Alyssa Lane
New York state law requires drivers to carry auto insurance with specific minimum coverage levels. The minimum liability coverage in New York is 25/50/10, meaning drivers must have at least $25,000 of coverage for bodily injury per person, $50,000 for bodily injury per accident, and $10,000 for property damage per accident. Additionally, as a No-Fault state, New York requires drivers to have Personal Injury Protection (PIP) with a minimum coverage of $50,000 per person. This provides medical coverage for the driver and their passengers, regardless of who is at fault in an accident. New York also mandates Uninsured/Underinsured Motorist Coverage, which protects drivers in the event they are hit by a driver without sufficient insurance.
| Characteristics | Values |
|---|---|
| Bodily Injury Liability per Person | $25,000 |
| Bodily Injury Liability per Accident | $50,000 |
| Property Damage Liability per Accident | $10,000 |
| Bodily Injury Caused by Uninsured/Underinsured Auto per Person | $25,000 |
| Bodily Injury Caused by Uninsured/Underinsured Auto per Accident | $50,000 |
| Personal Injury Protection per Person | $50,000 |
| Death Liability per Person | $50,000 |
| Death Liability per Accident | $100,000 |
What You'll Learn
Bodily injury liability
In the state of New York, drivers are legally required to carry a minimum of $25,000 per person and $50,000 per accident in Bodily Injury Liability coverage. This type of insurance coverage protects you in the event that your negligence causes an accident that injures another person. It is a form of third-party coverage, which means it reimburses those who are not the insured. This coverage can be used to pay for the injured party's medical bills and car repair expenses.
It is worth noting that the minimum coverage limits in New York may not be sufficient for all drivers. If you can afford it, purchasing additional coverage is recommended. This will provide you with greater protection and ensure that you are prepared for any unexpected accidents or injuries.
In addition to Bodily Injury Liability coverage, New York drivers are also required to carry Property Damage Liability coverage and Personal Injury Protection (PIP). These types of coverage protect you and your passengers in the event of an accident, regardless of who is at fault.
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Property damage liability
In addition to property damage liability insurance, New York state law also requires drivers to carry bodily injury liability insurance and personal injury protection, also known as no-fault insurance. Bodily injury liability insurance covers the cost of medical bills and car repair expenses for the other party in an accident, up to a certain limit. Personal injury protection helps to pay for your own medical bills and lost income following a car accident, regardless of who was at fault.
It's important to note that the minimum coverage limits might not be sufficient for all drivers. If you can afford it, it's recommended to purchase additional coverage to protect yourself financially in the event of an accident. Higher limits for property damage liability insurance are available and can provide more comprehensive protection.
Overall, property damage liability insurance is a crucial component of your auto insurance policy in New York. By understanding the requirements and limitations of this coverage, you can make informed decisions about your insurance choices and ensure that you are adequately protected in the event of an accident.
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Personal injury protection (PIP)
PIP covers medical costs, economic losses, and death benefits. Medical expenses typically covered by PIP include hospital visits, psychiatric care, physical therapy, rehabilitation, and long-term professional health services. If you are unable to work due to your injuries, PIP also provides coverage for lost wages, up to $2,000 per month or 80% of your monthly earnings, whichever is less, for up to three years after the accident. Additionally, you are entitled to a daily stipend of $25 to cover necessary household expenses for up to a year. In the unfortunate event of the insured driver's death, PIP provides a death benefit of up to $2,000 to help cover funeral and burial costs.
You can increase your PIP coverage limit by purchasing additional PIP or optional basic economic loss (OBEL) insurance. OBEL allows you to add an extra $50,000 to your PIP limit, specifically for lost wages, while additional PIP can be used for medical expenses, lost wages, or a combination of both.
It is important to note that PIP does not cover property damage. Additionally, there are certain situations where PIP coverage does not apply, such as if you are riding an ATV or are injured while committing a felony.
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Uninsured motorist coverage
The minimum limit for uninsured motorist coverage in New York is $25,000 per person and $50,000 per accident. This coverage only applies to accidents occurring within the state of New York and does not include physical damage to your car. If you want to protect your vehicle from physical damage, you would need to purchase collision coverage separately.
Supplementary Uninsured/Underinsured Motorist (SUM) coverage is an optional add-on to your insurance policy. SUM coverage provides protection beyond the basic uninsured motorist coverage. It not only covers injuries caused by uninsured drivers but also offers protection if you are in an accident with an underinsured driver (someone whose liability limits are too low to cover the injuries they cause). SUM coverage also provides protection outside of New York State, covering you and your family anywhere in the United States, its territories, and Canada.
If you are involved in an accident with an uninsured driver, it is important to take the necessary steps to protect yourself. Exchange information with the other driver, if possible, and file a police report. Contact your insurance carrier and open a claim to ensure your expenses are covered.
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Collision coverage
Collision insurance covers the cost of repairing or replacing your car after a collision with another vehicle or a stationary object. This includes collisions with another car, truck, motorcycle, or any other type of vehicle, as well as collisions with objects such as trees, lampposts, fences, mailboxes, or buildings. It also covers single-car collisions in which a rollover occurs.
The coverage only applies to damages to your vehicle while it is being driven. It does not cover damages that are not a result of driving, such as vandalism, theft, or hail, nor does it cover damages to another person's vehicle. Additionally, collision insurance does not cover medical care for you or anyone else.
Like all types of auto insurance, collision insurance has a deductible—the amount you are required to pay before your insurance provider covers the rest. Typically, you can choose your deductible amount when purchasing collision coverage.
Although collision insurance is not legally required, it is still a good idea to have, especially considering New York's busy roadways and challenging weather conditions. Collision coverage can provide financial protection in the event of an accident, helping you pay for repairs or replace your vehicle if it is totaled.
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Frequently asked questions
The minimum coverage in New York is $25,000 per person/$50,000 per accident for bodily injury liability, $10,000 per accident for property damage liability, $50,000 per accident for basic personal injury protection (PIP), and $25,000 per person/$50,000 per accident for uninsured motorist bodily injury (UMBI).
Liability insurance covers bodily injury and property damage that you cause to another driver or their passengers in an accident if you are at fault. It can also cover expenses related to funeral costs, lost wages, and pain and suffering.
PIP provides coverage for medical costs, rehabilitation, lost wages, and funeral expenses for you and your passengers in an accident, regardless of who is at fault. It is required in New York, with a minimum coverage limit of $50,000 per person.
Uninsured/underinsured motorist coverage pays for injuries and lost wages that you or your passengers may suffer if you are hit by an uninsured or underinsured driver who is at fault. This coverage is legally required in New York, with minimum limits of $25,000 per person and $50,000 per accident.
Driving without insurance in New York can result in fines ranging from $150 to $1,500, vehicle impoundment, license suspension, and even jail time. The specific penalties depend on whether it is a first-time offense or a repeat offense.
