Auto insurance protects you against financial loss if you have an accident. It is a contract between you and your state or New York auto insurance company. You agree to pay the premium, or your yearly fees, and your state or New York auto insurance company agrees to pay your losses as defined in your policy.

Your state or New York auto insurance provides property, liability, and medical coverage:

• Property coverage pays for damage to or theft of your car.
• Liability coverage pays for your legal responsibility to others for bodily injury or property damage (BI/PD).
• Medical coverage pays for the cost of treating injuries, rehabilitation, and sometimes, lost wages and funeral expenses.

You state or New York auto insurance policy is made up of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. Your lender may also have requirements, if you're financing a car.

Most state and New York auto insurance policies are for six months to a year. Your insurance company should notify you by mail, or e-mail if you have that option, when it is time to renew the policy. Your state or New York auto insurance premium is the six-month or yearly amount you pay for your coverage.

To find an independent New York auto insurance agent, visit www.01insurance.com