Like other states in United States of America, New York has its own car insurance rules and regulations. These laws are there to protect drivers on the road. It is illegal to drive without car insurance in New York. Every driver needs safe, reliable and low-cost auto insurance while driving on New York roads. On average, New York is one of the more expensive states to insure an automobile thanks to the large population and moderate vehicle theft and crash rates. Do you want to learn how insurancemozo.com can save you money on your auto insurance in New York? At insurancemozo.com we are experts on the New York car insurance environment. We understand the value of important information necessary to find the Best New York Car Insurance for you. The below information will help you find the cheapest auto insurance rates in New York.
What are the minimum New York Car Insurance Requirements?
In terms of car insurance, Liability insurance usually includes two types of coverage – property damage liability insurance and bodily injury liability insurance.
The state minimums for liability insurance in the state of New York are:
$25,000 per person / 50,000 per accident for injury
$50,000 per person / 100,000 per accident for death
$10,000 for property damage caused by any one accident
$50,000 for basic no-fault insurance
$25,000 per person / 50,000 per accident for uninsured/underinsured motorist
As you can see, these limits are quite low and you should always consider more coverage than state minimums.
Is New York No Fault State?
The state of New York follows what they call a “no fault” system. This means that if you are involved in an accident, your insurance company will pay for any damages to you, regardless of who is at fault. Simply put, if you get into a car accident in New York, your insurance covers you and the other person’s insurance covers them.
In the state of New York, you must carry $50,000 minimum in basic no-fault insurance coverage. These no fault laws make it illegal for New York drivers to drive without insurance or even have somebody else drive their vehicle without insurance. Penalties for doing can include license suspension, loss of vehicle registration, fines, and/or tickets.
Should I buy Uninsured/Underinsured Motorist (UM/UIM ) protection in New York ?
Suppose you carry certain car insurance policy and suddenly meet an accident in New York. Now what will happen if the other party doesn’t carry car insurance policy? Who will pay for the claims of uninsured party? To cover up such circumstances UM/UIM car insurance protection is there.
Without UM/UIM car insurance protection if you are involved in an accident with somebody who has inadequate insurance you will have to pay all the charges. On the other hand having this car insurance protection means that your insurer will pay all the charges. In New York it is compulsory for all drivers to have this car insurance. Uninsured/Underinsured Motorist Coverage is required by law in the state of New York in the amount of $25,000 per person or $50,000 per accident for bodily injury.
What kind of Penalties for driving without insurance in New York?
As stated above, automobile insurance is required by law in New York state. Your insurance company will issue you an identification card that you shall carry with you at all times. If your coverage ends at any time for any reason (payment lapse, etc), your insurance provider is required by law to notify the state.
If you are caught operating an uninsured automobile or if you allow another person to drive your uninsured automobile, your license will be revoked for at least one year. This penalty also applies in the case you are involved in an accident without insurance. In addition to license suspensions, monetary fines and even jail time are given to those caught driving without insurance.
What kinds of car insurance discounts are available in New York ?
It is expensive to insure an automobile in New York as compared to other states. However that doesn’t mean that there aren’t some ways that can save some money and bring those insurance costs down. insurancemozo.com helps you to reduce insurance premiums and get the maximum discounts possible .
There are various discounts available in New York such as Bundle Discount, where person bundles multiple cars, home, life and other insurances from same insurer,Safe driver discount,Safety equipment discounts , when your car has some security alarm or gps tracking device, new car discount , etc.
Try to leverage any demographic discounts that your car insurance company might offer, including those related to age, marital status, being a student and more. Every insurer has a variety of discounts and rebates that they don’t advertise heavily, which means it becomes customer’s responsibility to find these discounts and take advantage of them. Please review several discounts available here and ask insurance provider at the time of insurance if you can qualify for one.
How do I get a best Car Insurance Quote in New York?
Your best option to find the most affordable car insurance coverage in New York is to always start an auto insurance quote comparison search online. Just enter your ZIP code above to get FREE auto insurance quotes today.
Note – We are not in any way contacted with the New York Department Of Insurance. If you are unsure of any law or regulation stated on this page, please contact them.
New York Dept. of Insurance
25 Beaver St.
New York, NY 10004
Phone: 1-212-480-6400
Web Site: http://www.dfs.ny.gov/
