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Several types of auto insurance are required to drive a vehicle in New York. Whether you are a new car owner or recently moved to the Empire State, keep in mind that New York uses a “no-fault” system. This means that both parties’ insurance companies pay for damages in the event of an accident, instead of one party suing the other. Purchasing more car insurance than the minimum is recommended to ensure you have enough coverage.

Learn more about the different types of auto insurance in New York below:

No-Fault

No-fault car insurance is a New York driving requirement to help you pay for accident-related costs, even if the collision was your doing. Basic no-fault insurance features a limit of $50,000 and covers medical expenses from the accident, as well as 80 percent of lost income due to accident injuries. Loss of income coverage pays up to $2,000 per month for no more than three years. No-fault coverage also provides up to $25 a day for household help and expenses and includes a $2,000 death benefit in addition to the $50,000 coverage limit. auto insurance

Property Damage Liability

Liability auto insurance for New York residents pays for any injuries sustained by the other driver, as well as any vehicle damages. It does not cover personal injuries or damages. This type of coverage in New York requires a minimum of $25,000 for injuries to an individual, $50,000 for the death of an individual or injuries to several people, and $10,000 in property damage. Liability insurance for New York drivers also must include $100,000 for the deaths of several people. 

Uninsured Motorist

Uninsured motorist coverage is the final insurance requirement for driving in New York. It covers injuries, not property damage, and requires a minimum of $25,000 for injuries to one person and $50,000 for injuries to several individuals. Purchasing SUM (Supplementary Uninsured/Underinsured Motorists) is also an option; it covers up to $500,000 per accident.

Optional coverage options for New York drivers include personal injury protection, collision, comprehensive, medical payments coverage, and accidental death and dismemberment. While these policies are not required, they may make sense for your situation. Determine your coverage needs with the help of a trustworthy insurance broker. 

 

Discuss your auto insurance requirements with the friendly, knowledgeable team at P.D.H. Insurance Brokerage to get the best possible coverage. Proudly serving Valley Stream, NY, and the surrounding areas, these insurance brokers put over 30 years of experience to work for you by providing the most affordable rates. Call (516) 561-5227 to receive a quote or visit their website for more information.

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