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New York Car Insurance (NY)New York and New Yorkers are known for their pace. People who live there - especially in and around New York City - are people who have chosen a life style that whisks them along. There is a lot happening in New York and those of us who are out to enjoy as much of it as possible are on the move. If you are a New Yorker who is out in the middle of that rushing mainstream driving a car, you should understand what state law requires of you in terms of insurance coverage. New York Car Insurance RequirementsNew York is a no-fault state, which means that in the event of an accident, you will be ccovered without ever having to determine fault. Every driver must carry a minimum of $25,000 in bodily injury coverage for an individual, and $50,000 in bodily injury for the entire accident. It also requires Supplementary Uninsured Motorist (SUM) coverage in the same amounts. New York drivers must also carry a minimum of $10,000 in property damage coverage for any single accident.Within the state's mandated car insurance, there is no coverage for you and your car in an accident that is your fault. Collision and comprehensive coverage will pay for damages to your car. Collision coverage pays for your auto repairs resulting from an accident that is your fault. Comprehensive coverage pays for damage to your car from events other than accidents, such as storm or fire damage, theft, or vandalism. Additional Car Insurance Coverage in New YorkAs an added layer of protection, you may also want to purchase coverage to protect you from uninsured or underinsured drivers. This type of coverage is meant to pay for injury related expenses incurred by you and your passengers in a collision with a driver that is uninsured, or whose insurance is insufficient to pay your expenses. Medical payments insurance is another option that you may want to consider. This portion of your car insurance policy pays for injury-related costs incurred by you and your passengers, regardless of who is at fault. At times, this coverage can overlap other components of your policy; however there are instances where it might be an important resource. Some medical payments insurance coverage will include such things as wage loss compensation, rehabilitation costs, or in-home care. Given the high costs of medical treatment today, many drivers carry coverage that exceeds required limits. State requirements represent a good starting point when purchasing coverage, but you should purchase the highest limits of coverage you can afford. Car Insurance in New York CitiesLearn more about car insurance specifically in New York City. * Cars-Insured.net is not a broker, insurance agent, or carrier. The content on the site is for informational purposes only. Products and services described may not be available in all states. |
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