Non permanent Auto Insurance in New York – Bankrate.com

Temporary car insurance, also known as short-term car insurance, refers to a car policy with a term of six months or less. After the six months have expired, drivers have the option of extending their policy, changing their insurance coverage or switching to another provider. In New York, some insurance companies advertise temporary coverage, but you are unlikely to find a policy that is less than six months.

Temporary car insurance in New York

When you get auto insurance in New York, drivers have the option to take out a policy for 12 or 6 months. A limited-term car insurance usually has a term of six months. Traditional auto insurance companies don't sell policies for days or weeks.

Although limited term car insurance offers advantages, it is important to consider certain factors before opting for this type of insurance term. For example, a six-month policy generally cuts the price of a 12-month policy in half, making it a potentially cheaper option for someone who doesn't need insurance for an entire year or is planning to switch carriers soon. While the monthly rates tend to stay the same regardless of the length of the contract, your rate will likely change more frequently due to more frequent renewal periods.

You should ensure that you renew your premium before the policy expires. Otherwise, your insurance cover could expire after the policy expires, which could increase your tariffs in the future.

Reasons Why Anyone Would Want Temporary Auto Insurance in New York

Temporary auto insurance in New York can be a great option for some motorists. Here are some of the reasons someone might choose to get short term auto insurance:

  • Car insurance costs are high: Car insurance premiums can be expensive depending on your insurer, age, creditworthiness, and driver's license. 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 about $ 1,161. Remember that before your current policy expires, you should either renew your coverage or take out a new policy to avoid expiry of your coverage.
  • You are dissatisfied with your previous insurer: If you choose short-term car insurance, you have more options to switch providers. If you are not satisfied with the customer service or claims handling from your current insurer, you can find the best rate and a provider that is better suited to your needs.
  • You rent a vehicle for private use: If you rent a vehicle for private use – be it for a few days, several weeks or months – short-term insurance can be an advantage. You can usually get car insurance through the car rental company that you will get your vehicle from

Temporary auto insurance options in New York

When you are thinking about getting temporary auto insurance, there are several options depending on your needs. Here are the main types of temporary auto insurance offered by New York auto insurance companies:

  • Six month car insurance: The most common type of temporary car insurance is a six month policy. The monthly premiums should be the same as for standard 12 month auto insurance, but this could be a good option for drivers who would rather pay for their coverage for six months at a time, as this would be a cheaper auto insurance option than paying for one 12-month policy direct.
  • Non-Owner Policy: Motor vehicle liability insurance is ideal for drivers who occasionally borrow vehicles but do not have their own. This policy is usually cheap, but only offers liability insurance. When you take out a non-owner policy, you will receive your own proof of insurance.
  • Car insurance for trips abroad: You may need temporary car insurance if you are traveling to another country and want to rent a vehicle. If so, you can likely get travel car insurance with the rental company. Most US auto insurance policies are valid in Canada, but you may need a separate notice to drive in Mexico.

Cost of six month auto insurance in New York

In New York, the average annual auto insurance for six months is $ 1,161. For a 12 month policy, the average rate is $ 2,321. However, the cost of your temporary car insurance depends on personal factors such as age, gender, creditworthiness, driver's license, zip code, insurance limits and deductible. To find the lowest rate, speak to a licensed insurance agent who can help you find discounts and other ways to save money.

In the table below, we have listed the average six-month auto insurance premiums of the best auto insurance companies by market share:

insurance company Average fully comprehensive premium for six months Average monthly fully comprehensive premium
Allstate $ 1,217 $ 203
Geico $ 985 $ 164
Progressive $ 570 $ 95
District farm $ 1,167 $ 194
USAA $ 1,069 $ 178
National average $ 1,161 $ 193

What Type Of Auto Insurance Do You Need In New York?

New York drivers must have at least a minimum amount of insurance if they own a registered vehicle. Driving in New York without insurance is illegal. New York auto insurance laws require drivers to purchase 25/50/10 third party liability insurance that includes:

  • $ 25,000 in Personal Injury / Uninsured Motor Insurance per person
  • $ 50,000 in personal injury / uninsured motor vehicle liability coverage per accident
  • $ 10,000 in property damage liability insurance per accident
  • $ 25,000 in uninsured motorist bodily harm per person
  • $ 50,000 in uninsured driver injury per accident

In addition to liability insurance, drivers must also have $ 50,000 Personal Protection (PIP) to comply with New York no-fault laws. This covers your medical expenses and lost wages after an accident, regardless of which driver caused the accident.

Motor vehicle liability insurance in New York is usually the cheapest option. However, insurance experts recommend that drivers purchase more coverage than is needed until they can afford. A minimum insurance policy in New York is unlikely to fully cover a major accident, which means you will be responsible for paying the difference out of pocket.

Most drivers can benefit from fully comprehensive insurance, which includes both collision and fully comprehensive insurance for damage to your vehicle, as well as health insurance. Breakdown assistance, gap insurance (for leased or financed new vehicles), new vehicle replacement insurance, and accident forgiveness can also be valuable if your provider offers them.

frequently asked Questions

What Does New York Temporary Auto Insurance Cover?

Temporary car insurance in New York is not a standard policy. Instead, it generally refers to six month auto insurance. With limited-term car insurance, you still have the option to choose from the normal coverage options. You can purchase a minimum or full coverage policy for six months. You also have the option to add endorsements that will remain in effect for the duration of the policy.

Do you need car insurance to borrow someone else's car?

You don't need car insurance to borrow someone else's car. As long as the owner of the vehicle authorizes you to drive – either through permitted use or on a named driver's policy – their insurance policy should apply while you are behind the wheel. However, if you frequently borrow other people's vehicles, consider getting a non-owner policy that will provide you with liability insurance when you drive any borrowed cars.

What is the cheapest car insurance in New York?

Based on our sample rate data, Main Street America Group offers the cheapest auto insurance in New York. This also applies to a six-month limited policy. However, the cheapest auto insurance in New York will be different for each driver. Before getting any short-term car insurance, it is a good idea to shop around and obtain multiple quotes to see which company can offer the best price.

Comments are closed.