Rates to insure used cars in New York are still cheaper than they were in October, according to an industry forecast, but consumers should still consider researching quotes over the next several months to find the best deal before premiums could increase.

“It’s unlikely rates will change significantly in the second half of the year,” said Sam Belden, Insurance.com vice president. “Before rates start to climb, consumers should invest 30 to 60 minutes comparing car insurance quotes.”

The company found that there was a slight uptick in insurance rates in June, although prices were still lower than they were in late 2008.

Students who may be considering used cars in New York because of price concerns (as a cheaper alternative?) can also benefit from researching insurance options that can lessen the high premiums imposed by insurance companies on younger drivers.

Teenage motorists can reduce their rates by maintaining good grades in school, and they could also save by enrolling in driver’s education courses as well.

They may also find that premiums are lower if they drive used cars because insurance companies may think that there could be lower repair costs if a car is damaged in an accident.