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How Much is Auto Insurance in New York First Time Driver

How Much is Auto Insurance in New York First Time Driver - You may be wondering why I should pay towards auto insurance when I do not get anything in return. When you are a new driver or owner of a new car, it may be still frustrating. But, you must understand that auto insurance is only for your protection from unnecessary financial losses when you encounter with car accidents. You must understand that auto insurance will provide answers to some of your worries about car accidents. We shall discuss auto insurance facilities in New York in the forthcoming paragraphs.

Auto Insurance in New York First Time Driver


Auto insurance is mandatory in New York as in any other State of US. The minimum New York auto insurance requirements are as given below.

  • Bodily Injury: $25,000 per injured in an accident and $50,000 for all persons injured in an accident.
  • Death Benefit Coverage: A driver must carry a minimum of $50,000 per person killed in an accident and $100,000 for all persons killed in an accident.
  • Property Damage Liability: A driver must carry a minimum of $10,000 towards property damage caused in an accident.

Auto accidents can cause serious damage to your body and vehicle. It can also cause serious setback to your future financial status. Sometimes, car accident expenses can be unimaginable and overwhelming. Only a proper auto insurance New York can save you from these financial disasters.

Auto Insurance in New York
Auto Insurance in New York


Auto Insurance Coverages:


The following auto insurance coverage is essential for a car owner or a car driver in New York.

Liability Coverage: If you are responsible for an auto accident then you are liable to pay for the damages or injuries to third parties. This liability coverage will meet the resulting expenses upto your insurance coverage limits.

Property Damage Liability: Suppose you are held responsible for an auto accident in which private or public properties are damaged, then this insurance coverage will meet the expenses towards the repair charges of the damaged properties upto your insurance coverage limits.

Uninsured/Underinsured Motorist Coverage: In spite of strict enforcement of laws, there may be drivers who may remain either uninsured or underinsured. When you confront accidents with these type of drivers, this insurance coverage will protect you from the resulting expenses.

Auto Insurance Companies in New York: Many reputed auto insurance companies are functioning in New York to serve for the benefits of car owners and car drivers. These companies offer auto insurance quotes through their official websites. One can visit these companies and get the quotes in person. While shopping for auto insurance, you are required to compare auto insurance pertaining to a minimum of five companies, study the policies thoroughly, look for the insurance coverages and finally choose the best one.

General Views: While shopping for auto insurance, there is nothing wrong in looking for the cheapest auto insurance quotes. At the same time, the prospective company, you choose, must be financially stable, must provide good customer service, must dispose of the claims in quicktime and the like. This is because you should not repent for choosing a wrong company that offer only cheap auto insurance and not a good service.

Cheap Auto Insurance Quotes: When considering the cheapest auto insurance quotes, a study has revealed that the insurance companies such as Geico, Erie, Progressive, Nationwide and State Farm offer cheap rates of auto insurance premiums which are reported as $825, $1149, $1493, $1497 and $1519 respectively. But these are only rough estimates and the premium rates depend on various factors and the insurance coverages demanded. The most cheapest auto insurance quotes is actually the minimum liability insurance requirements as required by law.

You can get online insurance quotes from the websites of many leading insurance companies. You have to compare these quotes in respect of same coverages and choose an affordable auto insurance that fulfils your needs. However, the coverage limits, you choose, must be equal or higher than the minimum requirements.

Factors that Decide Auto Insurance Rates: In general, auto insurance premiums are determined by the insurance companies based on several factors such as your age, gender, type of vehicle, driving history, the area in which you live, where you park your car and the like. Besides, in New York, there are some more factors that are responsible for the decision of auto insurance premiums and they are traffic patterns, population demographics, cost of the goods and services and the like. These factors also contribute to the cost of insurance rates.

Auto Insurance Discounts: There are a number of discounts offered by the insurance providers that help reduce the cost of auto insurance premiums. You may be eligible for some of these discounts and you have to wisely avail these discounts in order to lower your premium rates. Some of the possible discounts offered are as given below.

  • Passing of accident prevention course
  • Fixing of seat belts and air bags in your car
  • Installing anti lock braking system
  • Installing anti theft devices
  • Maintain an accident free record
  • Multi policy discount
  • Multi car insurance policies.

Why Should I need Higher Coverage?

Assume that you have the minimum insurance coverage and you get into an accident with a few passengers. Your insurance would cover $25,000 for bodily injuries per person and upto $50,000 for an accident irrespective of the number of persons injured. Suppose there were four persons injured in the accident then you may have to meet the medical expenses beyond $50,000 in case of serious injuries. In this case, the minimum insurance coverage as required by the law,  will be insufficient. That is why the insurers recommend to have higher coverages that that of the minimum requirements.

Of course, whether you need higher coverages or not is purely your personal decision. It is safe if you have that higher coverage.

Conclusion: Now, you might have understood the facilities made available by the insurance companies in New York and the importance of buying an auto insurance. It is also your duty to produce insurance proof when demanded by the concerned officers. Failing which, you are liable to be fined or jailed. Similarly driving under the influence of alcohol is also a great offence that attracts severe punishment. Be a loyal citizen by obeying traffic rules and by purchasing a valid auto insurance that saves you from financial crisis.


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