Purchasing cheap car insurance in New York State (or New York City for that matter) isn’t hard, but before you start looking at the various companies and their rates, there are a few things about NY insurance laws you need to be aware of. Knowing what the law requires will help you understand what kind of coverage you absolutely need, and what constitutes “extras”.
First of all, New York law requires that all registered vehicles carry minimum liability insurance; a per accident minimum of $25,000/50,000 for injury, $50,000/100,000 for death, and $10,000 for property damage. The law also requires the liability coverage to remain in force as long as the vehicle is registered. Unlike many states, license plates issued at the time of registration are not permanent. If insurance coverage lapses, the plates must be returned immediately to the state Dept. of Motor Vehicles.
Another requirement of NY is that liability insurance must be in the same name as the registration. This presents a problem for parents of teen drivers who might be given their first car or purchase one on their own. Children living at home can be carried on a parent’s policy until age twenty-one, but insurance ID cards still must be issued in the child’s name if his name is used on the registration. This may or may not affect premiums, depending on the terms of the individual insurance company.
The last thing to know is that NY car insurance must be provided by an in-state company or an out-of-state company licensed to provide insurance in NY. Insurance carried by out-of-state and unlicensed companies is invalid in NY and will result in a suspended license and registration. This is true even if a resident moves out of state but continues to keep his vehicle registered in NY. Improper insurance coverage could hamper a person’s ability to acquire a driver’s license or registration in his new state.
There are several well-known national companies providing good insurance to NY drivers at a reasonable price. Geico, Progressive, and 21st Century (previously AIG) are the most prominent, offering standard insurance services to most drivers. For the younger driver, and those who have issues (speeding, accidents, DUI, etc.), there are regional and state-wide companies that offer products specifically designed for those issues. Premiums may be higher, but monthly installments are often available to lessen the burden. Just make sure to do your homework before you buy; call, ask questions, visit web sites. The more you know, the better you’ll be at making a good choice.
Minggu, 02 Oktober 2011
New York Car Insurance
New York Car Insurance is a website dedicated to providing useful and updated information regarding car insurance in New York.
If you live in New York and are searching for car insurance. We have the information you are looking for. Even if you already have auto insurance, you can research the latest developments in car insurance laws, insurance companies, or shop for a lower priced insurance provider with our car insurance quotes page.
You could be paying hundreds of dollars too much on your car insurance and you'll never know it unless you shop around and get quotes from some of the lowest cost car insurance companies.
The state motto of New York is:: "Excelsior . . . (Ever Upward)."
New York car insurance is something you have to be careful with. While the state of New York applies the No-Fault system- meaning that if you are in an accident, your insurance carrier will pay your injury claims regardless of who caused the accident (up to a specified limit), there may be detail variations regarding the no-fault system. To better understand New York car insurance, check with your state insurance regulator for regulations. For the best rates, you can always visit newyorkcarinsurance.com .
In New York the task of obtaining car insurance quotes can be daunting when you first start looking for them, but auto insurance is not just an option-it is a legal necessity. Of course, you wouldn't want it any other way. If you are involved in an accident or have your car stolen, owning the right kind of auto insurance can help to ease a difficult situation.
Don't shop by price alone. When looking for New York car insurance, you want a company that answers your questions and handles claims fairly and efficiently. There are many sources for finding great rates and service, but one of the easiest and most efficient is the internet. And for the best quotes, newyorkcarinsurance.com is the place you want to go.
When it comes to car insurance, the state law for New York requires a minimum coverage of $25,000 for Bodily Injury Liability per injured person. It also requires up to a maximum of $50,000 per accident. The minimum state requirement for Property Damage Liability coverage is $10,000. This type of coverage is generally referred to as 25/50/10 coverage. In New York, however, it's common for consumers to purchase higher amounts of coverage- that will be one of the factors you will have to consider in making your insurance decision.
As with any purchase, it's a good idea to shop around. Get at least three price quotes. You can call companies directly or access information on the Internet. Getting quotes from the internet is one of the most convenient methods of researching and obtaining the best deals in car insurance- and you can do it from the convenience of your home!
What happens if you don't get car insurance in New York? Law enforcement officers will ask you for proof of insurance at the time of traffic stops or accidents. Insurance companies notify the department of motor vehicles of all policy cancellations, non-renewals, and new policies. If this is the case with you, the law enforcement officer will know it and it could cause you huge fines or worse. Failure to maintain proper insurance could lead to the suspension of your vehicle registration and/or driver license. This can be expensive to the vehicle owner. Be sure that you follow the New York car insurance laws!
Although New York car insurance does not require a minimum Personal Injury Protection (PIP), there are advantages to having this type of coverage. For example, if you ever have an accident, PIP will pay for your and your passengers' medical expenses.
Another type of optional coverage you can consider getting is Uninsured/ Underinsured Motorist Coverage. This coverage will help pay for any injury resulting from an accident caused by an uninsured driver. You can choose to purchase this added protection, although state law for New York car insurance does not require it.
New York car insurance is really not that complicated. While many residents in The Empire State will get their insurance in the traditional way, make sure you compare car insurance rates from multiple companies to get the best rate. You can call each car insurance company directly or you can shop for auto insurance online. Shopping for auto insurance online can be faster and more convenient.- you should consider saving money and going to newyorkcarinsurance.com . New York residents often pay more than they should for their car insurance. Data from the Insurance Information Institute suggests that residents of New York spent an average of around $1083 on insurance premiums in 2006 (the national average was $803). This represents a decrease from 2005, when residents were paying $1125 on average. While decreases in premiums are good, you should be aware that during the previous five years, New York residents had been experiencing yearly increases of nearly 1.4% on average. In general, 2005 was the year when a majority of customers across the nation began to see their premiums decline.
newyorkcarinsurance.com and other similar sites have had a huge role to play in sensitizing people about the advantage of technology in comparing rates before buying insurance. You can start saving money for New York car insurance right now by visiting newyorkcarinsurance.com.
New York car insurance is something you have to be careful with. While the state of New York applies the No-Fault system- meaning that if you are in an accident, your insurance carrier will pay your injury claims regardless of who caused the accident (up to a specified limit), there may be detail variations regarding the no-fault system. To better understand New York car insurance, check with your state insurance regulator for regulations. For the best rates, you can always visit newyorkcarinsurance.com .
In New York the task of obtaining car insurance quotes can be daunting when you first start looking for them, but auto insurance is not just an option-it is a legal necessity. Of course, you wouldn't want it any other way. If you are involved in an accident or have your car stolen, owning the right kind of auto insurance can help to ease a difficult situation.
Don't shop by price alone. When looking for New York car insurance, you want a company that answers your questions and handles claims fairly and efficiently. There are many sources for finding great rates and service, but one of the easiest and most efficient is the internet. And for the best quotes, newyorkcarinsurance.com is the place you want to go.
When it comes to car insurance, the state law for New York requires a minimum coverage of $25,000 for Bodily Injury Liability per injured person. It also requires up to a maximum of $50,000 per accident. The minimum state requirement for Property Damage Liability coverage is $10,000. This type of coverage is generally referred to as 25/50/10 coverage. In New York, however, it's common for consumers to purchase higher amounts of coverage- that will be one of the factors you will have to consider in making your insurance decision.
As with any purchase, it's a good idea to shop around. Get at least three price quotes. You can call companies directly or access information on the Internet. Getting quotes from the internet is one of the most convenient methods of researching and obtaining the best deals in car insurance- and you can do it from the convenience of your home!
What happens if you don't get car insurance in New York? Law enforcement officers will ask you for proof of insurance at the time of traffic stops or accidents. Insurance companies notify the department of motor vehicles of all policy cancellations, non-renewals, and new policies. If this is the case with you, the law enforcement officer will know it and it could cause you huge fines or worse. Failure to maintain proper insurance could lead to the suspension of your vehicle registration and/or driver license. This can be expensive to the vehicle owner. Be sure that you follow the New York car insurance laws!
Although New York car insurance does not require a minimum Personal Injury Protection (PIP), there are advantages to having this type of coverage. For example, if you ever have an accident, PIP will pay for your and your passengers' medical expenses.
Another type of optional coverage you can consider getting is Uninsured/ Underinsured Motorist Coverage. This coverage will help pay for any injury resulting from an accident caused by an uninsured driver. You can choose to purchase this added protection, although state law for New York car insurance does not require it.
New York car insurance is really not that complicated. While many residents in The Empire State will get their insurance in the traditional way, make sure you compare car insurance rates from multiple companies to get the best rate. You can call each car insurance company directly or you can shop for auto insurance online. Shopping for auto insurance online can be faster and more convenient.- you should consider saving money and going to newyorkcarinsurance.com . New York residents often pay more than they should for their car insurance. Data from the Insurance Information Institute suggests that residents of New York spent an average of around $1083 on insurance premiums in 2006 (the national average was $803). This represents a decrease from 2005, when residents were paying $1125 on average. While decreases in premiums are good, you should be aware that during the previous five years, New York residents had been experiencing yearly increases of nearly 1.4% on average. In general, 2005 was the year when a majority of customers across the nation began to see their premiums decline.
newyorkcarinsurance.com and other similar sites have had a huge role to play in sensitizing people about the advantage of technology in comparing rates before buying insurance. You can start saving money for New York car insurance right now by visiting newyorkcarinsurance.com.
Did You Know?
New York is home to three of the world's largest libraries, with the NY Public library being the most complete municipal library in the world.
On the New York Stock Exchange (NYSE) in 2000, more than $1 trillion in financial transactions took place per day.
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