Lower New York Auto Insurance Rate -- Straightforward But Proven Tips

1. Make sure your New York vehicle insurance policy is never allowed to lapse no matter what.. It will make you pay high premiums for a long time. It's easy for this to happen to some people when they are switching to another insurer.

To avoid this, wait until the new policy is fully in in force before you terminate the old. Many people are paying more than they should simply because they made this mistake. Therefore, make sure you don't become one of them.

2. You'll get lower rates if you elect to pay your premiums yearly and not monthly. True, monthly payments might be less stressful but they are also much more expensive.

If you do transactions with banks you will agree with me that each check you process is regarded as transaction which attracts a certain charge. While annual payment requires a single check and therefore a transaction per year, monthly payments attrract twelve. You'll then have to pay the total of 12 transaction fees..

Apart from this there are also administrative costs that are incurred due to the monthly payment option. For instance, it costs some money to send payment notices monthly.

These costs plus a profit margin for this this "value-added service" is included in your premium making it more than a comparable profile that pays annually every year.

3. Electronic Funds Transfer (abbreviated as EFT) is a painless way to lower your NY vehicle insurance rate. it authorizes your bank to credit your insurer with your payments without any intervention from you until you stipulate otherwise. This saves the insurance company in many ways including removing the cost of mailing payment notices and the cost of processing checks. This is why this results in more affordable rates.

4. You will save much if you only have between 25-30 minutes. Visit, get and compare New York auto insurance quotes from selected insurance quotes sites. The cheapest offer should be what you pick easily.

But, you have to go beyond just the cheapest quote to the best price/value. The cheapest may not be the best price/value for you as an individual.

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