New York Auto Insurance Requirements
New York state law requires that you have two types of auto insurance coverage in order to operate a motor vehicle:
- Auto liability coverage
- Personal injury protection (PIP)
Auto liability coverage helps to cover any property damage or personal injuries that you caused in an automobile accident. The minimum amount required is 25/50 (see the chart below). This amount increases to 50/100 in the evens that a death occurs.
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PIP coverage, also known as “No-Fault Insurance”, covers any personal injuries incureed in an accident, no matter who was at fault. It includes medical expenses, loss of service or wages, as well as a death benefit. Keep in mind, though, that this coverage prevents you from suing the other party for damages, unless the accident results in serious injury or death.
Although uninsured motorist bodily injury is not required in New York, it is strongly encouraged. This type of coverage helps to cover costs of your own personal injuries if you are hit by someone without liability insurance.
New York drivers may purchase additional protection through policy add-ons, such as collision, comprehensive, medical expenses, and/or underinsured motorists coverage.
| Coverage Type |
Required? |
Minimum Coverage Amount Required |
|
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* Bodily Injury Liability limits are $50,000 per person/$100,000 per accident in the event of death.
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Auto Insurance for Leased Vehicles in New York (NY)
Most leasing companies in New York typically require drivers to maintain insurance coverage which exceeds the minimums set by New York state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:
Read about special auto insurance considerations for drivers in:
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New York State Department of Motor Vehicles
6 Empire State PlNYa
Albany, NY 12228
www.nydmv.state.ny.us |
New York State Insurance Department
www.ins.state.ny.us |
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Last Updated: February 14, 2008
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