WalletHub, Financial Company
@WalletHub
You need $25,000 in bodily injury liability insurance per person ($50,000 per accident) plus $10,000 in property damage liability insurance to drive legally in New York. The New York liability insurance requirements can also be written as 25/50/10. In addition, drivers in New York will need to purchase $50,000 in personal injury protection (PIP) and uninsured motorist bodily injury coverage equal to the minimum required liability limits to satisfy the state’s minimum car insurance requirements.
Even though New York only requires 25/50/10 in liability insurance, drivers should consider buying more coverage if they can afford it. If you cause an accident that results in damage beyond your policy limits, you will be personally responsible for paying the difference. And no matter what, you should be sure to fulfill the minimum New York car insurance requirements to avoid facing consequences for driving without insurance.
Finally, drivers should also consider purchasing other types of car insurance in order to better protect themselves, given that liability insurance does not provide any coverage for the policyholder’s own injuries or property. For instance, collision insurance covers damage to the policyholder’s car regardless of fault. And comprehensive insurance pays if the policyholder’s vehicle is damaged by something besides an accident, like a natural disaster or vandalism.
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