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Ron Trumbo
Car Insurance Editor |
New York mandates that all New York drivers have a minimum auto liability coverage of 25/50/10. New York also requires a minimum Personal Injury Protection coverage of $50,000 and Uninsured/Underinsured Motorist coverage of $25,000 per person and $50,000 per accident for any bodily injury caused by the uninsured driver.
When you’re looking for the cheapest car insurance in New York, the state minimum levels are not the best way to find the cheapest insurance rates. Although these coverage levels may satisfy a simple no-injury fender-bender, serious accidents are simply not cheap. More about: New York auto insurance requirements
New York is one of a few states that makes uninsured motorist coverage mandatory, requiring that you have uninsured motorist coverage equal to the New York’s minimum auto liability levels. Uninsured motor coverage protects you from being the victim of a car accident when the other driver at fault doesn’t have auto insurance in New York. More about: New York uninsured motorist coverage
Simple answer: No. Real answer: Sometimes. Many New York auto insurance agents are allowed to charge broker’s fee that is separate from the actual car insurance policy. Broker’s fees are completely optional to auto insurance consumers in New York and shouldn't be higher than $50. More about: New York insurance brokers fees
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New York is one of the most expensive states for car insurance and too many New York drivers are paying more than they need to by not taking advantage of many car insurance discounts. New Yorkers have an opportunity to save between 5% and 25% on their car insurance rates by simply comparing a few quotes from New York insurance agents and asking a few questions about these 9 discounts: Multi-car discout, Safety device discount, Security device discount, Multi-policy discount, Good driver discount, New York traffic school discount, Senior citizen discounts, Military discount, and Good student discounts. NY car insurance discount checklist
Also referred to as Personal Injury Protection (PIP), New York requires that all drivers have No-Fault Personal Injury Protection, along with a minimum level of Liability Coverage and Uninsured Motorist Coverage. PIP auto coverage pays all of your medical bills if you’re involved in an accident in New York. No-fault coverage will also replace any income that you may lose as a result of being out of work due to injuries sustained in an accident. New York requires that your PIP cover up to $50,000 for every injured passenger in your car regardless of fault. More about: New York no-fault car insurance
Are You Unable to Find Homeowners Insurance in New York?
If you are unable to find affordable home insurance in New York after exhausting your shopping efforts, you may qualify for the New York Property Insurance Underwriting Association (NYPIUA). This is a pool of all New York home insurance companies offering coverage insurance in the state and it offers fire and extended coverage, as well as coverage for vandalism, malicious mischief, and sprinkler leakage to consumers who are unable to find this type of insurance. Be aware that the premiums for this plan are more expensive than the average rates.
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