To register your vehicle in New York it's necessary to carry the minimum liability insurance coverage, otherwise, the state can suspend registration and your driver's license.
What are the Minimum Requirements for Auto Insurance?
In the state you must have the following for liability:
- coverage for property damage for a single accident
- coverage for bodily injury
- coverage for bodily injury if two or more people are involved
- coverage to cover death
- coverage to cover death if two more people are involved
Your policy must be from a company that is licensed in the state, like L M Insurance & Financial Services LLC in the Bronx, NY, and be in the same name as the registered owner of the vehicle. Even if you don't use the vehicle, you must also be in compliance and keep your registration valid.
No Fault Insurance State
New York is a no-fault insurance state, which means you must also carry Personal Injury Protection (PIP). This is needed to help drivers affected by an accident get back to work as quickly as possible no matter who caused the crash. PIP will give you these benefits:
- Medical and rehab expenses
- A portion of lost earnings if you are unable to work
- Death benefits
- Money for some other household expenses
Uninsured Motorist Coverage
In the state you are required to have uninsured motorist coverage that covers a minimum for bodily injury:
- $25,000 for injuries to one person
- $50,000 for injuries to more than one person
This coverage will not cover any property damage, but there is an option to purchase supplementary uninsured coverage that includes up to $250,000 per person and $500,000 per accident.
There are other optional coverage options in addition to purchasing higher amounts of coverage for the minimum. Some of the other policies you can get include collision, which will cover damages, and comprehensive coverage, which will cover other damages to your car when it's not involved in an accident.
To get a quote, visit or contact L M Insurance & Financial Services LLC in Bronx, NY to find an auto insurance policy for your vehicle. You can also get a quote using our online tool. Contact our offices for any questions or concerns.
Please note that insurance carriers and coverage limits vary by state.