When it comes to auto insurance policies then the state of New York is a no-fault one. In simple words, the insurance policy of yours will cover your damage and the insurance policy of the other person in the accident would cover their damage irrespective of who is at fault.
The same way as you would get an insurance policy in the other states, you can also get a cheap auto insurance New York; but the minimum requirements on the coverage of the policy as per the New York state’s guidelines are more detailed in terms of coverage and higher with regards to the cost involved.
New York state mandates the following minimum requirements on cheap auto insurance New York:
Liability on damage to property: $10000
Coverage on basic no-fault: $50000
Liability on physical injury: Per person it is $25000 for injury and per accident $50000. In case of death, it is $50000 per person and $100000 per accident.
Coverage on uninsured driver: The requirement is same as the liability on physical injury for both the injury and death scenarios.
In case you are yet to be the car’s owner that is you have borrowed money to purchase the car, then the requirement in such cases would be higher than the minimum amount mentioned.
Irrespective of the fact that the cost involved is high one can still get a cheap auto insurance New York. When you are shopping for estimates from insurance firms keep in mind that the law states that the drivers of New York should buy insurance from companies based in New York and also ask the firms for the discounts you qualify for. There are a few standard discounts like the one for students with good grade in school, for people who buy multiple policies and there might be discounts which are unique to the insurance firm.
You can also upgrade your car with safety systems like reinforced window or anti-theft alarms, etc. Insurance firms are generally impressed with child-proof locks. Also by parking your car in a garage you can get cheap auto insurance New York.
