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Facts about New York Car Insurance
New York State has a no-fault system, which means each motorist is responsible for his/her own vehicle damages or physical injuries no matter which driver causes the accident.
NY requires each motorist to carry minimum liability insurance. For Bodily Injury liability, the minimum is $25,000 (per individual) and $50,000 (per accident). For Property Damage coverage, the limit is $10,000.
Personal Injury Protection is required with a $50,000 limit. Uninsured/Underinsured Motorist coverage is also required with a limit of $25,000/$50,000.
Another helpful fact about New York auto insurance is the average cost of premiums in New York was $2,394 in 2009. This is far above the national average of $1,735, but it doesn’t mean you can’t get cheap car insurance.
This only gives you an idea of what to expect when comparing various providers. Companies in New York are not allowed to “fix the rates” so you’ll likely find a wide span of pricing if you compare at least 10 or more providers.
Look for local and/or statewide insurance providers in your comparison. There are local providers in every major city, including Buffalo, New York City, Mount Vernon, Rochester, Syracuse and Albany.
Here are just a few of the providers available in New York: AIG National, AIU Insurance, Allstate, American Casualty, Deerbrook, Clarendon, Geico, Hartford, Landmark, Liberty, Nationwide, Motors, Travelers, Progressive.
For a complete list of auto insurance providers in New York State, visit the NY Department of Insurance website. The Department’s site gives much helpful information about car insurance, legal requirements, how you can get assistance with insurance needs, etc.
Know the Types of Coverage
One way to save money is to know what other types of coverage are available and compare quotes based on this knowledge. Don’t assume a company is offering collision or towing or medical payments insurance in the quote. Read the quote details in full. Collision coverage might be required if you still owe money on your vehicle.
Comprehensive insurance is never required; however, this type of car insurance gives peace of mind if you live in an area where there’s a high rate of car theft or where your car could easily become damaged from weather elements. This is good coverage to have in these cases.
If you’re purchasing a new or used vehicle soon, consider whether or not the car is on the “most stolen vehicle” list in New York State. This list includes many popular automobiles such as the 1990 Toyota Camry, the 1994 Dodge Caravan, the 1993 Honda Civic, the 1990 Honda Accord and the 1994 Plymouth Voyager.
Check out statistics online regarding New York highways and automobiles before choosing a specific vehicle. Then find out what the insurance will cost before you buy.
Once you’ve become familiar with New York State car insurance, go online to a comparison site to gather quotes and contact information from several insurance agencies.
Find out what each has to offer, from types of coverage to discounts. You’ll be surprised at the difference in pricing, and just a little effort can potentially save you hundreds of dollars each year!
It is absolutely essential to have good car insurance. A good insurance plan can provide various benefits if you meet with an unfortunate accident, a mishap or a theft. The monetary pressure on your pocket can be reduced by getting a cheap and best car insurance plan especially if you happen to live in a city such as New York.
Getting the Best Quotes
You can procure good car insurance in New York City by undertaking comparison shopping. You can approach the best insurance companies and get to know about various plans provided by the top insurance companies. In this way you can make your choice after viewing the best options available for you.
You must choose that company that would be able to meet your needs in the most efficient manner and provide you the best deal. Internet would be the best option to provide you with the best deal and the best option.
State Insurance Laws
New York State auto insurance laws are very strict and must be followed by all people carefully. You can also get your registration of vehicle cancelled if you do not maintain your auto insurance policy properly. The driver can also lose his driving license which may be seized by the law enforcement officer.
However the car insurance procedure may not be very complicated. You can compare the various policies and decide on the best quote available to you from various companies.
For this you must follow the New York State car insurance laws carefully. You can get discounts if you own a pre-owned car or if you have installed some safety features in your car.
The area where you would be driving and frequency with which you would be driving your vehicle will also help you get discounts. You can take up research to find about the best plan to suit your needs.
America is the land where people come to find opportunities. It is true that the best opportunities are found in New York City. The stable business environment is the main reason why people prefer to do business there. Every year, small businesses spring up all over New York.
Vehicles that are used for businesses must be insured as business vehicles. If your vehicle has a policy of personal insurance, it is not covered while it is being used for business activities. It is important to think about the implications that changing the nature of insurance policy might have on businesses. It is important to conduct research on the cost of making these changes.
The Auto insurance department of the US government will readily assist you all the information that you need for auto insurance for business. If you are towing anything with a personal vehicle, you will also be required to secure a business policy for your vehicle.
The charges for making these changes in NYC differ with those that apply to other states. It is good to check with the state department of auto insurance in order to have all the information that will make you reduce the cost of doing business. A commercial insurance policy is obviously more expensive than a personal policy.
It is good to take some basic precautions so as to avoid incurring unnecessary costs through poor management of businesses. It is good to hire only the most experienced drivers. Insist on the license checks for every driver that comes to you seeking employment.
If you take precautionary measures such as fitting the vehicle with alarm systems, this will save you a lot of money. It is better to do this since the cost translates in cheaper insurance premiums. The trick is reducing the likelihood of a liability. Sedans and many available economy cars are very cheap to insure compared to other types of vehicles that have less economy, greater risks and expensive as well.
The location of the business will affect the type of insurance cover that you are going to choose. If you locate your business in an area that are known through NYC Business Listing high crime areas, you are going to be charged high premiums since the likelihood of a liability occurring is very high.
If you have more than one vehicle, it is economical to insure the whole fleet using the same insurance policy than insuring each of them independently. A good business is one that is located in a suburban area if insurance costs are to be considered. Auto assurance companies in New York are good at locating the best area where their charges are going to be minimal. They are also committed to explaining even the most complicated aspect of commercial auto insurance policies.
It is good for you to tell them what your plans are and then let them tell you what they think the best option is since they have access to many NY Business Listings. You may also get to the stance of the Federal Department of Transportation when it comes to interstate travel.
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