In the state of New York, auto insurance is the law. All New York state drivers must carry minimum auto liability insurance in the amount of 25/50/10. This means in order to operate a vehicle on New York boulevards and highways, you must carry:
$25,000 of Liability Bodily Injury coverage per person injured
$50,000 of Liability Bodily Injury coverage per accident
$10,000 of Property Damage coverage per accident
Liability auto insurance refers to insurance against loss resulting from civil liability for injury or damage to the persons or property of others. The New York State Insurance Department urges motorists to purchase higher amounts of auto insurance than the legal limits plus uninsured/underinsured motorist insurance (UM/UIM). More than 5% of all New York motorists are uninsured. This may seem like a small percentage, but the state of New York has nearly 11.5 million licensed drivers. This means, more than half a million drivers on New York roads are uninsured. UM/UIM will protect the states insured drivers against the New York drivers that defy state laws and drive without insurance. Unfortunately, thousands more drive with inadequate insurance.
If you decide to drive without auto insurance in New York, you risk losing more than your life savings if you are in a collision. If you are caught driving without insurance in The Empire State, your license will be suspended. You will lose your vehicle registration, you will be ticketed and fined, and your car could be towed and impounded. It will cost you between $8 and $12 for each day your vehicle was uninsured (for 90 days or less). If you still do not have insurance after 85 days, a civil penalty of $840 will be assessed.
Purchasing insurance in New York is simple. Sites like Insuredonline.info provide drivers the choice of insurance companies serving their area. The average yearly cost for New York automobile insurance is $2,320. Compared with the financial risk and anxieties related to driving without insurance, this is a small price to pay.
