subject: Mandatory New York Automobile Insurance Coverage [print this page] New York is a no-fault automobile insurance state and requires insurance in the car owner's name to issue current vehicle license plates. To protect its citizens the state requires all drivers to be financially responsible; this is done through mandatory insurance requirements. These requirements include insurance for uninsured motorists, liability and no-fault personal injury protection with a certain minimum dollar value. To fully protect themselves auto owners may add other New York auto insurance coverage or increase the amount of mandatory insurance they carry.
Getting a New York auto insurance quote for uninsured motorist coverage is easy. This coverage protects the driver and passengers in a car if a motorist who is uninsured injures them or a hit-and-run driver. This insurance only covers occupants of the car or pedestrians; damage to the vehicle or other property is not covered. Liability insurance protects the car owner and the driver against claims from someone injured or from property damage. The minimum state required limits are $25,000 for bodily injury, $50,000 for death of one person, $100,000 for the deaths of two or more people and $10,000 for property damage per accident. No-fault benefits personal injury protection for New York city auto insurance was designed to promptly pay medical bills or lost earnings of the injured no matter who is at fault. This protects injured people and provides compensation for medical treatment and lost wages during any legal battles. Injured people can collect up to $50,000 per person under the minimum requirements.
People often increase their liability limits for bodily injury, property damage and no-fault personal injury protection with their New York auto insurance coverage. Increasing uninsured motorist and including underinsured motorist is a wise financial move. New York auto insurance companies offer complete coverage including collision and comprehensive; this is insurance on the vehicle. By increasing the deductibles, the driver can reduce the New York auto insurance quotes.
A comprehensive New York auto insurance plan may include medical payments, accidental death and dismemberment, gap coverage and supplemental spousal liability insurance. Gap insurance is a financial insurance policy designed to pay the finance company in full if the value of the car or truck is less than the balance owed. Additional optional coverage may be available including towing and labor, rental and mechanical breakdown. A New York auto insurance company will review the requested coverage, deductibles and liability limits and quote New York auto insurance rates for different scenarios.
Each vehicle owner in the state of New York is required to carry certain insurance on the auto to protect themselves, other people and other property. This New York auto insurance should be a part of all auto owners future financial plans. If there is a claim, the insurance company will pay.
Mandatory New York Automobile Insurance Coverage
By: Miles Henry
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