Auto Insurance in New York (NY)
There were 1493 fatalities caused by car accidents in New York in 2004 alone. While we cannot protect ourselves and our families from dangers on the road, we can make sure that they are financially covered by a good car insurance policy, backed by a reliable insurance company.
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Auto Insurance Coverage Requirements in New York (NY)
New York requires its drivers to purchase insurance coverage at a minimum of the following amounts:
- $25,000 per person for bodily injury coverage
- $50,000 for everyone injured
- $100,000 in death coverage for up to two victims of an auto accident
- $10,000 minimum property coverage per accident
- $50,000 no fault insurance per person
- $2000 per month in lost wages compensation for up to three years
When you are buying auto insurance, you should remember that these are only minimum requirements. Most industry professionals recommend levels substantially above the minimum to adequately cover accident costs. After all, you don't want to have to pay out-of-pocket for expenses that could be covered by auto insurance.
Auto Insurance Providers in New York
Auto accidents cost New York taxpayers more than $19 billion dollars every year. To combat these costs preventatively, New York has a highway safety program budget of over $19 million for enforcement and education. While New York takes these financial measures, it is still important to have auto insurance coverage. The following companies provide auto insurance to New York citizens:
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Get More Auto Insurance Information For New York
If you have any questions or would like more information, please contact the Department of Auto Insurance and DMV of New York at:
New York State Department of Motor Vehicles
6 Empire State Plaza Room 430
Albany, New York 12228
www.nydmv.state.ny.us
*Auto Insurance Options is a free information resource that provides content on auto insurance products and policies for informational purposes only, but is not an agency or insurer. Products and policies may not be available in all states.
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