New York Auto Insurance Quote – The Fundamentals

If you’re planning to get an auto insurance policy, it is important that you secure a New York auto insurance quote. It is always ideal to wait for all offers first from various insurance companies and go thru each one to evaluate the best deal taking into consideration the premium and coverage being offered. New York and its cities are home to busy roads and highways, and the state follows a no-fault law (meaning each motorist involved in any accident will pay for his or her own damages). Here are some guidelines to help you when you are doing your research:

The Minimum Amounts – when getting your New York auto insurance quote, aim not to go below these amounts:
- $25,000 for bodily harm (that does not result in death); up to $50,000 for any injury leading to death, applicable for any person involved in one accident
- $50,000 for bodily injury (not resulting in death) suffered by two or more persons in any one accident, or $100,000 for any injuries resulting in death sustained by two or more persons in any one accident (with a per-person limit as stated in the first rule)

These minimum liability limits, oten referenced as, the “$25,000/$50,000/$100,000″ or “25/50/100″ are also implemented in the similar manners in other states. Remember that the minimum limit of coverage required by law for property damage liability protection, for damage to another party’s car or property, is $10,000 per accident.

Coverage 101 – further considerations and additional coverage for your insurance policy:
- reasonable and urgent medical and rehabilitation expenses due to the accident (as per established fee schedules)
- $25 a day, for up to a year from the date of the accident, to reimburse other reasonable and necessary expenses, (e.g., household help, and transportation expenses to/from medical treatment) resulting from the auto accident
- in the event of inability to work, 80% of lost income will be covered, with a ceiling of $2,000 monthly for 3 years maximum from the time of accident
- $2,000 worth of death benefits, payable to the estate of a person eligible for No-Fault benefits but killed in a motor vehicle accident

Look for these basics when you are applying for a New York auto insurance quote. If you need help or more information, useful resources are available at http://www.01insurance.com/.