The words “bargain” and “insurance” really shouldn’t be used together, especially when you are shopping around for the best insurance rates for drivers requiring a SR22. Let’s lead off by showing you some of the factors that have a considerable impact on auto insurance prices, and find out if we can help you take the sting out of the next policy you buy.
For high risk drivers, one of the more important things that are looked at to help calculate the amount you pay for auto insurance is your address. Areas with more people or more claims tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The information below sorts the most expensive cities in New York for drivers requiring a SR22 to purchase a policy in. Buffalo shows up at #13 with the yearly price of $1,548 for the average policyholder, which is around $129 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | New York | $2,627 |
| 2 | Hempstead | $2,301 |
| 3 | Freeport | $2,235 |
| 4 | Mount Vernon | $1,997 |
| 5 | Levittown | $1,981 |
| 6 | Yonkers | $1,978 |
| 7 | West Babylon | $1,913 |
| 8 | Brentwood | $1,853 |
| 9 | Hicksville | $1,843 |
| 10 | Coram | $1,766 |
| 11 | White Plains | $1,612 |
| 12 | New Rochelle | $1,610 |
| 13 | Buffalo | $1,548 |
| 14 | Tonawanda | $1,213 |
| 15 | Cheektowaga | $1,203 |
| 16 | Niagara Falls | $1,201 |
| 17 | West Seneca | $1,189 |
| 18 | Syracuse | $1,130 |
| 19 | Utica | $1,103 |
| 20 | Troy | $1,085 |
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Premium costs are comparative as the specific garaging location can alter price quotes substantially.
Figuring out which company offers the lowest-priced insurance rates for drivers requiring a SR22 requires a tad more effort in order to find the best price.
Every insurance provider has their own guidelines for setting prices, so let’s take a look at the lowest cost insurance companies in New York. It’s important that readers know that Buffalo insurance rates are impacted by many things that will increase or decrease the price you pay for coverage. Turning one year older, having a teenage driver, or getting a speeding ticket may cause policy rate changes that can now make some companies more affordable than competitors.
Cheapest Insurance Rates for SR22 Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,187 |
| 2 | Erie | $1,218 |
| 3 | Utica National | $1,534 |
| 4 | Allstate | $1,556 |
| 5 | Progressive | $1,558 |
| 6 | Travelers | $1,559 |
| 7 | MetLife | $1,572 |
| 8 | Amica | $1,580 |
| 9 | Preferred Mutual | $1,754 |
| 10 | New York Central Mutual | $1,818 |
| 11 | State Farm | $1,904 |
| 12 | GEICO | $1,907 |
| 13 | Central Mutual | $1,948 |
| 14 | Safeco | $1,966 |
| 15 | Liberty Mutual | $2,066 |
| 16 | Hanover | $2,369 |
| 17 | Encompass | $2,583 |
| 18 | Nationwide | $3,054 |
| 19 | Mercury | $3,809 |
| 20 | 21st Century | $4,324 |
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USAA normally has some of the lowest car insurance rates in Buffalo at around $1,187 a year. This is $888 less than the average policy premium paid by New York drivers of $2,075. Erie, Utica National, Allstate, and Progressive would also make the list of some of the best Buffalo, NY auto insurance companies.
In this example, if you are a policyholder with Utica National and switched to USAA, you could realize an annual premium reduction of in the vicinity of $347. New York drivers with Allstate could save as much as $369 a year, and Progressive insureds might see rate reductions of $371 a year.
To find out how your current rates compare, click here to start your free quote or quote rates from the companies below.
Be aware that those premium estimates are averaged for all insureds and vehicles and are not factoring in a specific vehicle garaging location for drivers requiring a SR22. So the insurer that has the cheapest price for you may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
Accidents and violations increase rates
The ideal way to receive cheap insurance rates in Buffalo for high risk drivers is to drive safely and maintain a clean driving record. The illustration below illustrates how traffic citations and accident claims impact insurance premiums for different age groups of insureds. The costs are based on a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
In the example above, the average cost of a car insurance policy in New York per year with no accidents or violations is $1,210. Get two speeding tickets and the average cost surges to $1,594, an increase of $384 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of insurance for drivers requiring a SR22 jumps again to an average of $3,131. That’s an increase of $1,921, or $160 per month, just for not driving safely!
Types of discounts on Buffalo insurance
Insurers that sell policies for drivers requiring a SR22 may provide price discounts that could reduce prices by as much as 35% if you are eligible to receive them. Companies and their offered discounts include:
- State Farm offers discounts including multiple autos, safe vehicle, student away at school, good driver, good student, multiple policy, and anti-theft.
- Farmers Insurance policyholders can earn discounts including good student, switch companies, electronic funds transfer, alternative fuel, teen driver, youthful driver, and business and professional.
- Progressive includes discounts for continuous coverage, multi-policy, good student, online quote discount, and online signing.
- GEICO offers discounts for federal employee, anti-lock brakes, emergency military deployment, multi-vehicle, daytime running lights, and anti-theft.
- Auto-Owners Insurance discounts include anti-lock brakes, mature driver, multi-policy, paid in full, and student away at school.
- The Hartford may include discounts for good student, bundle, defensive driver, vehicle fuel type, air bag, driver training, and anti-theft.
- Farm Bureau has discounts for 55 and retired, safe driver, multi-vehicle, renewal discount, and multi-policy.
- USAA may have discounts that include defensive driver, military installation, loyalty savings, good student, and driver training.
The illustration below visualizes the comparison of insurance premiums with and without discounts being applied to the rates. The premium estimates are based on a male driver, two accidents and one citation, New York state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, multiple vehicle, marriage, anti-theft, paperless filing, and vehicle safety discounts applied. When these discounts are applied, theaverage amount saved on insurance for drivers requiring a SR22 is 28% or $881.
Finding a good quality car insurance company can be difficult considering how many choices there are in New York. The company ratings listed below can help you analyze which coverage providers you want to consider purchasing a policy from.
The ratings below only include the largest companies in America, so companies that only write business in New York or surrounding areas are not included in the list. To check rates from these top-rated insurers and more, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The General | 96 | 100 | 92 | 91% | A- | 95 |
| Mercury Insurance | 87 | 96 | 100 | 87% | A+ | 93.4 |
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
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Data Source: Insure.com Best Car Insurance Companies
How to find cheaper car insurance for drivers requiring a SR22
The list below details many money-saving suggestions that can help New York drivers find low-cost coverage.
- Increase your deductibles
- Staying accident-free helps keep rates low
- Drivers with good credit ratings often pay less
- Drop full coverage on older vehicles
- Buy safe vehicles
- Do not get traffic violations
- Compare rates regularly to ensure the best deal
The last item on the list is certainly necessary, as was affirmed in this article. Auto insurance prices adjust often, so you should be ready to change to a new company if you can find a cheaper rate.
We understand brand loyalty, but it’s not recommended if that loyalty results in overpaying major coinage every year. In less than five minutes you could compare rates to find cheaper insurance for drivers requiring a SR22 in Buffalo.
The insurance agencies below are willing to help you make a decision which coverages and limits you need, as lots of drivers aren’t clear which coverage they need and would like to get some professional input when shopping for cheaper insurance for drivers requiring a SR22. It can be time-consuming to find the best coverage yourself, so a licensed agent can provide you peace of mind knowing your coverage gives you enough coverage when you need it. To find an agent by location nearest to you, click the button after the list or click here to compare rates now.
- Willoughby Insurance
1994 Seneca St – Buffalo, NY 14210 – (716) 827-0500 - Buffalo Queen City Insurance Agency
26 French Lea Rd – Buffalo, NY 14224 – (716) 608-6047 - Cannizzaro Insurance Agency, Inc
432 Amherst St – Buffalo, NY 14207 – (716) 235-8882