Troy Car Insurance

Your Complete Guide to Troy, NY Car Insurance

Where can I find the best car insurance for my needs?

Troy, NY is located on the eastern bank of the Hudson River. The city also has close-knit ties to the nearby cities of Albany and Schenectady, forming a region popularly called the Capital District. The area features a humid subtropical climate, with parts of the city transitioning into a humid continental climate. This gives the city cold, snowy winters and hot, humid summers and plentiful rainfall all year round.

When temperatures plummet in Troy, particularly during New York’s blustery winters, accidents can take place, so you will want a good car insurance policy to cover against them. Whether your tire went flat down on Second Avenue, or you had a fender bender on Hoosick Street, either could cost you hundreds or thousands of dollars in accident-related financial losses.

When you consult an independent insurance agent, you get to search for the best car insurance policy to meet your individual coverage and financial needs. Find an independent insurance agent in Troy, NY to learn more today. You can start reviewing custom-built car insurance quotes right away.

How Much Does Car Insurance Cost in Troy, NY?

The average cost of car insurance in New York is much higher than the national average. However, you might be able to save hundreds of dollars every year by taking your time when shopping and comparing rates.

  • National average annual car insurance cost: $1,311
  • New York average annual car insurance cost: $2,062

Insurance rates can vary from one person to another, because insurance firms have their own method for determining risk and calculating prices. Following are some factors that the price of your car insurance quote may be based on:

  • The make, model, and year of vehicles being insured
  • Your credit score and driving record
  • Your age, gender, occupation, and marital status
  • The amount of your deductible
  • Information about other licensed drivers using your vehicle
  • The amount of liability insurance being obtained
  • Whether you own or rent your home
  • The coverage options included in your policy

If you bundle your car insurance with renters or homeowners insurance, you may qualify for major discounts on your policies. You may also be entitled to other discounts, such as if you have a safe driving record or get good grades in school.

Let an independent insurance agent help you compare rates and find the discounts you qualify for. They can help you get the car insurance coverage you need at the most economical price.

What Car Insurance Coverage Options Are Available in Troy, NY?

Nearly all car insurance policies are created with a mix of mandatory and voluntary car insurance coverage options. As a resident of Troy, NY, your policy must meet or exceed New York’s minimum car insurance coverage requirements. New York requires drivers to carry liability car insurance and uninsured motorist insurance.

If you are still making payments on your car, your bank will probably require you to carry comprehensive and collision insurance. Similarly, if you are leasing your car, the dealer will definitely expect you to carry collision and comprehensive coverage.

The minimum liability insurance requirements are as follows:

  • $25,000 for injury/death to one person.
  • $50,000 for injury/death to more than one person.
  • $10,000 for damages to property.

Liability insurance reimburses third parties for personal injury and/or property damage. Please note that comprehensive and collision insurance do not meet New York’s vehicle financial responsibility requirements.

Following are several car insurance coverage options you might expect your local independent insurance agent to offer you:

  • Collision insurance (Partially optional): This option covers repair or replacement of your car if it is damaged in an accident, regardless of fault.
  • Comprehensive insurance (Partially optional): This option covers repair or replacement of your car if lost or damaged due to a non-collision event such as flooding, lightning, or a car fire.
  • Uninsured motorist insurance (Required): This option covers other non-covered damages and injuries you may undergo if you are in a collision with an uninsured, underinsured, or hit-and-run driver.
  • Roadside assistance and towing (Optional): This option covers essential options if your car breaks down while out driving, like if all your engine coolant leaks out.
  • Rental reimbursement coverage (Optional): This option covers the cost of renting an alternate car while your car is being repaired following a covered event.

Speak to your independent insurance agent for assistance in picking your liability coverage requirements.

What Is the Penalty for Driving without Insurance in Troy, NY?

To begin with, in the state of New York, you are required to turn in your registration and surrender your license plates before your insurance policy is canceled. If you drive without insurance in New York and are detained, you will be cited, and your license will be suspended for at least one year. 

If you get into an accident and are found to be at fault, you will be liable for any expenses for third-party personal injuries and/or property damage that occurs.

Following are the penalties for driving without insurance in Troy, NY:

  1. Uninsured operation of a motor vehicle:
    • Suspension of registration for one year, and/or
    • Suspension of license for one year
  2. Uninsured operation of a motor vehicle resulting in an accident:
    • Suspension of registration for one year, and/or
    • Suspension of license for one year
  3. Civil penalty:
    • All required civil penalties must be paid before restoration of registration and/or license
    • Installment and partial payments are not acceptable.

What Is the Auto Theft Rate in Troy, NY?

The 2018 crime rate in Troy, NY was 299 per 100,000 people, which is comparable to the US average. In the last five years, Troy has seen a decrease in violent crime and a decline in property crime.

  • National auto theft rate per 100,000 vehicles: 228.9
  • NY auto theft rate per 100,000 vehicles: 67.2
  • Troy auto theft rate per 100,000 vehicles: 159.6

Though the risk of somebody taking your car is much lower in Troy, you should still remember that you can only be reimbursed for a car theft if your car insurance policy includes comprehensive coverage. This optional coverage can also include a variety of non-collision related damage such as floods or structure fires.

If you are leasing or paying for your car, hopefully, you already have comprehensive coverage. If not, speak with your independent insurance agent to learn how much it will cost to add this non-accident related coverage to your car insurance policy.

Why Work with an Independent Insurance Agent in Troy, NY?

Independent insurance agents can be handy when searching for the best car insurance policy to meet your needs. These insurance professionals can explain your coverage options, answer insurance-related questions, and aid you in reviewing offerings from multiple insurance firms.

Contact a TrustedChoice independent insurance agent with an office in or near Troy, NY to start comparing personalized car insurance quotes in moments.

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