Affordable New York Auto Insurance Rate -- Straightforward But Sure-Fire Steps

1. Do your best to always make sure your NY auto insurance does NOT lapse. You'll pay more expensive rates for a considerable length of time if this happens to you albeit mistakenly. This happens to many individuals while they are switching to another insurance company.

A simple way to be certain you do NOT make this costly mistake is to let your old policy keep running until you're sure the new one is in full force. Many individuals are paying more than they should simply because of this mistake. Therefore, make sure you don't become one of them.

2. Paying your premium annually will attract cheaper rates than opting for monthly payments. You might be sold thatThe ads may show that paying monthly is easy but what you're not told is how much extra you pay for it..

If you do transactions with banks you'll agree with me that each check you process is regarded as transaction which attracts charges. All through a year, your monthly checks would be processed separately because they are all different transactions. This implies that transaction charges would be twelve times more for people who make monthly payments.

There are also administrative costs to your insurer that result just from taking monthly payments. For example, it costs insurance companies millions of dollars yearly to mail payment notices..

All such costs to an insurance provider is eventually borne by you (that's apart from their own profit margin for providing such a "stressless" option).

3. A simple but smart way of reducing your New York automobile insurance premium is by authorizing an EFT (Electronic Funds Transfer). This authorizes your insurance carrier to automatically withdraw your payments from your account at specified intervals. This removes administrative costs like those involved in mailing payment notices. Your premium is therefore lowered in line with the lower cost of providing insurance to you.

4. You can realize savings of hundreds of dollars on your auto insurance policy by getting insurance quotes from quote sites. The best method is to visit at least five sites and ensuring that you provide the same (correct) information about yourself.

I advise that you use not less than five quotes sites since that will make it less likely that you'll miss out better quotes not presented by the other sites. This provides you a broader basis for doing better comparisons thereby increasing your chances of better quotes.

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