit Score

Insurance companies will take a look at your credit score in order to take a more educated guess at how financially reliable you will be. Obviously, the better your credit score, the less afraid your insurance provider will be that you might stop paying your premiums or paying several of them late. Since this helps their bottom line, they often reward high credit customers with lower rates.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit Hanover Nationwide Preferred Mutual 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 $66 $175 $152 $145 $99 $135

Your Age

Practice makes perfect, and this is especially true for driving. Which is why younger drivers are charged sometimes hundreds of dollars more for their monthly premium than drivers who are only 5 or 10 years older than they are. Younger drivers have some of the highest accident statistics around – which means more frequent and more expensive claims for your insurance company to settle. And they pass many of these costs onto younger drivers in the form of exceptionally higher premiums.

Auto Policy Age Comparison Legend: 17 Year Old Driver 35 Year Old Driver Hanover Nationwide Preferred Mutual 30 60 90 120 150 180 210 240 270 300 330 360 $202 $66 $377 $152 $239 $99

Your Driving Record

Do you have a clean driving record? Well then say hello to some very deep car insurance discounts! On the other hand, speeding tickets or previous accident claims can make your insurance provider a little nervous. They will most likely raise your premiums in order to offset potential risks of future claims filed.

Driving Violations Legend: Perfect Record Minor Violation Major Violation Hanover Nationwide Preferred Mutual 20 40 60 80 100 120 140 160 180 200 220 240 260 $66 $99 $134 $152 $216 $266 $99 $119 $188

Your Vehicle

An insurance provider is not going to charge the same monthly premium for a reasonably priced, fuel-efficient compact car as they would an oversized, gas-guzzling SUV or pickup truck. Your insurance company will calculate the likelihood that you are particular vehicle would get into an accident as well as how much it would cost to fix the most common types of damage. All of this gets calculated in your final premium total.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette Hanover Nationwide Preferred Mutual 25 50 75 100 125 150 175 200 225 250 275 300 $66 $136 $152 $304 $99 $235

Minor Car Insurance Factors in Albany

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

We wouldn’t recommend getting married just to save money on car insurance – but if you are already married or you are planning on getting married soon, lower auto insurance rates are just one of the many perks of married life. This is especially true if you bundle your auto insurance policies together for a bundling discount.

Your Gender

Do insurance companies really take gender into account anymore when deciding your premiums? Well, that depends on the company. If they do, you can see up to 2% to 3% difference in your premiums. Most of the time, insurance companies will give a higher rate to male drivers because they tend to be more aggressive and less considerate of other motorists on the road. But this isn’t always the case.

Your Driving Distance to Work

Commute times aren’t actually that bad for a city as large as Albany. Most drivers will only spend about 15 to 20 minutes getting to work. Furthermore, there are a substantial number of people who carpool, walk, or take the bus to work. Only about 74% of drivers commute alone in their own vehicle.

If you have a shorter commute to work, then you’re probably driving fewer miles than the average motorist. And that is great for lowering your insurance costs. The less time you spend on the road, the less likely you are to get into an accident. Some insurance companies even give you the option of tracking your mileage with a device and will offer you 15% or more off your premiums if you record a low enough mileage rate.

Your Coverage and Deductibles

Picking the right deductible is a delicate balancing act. Obviously, high deductibles will save you the most amount of money off your premiums. But low deductibles are good so that it’s easier for you to get back on the road after a serious accident – even if they do cost you more money in the short-term. It’s good to sit down and get the advice of your insurance agent so that you can make a more well-informed decision about how high or low you want your deductible to be.

Education in Albany, NY

Albany is a highly educated city. Compared to other places, 22% of the adult population has successfully obtained a high school diploma, whereas 18% have that along with a bachelor’s degree. They also have a higher number of Masters Degree holders than the state average.

SUNY at Albany is by far the largest institution of Higher Learning in the city. It averages over 15,000 full-time students per semester, it’s a public university, and it offers bachelor’s, Masters, and doctorate’s degrees. There are also private institutions like Excelsior College with a modest enrollment of 4,700 students at any given time. You can get a bachelor’s or master’s degree from there. Furthermore, there are over a dozen more choices offering degrees starting with Associates level and higher.

If you’re unhappy with your insurance company or the premiums your paying, then act now. You shouldn’t let yourself stay trapped in a toxic relationship with your car insurance company. With our help, you can compare rates quickly and easily in order to find the best to deal near you. Our average client saves at least 57% by comparing prices with us and switching insurance companies. Will you be next? Enter your zip code to find out!

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

New York Department of Financial Services

New York Department of Financial Services – Insurance

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov