How much auto insurance do you need in New York?

The average cost of living in New York is about $70,000 for a single person. Interestingly enough, though, it does not cost as much as one would think to have basic auto insurance in The Empire State. Buying the minimum insurance coverage, however, may not be the best idea if you have a lot of assets. XL Brokerage Inc. can help you sort through the web of indemnity coverage to determine just how much auto insurance you need in Selden, NY. 

How much coverage is required?

State law requires drivers to show proof of at least $25,000 in bodily injury coverage for one person ($50,000 per incident). You need at least $10,000 in property damage coverage to remain in compliance with the law. 

Is the minimum enough?

It is hard to fathom the notion of $10,000 serving as enough property damage coverage in New York when the average single-family home sells for about $680,000. You may want to consider more property damage coverage than the minimum if you travel often. 

It may also be a good idea to increase bodily injury coverage if you are a commuter. Adding payment for medical bills is equally a good idea if you drive with passengers who may attempt to sue you for their injuries after an accident. 

How much auto insurance do you need in New York?

The exact amount of auto insurance you need in New York depends on a number of factors. First, you should consider your lifestyle. You may not need as much coverage if you do not drive as often. 

Second, you should think about your budget. It is important to commit to monthly premiums that you know you can comfortably pay while living in Selden, NY. Finally, you should purchase an auto insurance plan that allows for expansion. You never know when you may need to insure more than one vehicle. 

It is best to contact XL Brokerage Inc. when you want to insure your car in New York. Call them today to get started with a quote for coverage.

How Does Umbrella Insurance Apply to Auto Insurance?

Umbrella insurance might sound like a big tarp, somehow covering everything that you might ever need to file a claim for. But the truth is that it’s a little more specific than that, and it helps to know how it might affect you. XL Brokerage Inc. wants you to know more about what this policy is and how it applies to different kinds of insurance policies — including that of auto insurance. 

What Does Umbrella Insurance Do?

When you first buy an insurance policy in Selden, NY, you might be aware that it has certain limits. This means that the insurance carrier will pay up to a certain amount for a certain category. So in the case of auto insurance, it might be up to $100,000 per accident. This means that if the costs of the accident go beyond this 6-figure number, the auto insurance company will not pay the additional amount.

However, this does not mean that you’re not liable for these fees. You will still need to pay them in order to be legally compliant. Umbrella insurance will essentially extend the limits of your policy so that you’re covered in case this occurs. From bodily injuries to legal fees, the fall-out from a serious accident can be severe. 

Going the Extra Mile 

Umbrella insurance is all about liability, which is why you’ll see public officials rushing to get a policy. However, that doesn’t mean that more people wouldn’t benefit from having this extra resource in their back pocket. If you live in Selden, NY, and have questions about how to get the type of coverage that you can really rely on, call XL Brokerage Inc. today to learn more about our services and get the right advice. 

How Big Life Changes Affect Car Insurance

Car insurance is a unique expense in that you are required by law to maintain car insurance in most states. This makes it even more important to make sure you get the best deal possible. There are many factors that can affect the cost of auto insurance. At XL Brokerage Inc. serving Selden, NY, we love taking the opportunity to educate our clients on these topics. Keep reading to find out how big life changes can affect car insurance. 


One of the big life changes which can affect your car insurance will be marriage. In most cases when a couple gets married they wish to combine their car insurance. This is a great idea because most insurance policies offer a discount to married people. Take time to compare rates to get the best possible deal after getting married. 

Buying a Home

Purchasing a home is a signal of stability for most insurance companies and they equate that with a decreased risk to insure you. This life change can reflect as a discount on your car insurance. Many companies that provide car insurance also offer homeowner’s insurance. Bundling these policies can offer even more discounts. 

Adding a Teen Driver

Another huge life change that will greatly affect your insurance will be adding a teen driver. For a certain amount of time, it will be your responsibility to carry your teen on your insurance while they are first learning to drive. Be sure to discuss with your insurance representative when you will need to make this change. Also, take this opportunity to learn about any discounts you may be eligible for if your child maintains good grades. 

If you would like to learn more about auto insurance, please contact our friendly staff at XL Brokerage Inc. serving Selden, NY today. We are happy to answer your questions. 

What Can a Speeding Ticket Do To Your Auto Insurance

Speeding tickets are one of the most common traffic violations you experience as a driver. Getting a speeding ticket is something that can occur when you simply lose sight of the speed limits, let the pedal get away from you a bit. When you do get a speeding ticket, you are going to be presented with a monetary fine you need to take care of as soon as possible. What many do not realize, though, is that a speeding ticket can also have an impact on your auto insurance.

The auto insurance rates that you end up falling within will be driven largely by the record you have behind the wheel of a vehicle. When you get into a car accident which is your fault or get a speeding ticket, it is a sign that you are not that responsible when driving a vehicle.

Auto insurance providers pull what are known as motor vehicle records to take a look at your driving history when they are pricing you out for your policy. When you get a speeding ticket, it is going to be on your motor vehicle record for a number of years. As the years go by and you do not get any subsequent speeding tickets, the impact of it is going to reduce. In the meantime, though, you are going to be facing a real problem when it comes to getting auto insurance at a rate you feel comfortable with.

Speeding tickets do not have to be a bit detriment, though, when you do your homework and go with the right auto insurance provider. An insurance agency in Selden, NY can help you navigate the waters to end up with a policy that is advantageous to your needs and situation. Work with the team at XL Brokerage Inc. to start this process today.

What is Usage Based Auto Insurance?

Do you sometimes feel like you’re paying too much for your auto insurance? If you don’t drive very often, you very well may be investing more in your premiums than necessary. Drivers in the Selden, NY area have the option to switch from traditional policies to a usage-based coverage system. What is usage-based auto insurance and how can a policy from XL Brokerage Inc. keep you covered?

What is Usage-Based Auto Insurance?

Also known as Pay As You Drive coverage, usage-based auto insurance takes into account the number of miles you drive when determining your premium options. Insurers look at these pieces of information when deciding the risk on your usage-based contract.

  • The type of vehicle you drive.
  • How much time you spend driving.
  • How far you typically drive on each trip.
  • The average time each trip lasts.
  • Where you normally operate your vehicle.
  • Driving behaviors such as braking patterns, how long it takes for you to stop, average speed, etc.

There are 3 main ways your auto insurer can use to determine your final rates.

  • Tracking the odometer allows agents to calculate your usage, which is used to determine premiums.
  • GPS data from an installed tracker, cellphone, or specialized RF technology device reports miles and timing to the insurance agency.
  • Additional tracking information from the vehicle such as speed, time of day and place in which vehicle is used, and driver behaviors are compared against the historic riskiness of the roads you take to determine overall risk.

In order to take advantage of this potentially cost-saving option, drivers usually need to agree to have a device installed in their vehicle.

Usage-Based Auto Insurance for Your New York Lifestyle

If you don’t drive often or have a low daily mileage range, a usage-based auto insurance policy may be perfect for you. Contact XL Brokerage Inc. to find out if this coverage is right for your Selden, NY automobile.

Tips to Protect Your Car From Snow Damage and Winter Weather

Living in Selden, NY, you experience the damage that snow and winter weather can cause to your property. At XL Brokerage Inc. we know that your car or vehicle will also take the most damage since they travel the snow-covered roadways daily as you commute to work and other areas in this weather. Below are some of our best tips to protect your car from this damage. 

Keep your car washed 

That’s right. Throughout the winter season, make sure to periodically have your car washed to remove the salt build-up from the roads. This can rust the undercarriage of your car, depreciating the value of it and also exposing this area to the elements. 

Keep it covered

If you are one of our clients who has a garage, make sure to use it through the winter months. When you park your car on the roadways, you are not only covering it in snow but also salt from the snowplow that is traveling through the night to keep the roads cleared. This will minimize any external damage. 

Fill your fluids

Before the weather gets too cold, it is essential to fill up on the following:

  • Antifreeze
  • Fresh oil change
  • Brake fluid
  • Power steering fluid

These fluids should be at their proper levels prior to the frigid temperatures so that they can continue to operate your car and do so successfully in the winter weather. If these fluids are too low during the winter, they can keep your car from operating and leave you stranded in the cold. 

Layer your car with Auto Insurance

Upgrade your Selden, NY auto insurance policy today when you give our agents a call at XL Brokerage Inc. We are here to answer your questions and take your call today.

What is the Difference Between Replacement Cost and Actual Value?

When thinking about auto insurance, be sure to work closely with your agent at XL Brokerage Inc. serving Selden, NY and the surrounding area. Keep your agent informed of any changes that are happening in your life, such as a job change or letting another person drive your vehicle Also, for enhanced protection, consider insuring the vehicle for replacement value.

The Benefits of Replacement Value Protection

Replacement value differs from actual value. The actual value is what a vehicle would sell for on the used auto market. This can be estimated by referring to some industry-wide statistics for auto sales. Replacement value is the amount needed to buy a new vehicle of the same model and type.

If a vehicle is involved in a major accident and severely damaged, it may not be worth repairing it if the cost to repair it is more than the vehicle is worth. In common terminology, this level of damage is described as a vehicle that is “totaled.”

If the insurance covers only the actual value of the vehicle, the claim will be limited to the actual value amount less any deductible. If the insurance covers the replacement value, the claim will be up to the cost of a new vehicle of the same model and type, less any deductible.

One thing to consider is how much and how quickly the value of a new car goes down. It is said that a buyer loses a few thousand dollars of value simply by driving a vehicle off the dealer’s lot.

A Wise Strategy to Consider

One strategy to discuss with your insurance agent is how to choose a deductible and balance this amount with the premiums for replacement cost coverage. The cleverness of this strategy is that the deductible limits the amount of loss to a certain figure and a new car of the same type replaces a vehicle that is totally damaged. Even in the worst-case scenario, you know how much it will cost.

Each year it is a good idea to conduct an auto insurance review to make sure your coverage is adequate. Contact your agent at XL Brokerage Inc. in Selden, NY for a quote for any auto insurance needs and to see how replacement cost coverage is well worth considering.

What to do when your check engine light comes on

The Check Engine light is a confusing and often frightening indicator on your dashboard, explains XL Brokerage Inc. serving Selden, NY. It can mean anything from a loose gas cap to something so serious that you need to pull over to the side of the road, stop, and call for a tow.

If the check engine light comes on, it will either blink or shine red or shine constantly or shine yellow or orange. If the light is blinking or shining red, it’s time to stop and call for a tow. If the light is shining steadily or orange or red, the problem isn’t immediate but needs to be looked at as soon as possible.

When the check engine light comes on, the vehicle’s computer, which controls almost all aspects of engine performance and sometimes how the transmission shifts, will store a trouble code. Any mechanic’s shop has the equipment to read the code that would point a trained technician to the problem’s source. One can also pick up a relatively inexpensive code reader if one is a do-it-yourselfer.

However, unless the problem is a loose gas cap, something one can check right away, the cause of the check engine light is something that only a professional will be able to track down and fix. Ignoring something that causes the light to come on is the worst of bad ideas. More than likely, the problem will get worse, and the engine will take on more damage, adding potentially thousands of dollars to the eventual repair bill. It is best to get one’s vehicle to a repair shop as soon as possible.

If you have any other questions about car insurance, contact XL Brokerage Inc. serving Selden, NY

Why does my lender require auto insurance?

One of the biggest purchases that you will ever make is when you buy a new or used car. When you are shopping for a car, you may find that they are too expensive to buy in cash. In these situations, you likely will require a loan to finance the purchase of the car. If you do take out a loan, you will have some responsibilities that need to be followed. One important responsibility that you need to comply with is the requirement to carry auto insurance. There are several reasons why your lender will require that you carry insurance at all times. 

Ensures Legal Compliance

One reason why your lender will want you to have auto insurance is that it will ensure that you stay in compliance with the law. All lenders will want you to have a valid license and stay in compliance with the law. Lenders are also aware that states have minimum auto insurance requirements. Because of this, they will want you to have liability insurance coverage at all times.

Protects Collateral

Your lender will also need to make sure that their collateral is properly protected. The lender will need to confirm that you have a full collision and comprehensive coverage policy at all times. This will help to ensure that their collateral is protected in the event of theft, vandalism or another issue that could cause a loss. 

If you need to get auto insurance for your Selden, NY area vehicle, you should speak with XL Brokerage Inc. first. The team at XL Brokerage Inc. can help you to review your loan agreement to figure out what your auto insurance requirements are. This will help to ensure that you have the right coverage for your Selden, NY area vehicle. 

Why some cars are cheaper to insure than others

There are a lot of factors involved when insurance companies set the rate for coverage on your car. Your age and driving history has a lot to do with it, but the car itself can go a long way in determining the cost of insurance. The XL Brokerage Inc. insurance agency in Selden, NY offers a variety of plans and can help you get the best coverage for your situation.

One factor is whether replacement parts are expensive. An export with expensive parts is going to cost more than a basic sedan made in the United States for that reason. Also, the popularity of the car, especially among thieves, has an impact.  Older cars are often less expensive to get insurance for, but an exotic sports car that is older will still cost more.

Sports cars, in general, cost more to insure than regular sedans. A special sports package on a sedan can also hike up the rates.  Sports cars go faster, and are often driven by younger people, and tend to have the most accidents. 

Expensive cars often have higher insurance rates as well because of the cost of replacing or repairing them. Parts cost more for a luxury car, so that makes the rates go up. Electric cars also have higher insurance rates because of the cost of the vehicle and the cost of repairs.

Trucks are often more expensive than cars in general, and the insurance rates are higher as well.  

The cheapest new car to insure would be a basic sedan or coupe. A lower cost car would also be cheaper to ensure. The website says the Subaru Outback, Ford Escape, and Chevy Equinox are the cheapest cars to insure.

The XL Brokerage Inc. firm in Selden, NY has all the information you need to help you decide which car to get, and they have the policies to give you coverage once you have the car you want.