Helpful Info on New York Auto Insurance
Each state has different laws and requirements when it comes to auto insurance. New York State is no exception. If you are a new residence, or considering moving, here is some information and requirements of New York Auto insurance.
• The liability requirements in New York State are:
1. $25,000/$50,000 for injury
2. $50,000/$100,000 for death
3. $10,000 for property damage caused by any one accident
New York Sate is a no-fault state, and the coverage must be maintained even if you are not utilizing the vehicle
• If the vehicle is registered in New York State, it must be insured by a company approved and licensed to do business within the state
• The coverage must be issued to the name on the car’s registration, and must remain in that person’s name at all times. If the name changes, it can cause a lapse of insurance thus leading to driver’s license and car registration suspension
• An insurance identification card is required during the registration process.
• You must receive two original insurance cards from the agent or broker. Both cards must have the name of the registrant and a barcode
• The insurance company is required to file an electronic notice of liability coverage with the DMV. An agent or broker can’t perform this task
• One card goes to the DMV, and the other must be carried in the vehicle at all times
• If you don’t have liability insurance, and you don’t surrender your plates, the DMV will suspend your driver’s license and registration indefinitely.
Consult the New York State Department of Motor Vehicles if you have any questions regarding New York auto insurance. Additionally, they provide information on changing your driver’s license and registration if you are a new residence.
