New York Auto Insurance

Auto insurance in New York

Nowadays, having car insurance is mandated by the law, but such policies should be purchased anyway in light of the benefits offered (protection in case of accidents). Whether you need the respective vehicle for personal or professional purposes, adequate insurance is not optional. Without a valid insurance policy, you will have to pay fines up to $1,000 or bear the suspension of your driving documents for up to six months. These documents might entail the driver's license or vehicle registration. If you are looking to find out more information on the topic of auto insurance in New York, just keep on reading.

What type of car insurance do you legally need in New York?

According to the Mandatory Liability Insurance Act, all New York residents who operate a moving vehicle must acquire a liability insurance policy. Should the mandatory insurance be absent, the respective vehicle registration might be suspended for several months or more. An online insurance verification system allows the local authorities to instantly determine whether a vehicle is insured or not.

For a resident to operate a vehicle in the state of New York, the associated auto insurance must meet several requirements. These might include the following: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($10,000 per accident), uninsured/underinsured motorist bodily injury ($50,000 per accident and $25,000 per person), and personal injury protection ($50,000). It is worth remembering that the full coverage insurance is superior to the minimum liability coverage, as it can be improved with options such as comprehensive and collision insurance. The best thing you can do is choose a higher liability coverage limit than the one imposed by law in New York. In this way, you will be protected, should the worst-case scenario occur.

The sums mentioned above refer to the amounts insurance providers are able and willing to pay, should you be involved in an accident for which you are at fault. The law requires all vehicle owners carry a copy of their insurance policy while driving. Naturally, driving without insurance is illegal in New York. Consequents might include not only legal fines, but also the suspension of one's driving documents (driver's license, vehicle registration). Should the driver continue to operate the vehicle without a valid insurance policy, jail time might be legally enforced.

Average cost of auto insurance in New York

How much does auto insurance cost in New York? The state minimum auto insurance policy in New York has a value of $1,339. However, a full coverage insurance policy has an average value of $2,996 per year. Collision and comprehensive coverages might not be included in this policy, so you will have to pay extra for them. Among the factors influencing the overall insurance rates, there are: type of vehicle, presence of prior insurance, number of miles driven, location, driving record, age, gender, and marital status. It is advisable to choose an insurance policy that offers the best coverage, not the one with the lowest rates.

This might be common knowledge, but the average cost of auto insurance varies from one state to the other. Such differences are present for both the minimum and the full coverage, including when it comes to options such as comprehensive and collision insurance. The factors influencing these values include the following: accidents caused by weather elements or conditions, at-fault accidents, number of drivers versus the general population, number of uninsured drivers in their respective location, and road conditions.

New York has a significantly higher rate for the average car insurance than the national median, which is around $1,770. Among the states with the most expensive auto insurance policies, there are: Pennsylvania, New York, Nevada, Michigan, Louisiana, Florida, Colorado, and California. The states with the most affordable insurance policies of this kind include: Wisconsin, Washington, Tennessee, Oregon, North Dakota, New Mexico, Nebraska, Maine. Considering the rates mentioned above, it is safe to assume that the New York has some of the most expensive auto insurance policies. Maine, on the other hand, is the most affordable, with $876 for the full coverage and $227 for the minimum one.

Within the state of NY, you might also find certain differences between the various cities. Rochester has some of the most affordable rates to offer, while New York City stands at the top of the list. The average annual premiums are as follows: Rochester - $1,567; Syracuse - $1,685; Buffalo - $2,222; Yonkers - $2,999; New York City - $4,545.

The value of auto insurance is simplest by diverse factors, including the driver's age. young drivers typically pay more for this type of insurance, as insurance companies perceive them as less responsible than adults and more prone to accidents. While a teenage driver can expect an annual premium of over $7,700, a middle-aged driver will be a custom to a premium that is close to $2,000. Gender differences are also present, with women usually paying higher rates for auto insurance. On the other hand, married couples benefit from more affordable coverages than those who are single, divorced, or widowed.

Another factor influencing the value of a potential coverage policy is the driver's credit history. While someone with an exceptional credit will save significant sums on his/her insurance premium, a vehicle owner with a poor credit history will struggle to meet the high rates. a history of prior driving offenses, such as DUI/DWI, at-fault accidents, reckless driving, speeding, will increase the value of one's insurance. One might also remember that the overall rates vary in accordance with the chosen type of coverage. Drivers are encouraged to add both comprehensive and collision insurance to the state minimum policy, as this guarantees the best possible protection.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in New York. Find car insurance in New York by city, zip code or county name.

Finding the right auto insurance in New York

If you are having a hard time finding the best insurance policy for your needs, you might consider our expert assistance. Thanks to the knowledge accumulated in the field of auto insurance, we are able to match drivers with the best policies, in accordance with their available budget. All we have to do is give us a call and we'll be more than pleased to offer all the necessary support. Remember, this service is 100% free and it can save you from a daunting research process.