Every state has their own rules and regulations regarding car insurance. The one thing that is the same is that every state requires you to have car insurance and each one requires you to have liability coverage. That is where the commonalities stop. Each state lists the coverage you must have to operate a vehicle on their highways and byways but the amount of the liability differs from state to state. Here is what you need to know about New York car insurance.
All drivers who have vehicles registered in New York have to have liability insurance, uninsured motorist coverage, and no-fault insurance.
The liability insurance that you must carry is in the following amounts:
- $25,000 to cover injuries to a one single person
- $50,000 for any injuries to more than one person
- $50,000 to cover death expenses for one person
- $100,000 to cover the death expenses or more than one person
- $10,000 to cover property damage
You must have uninsured motorist coverage in case you are involved in an accident and the other person does not have insurance. You must have at least $25,000 coverage that will take care of the injuries for a single person and $50,000 for injuries that could be required for more than one person. This coverage does not pertain to property damage of any kind.
You can add supplementary uninsured motorist coverage that will raise those limits up to $250,000 for each person, per accident or $500,000 for each accident.
No-fault insurance is required by drivers in New York to help with accidents when it doesn’t matter whose fault it is. The basic coverage for no-fault insurance has a limit of $50,000 for each person for their medical expenses, income replacement of 80% if they cannot work because of the accident and up to $25 per day for extra help or expenses the person may need. There is also a death benefit above the $50,000 limit which is an additional $2,000.
Your no-fault coverage will pay for your medical expenses before your own health insurance will. If you still have expenses after your no-fault insurance pays for them then your own health insurance will finish paying for them.
Make sure you speak to your insurance agent about additional coverage you may wish to add to your policy including comprehensive and collision insurance on your vehicles.