How to cut your New York car insurance bill dramatically
A lot of people are surprised to see just how much money they are spending on New York car insurance each and every single year when they finally get a chance to look at their finances.
Unfortunately, this isn’t one of those “good surprises” 99% of the time.
Worse still, experts predict that the cost of New York car insurance is only going to continue to trend upwards each and every year, basically siphoning off hundreds and hundreds of dollars from your bank account that you weren’t expecting to spend in the first place.
Thankfully, there are a couple of things you can do (right away with zero extra effort) to cut down on your New York car insurance premiums – often times dramatically.
Let’s get right to it!
Play the long con when purchasing New York car insurance
One of the easiest ways to dramatically reduce the amount of money you spent on New York car insurance is to plan things out well in advance of even purchasing your car – really playing the “long con”.
Be smart about the vehicle that you invest in, choosing a vehicle that will suit your needs right down to the ground while at the same time carrying a minimal car insurance hit. This won’t always be possible (especially if you’re already the proud owner of a specific vehicle), but if you have the chance to plan things out ahead of time don’t miss your opportunity for significant savings.
Cut out all the extras
Next, you’re going to want to be sure that your New York car insurance policy is in carrying any extras that you wouldn’t have taken advantage of anyway.
A lot of times, these insurance companies like to squeeze extras onto the insurance policies of their customers and clients, charging for extras like towing, roadside assistance, call rental services, etc. – extras that their customers very rarely use, which means that it is pure profit in your back pocket.
Cut these extras out of your policy and you’ll watch your monthly premium drop like a stone!
Negotiate a more favorable prepay premium plan
Lastly, it’s always a good idea to try and negotiate a prepay premium plan with your New York car insurance company.
Rather than pay off your car insurance each and every month, you instead pay off the entire year in advance. Because this guarantees that your auto insurance company will get their money for the entire year in one lump sum, they’ll often times be able to give you a substantial discount (sometimes even worth a full month of premiums taken off of the total bill) just to make it happen.