New York car insurance is compulsory for all drivers in New York. Such insurance should include Liability insurance, No-fault or Personal Injury Protection insurance, and Uninsured motorists insurance. New York car insurance also offers optional collision or comprehensive, Emergency Road Service, Customized Equipment, Rental car coverage.
What decides insurance rates?
New York car insurance rates are not same all over the state. Driving habits in combination with legal and settlement fees of all drivers in the state decide car insurance rates across the state. However, your individual rates depend further on your age, driving record, your make of car, your place of residence, etc. Again, different insurance companies keep different parameters for computing insurance rates.
How can I get the best rates?The best solution to acquire affordable and most competitive New York car insurance rates is to scout around different insurance companies through insurance agents, brokers, professionals, and internet. You then receive best offer with good discounts.
What do I receive from my insurance?In the event of any accident, New York car insurance offers you:
Liability insurance - You receive $25,000 for physical injuries per person per accident, $50,000 for all injuries per accident, and $10,000 for damages to other's property due to accident. If accident results in death, compensation rates are $50,000 per person and $100,000 for all injuries per accident. This helps you meet cost of injuries and damages you cause to other's property in accident.
Personal Injury Protection (PIP): This is a no-fault insurance covering cost of your personal injuries in accident like loss of wages, loss of services, medical expenses, death benefits, etc. This protection prevents you from suing for damages.
Uninsured Motorists Insurance: If you receive injuries due to accident with uninsured vehicle, or you experience physical injuries due to any hit-and-run case, you receive coverage under this option.
New York car insurance provides for optional coverage:
Collision - This helps you compensate cost of repair or replacement of your vehicle due to collision with other objects or cars.
Comprehensive - This provides coverage for loss due to other reasons like theft, natural disasters, mob fury, fire, damage by animal, etc.
Rental Car Coverage - This coverage is only with comprehensive and collision coverage. You receive compensation for rental vehicle due to damage or theft.
Emergency Road Service - This covers towing costs for your vehicle and is with collision coverage only.
Customized Equipment - Normal car insurance covers only original car equipments. This coverage provides for loss of special customized equipment in your car like roll bars, fog lights, trailer hitches, camper shells, etc. This is available with collision and comprehensive coverage.