New york auto insurance
New York auto insurance is expensive, so you should make sure you understand the coverage you're paying for.
Explains New York car insurance regulations and requirements
Describes how New York auto insurance rates are decided
Shows you how you can save money by comparing multiple quotes
New York auto insurance laws
New York auto insurance laws require that all drivers carry auto liability coverage, uninsured motorist bodily injury
coverage, and personal injury protection (PIP) in order to register a vehicle.
Liability insurance helps cover the cost of injuries and damage that you may cause to another, and is required at a minimum
of 25/50/10. (That's $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 the other party's property.) These bodily injury minimums are raised to 50/100 should death result
from an accident.
Uninsured motorist bodily injury coverage is required at the same minimums as liability, 25/50. This policy covers the cost
of your injuries should you be struck by a driver without liability insurance.
Finally, basic PIP coverage is required in the amount of $50,000. This policy is also called no fault insurance, because,
in the event of an accident, it helps pay for the cost of your injuries, regardless of who was at fault for the accident.
However, no fault laws will also prevent you from suing for damages unless serious injury or death resulted from the accident.
New York auto insurance companies will also offer optional coverages such as collision, comprehensive,medical expenses,
and underinsured motorists coverage.
How New York car insurance rates are set
The price of New York auto insurance is decided by the behavior of the state's drivers as a whole. New York auto
insurance companies take the cost of insuring New York drivers (this includes settlements and legal fees) and divide it up
among the drivers.
But these costs aren't spread around evenly. Instead, the percentage you pay is decided by things like your driving record,
your age, where you live, and the kind of car you drive.
Of course, not all insurance companies compute their figures in the same manner. So they'll charge different rates on the
same driver.
What this means for you as a driver, is that you need to shop the different rates for the best deal. It's the fastest
easiest way to save on an New York auto insurance policy.
Where you can get New York auto insurance quotes?
For low auto insurance in New York, request an auto insurance quote
for your city or these other cities in New York its fast and easy.
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