For pre-owned vehicles, one of the largest considerations that are looked at to help calculate auto insurance rates is where your car is garaged in Buffalo. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas more rural areas can boast about having cheaper rates.
The information below ranks the most costly cities in New York for used cars to purchase auto insurance in. Buffalo makes the list at #13 with an annual premium of $1,548 for the average policy, which is approximately $129 per month.
Rank | City | Premium Per Year |
---|---|---|
1 | New York | $2,654 |
2 | Freeport | $2,281 |
3 | Hempstead | $2,211 |
4 | Mount Vernon | $1,997 |
5 | Levittown | $1,981 |
6 | Yonkers | $1,958 |
7 | West Babylon | $1,932 |
8 | Brentwood | $1,929 |
9 | Hicksville | $1,900 |
10 | Coram | $1,714 |
11 | White Plains | $1,661 |
12 | New Rochelle | $1,610 |
13 | Buffalo | $1,548 |
14 | West Seneca | $1,225 |
15 | Cheektowaga | $1,216 |
16 | Tonawanda | $1,213 |
17 | Niagara Falls | $1,201 |
18 | Syracuse | $1,130 |
19 | Troy | $1,095 |
20 | Utica | $1,092 |
21 | Rochester | $1,056 |
22 | Albany | $1,036 |
23 | Schenectady | $1,031 |
24 | Irondequoit | $991 |
25 | Binghamton | $950 |
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Information shown are estimated as the specific Buffalo residence address can change premiums significantly.
Determining which companies have the lowest-priced insurance rates for used cars involves a bit more effort than just comparing a company or two. Each insurance company uses a slightly different approach for determining rates in each state, so we’ll go over the most budget-friendly insurance companies in New York.
Best Auto Insurance Prices for Used Cars
Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $1,199 |
2 | Erie | $1,205 |
3 | Utica National | $1,549 |
4 | Progressive | $1,558 |
5 | Travelers | $1,559 |
6 | Allstate | $1,588 |
7 | Amica | $1,596 |
8 | MetLife | $1,636 |
9 | Preferred Mutual | $1,737 |
10 | New York Central Mutual | $1,836 |
11 | GEICO | $1,869 |
12 | Safeco | $1,946 |
13 | State Farm | $1,962 |
14 | Central Mutual | $1,968 |
15 | Liberty Mutual | $2,087 |
16 | Hanover | $2,323 |
17 | Encompass | $2,662 |
18 | Nationwide | $3,085 |
19 | Mercury | $3,965 |
20 | 21st Century | $4,324 |
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USAA quotes some of the cheapest car insurance rates in Buffalo at around $1,199 per year. This is $876 less than the average premium paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers are also some of the cheapest Buffalo, NY auto insurance companies.
As shown in the rates above, if you currently have a policy with Progressive and switched to USAA, you might achieve annual savings of around $359. Customers with Travelers may save as much as $360 a year, and Allstate insureds might reduce rates by $389 a year.
To see if you’re overpaying, click here to start a quote or quote prices from the following companies.
Remember that these policy prices are averaged for all types of drivers and the different vehicles they drive and and are not figured with an exact vehicle garaging location for used cars. So the car insurance company that fits your needs best may not even be in the top 20 companies shown above. That underscores the importance of why you need to compare rates from multiple companies using your own individual information.
Buffalo insurance companies ranked
Selecting the best car insurance provider is difficult considering how many companies sell coverage in New York. The rank data shown below can help you pick which coverage providers you want to consider purchasing a policy from.
These rankings include companies with a nationwide focus, so companies that focus mainly on New York business are not taken into consideration for the list. If you’d like to compare prices from these top-rated insurers and more, click 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
Cost comparison with and without full coverage
Paying less for insurance is important to the majority of vehicle owners, and an easy way to lower the cost of insurance for used cars is to only buy liability coverage. The example below shows the difference between yearly insurance costs with and without full coverage. The premiums are based on no claims or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
Averaged for all ages 20 through 70, physical damage insurance costs $2,038 per year more than carrying just liability coverage. Lot’s of drivers question if paying for full coverage is worth it. There is no definitive rule to delete physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.
The benefit of shopping around
Buffalo, NY insurance rates are based on many factors which can substantially change the price you have to pay for coverage. Turning one year older, buying a new vehicle, or having a fender bender can trigger price changes that can cause some rates to be more affordable than the competition. Also, companies change the rates they charge in New York multiple times each year to adjust for gains or losses. An unexpected high level of claims can result in more expensive premiums, while better underwriting may result in more affordable Buffalo car insurance rates.
The data below analyzes the cheapest car insurance in Buffalo, NY for a 30-year-old male driver with a good driving record, no prior claims, and excellent credit. When comparing rates based on his current situation, USAA might quote the best car insurance rates in Buffalo at $1,878 per year. This is $197 less than the average rate paid by New York drivers of $2,075. Erie, Utica National, Travelers, and Allstate round out the rest of the best Buffalo, NY auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a chargeable accident, bad credit, and a few traffic violations. Since each insurance company has a unique approach for determining prices, comparing quotes may now result in a new list of the cheapest companies as shown below.
MetLife now has the cheapest auto insurance in Buffalo with Amica, Preferred Mutual, New York Central Mutual, and Erie also being competitive. This example illustrates why it is so important to perform a complete rate comparison when trying to find the lowest insurance quotes for used cars. Car insurance prices consist of many factors and can change without notice, so the cheapest option when you bought your policy may now not even be in the top five.
If you aren’t sure which coverage you need and prefer to have a consultation when trying to find the best insurance rates for used cars, the professional agents shown below can help you determine which policy fits your needs best. To locate a Buffalo car insurance agency in your neighborhood, click the link at the bottom.
- Merchants Insurance Co
85 Pearl St – Buffalo, NY 14202 – (716) 849-3287 - Buffalo Queen City Insurance Agency
26 French Lea Rd – Buffalo, NY 14224 – (716) 608-6047 - Bob White Insurance Agency
602 Grover Cleveland Hwy – Amherst, NY 14226 – (716) 836-2222 - Kasprzyk Insurance Agency
497 Franklin St – Buffalo, NY 14202 – (716) 844-8178 - Vanner Insurance Agency LLC
11 Pinchot Ct – Buffalo, NY 14228 – (716) 688-8888