Understanding all the intricacies of New York auto insurance quotes can be very daunting. If you are new to the big bad world of insurance, you can get lost in a sea of uncertainty. However, don’t get startled and thrown off your game before you even begin, because with New York Auto insurance quotes, you can find the insurance policy that is just right for you from a company that takes your needs into consideration. However, before you begin to search for insurance and get insurance quotes, keep in mind that you are required by law to have several different types of insurance.
Insurance requirements by New York City Law
It is mandated in the New York City law that all owners of a registered vehicle purchase and travel with:
- No-fault auto insurance – this insurance is important in the state of New York as it provides coverage after an accident, no matter who is to be blamed for it; whether, it is you or the other party. The minimum for a no-fault insurance coverage is $50,000 and in case of an accident, this policy covers medical expenses and up to 80% of income lost based on injuries suffered from the accident.
- Liability car insurance – liability car insurance will only cover damages caused by the accident and any injury caused by you to someone else. This type of insurance policy does not cover personal bodily injuries. The minimum amount that can be purchased for liability insurance varies; however, the minimum that can be bought at any time is $10,000 for damage to property.
- Uninsured motorist insurance – is an insurance policy that covers uninsured members in an accident. This policy covers only bodily injuries obtained from an accident and will not cover damages to property. The minimum amount that can be purchased on this policy is $25,000 for one individual and $50,000 for multiple persons.
Once you have made a purchase of the above mentioned insurance policy from https://newyork-insurance.website/new-york-auto-insurance/, you are required by law to always travel with proof of these policies. If you are caught without them, there are serious penalties to be met. If you are in search of the policy that is right for you, but do not know where to begin, start by getting New York auto insurance quotes online or from a reliable insurer. If there is something you do not understand, do not hesitate to ask for an explanation and never buy a policy from someone, unless you are comfortable with what they are offering.