When choosing New York personal auto insurance, it is imperative that you find the type of coverage that fits you, your needs, and your life. While all of this is important, it is also imperative that you consider the state requirements – as it pertains to automobile insurance. These are considered the “minimums”. It is true that you have the capability of purchasing additional coverages and limits in order to enhance the protection of your vehicle and yourself. In this guide, you will learn about the minimum state requirements of New York.
Bodily Injury Liability
This type of coverage helps cover expenses that are directly related to the injury or the death of a pedestrian or another driver when you are in an accident and it is considered your fault. In the State of New York, it is required that you carry $25,000 limit on each person and $50,000 per accident. Supplementary liability is required in accidents that have injuries that result in death.
Personal Injury Protection
This coverage protects you and/or the passengers in your vehicle if they are hurt in an accident. It aids in covering medical expenses or any incurred funeral expenses. In New York, there is a $50,000 limit requirement.
Property Damage Liability
When purchasing personal auto insurance in New York, you will be required to have this coverage. This aids in the coverage of another’s property when you are in an accident that is your fault. The coverage may be applied to vehicles, homes, and other types of structures. New York imposes a minimum limit of $10,000.
Uninsured Motorist
If you are in an accident that is the other person’s fault and they do not have insurance, this will help in covering any medical costs that you have. New York requires a $25,000 limit on each person/$50,000 maximum limit for each accident.
Underinsured Motorist
If you become involved in an accident and the other person is at fault – yet they do not possess enough liability coverage – this will help cover expenses. New York requires this, but it is actually grouped within the coverage for uninsured motorist.
Comprehensive and Collision
These are not required in New York; however, if you are financing or leasing a vehicle, the lender may require you to carry these coverages. These help in covering a vehicle’s repair or replacement if it is has been damaged or stolen and to replace a vehicle that has been damaged in an accident, respectively. Both are considered to be wonderful types of coverage as they offer complete protection.
Get Covered Today
If you require personal auto insurance in New York, we here at Modica Insurance and ready to find the best coverage for your needs at the lowest price! In addition to car insurance, we also offer commercial insurance, insurance for your home, and we even have a special Brownstone insurance program. To learn more and to obtain the highest quality insurance in the State of New York, call us today at: 718-855-1836