What Kind of Auto Insurance Do You Need in New York?
New York is a no-fault insurance state. In the event of an accident, insurance will help covered drivers and passengers avoid financial ruin by paying the insured's bills, regardless of who caused the accident. Personal Injury Protection coverage offers medical and rehabilitation expenses, a portion of lost work wages, death benefits, and other household expenses. In addition to having $50,000 for this coverage, there are other minimum requirements you must meet to have your car registered with the NY Department of Motor Vehicles. You must have $50,000 per accident for bodily injury coverage. For property damage liability coverage, you must have $10,000 per accident. Liability insurance will pay for injuries and damages you cause to someone else and won’t cover your own personal costs. You are also required to have uninsured and underinsured bodily injury coverage at $50,000 per accident. This coverage will not cover any property damage, but you have the option to purchase supplementary uninsured and underinsured coverage. While these limits are just the minimum, your unique insurance needs may be different. Speak with an agent at Hagerdon Insurance Agency Inc. to make sure you have coverage to suit your needs.
In addition to getting higher liability amounts, you can also purchase optional types of coverage. Collision coverage will cover damages that happen to your car after an accident with another vehicle. Comprehensive coverage will cover damages to your car after an incident that isn’t an auto accident, such as theft. Rental reimbursement insurance will pay for a rental car if your car is being repaired after a covered incident for either collision or comprehensive insurance. Other optional coverage includes towing and labor and medical and funeral services. While comprehensive and collision coverage aren’t required by the state, you may be required to have this insurance if you have a loan or lease on your vehicle.
Contact Hagerdon Insurance Agency Inc. to get a quote on auto insurance.
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