New York city has the highest auto insurance rates in the US

According to a study released by an online auto insurance quote provider, New York City is the most expensive city in the whole of US, to buy auto insurance.

The Tri-State members New Jersey, New York, and Connecticut have the highest auto insurance premiums throughout the country. There are a number of factors that have contributed to these high auto insurance rates such as, poor traffic conditions, high crime rates, as well as high population density. New Jersey has continuously been ranked number one for 3 years in a row. But New York as well as Connecticut has also ranked among the top five expensive states to purchase auto insurance.

These high auto insurance rates are mostly concentrated around the city metropolitan area in New York. But the auto insurance rates in rural Connecticut and downtown Brooklyn are really staggering if you have to say the least, stated James Shaffer from Online Auto Insurance quote. But the auto insurance rates in New York have always been ranked as the highest in the country, while the rural areas offer rates that are relatively inexpensive. For instance, the average driver in North Dakota pays just $554 on auto insurance annually. But the state average for auto insurance in New Jersey is $1,184.

So, the simple solution to save on auto insurance costs according to Mr. Shaffer is to move out of New York City area. He states that instead of spending that amount on auto insurance it would be better to just live outside this area and take public transportation instead. This carries a lot of weight especially if it is coming from someone who has been a life-long insurance agent.

However, it is not exactly a hopeless situation for the residents of New York. The online auto insurance quote website offers a number of ways where one can save on auto insurance premiums. The first step is to ensure that you keep a high credit score, maintain a clean driving record, and drive a safe automobile. Another way to cut costs is by combining the insurance policies with the rest of the household members as well.
There is a lot of data that has been compiled by the website and it includes some of the findings from information that is made publicly available by IIS or Insurance Information Institute as well. There are plenty of tips available on these websites and consumers can use them to purchase affordable auto insurance.

Richard Burton
Published: Tuesday, July 26th, 2011

Most Expensive Place to buy Automobile Insurance in the US is New York!

As per recent studies conducted by online auto insurance quote it has been found that the New York City Metropolitan area’s auto insurance rates are the highest in the US.
According to the study New York is the most expensive state to purchase auto insurance in 2011. The Tri-State members that are New York, Connecticut, and New Jersey have the highest average insurance cost throughout the nation. There are a number of contributing factors such as high crime rates, high population density, as well as poor traffic conditions. These have caused the auto insurance rates to shoot up. New Jersey has ranked No. 1 in the US for the 3^rd consecutive year. Connecticut and New York have are also ranked among the top five expensive states to purchase auto insurance.
The high insurance rates seem to be concentrated more around the New York metropolitan area. Auto insurance quote owner James Shaffer has stated that the difference in auto insurance rates in rural Connecticut and Brooklyn are staggering. The insurance rates in New York have always been high, while it is relatively inexpensive in rural areas. For instance, in North Dakota, the average motorist has to pay only $554 per annum to purchase auto insurance but for New Jersey the state average is $1,184 per annum.

Shaffer also added that if people look to save costs on auto insurance they should probably not live in New York City area. He feels it would be cheaper to take the public transportation. He has been an insurance agent all along and it does mean a lot if it is coming from him.

But all is not lost and there are ways and means that residents of New York can make a saving by visiting the company’s website. Here visitors will know some of the best ways to cut down their auto insurance costs even if they live in areas that have exorbitant insurance rates.

Some of the ways to cut the costs are by maintaining a high credit score, good driving record, driving a safe vehicle, and bundling up insurance policies along with the other members of the household.  Some of the other studies that have been done recently include the ‘ten best insurance companies,’ ‘most and least expensive cars to insure’ and the ‘ten most stolen automobiles.’  In this technology-driven age, everything is available at your fingertips including how-to guides, tools, and tips that can help consumers find cheaper auto insurance with the help of these websites.

By Richard Burton
Published: Friday, July 8th, 2011

Rise in auto insurance rates inevitable due to auto insurance fraud!

The next time you open your mailbox and see a hike in your auto insurance bill, you must ensure that you don’t get upset with the insurance agent or your insurer. You must instead target all your anger on those who are responsible for this state of affairs – the auto insurance fraudsters.

These are the people who have ruined the entire system and created this mess state the local officials. In the State of New York, the average auto insurance rates are the fourth highest and this is due to auto insurance fraud. This bit of information has come from the elected
representatives as well as law enforcement agencies.

Auto accidents are staged by con artists and there is an entire network that operates in this scam. This includes unscrupulous doctors who file false claims for medical treatments and they make it look like the persons have suffered serious injuries. They collect the insurance claims by doing all of this, state officials. There are a number of auto insurance fraud cases in the State of New York every year and this costs insurers millions of dollars each year. Hence, the insurance companies have no choice but to pass on these costs to the customers. During 2010, insurance fraud had cost the residents over $204 million, as per reports from Fraud Costs NY, which is a collation of business and civic groups from the state.

"The situation is even worse for motorists in Brooklyn," stated Sen. Marty Golden.

He claimed that the motorists in his district paid over 185% over the state average for auto insurance cover.
Insurance companies are shelling out millions of dollars each year to settle these fraudulent claims as they don’t have sufficient time on hand to investigate each case and bring the fraudsters to book, stated Golden.
He went on to add that there is one company that has already left New Jersey and is now threatening to get out of New York as well. If that happens, New Yorkers will be short of one company, which means that consumers will have lesser choices and this will in turn drive up the auto insurance rates.

The no-fault auto insurance cover is being blamed for this fiasco. This is a faulty system and criminals have been using the loopholes in this system to get past the no-fault laws at the expense of the motorists in New York, stated Golden. Now Golden has introduced the legislation and hopes that it will help in addressing the problem.
By Richard Burton
Published: Wednesday, June 29th, 2011

Understanding auto insurance for teen drivers better

Teenagers are always known to be high spirited and excited when they get their very first car. Due to this reason, many companies are wary about providing insurance to teens for their cars and will give them the coverage at very high rates. This is not to say that all the companies out there will do the same. If you are looking at auto insurance for teens, you can look at multiple options that are there before making a decision to pick a provider for your needs. There are also many methods by which you can look at saving some money on the insurance premium payments if you plan things well.

It is always wise to get some extra advice. This is easier than ever with so many different websites offering opinions and expert tips to get a better deal on insurance. Spend a little time understanding the variables you will be judged on by an underwriter so you know what to discuss and what to ask for with an insurance provider. You just might find that there are indeed cheaper options available which will not put an overly large dent in your pockets. There will be a lot of websites offering support round the clock to insurance providers to allow them to acquire the best possible deal.

Price is a big factor for most teens looking for auto insurance. This is not the reason to compromise on proper coverage as there are risks involved with you being an inexperienced young driver. Youngsters in the age group of 16 to 18 are often caught with traffic violations and car accidents making it quite important to ensure that they are provided with a proper guidance and course to make them eligible for their permits to drive. The record you have and any violations in your name will make it that much harder for you to get a cheaper insurance quote.

Did you know that good grades can count in more ways than one? This is especially true of the insurance companies as they often consider whether a candidate can be a good investment. Companies don’t offer all out excellent discounts based on grades alone but a student with good grades looks to be a more stable and reliable candidate to bank on than one who has been a drop out or performed poorly at school. If you have a luxury car or a really racy model, you can pretty much gear yourself to pay extra. Fast cars and a young driver are the ultimate formula for accidents in the eyes of insurance agents and providers.

Call your local Insurance Agent for more details!
By Jasper Ericks

Are you Protected? Regarding Automobile Insurance &/or Homeowners Policies

Is your Insurance Agent working for you?
 
1. Are you getting the best bang for your buck?
2. Are you properly covered/protected?
3. Do you understand your insurance policy that you purchased? The limits, the meanings of the limits?
4. Do you know if you have the proper coverage to be protected?

These are all legitimate questions that you should be asking your local "Insurance Agent"!
You should be making an appointment to go over your insurance policies on a yearly basis!

Pull out your insurance policies and take a look at your coverage! Do you have NY State minimum coverage? Enough coverage? What is your liability limits?

Don't wait until it is too late to know if you are protected!