Getting Your Vehicle Properly Insured in the State of New York

by | Feb 28, 2013 | Finance & Insurance

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In the State of New York, all drivers must have car insurance in minimum amounts. If they fail to do so, then they can face stiff penalties and fines. car insurance Long Island and auto insurance in other parts of the State are higher than people pay in other locations, but people can get the rates down if they qualify for certain discounts. The minimum requirements of the state include liability insurance which encompasses bodily injury and death coverage. These are in the minimum amounts of $25,000 per individual injured in a single accident, $50,000 for a single death in the accident, $50,000 for two or more people injured in an accident, and $100,000 for deaths of at least two people in an accident. Drivers are also required to carry property damage insurance and underinsured or uninsured motorist insurance.

Knowing What to Expect When You Go to Get Insurance
When you go to get insurance, you will be able to go to the agency in person, call for a quote, or do online comparisons to see what insurance company might best meet your needs. In most cases the insurance company will give you a quote within 5 minutes, and they will even sign and seal the deal on the same day if you need the car insurance quickly. You can’t drive without insurance, so time is of the essence if you need your vehicle to go to work or run other errands. When they give you a quote, they will only quote the minimums. You need to tell them that you would like to purchase additional insurance. While the premiums might be a little higher, it will keep you safer since you won’t have to worry about being sued if you are in a bad accident that costs much more in claims than what minimum coverage amounts are.

Tap Into Savings When You Get Car Insurance
There are many ways that you can save on car insurance. The best way you can save is to have your homeowners insurance and life insurance policies with the same company that you have your car insurance through. This will give you a multi-policy discount, and this is the largest savings discount that you can get with insurance. You can also save money by looking at multiple companies before selecting one. Since the market is extremely competitive, insurance companies will fight for your business. They may have discounts available that are specific to their company as well, such as good driver discounts. Some companies may even give you a rate cut if you have your bill sent electronically rather than through postal mail, because it saves them money in overhead costs. Ask your agent to give you a detailed list of all discounts that are available.

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