Temporary auto insurance in New York
Term auto insurance, also known as short-term auto insurance, refers to an auto insurance policy that is in effect for six months or less. Once the six-month period is over, drivers have the option of renewing their policy, changing their coverage, or switching providers. In New York City, some insurance companies advertise term coverage, but you probably won’t find a policy that is less than six months old.
Temporary auto insurance in New York
When purchasing auto insurance in New York, drivers have the option of getting a policy for 12 months or six months. A temporary auto insurance policy is generally for six months. Traditional auto insurers don’t sell policies for days or weeks.
While there are benefits to having a term auto insurance policy, there are some factors that you should consider before choosing this type of term insurance. For example, a six-month policy typically cuts the price of a 12-month policy in half, making it a potentially more affordable option for someone who doesn’t need coverage for an entire year or who is considering to change operator soon. While monthly rates generally stay the same regardless of the length of the policy, your rate will likely change more frequently due to more frequent renewal periods.
You must make sure to renew your premium before the policy expiry date. Otherwise, your coverage could expire when the policy expires, which may increase your rates for the future.
Reasons someone might want temporary auto insurance in New York City
Temporary auto insurance policies in New York may be a good option for some drivers. Here are some of the reasons why someone might choose to purchase short term auto insurance:
- The price of auto insurance is expensive: Auto insurance premiums can be expensive depending on your insurer, age, credit score, and driving record. The average cost of auto insurance in New York for a 12 month policy is $ 2,321 for full coverage, so a six month policy would cost around $ 1,161. Remember that you must either renew your coverage or purchase a new policy before your current policy expires to avoid interruption of coverage.
- You are not satisfied with your current insurer: Choosing a short-term auto insurance policy means you have more options to switch carriers. Shopping can help you get the best rate, and you can find a provider that better suits your needs if you are unhappy with the customer service or claims handling of your current insurer.
- You are renting a vehicle for personal use: If you are leasing a vehicle for personal use, whether it is for a few days, several weeks or several months, a short-term insurance policy could be beneficial. Typically, you can purchase auto insurance from the car rental company you get your vehicle from.
Temporary auto insurance options in New York
If you are thinking about purchasing temporary auto insurance, there are several options available to you depending on your needs. Here are the main types of term auto insurance available from New York auto insurance companies:
- 6 month auto insurance: The most common type of temporary auto insurance is a six-month policy. Monthly premiums should be the same as a standard 12 month auto policy, but this could be a good option for drivers who prefer to pay for their coverage six months at a time as it would be a cheaper auto insurance option. than paying for an outright 12 month policy.
- Non-owner policy: A non-owner auto insurance policy is ideal for drivers who occasionally borrow vehicles, but do not have their own car registered. This policy is generally inexpensive, but it only provides liability insurance. You get your own proof of insurance when you purchase a non-owner’s policy.
- Auto insurance for trips abroad: You may need temporary auto insurance if you plan to travel to another country and rent a vehicle. In this case, you can probably get travel car insurance from the rental car supplier. Most US auto insurance policies are valid in Canada, but you may need a separate rider to drive in Mexico.
Cost of six-month auto insurance in New York
In New York, the average six-month annual auto insurance policy costs $ 1,161. For a 12 month policy, the average rate is $ 2,321. However, the cost of your term auto insurance will depend on personal factors, such as your age, gender, credit score, driving record, zip code, policy limits, and deductible. To find the lowest rate, you should speak with a licensed insurance agent who can help you research discounts and other money-saving opportunities.
In the table below, we’ve included the six-month average auto insurance premiums of the top auto insurance companies by market share:
|Insurance company||Six month average full coverage premium||Average monthly full coverage premium|
|Allstate||$ 1,217||$ 203|
|Geico||$ 985||$ 164|
|Progressive||$ 570||$ 95|
|State farm||$ 1,167||$ 194|
|United States||$ 1,069||$ 178|
|Average condition||$ 1,161||$ 193|
What Kind of Auto Insurance Do You Need in New York?
Drivers in New York are required to purchase at least a minimum amount of auto insurance if they own a registered vehicle. Driving without insurance in New York is illegal. New York auto insurance laws state that drivers must carry 25/50/10 liability insurance, which includes:
- $ 25,000 in bodily injury / uninsured motorist liability coverage per person
- $ 50,000 in bodily injury / liability insurance for uninsured motorists by accident
- $ 10,000 liability coverage for accidental property damage
- $ 25,000 in bodily injury not insured by a statutory motorist per person
- $ 50,000 in bodily injury to an uninsured motorist per accident
In addition to liability coverage, drivers must also have $ 50,000 for Personal Injury Protection (PIP) in order to meet New York no-fault laws. This pays for your medical bills and lost wages after an accident, regardless of which driver caused the accident.
A minimum coverage auto insurance policy in New York is usually the cheapest option. However, insurance professionals recommend that drivers purchase more coverage than is necessary until they can afford it. A minimum coverage policy in New York is unlikely to fully cover a serious accident, meaning you would be responsible for paying the difference out of pocket.
Most drivers can benefit from a comprehensive coverage policy, which includes both collision coverage and comprehensive coverage to cover damage to your vehicle, as well as medical payment coverage. Roadside assistance, gap insurance (for new leased or financed vehicles), new car replacement coverage, and accident remission can also be valuable if your provider offers them.
Frequently Asked Questions
What Does Temporary Auto Insurance Cover in New York?
Term auto insurance in New York City is not a standard type of policy. Instead, it usually refers to any six month auto insurance policy. With a temporary auto insurance policy, you will always have a choice of normal coverage options. You can purchase minimum coverage or full coverage for six months. You also have the option of adding riders, which would remain in effect for the duration of the policy.
Do you need auto insurance to borrow someone else’s car?
You don’t legally need to have auto insurance to borrow someone else’s car. As long as the vehicle owner allows you to drive, either through permissive use or under a named driver policy, their insurance policy should apply while you are driving. However, if you often borrow other people’s vehicles, you may want to consider purchasing a non-owner’s insurance policy, which provides you with liability insurance when you drive borrowed cars.
What’s the cheapest temporary auto insurance in New York?
Based on our sample rate data, Main Street America Group offers the cheapest auto insurance in New York City. This is also true for a six month term policy. However, the cheapest auto insurance in New York will be different for every driver. Before purchasing short term auto insurance, you should shop around and get several quotes to see which company can offer the best price.