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How much is car insurance in Valley Stream?
|Area||Average Monthly Car Insurance Premium|
Auto insurance policies in Valley Stream are about $19 a month more expensive than the rest of New York.
Likewise, Valley Stream residents should prepare to pay higher rates for coverage than the rest of the country. The cost of insuring a vehicle in Valley Stream is about $137 more expensive than the average rate for the rest of the U.S.
While these numbers are the average rates for auto insurance in Valley Stream, that doesn't mean it's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in your policy's monthly price.
We've done the heavy lifting for you and broken down the average rate for Valley Stream so that you can get a more accurate idea of what your policy will cost you. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below to learn more about rates in your area!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? That experience can lead to some serious savings when it comes to auto insurance premiums. In this case, 18-24-year-olds pay $152 more than drivers 65 and older.
As you get older, you can expect to see a drop in your monthly premium every 10 years. Valley Stream drivers may see their rates climb back up a bit once they hit retirement age.
Average Car Insurance Rates by Gender
In general, car insurance rates for women are usually cheaper than they are for men. The difference in Valley Stream is around $33 per month. Based on the chart above, you can see that female drivers pay around $192 on average, while male drivers typically pay $225 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. The rate for drivers in Valley Stream with a single accident on their record is about $266 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $212.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$258|
|15 Years or Older||$171|
In Valley Stream, the cheapest vehicles to insure are usually trucks and vans, with drivers paying around $155 per month for insurance.
Car owners can expect to pay an average of around $232 a month for their policy, while SUVs usually cost around $179 a month to insure.
In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. In Valley Stream, the most expensive vehicles to insure are vehicles two-to -three years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$221|
Generally speaking, those who have settled down into marriage will pay slightly less for insurance coverage. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.
The cost of auto insurance in Valley Stream reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $73 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$301|
Another factor that comes into play is your housing status. If you rent your home or apartment in Valley Stream, expect to pay around $16 a month more than if you own property. Those who live with their parents, however, can expect to pay a lot more.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your overall costs, depending on your insurance company.
Car Insurance Companies in Valley Stream, NY
Recent trends in car insurance for Valley Stream drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before choosing when and where to shop.
The cost of auto insurance in Valley Stream had been increasing from 2016-2018, before steadying out in 2019. Insurance rates finished down in 2021, at $218 a month
How does Valley Stream compare to neighboring areas?
Why are car insurance rates in Valley Stream different from other areas?
There are several factors car insurance companies will consider when figuring out how much to charge for a monthly rate. While we already talked about the ones that affect your personal policy, others are based around where you live and drive. These include things like:
- Road Safety (total number of local car accidents)
- Crime levels
- Regional laws
- Amount of drivers in the area
- Off-street parking availability
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.
How can I find the cheapest car insurance in Valley Stream?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
Fortunately, Compare.com can handle all of this for you. Enter your ZIP below, answer a few questions about your driving profile, and you'll be quickly comparing the cheapest quotes from numerous car insurance companies offering plans in Valley Stream.
Valley Stream Insurance FAQs
What factors affect car insurance quotes in Valley Stream?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your vehicle's year, make and model, as well as your driving record, credit score, address, and marital status.
Why is the cost of car insurance in Valley Stream different from other neighboring cities?
Auto insurance companies consider regional factors, such as local laws, crime rates, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Valley Stream?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Valley Stream?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Valley Stream or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.