An Overview of New York Auto Insurance Requirements

Insurance laws and requirements can be complicated and vary from state to state. New York auto insurance is no exception to this statement. There are several different types of coverage that fall into the auto insurance category. Some of the coverage types are optional while others are required by state law.

Liability Coverage

Liability coverage is required in nearly every state. car insurance laws in New York require $25,000/$50,000/$10,000 in coverage. These amounts cover bodily injury liability per person/total bodily injury per accident/property damage per accident, respectively.

New York State is unique in that it requires double the bodily injury liability limits in the event the accident results in death, taking the limits to $50,000/$100,000.

Personal Injury Protection

Personal injury protection or PIP is required in NY, as well as several other states. It is an extended type of auto coverage that assists with medical costs and can cover lost wages and other miscellaneous charges.

Medical Coverage

New York is what is referred to as a "no-fault" state. All individuals that have auto insurance are required to have this coverage. This covers the insured's medical costs, regardless of fault. There is some controversy over this type of coverage as it is generally expensive and is thought to create redundant coverage when the insured also has regular medical insurance.

Uninsured/Underinsured Motorist Coverage

Uninsured/underinsured motorist coverage is optional in some states but, required in NY. This coverage will cover the insured, up to the limits they have purchased, if they are in an accident caused by another driver and that driver is not insured or does not have sufficient insurance to cover the full liability. Another common case that this type of insurance is helpful is in the event of a hit and run.

Other New York Car Insurance Requirements

New York State requires that auto insurance remain in effect while a vehicle is registered, regardless whether or not the vehicle is being used. If a vehicle is not being used, New York State requires that plates are returned to the state to cancel the registration.

New York auto insurance law requires that New York drivers have insurance in the state, out of state insurance is not acceptable. This state also requires that the insurance must be in the same name as the registered owner. Neglecting to follow this requirement will result in a lapse of insurance and the registration will be suspended; the owners?driver's license will also be suspended if the lapse exceeds 90 days.

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First Timers Guide To Moped Insurance

Buying your first moped is the most exciting thing you could do. This is your first experience on a vehicle and a step into independence for many young people. Often some people may find that they rely heavily on their parents to give them a lift to places, which can be a problem when you find most of your friends are finding their own way of transportation. However, having a moped requires a lot of responsibility, which includes paying for moped insurance.

Buying moped insurance for the first can be both confusing and daunting. Where do you start with finding the right one? How do you know which one to select? What can you get from your insurance policy? Do you need an insurance policy? Why do you need insurance? Finally, why are they so expensive?

These are the questions you are going to ask yourself, considering you have never experienced the joys of paying for insurance and are not going to be able to rely upon your parents. This is a big step into the adult world I am afraid, but instead of moaning and groaning about the prospect of having to spend of your allowance or wages on insurance, why not see this as a way of protecting yourself from unpredictable crises.

Whether you like it or not, moped insurance is extremely important and is a legal requirement. You need to be able to ensure that you have cover, in case of any problems that may cause harm to you, the other party or your vehicle. Your first insurance quote will be steep, but that is only because you may not be familiar with is entailed with some insurance policies.

There are different types of insurance policy. Third, party insurance covers for third party damages and that's it. Although this may not necessarily be directed for you, but there may be a possibility that your mate will borrow the moped so you will need to cover all corners before you let them, because if you are both caught without insurance you will be fined heavily. It is better to lose some money on insurance than losing more over a fine and face losing your license.

Third party fire and theft protection are exactly what they say they are. This will give you complete cover for the more devastating incidences but it will also cost you slightly more. Be prepared to pay for what you get, as the price of insurance is nothing compared to the price of fines and court fines.

Fully comprehensive insurance covers for all of the above but also for loss and theft as well damages. This is more for top of the range bikers and is indeed expensive; however, it is worth the money and is well worth looking into for the future. For a first time moped users this is not necessary and going for a basic insurance policy will suffice.

One final note is to approach insurance brokers, ask as many questions as you can they will point you to the right direction. Try not to be too inundated by insurance offers and quotes, but do try to get a clear idea of how much to spend and finding the right policy for you.

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