Find Out About New York Auto Insurance Laws

The law requires that the liability coverage you carry is a minimum 25/50/10.  Liability insurance covers the cost of injuries and damage that you cause to another in an accident.  You are required to carry $25,000 per person for injuries you cause to the other party, up to $50,000 for all, and $10,000 for damage you cause to property.  These bodily injury minimums are raised to 50/100 should a death occur as a result of the accident.

Personal injury protection is often referred to as PIP.  You are required to carry a minimum of $50,000 PIP coverage.  This is also referred to as no fault insurance because should an accident occur your PIP helps pay for the cost of your injuries, regardless of who was at fault for the accident.  The disadvantage to no fault insurance is that you cannot sue the other driver unless the injuries or life threatening or death occurs.

PIP benefits cover lost wages, medical expenses, and death benefits. You can buy optional coverage over the $50,000 basic required by law. 

Uninsured motorist bodily injury coverage is also required with a minimum liability of 25/50.  If you are in an accident with a driver that is not carrying liability insurance this is the portion of your policy that will cover you. 

You can also purchase optional coverages such as collision, comprehensive coverage.  The cost of these can vary depending on the deductible you choose and the company your purchase from, so be sure to get Online Insurance Quotes to make sure you are getting the best rates possible.

The rates for New York drivers is set by the behavior of the entire states drivers as a whole.  The cost of providing insurance to New York drivers is divided among all drivers.  This includes the cost of settlements and legal fees. 

However, that doesn’t mean they are spread evenly.  If you have a poor driving record or traffic violations you will pay more.  Your age, where you live, what type of vehicle you have, and how far you drive will also play a role in determining your insurance rates.

Each insurance company calculates the percentage differently so it really does pay to shop around and see who can give you the best rates.  All insurance companies are not created equal.

A quick search online will allow you to get Online Insurance Quotes so you can make the right decision.  So why wait, why not start saving right now by getting cheap insurance online and getting your free online insurance quote?