NYS Auto Accident Insurance

The State of New York, like every other state in the union, has specific requirements for automobile insurance. New York state auto insurance (NYS auto accident insurance) requires that motorists carry three specific types of insurance to protect themselves and others in the event of an auto accident. These three types of insurance will be familiar to anyone who lives in a “no fault” or partial no fault state like New York. In addition to New York, the so called no fault insurance states are Florida, Michigan, New Jersey, Pennsylvania, Hawaii, Kansas, Kentucky, Massachusetts, Minnesota, North Dakota and Utah. Each of these states has some form of a no fault insurance law, although some of the specifics may vary from state to state.

NYS auto accident insurance law requires that drivers carry the following types of automobile insurance:

• No Fault or Personal Injury Protection (PIP) insurance coverage. This portion of the insurance pays medical expenses and lost earnings for a passenger or a driver injured in your vehicle or a pedestrian that is injured by it. New York state auto insurance law requires PIP coverage of at least $25,000 per person and $50,000 total.
• Liability insurance coverage to pay for damages you may cause to other people’s property. The minimum amount of property damage liability coverage required by New York state auto insurance laws is $10,000. The minimum limits of these two forms of coverage (PIP and liability) are commonly referred to by a three-part ratio: 25/50/10.
• Uninsured (or underinsured) motorist insurance coverage. This portion of the insurance coverage is to compensate you for damages caused by another party that does not have adequate insurance coverage. You would file a claim against your own insurance policy under this coverage in that situation or if you are the victim of a hit and run accident.

Knowing and understanding the laws of your state are, of course, your responsibility. The information offered here is in no way meant to be construed as legal advice and is intended for informational purposes only. For answers to specific questions about the insurance laws in New York or any state, your best bet is to consult an attorney or your insurance agent.