New York Car Insurance

Car insurance in New York is required by law. All drivers must have at least the minimum amount of liability insurance coverage established by the state. If you are at fault for an accident, liability insurance will pay for the medical and property damage expenses acquired by the other party. Liability does not cover your medical or property damage expenses when you are at fault for the accident. In addition to liability insurance, there are several other types of coverage options that are not required by law that you can choose to purchase to protect yourself and cover your expenses, such as uninsured motorist, comprehensive, and collision insurance.

Required Coverages in New York:

  • Bodily Injury Liability Per Person: $25,000
  • Bodily Injury Liability Per Accident: $50,000
  • Death Liability Per Person: $50,000
  • Death Liability Per Accident: $100,000
  • Property Damage Liability: $10,000

If you are caught driving in without the minimum amount of liability insurance, you must surrender your vehicle license plates to the New York Department of Motor Vehicles until you are able to show proof of insurance. Failure to surrender your plates may result in the suspension of your vehicle registration and driver license, up to and including an indefinite suspension.

Determining Your Rate in New York

According to the Insurance Information Institute, the cost of liability insurance in New York averages at $704, compared to the national average of $474, making it one of the more expensive states for insurance. However, your rate may be different from the state average because car insurance rates in New York are decided by several factors, including age, marital status, sex, driving record, credit score, vehicle type, location, and vehicle use.

Things like being younger than 25, being single, having a low credit score, living in an area with a high crime rate or a high number of reported traffic accidents, and having numerous infractions on your driving record can result in a higher rate. Likewise, a good credit score, living in a safe area, having a short daily commute, being married, and having a clean driving record can result in a lower rate. Each company has their own standards when evaluating these factors and determining your rate, which is reflected by the variety of rate prices you will find when shopping for car insurance in New York.