Last Updated on March 25, 2021
New York Central Mutual (NYCM) is a New York-based home and car insurance provider.
The company sells insurance throughout New York, using a network of agents to cover all types of homeowners and drivers.
Is New York Central Mutual good for auto insurance? Should you buy a car insurance policy through New York Central Mutual? Find out everything you need to know about NYCM today in our review.
About New York Central Mutual
New York Central Mutual is a property and casualty insurance company founded in 1899. The company is based in central New York and employs 800 people across the state.
Backed by 120+ years of experience, New York Central Mutual continues to insure thousands of homeowners and drivers across the state.
The company was founded in 1899 by VanNess DeMar Robinson. Today, VanNess’s great-grandson, V. Daniel Robinson, serves as President and CEO of New York Central Mutual.
New York Central Mutual is headquartered in Edmeston, New York. The company maintains branch offices in Sherburne, Amsterdam, and Buffalo, New York.
New York Central Mutual was originally known as the New York Central Mutual Fire Insurance Company. The company chose a train as its logo to represent strength and security.
| NYCM Contact Info | |
|---|---|
| Address | 1899 Central Plaza E, Edmeston, NY 13335 |
| Phone Number | 800-234-6926 |
| Email Address | insuranceproducts@nycm.com |
| Website URL | https://www.nycm.com/ |
New York Central Mutual Insurance Products & Services
New York Central Mutual is a property and casualty insurance company offering auto insurance, homeowners insurance, business insurance, and other insurance products.
Core insurance products available through New York Central Mutual include:
Auto Insurance: New York Central Mutual sells car insurance throughout New York. You can buy minimum liability insurance plans with New York Central Mutual. Or, you can buy full coverage car insurance. Generally, New York Central Mutual has higher prices than its competitors, but drivers can take advantage of discounts to save money.
Homeowners Insurance: New York Central Mutual offers homeowners insurance to protect your property, possessions, and dwelling. New York Central Mutual insures thousands of homes and homeowners across New York.
Commercial Insurance: New York Central Mutual offers commercial insurance for small and large business owners. The company offers business owners policies to small businesses, commercial insurance policies for larger businesses, and other insurance products. Business owners can buy the Highliner Policy (for rental dwelling property insurance) or the Silverstreak Policy (for small businesses) through New York Central Mutual.
Renters Insurance: Renters can protect their possessions and liability even if they don’t own their homes. New York Central Mutual offers renters insurance throughout New York.
Umbrella Insurance: New York Central Mutual offers umbrella insurance throughout New York, allowing policyholders to get added protection for their assets against liability.
How Does New York Central Mutual Auto Insurance Work?
New York Central Mutual insures thousands of drivers across New York. The company offers everything from bare minimum liability insurance plans to full coverage plans.
Here are some of the auto insurance coverages available through New York Central Mutual:
Bodily Injury Liability Coverage: Required in New York and most other states, bodily injury liability coverage covers damage you cause to other people in an accident. It can cover medical bills, lost wages, and other damages for which you are liable after an accident.
Property Damage Liability Coverage: Also required in New York and most other states, property damage liability coverage covers damage you inflict to other people’s property – like their home or vehicle – in an at-fault accident.
Personal Injury Protection: Personal injury protection (PIP) is required in some states (although it’s not required in New York). Personal injury protection covers medical bills and similar expenses after an accident, regardless of fault.
Uninsured and Underinsured Motorist Coverage: Approximately 5% of drivers in New York are uninsured. Although that’s one of the lowest rates in the country, New York Central Mutual sells uninsured and underinsured motorist coverage for added protection.
Roadside Assistance: New York Central Mutual offers roadside assistance coverage, giving you 24/7/365 protection while driving anywhere in the United States.
Collision & Comprehensive Coverage: Collision and comprehensive coverage give your vehicle full coverage against damages. Collision coverage covers damage from an accident where you are at fault, while comprehensive coverage covers damage that occurs outside of an accident.
What Makes New York Central Mutual Unique?
Drivers in New York have hundreds of options for car insurance. You can choose small, local companies like New York Central Mutual. Or, you can choose larger, nationwide providers.
What makes New York Central Mutual unique? Why choose New York Central Mutual? Here are some of the things that make the company unique:
120+ Years of Experience in New York: New York Central Mutual was founded in central New York in 1899. The company has over 120 years of experience insuring policyholders across the state.
Local Service: New York Central Mutual employs 800 people in New York while maintaining multiple offices throughout the state. Many policyholders like the experience of dealing with a local, New York-based agent for their insurance needs – instead of a faceless nationwide firm.
Higher Prices: New York Central Mutual offers higher prices than most of its competitors in New York. Car insurance is already expensive in New York, and many find the company’s policies to be significantly more expensive than the competition, especially if you don’t qualify for discounts.
Popular in Central New York: Based in the small town of Edmeston, New York, NYCM has a strong presence in central New York. The company also maintains offices in Buffalo, Amsterdam, and Sherburne, New York. NYCM serves drivers across the state, but they have a particularly strong presence in central New York.
Extensive Discounts: New York Central Mutual has high prices for most drivers, although drivers who take advantage of discounts can save hundreds per year. Some insurance companies charge low rates and have few discounts. New York Central Mutual takes a different approach, charging high rates while providing big discounts. Drivers can save up to 55% by taking advantage of NYCM’s extensive range of discounts.
Strong Customer Service: New York Central Mutual has strong ratings for customer service and claims satisfaction.
New York Central Mutual Auto Insurance Discounts
New York Central Mutual offers a range of discounts that can drop the price of your policy as much as 55%.
Discounts available through New York Central Mutual include:
Electronic Payment Discount: If you pay your premiums electronically, you’ll get a discount on car insurance.
Driver Safety Training Course Discount: If you take an approved driver safety training course, then you can receive a discount on car insurance.
Student Away at School Discount: NYCM provides discounts to insured students who are living away from home while attending school full-time.
Safety Feature Discounts: Get discounts for airbags, anti-lock brakes, anti-theft devices, daytime running lights, and other safety features.
Bundling Discounts: NYCM offers homeowners insurance, renters insurance, auto insurance, and other insurance products. Bundling multiple policies together can save you money across all policies.
Homeowner Discount: Statistically, homeowners are less risky to insure than renters. NYCM provides a discount just for being a homeowner.
Paid in Full Discount: Paying your policy in full upfront (instead of monthly) can get you a discount on insurance.
Good Student Discount: Students who maintain an average of B or better could qualify for NYCM’s good student discount.
Clean History Discount: Drivers with a clean driving record with no speeding tickets or at-fault accidents could save on NYCM auto insurance.
New York Central Mutual Reviews: What Do Customers Have to Say?
New York Central Mutual is not one of the largest insurance companies in the United States or in any subregions, so it does not appear on J.D. Power’s annual insurance company rankings.
However, New York Central Mutual has a rating of A (Excellent) from A.M. Best, which assesses the financial strength of insurance companies. A rating of A is considered very good, especially for smaller companies like NYCM. A strong financial rating indicates that NYCM should have no trouble covering its liabilities in the near future.
New York Central Mutual has a rating of A+ on its Better Business Bureau page.
Independent review websites have mixed ratings for New York Central Mutual. Clearsurance reviews have given NYCM an average rating of 3.82 stars out of 5, for example, while WalletHub awarded NYCM a rating of 2.5 stars out of 5 based on 200+ reviews.
Overall, customers agree that New York Central Mutual provides effective car insurance and strong customer service to drivers across New York. Although some drivers feel NYCM has high prices, others are happy with the discounts they receive.
Final Word on New York Central Mutual
New York Central Mutual is a New York-based insurance company that specializes in auto insurance, property insurance, and commercial insurance.
Backed by 120+ years of experience, New York Central Mutual continues to insure thousands of drivers across New York. Request a quote online or learn more by visiting NYCM.com.
