Every state has different insurance requirements that must be met by law.
This is not different when it comes to New York.
If you are someone who is going to be moving to New York shortly or in the not too distant future it is very important that you know what the legal car insurance requirements in New York are so you can avoid having to pay one of those costly fines.
Amount of Insurance Required
The state of New York requires that all drivers have a minimum of $25,000 for liability insurance for bodily harm to one person and $50,000 for bodily injury for all people. Additionally, you must also have $10,000 for property damage in the event of an accident. However, if you wish to have more coverage you should do so but you must at least have the minimum amount required. Furthermore, New York wants their drivers to have coverage of $50,000 for no fault.
Uninsured Motorist Coverage
Another legal car insurance requirement that is valid in the state of New York is motorist must have a plan that includes uninsured motorist’s coverage. This way you can be sure that you and your family are covered in the event that you are part of an accident that was caused by a motorist that has no insurance. Obviously, motorists should not be driving without insurance because it is illegal but everyone does not follow the law.
Personal Injury Protection
The state of New York also requires for their drivers to have personal injury protection in their policies. This type of cover is going to cover the medical costs, lost wages, and any other expenses that the drivers, passengers, and other individuals who are hurt during an accident regardless of who was the cause of the accident. This means that you will be covered as well as any passengers who may be riding with you.
Proof of Insurance
New York has a law that requires all insurance companies to electronic file a notice of insurance with the state Department of Motor Vehicles to verify that the liability insurance requirements are being followed. Furthermore, you are going to have to show your New York insurance identification card in order to be able to apply for your vehicles registration. If you do not keep your liability insurance at all times it is possible that they will suspend your license as well as your vehicles registration. Not to mention the fact that you could also be fined up to $1500 for not following the insurance laws and be penalized $750 when trying to restore your driving privileges.
Liability coverage is another legal requirement regarding car insurance in New York. This policy is the one that protects the driver in the event that they are sued by another driver or passenger regarding personal injuries or damages that occur to property.
This may seem like a lot to some drivers but these legal requirements are actually put in place by the state of New York so you can be sure that you are covered in the event of an accident.
Author Bio: Noel Finley is a content associate at CarInsuranceQuote.net Website where they provide car insurance information and quotes for those looking.