Consumer Resources for New York Car Insurance Plans.
Welcome NY State Assigned or High Risk drivers. We understand the
concerns that you have trying to get car insurance in NY when you
have had a few tickets or accidents or even some credit problems
that may put you and your family in need of a State Mandated
Insurance Plan to secure insurance coverage
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Chautauqua Chemung Chenango Clinton Columbia Cortland
Delaware Dutchess Erie Essex Franklin Fulton Genesee
Greene Hamilton Herkimer Jefferson Kings Lewis Livingston
Madison Monroe Montgomery Nassau New York Niagara Oneida
Onondaga Ontario Orange Orleans Oswego Otsego Putnam
Queens Rensselaer Richmond Rockland Saint Lawrence Saratoga
Schenectady Schoharie Schuyler Seneca Steuben Suffolk
Sullivan Tioga Tompkins Ulster Warren Washington Wayne
Westchester Wyoming Yates
NYAIP-PAIP-CAIP-AIP Assigned Risk or High Risk Auto-Truck-Bus residual insurance markets consists of licensed drivers unable to purchase auto insurance through the Voluntary Market due to a variety of factors, such as their driving history, accident history or status as a first-time driver. The Assigned Risk or High Risk Auto Insurance Plans often charges higher rates, and is a last resort for licensed drivers that cannot obtain car insurance coverage elsewhere in the preferred or voluntary auto insurance marketplace. To combat soaring New York car insurance prices experts recommend educating yourself and then obtain Car Insurance quotes from multiple sources.
Get New York High Risk Car Insurance quote comparisons (469) 546-0021.
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New York Auto insurance high risk selection is the
process by which vehicle insurers determine whether or not to insure an
individual and what insurance premium to charge. Depending on the
jurisdiction, the insurance premium can be either mandated by the
government or determined by the insurance company in accordance to a
framework of regulations set by the government. Often, the insurer will
have more freedom to set the price on physical damage coverages than on
mandatory liability coverages.
Where you live or, more precisely, where you keep your car parked at
night has a bearing on your chances of having an accident or becoming a
victim of theft or vandalism. That's why a vehicle owner in Manhattan,
New York, pays a higher rate than the owner of an identical vehicle in
Black Mountain, North Carolina.
Other factors affecting regional
insurance rates include time and efficiency of police response and law
enforcement, local road and traffic conditions and the quality of local
medical services. Insurers even factor in the litigation rates in a
given area--that is, how many lawsuits are filed, go to trial, are
settled out of court and for how much.
Why are rates
different for different cars, even if the cars cost the same?
Vehicles are also grouped into categories according to their chances of
being damaged, vandalized or stolen. Insurers generally consider the
size and type of vehicle, as well as the value and the cost of repairs
which vary greatly, even on vehicles that cost about the same amount.
Therefore, it is assumed that a new sport utility vehicle is expected to
hold up better in an accident than a sports car or a subcompact or
electric hybrid car.
Putting auto insurance aside for a moment,
safety is key when buying an auto. Your life and everyone who rides with
you depends on it! Some cars are considered safer than others because of
their performance record in safety tests and real accidents.
That
is why all consumers should research insurance coverage before you buy
your car. It helps you to understand the actual cost and indicates those
vehicles with good safety records. Your insurer will ultimately reward
you for putting safety first.
Why would my auto
insurer cancel my policy?
Technically, in most states your insurer may cancel your policy
only if:
you fail to pay your premium;
you lose your driver's
license;
you are guilty of material misrepresentation during the
application process i.e., you fail to notify your insurer of a recorded
violation, such as a drunken driving, or possession of drugs or any
illegal activity offense; or
you fail to report a substantial
change of risk, such as buying a new high performance sports car to
replace an old high mileage family sedan.
However, your insurer can choose not to renew your policy for a
variety of reasons.
Do you have a bad driving record? Have you
received a lot of speeding tickets? Have you ever been caught driving
drunk? Not only are these scenarios considered unsafe and illegal, they
are justifiable cause for your insurer to label you a bad risk and
refuse to renew your policy. Some underwriters may feel compelled to
cancel policies after only one accident.
Where do you live? Has the
neighborhood changed in the last few years? Have the accident or crime
rates risen noticeably? As regions are reassessed periodically, their
status could change and you could suddenly find yourself living in a
higher risk area, where your insurer's rates may not be adequate to
cover losses.
What do I do if my insurer cancels or refuses
to renew my policy?
Even "good" New York drivers can find themselves in the position
of being dropped by their current carrier. Reasons range from a couple
of moving violations, or multiple accidents, or other serious violations
that make you a high risk to situations outside your control, such as
when insurers in your state are suffering severe business losses.
Overall rises in claims or losses can cause insurers to become highly
selective in determining whom they can afford to offer to insure.
That is why it is important to note that if you are licensed to drive,
by law, you are eligible for insurance. However, your options for new
coverage may be limited. Each state has created and regulates a market
of last resort for those who cannot otherwise obtain coverage. These
groups have various names, depending on the state you live in, such as
assigned risk auto insurance plans or the residual market, or the high
risk pool. Your agent or insurance producer will know more about the
particulars in your state.
Regardless of the reason you were
dropped or canceled by your insurer, you need to act immediately to get
another policy. Under no circumstance should you drive your vehicle
without knowing one hundred percent that you have current insurance.
Call your local agent to help you find new coverage. If you do find
yourself in the assigned risk residual market pool, the price may be
higher but it may be your only alternative in maintaining your freedom
to drive.
Getting yourself out of the high risk insurance or
assigned risk driver pool category is going to take a little time. You
may need to consider the following, cleaning up a bad driving record and
paying your bills on time. And some factors will fade with time. Most
insurance companies rate a driver with no points for three years as a
good or preferred risk. But there are a few things you can do to cut
high risk auto insurance costs now! Consider driving an older car and
dropping collision and comprehensive coverages. Or, if you can accept
the risk, carry lower amounts of other standard coverages.
And
don't forget that shopping online is a great way to access assigned risk
auto insurance PAIP certified producers and companies that serve Local
Consumers in our area. You may even be able to comparison shop between
several offers. If you get a FREE QUOTE from each of the national
quoting services you will have the best service from someone Local in
your area.