Auto insurance in NY – The fact that New York (NY) is included into one of the most expensive car insurance in the US, a lot of people prioritize money savings when purchasing. In fact, it can be a great failure to get protected when type and old of the car are not taken into consideration. If you have a relatively new Mercedes G Wagon, you will need particular policy of auto insurance in NY for Mercedes G Wagon that fits to the protection/services and budget need.
Here, we cannot just rely on price. Some other components need to be taken into account and that begins with understanding the law and determining the possible need of insurance policy specifically for Mercedes G Wagon.
Legal Driving is Not Enough
Mercedes G Wagon is a high value car. No matter what you do, your insurance rate is higher than those with standard value cars. In NY, especially, being a legal driver has become so expensive this day. Each driver is required to carry minimum liability coverage once your Mercedes G Wagon is already registered with the New York Department of Motor Vehicles.
The minimum requirements consist of $25,000 per person and $50,000 per accident for bodily injury premiums, $10,000 for property damage minimums, respectively $25,000 per person and $50,000 per accident for underinsured/uninsured bodily injury premiums, and last $50,000 for basic PIP premiums.
Your requirement for auto insurance in NY for Mercedes G Wagon is a lot better to be more than minimum coverage. Since being a legal driver is already expensive, you possibly have to pay more for your G Wagon insurance premiums.
What is the Right Coverage for Mercedes G Wagon ?
Perhaps, if your car has been several years, it will be no problem to carry minimum coverage. The case is different for auto insurance in NY for Mercedes G Wagon that you have just purchased. The car repair cost is more expensive than 5/6-year-old Mercedes G Class.
Instead of paying the high repair cost on your own, it is a lot better to choose in insurance policy to cover. Not to mention, your new car attracts theft. You are at higher risk of losing your precious car.
As the addition of the minimum coverage, you will need to add comprehensive/collision coverage. It is specifically purposed for new cars that has high value. Your auto insurance in NY for Mercedes G Wagon will include this coverage to pay for the car repair cost that is caused by accident (no matter who is at fault), fire, vandalism, or natural disaster, and to replace your car for theft.
How to Get Reduced Insurance Premiums
Again, even though we toss aside the price and prioritize the services and coverage, we can try out best to get reduced insurance premiums for money savings. Even with a new Mercedes G Wagon, saving money is possible.
The best way to reduce insurance premiums is by getting discounts. A lot of insurance companies must offer discounts to attract customers. The greatest money saving can be obtained from safe-driver discounts. Some companies even claim to reduce 40%-70% of insurance premiums.
Discounts of auto insurance in NY for Mercedes G Wagon also include good student discounts (for those who are still students with good academic achievement) and safety device discounts (if your Mercedes G Wagon has been installed with registered safety devices such as anti-theft, air-brake system, airbags, and alarm devices).
Each company has different types of discounts, so you had better consult and ask to your local insurance agent for the availability and how to meet the requirements. By smart shopping, you can finally buy auto insurance in NY for Mercedes G Wagon that fits to your budget but has better services.