No Fault Auto Insurance New York NY
Filed under: Cheap SR-22 insurance, Cheapest SR22 insurance
Reader’s Question:
I heard that the state of New York is a no fault state. Given this, is there something like a limit when it comes to auto insurance coverage? I mean what is the state required minimum limit for auto insurance in New York?
Anne
Niagara Falls, NY
Yes you are correct.
The New York state has a no fault system. This means that if you are involved in a vehicular accident, regardless if it’s your fault or the other party’s fault, your own auto insurance company automatically covers for your damage. This claim still depends though on the limits you have on your car insurance.
All states in the US require minimum required limits when it comes to car insurance. Your home state New York follows 25/50/10 coverage. And according to the New York Department of Insurance this means:
- $ 25 to cover for bodily injury/ person
- $ 50,000 for Bodily Injury for all persons
- $10,000 for Property Damage/accident
In addition, there is also a required $ 50,000 mandatory no fault coverage. This is required hence all motorists must have this. And from what I know, in general, motorists carry higher limits that what is required by NY state law.
You can always ask your car insurance agent for more information about car insurance in New York. If you are shopping for auto insurance quotes, use this website to get better deals.
Tags: auto insurance, auto insurance coverage, car insurance online
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