New York Auto Insurance Policy Requirements

Q: What is in a basic New York auto insurance policy?
A: When deciding on an auto insurance policy, you will encounter these main types of auto insurance:

  1. Liability Coverage
    1. The insurance industry looks at property and people as distinctive concepts, and for this reason liability insurance is separated into two types:
      1. Bodily Injury Liability Coverage
      2. Property Damage Liability Coverage
    2. Liability coverage is required by New York state law. To legally drive in New York, one must have a valid driver’s license as well as an auto insurance policy with the state’s minimum auto insurance requirement:
      1. 25/50/10” (New York’s minimum auto insurance requirement)
      2. $25,000 for injury/death to one person.
      3. $50,000 for injury/death to more than one person.
      4. $10,000 for damage to property.
    3. The liability minimums listed above do not apply to leased vehicles.
  2. Collision Coverage is only required if your vehicle has not been paid for in full. If you are no longer financing your vehicle, then collision is a recommended option for your New York auto insurance policy.
  3. Comprehensive Coverage is an advisable add-on to your policy if your vehicle is no longer financed. It is, however, a requirement in New York if the vehicle is still financed.
  4. Medical Payments Coverage is also a suggested addition to your policy, but it is not required (regardless of the vehicle being financed or not) for auto insurance policies in the state of New York.
  5. Uninsured (and Underinsured) Motorist Coverage is a mandatory part of all auto insurance policies in New York.
  6. Personal Injury Protection (PIP) Coverage is required for your New York auto insurance policy.
  7. Other Options
    1. Towing Coverage
    2. Rental Coverage
    3. Loan/Lease Gap Coverage
Q: Is New York a No-Fault state?
A: Yes, New York is a no-fault state.

Q: How can I get a discount on a New York auto insurance policy?
A: Many auto insurance companies offer ways to save money on your policy. Our list of auto insurance discounts is a good starting point for seeing if you qualify.

Q: Where can I find more information about New York auto insurance?
A: Plenty of helpful resources on New York auto insurance are available on the internet:
  1. New York Insurance Resources
    1. The New York State Department of Motor Vehicles (DMV) registers vehicles, holds driving records, and manages driving records.
    2. The New York State Insurance Department is an agency that ensures policyholder rights by regulating the insurance market. Their online Automobile Resource Center is a wealth of information.
  2. National Insurance Resources

CLICKinsure agents assist residents of the state of New York – whether you reside in a sleepy small town in the Catskills or on a buzzing block on the Manhattan’s Upper West Side. We can help you find auto insurance coverage in any of New York’s 62 counties, including New York City, Buffalo, Rochester, Yonkers, Syracuse, Albany, Schenectady, Binghamton, Elmira, and Poughkeepsie. CLICKinsure is happy to provide its broker services to the United State’s largest and arguably most vibrant city and all the beautiful lands of the Adirondacks and Great Appalachian Valley.