Tired of paying too much for your auto insurance in New York? Looking to find the most coverage for the least amount of money? We can help! In about three minutes, you can save as much as 70% on your New York auto insurance rates by getting no obligation free quotes online.
New York Car Insurance Requirements
New York car insurance system is set up as a No-Fault system. This means that regardless of who is at fault in the accident, your insurance company will pay for injuries and damages that are sustained. This also means that if your insurance company has to pay, your premiums will probably rise. This is a very good incentive to stay out of accidents.
The minimum requirement for car insurance in New York is 25/50/10 with a Personal Injury Protection or (PIP) of $50,000 and a uninsured/underinsured rider of 25/50. This is a lot of insurance coverage for a minimum. Many states have requirements of 15/30/10 and do not require the other two riders.
If you are asking yourself what all these numbers mean, it actually is a very simple equation. The first sets of numbers are for your bodily injury coverage. The number 25 represents $25,000 in insurance to pay for medical expenses and/or funeral expenses to be paid per person when it is found that the injuries were caused by the accident. The number 50 is $50,000. This is for medical expenses and/or funeral expenses to be paid per accident, regardless of how many people were injured.
The number 10 stands for $10,000. This is the amount that the insurance company will pay out for repairs to any property that was damaged in the accident. Be aware this pays for the folks injured by you and your vehicle, not your personal injuries or car damages.
The term No-Fault does not mean you will not get a citation if you are found to have made an error in your driving which caused the accident. It simply means the people who were injured cannot sue you for damages.
The Personal Injury Protection pays for injuries that occurred due to the accident. This is for you and people in your vehicle. This pays no matter who caused the accident.
The last set of numbers refers to your protection if a person does not have insurance or does not have enough insurance to cover all the costs. In the case where this happens your insurance will pay up to $25,000 if the person does not have car insurance and up to $50,000 if they do not have enough insurance to cover all the expenses.
New York may be full of, what seems to be, people with harsh attitudes, but the legislature makes sure that you are taken care of in the event of an accident by having these minimum car insurance requirements. In the end, it really takes a huge amount of empathy and compassion to come up with these regulations. Start a free auto insurance quote request by entering your zip code above, and find out how much you can save today with LowestQuotes.com. Whether you are looking to find cheap car insurance in Brooklyn or Albany, you can find the lowest rates online by comparing discounted quotes from leading insurance companies.
New York has one of the highest insurance rates in the country. While the national auto insurance average rate is $1,420 per year, according to New York State Insurance Department, NY drivers pay an average of $2,770 per year to insure their vehicles in New York. Although, this may seem dire to most of us, it is still possible to find cheap car insurance in NY because not all auto insurance companies offer similar rates. Due to intense competition among leading insurance companies in the last 6 months, you may be able to reduce your auto insurance premiums by more than 50% simply by switching from one company to the other. So make sure to compare rates online if you want to find the cheapest car insurance in New York.
MOST STOLEN VEHICLES IN NEW YORK:
2002 Honda Civic
2001 Honda Accord
2003 Toyota Camry
2005 Nissan Altima
2009 Toyota Corolla
2003 Ford Explorer
2003 Dodge Caravan
2004 Nissan Maxima
2005 Jeep Cherokee