Buying car insurance in Brooklyn can be expensive, but with the right information and strategies, you can control your expenses.
In this blog, we’ll walk you through the average car insurance rates in Brooklyn, the impact it has on accidents, and the best ways to get discounts on insurance.
Plus, we’ll tell you how you can get cheap car insurance by choosing the right insurance company, choosing your policy wisely, and maintaining your credit score. Keep reading and take advantage of these great saving tips!
Understanding Car Insurance Rates in Brooklyn
Car insurance rates in Brooklyn are often higher than other cities. High rates here are mainly due to traffic, accidents and other risks, making insurance companies more premiums for their safety.
Let us now pay attention to some major aspects, which can affect your car insurance rate.
Average Brooklyn Insurance Rates by Company
Car insurance rates in Brooklyn may vary depending on various insurance companies and individual driving profiles. To choose the appropriate coverage and get affordable rates, it is important to understand which companies provide better premiums.
In Brooklyn, many major insurance companies offer their services, each of which the rates and benefits are different. Companies like Progressive and Geico are generally considered affordable options, while companies like Allstate and State Farm take more premiums
The figures below have compared Brooklyn’s average 6 months rates of top insurance companies.
| Company | Avg. 6 Mo. Premium |
|---|---|
| Progressive | $1,436 |
| GEICO | $1,487 |
| Allstate | $2,088 |
| USAA | $2,318 |
| State Farm | $3,235 |
Average Annual Increase by Violation
Car insurance rates in Brooklyn depend on your driving record. If there is a traffic violation in your record, it can cause a significant increase in insurance premiums. Minor violations, such as driving at a fast pace in school zone or driving while doing texting, can increase the premium to a few hundred dollars.
At the same time, serious violations, such as rash driving, racing, or hit and run, can increase your insurance cost by up to thousands of dollars. The table below gives details of the average annual growth in premium based on violations.
| Violation | Increase to Premium |
|---|---|
| Texting While Driving | +$165 |
| Speeding in School Zone | +$238 |
| Average Speeding Ticket | +$589 |
| At-Fault Accident | +$1,019 |
| Racing | +$1,329 |
| Reckless Driving | +$1,295 |
| Hit & Run | +$1,776 |
Tips for Finding Cheap Car Insurance in Brooklyn
The rising car insurance rates in Brooklyn can be a challenge, but by choosing the right strategies and options you can effectively reduce your insurance costs. Here are some helpful tips that will help you get cheap car insurance in Brooklyn.
How to Find Very Cheap Car Insurance in Brooklyn
- Compare Insurance Companies: Always get quotes from different insurance companies. This will ensure that you can choose the most affordable and suitable policy.
- Maintain Driving Records: A clean driving record helps lower your insurance rates. Follow traffic rules and avoid accidents.
- Find Online Discounts and Offers: Many insurance companies offer discounts on purchasing policies online.
Bundle Any and All Policies
If you want to save on car insurance in Brooklyn, bundling policies can be an effective strategy. Insurance companies often offer discounts to customers when they purchase more than one policy.
For example, if you get your car and home insurance policies from the same company, you may get an overall discount. The table below shows how bundling can reduce your premium costs:
| Homeowner Status | Avg. 6 Mo. Premium |
|---|---|
| Condo Owner | $2,896 |
| Condo Owner With Multi-Policy | $2,638 |
| Home Owner | $2,896 |
| Home Owner With Multi-Policy | $2,591 |
| Renter | $2,977 |
| Renter With Multi-Policy | $2,792 |
Be Smart with Your Coverage
It is important to select your car insurance coverage wisely. The premium is calculated based on factors such as car models, make, age, engine capacity, selected coverage, add-on and insured declared value (IDV).
Therefore, select coverage according to your needs. For example, if your car is old, you can consider leaving a collision or wider coverage. In addition, consider ad-on coverage options such as zero deputy, roadside assistance, and engine safety, which can increase your policy coverage.
Thus, you can customize your insurance policy according to your needs and avoid unnecessary premiums.
Ways to Save on Car Insurance in Brooklyn
The rising car insurance rates in Brooklyn can be a challenge for many drivers. However, by adopting the right strategies you can effectively reduce your insurance costs. Here are some top tips that will help you get cheap and affordable car insurance in Brooklyn.
Maintain Your Credit Score
Credit score is not only an indication of your financial health, but it also affects your car insurance premium rates. Insurance companies decide how much risk you take based on your credit score. The table below explains how the average 6 month premium rates change depending on your credit score:
| Credit Tier | Avg. 6 Mo. Premium |
|---|---|
| Excellent | $2,376 |
| Very Good | $2,682 |
| Good | $2,977 |
| Fair | $3,737 |
| Poor | $7,106 |
Compare Quotes
To find a cheap car insurance policy in Brooklyn, it is necessary to compare quotes with various insurance providers. Using online comparison tools, you can review various plans, premiums, and available discounts.
This will help you choose the most suitable policy according to your needs and budget. Remember, not only the premium, but also pay attention to the quality of coverage and the credibility of the company. By comparing different options, you can get a balanced and affordable car insurance policy.
Take Advantage of Discounts
Insurance companies offer a variety of discounts to reduce the cost of car insurance in Brooklyn. By making proper use of these discounts you can lower your premium rates. Here are some of the major discounts you can avail:
- Good Driver/Safe Driver Discount: If you have a clean driving record and avoid accidents, this discount may be available to you.
- Safe Equipment Discount: This discount may be available if your vehicle has advanced safety features such as anti-lock brakes, airbags, or anti-theft systems.
- Paid in Full Discount: Insurance companies may offer you lower premiums if you pay off your policy in full at once.
- Payment Via Bank: Some insurance companies offer discounts when you set up automatic payments (auto-pay) through a bank.
- Electronic Signature Discount: You may also get discounts if you sign a digital policy and choose the paperless option.
- Good Student Discount: If you are a student and your academic performance is good, this discount is especially for you.
- Bundling Discount: You can get multi-policy discounts when you get auto and renters or home insurance from the same company.
Conclusion
Understanding car insurance rates in Brooklyn, finding cheaper options, and adopting the right strategies can significantly reduce your insurance costs.
Whether it’s comparing insurance companies, maintaining your credit score, or taking advantage of all the available discounts, it’s important that you make informed and smart decisions. The tips in this guide will help you get cheap and effective car insurance.