The hustle and bustle of New York commuting combined with the slush, snow, and ice on the roads in the wintertime make superior auto insurance in New York a must. The proper New York auto insurance coverage is extremely important.
New York Auto Insurance Requirements
New York State is a No Fault auto insurance state, New York changed to this system to keep down the enormous about of car accident lawsuits within the courts and to keep New York auto insurance costs as low as possible.
No fault states require their motorists to carry Personal Injury Protection, this insurance (PIP) will provide funds for the motorist to use in the event of getting injured and needing medical car, funds for loss wages or death benefits without having to determine who was at fault.
However, there is a maximum that will be paid out and any expenses that go over this maximum amount will be the responsibility of the driver who was at fault. Therefore, the State of New York requires that its motorist carry Bodily Injury Liability and Property Damage Protection at least at the basic limits set forth by to cover the extra costs if they were deemed at fault. The minimum levels of coverage set forth by the State of New York are 25/50/10.
- Bodily Injury Liability – Bodily Injury Liability coverage by New York auto insurance companies pay out up to $25,000 for a single individual’s medical care expenses should the insured deemed to be at fault.
- A total amount of $50,000 will be paid out in the case that more than one individual was hurt in the accident.
- Property Damage Liability – The at fault driver’s New York auto insurance policy will pay out up to $10,000 for damage to the other vehicle, public property, such as traffic signs and street polls, and damage to private property such as homes and yards.
More than likely these minimum requirements will be insufficient to cover the costs of larger accidents and therefore the State of New York recommends that its motorists take out larger liability insurance policies.
New York State also recommends that its motorist carry Comprehensive and Collision coverage to protect their own cars in the event they were found to be at fault. Comprehensive and Collision coverage would also cover damages to the car sustained by the weather and other natural events and it will cover damage caused by the wildlife.
