CAR INSURANCE BY STATE
Statue of Liberty in New York
Insurance Panda car insurance guide to New York

New York. With the mention of those two words, many people start daydreaming about the lights of Times Square, the green of Central Park and the charm of streets full of brick row houses but that’s just New York city. Other major cities include Albany, Buffalo, and Syracuse just to name a few. The state offers various recreational activities, both indoors and outdoors.

You can go hiking on trails or swimming in one of New York’s many lakes. The coast is only a short drive and if you’re craving a night on the town, you aren’t at a loss for places to visit.  Just make sure that no matter where you go, you’ve got the right insurance. If you live in the heart of any one of these New York cities, you may not have a car so insurance isn’t a major concern to you. But for many residents of the state, a car is required.

Average Auto Insurance Prices in New York

Depending on where you live in the state, your insurance rates may be above or below the national average but this is just an average. There are many ways that you can find affordable insurance. One of the biggest factors that will determine your annual premium is your driving history. Even a speeding ticket can increase your premiums by a small percentage but a more serious offense, such as a DUI or reckless driving could result in the loss of your license and even insurance suspension. The best way to make sure you don’t overpay for insurance is to obey the rules of the road and remain calm, even if you’re running late.

Current average annual auto insurance premiums in the United States: $1613.49

Current average annual auto insurance premiums in New York: $2037.12

Average Insurance Rates for the Top Five Most Populated Cities

  1. New York City: $2710
  2. Buffalo: $2065
  3. Rochester: $1596
  4. Yonkers: $2596
  5. Syracuse: $1769

New York Minimum Auto Insurance Requirements

It’s important to note that New York has no-fault insurance laws. This means that regardless of fault, medical care is provided for all parties after an accident. So, instead of requiring drivers to purchase medical payments, one of the required forms of coverage is known as PIP, or personal injury protection. This form of protection will cover the driver, the passengers and any pedestrians that are involved in an accident but it will not property damage.  PIP is used before your health insurance. This system was established to discourage lawsuits and make sure that everyone receives the medical treatment needed after an accident. The following are the policies and limits that are required by New York state.

  •  Bodily Injury Liability per person: $25,000
  • Bodily Injury Liability per accident: $50,000
  • Property Damage Liability: $10,000
  • Uninsured/Underinsured Motorist Bodily Injury per person: $25,000
  • Uninsured/Underinsured Motorist Bodily Injury per accident: $50,000
  • Personal Injury Protection: $50,000

The following amounts and policies are recommended.

  • Bodily Injury Liability per person: $100,000
  • Bodily Injury Liability per accident: $300,000
  • Property Damage Liability: $50,000
  • Uninsured/Underinsured Motorist Bodily Injury per person: $25,000
  • Uninsured/Underinsured Motorist Bodily Injury per accident: $50,000
  • Medical Payments: $100,000
  • Collision: $500 deductible
  • Comprehensive: $500 deductible
  • Personal Injury Protection: $200 deductible

Penalties for Driving Without Insurance in New York

New York does not smile kindly on those that drive without insurance and for good reason. When you don’t have insurance at all or even the adequate amounts, you put an unnecessary burden on drivers who purchase insurance. It’s been proven that uninsured drivers are a main reason for increasing premiums. Responsible drivers have to shoulder the burden and if you get caught driving without insurance, you will have to pay even more.

Some of the penalties New York imposes include:

  • Suspension of license
  • Suspension of registration
  • Possible revocation of license and registration
  • Up to a $1,500 fine
  • Reinstatement fee of $750

It’s also of note that New York has a strict ‘no insurance, no plates’ policy. If you do not have insurance, New York requires that you immediately turn in your plates. If you fail to do so and the state finds out that you’ve experienced a lapse in coverage, your registration will be suspended for the number of days that you didn’t have coverage. If you go more than three months without insurance, your license will also be suspended and you’ll have to pay a series of fees to get your license and registration reinstated.

There are a series of preventive measures you can take to make sure that doesn’t happen to you. Ask your insurance company about enrolling in auto-pay or paying 6 months at a time. The latter option may even get you a significant discount.

How to Get Auto Insurance in New York

In such populous cities, the options for insurance coverage can seem overwhelming. You know you’re supposed to shop around for the best rates but with a list of over 100 insurance companies staring you in the face, it can be a daunting task. When you use our auto insurance quote comparison tool, you end up saving time and money. We will only provide you with quotes from the most reputable insurers in your area.

Insurance Agents By City/Town In NY

Additional New York Auto Insurance Resources

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