New York auto insurance information
The laws and requirements for insurance for vehicles are complicated, and vary from state to state. The state of New York has some complicated requirements and options that you must be aware of. These include:
All states have certain options for liability coverage, aka, the most basic coverage. New York state law requires $25,000 to $100,000 in coverage. These costs cover bodily injury liability and any type of property damage that should occur during an accident. The state has different requirements for bodily injury liability limits. The minimums for bodily liability limits are twice as much as the liability coverage. The dollar amount that is required is $50,000/$100,000.
Personal Injury Protection
The PIP or the Personal injury protection is required in New York. This is an extended type of auto coverage, which assists the medical costs and also helps in covering the lost wages and other miscellaneous charges.
Medical Coverage
The state of New York is referred to as a “no-fault” state, since all residents that have New York auto insurance are required to have this coverage. This option covers any type of medical costs; however policy holders don’t like paying for this insurance because it can be quite costly.
Underinsured or uninsured Motorist Coverage
Motorist coverage is optional in some states, but required in New York. The insured is covered up to the limits they have purchased, even if the other party in the accident has no insurance. This kind of insurance is also ideal for the event of a hit and run and similar cases.
Other Auto Insurance Requirements in New York
In the state of New York State you must make sure your insurance remains in effect while a vehicle is registered. It does not matter if you are driving the car or not, you have to turn in the plates. The state laws require that the drivers have insurance while they are in the state and their insurances must be in the registered owner name.