Know the Insurance Requirements in New York City?

Answer 1

If you are a driver in New York City, then there are some things you might not know about auto insurance that are important. New York City is one of the busiest cities in the country, so if you don't have to drive, then try using public transportation. However, if you need to drive a car, you will be required to have insurance coverage on the vehicle.

Thinking that you can drive a car in the city with no insurance is like thinking you can drive without a seat belt. If you are pulled over for any violation and the officer finds that you do not have coverage, you can be given a citation or a ticket. If you have more than one violation, you may find yourself in jail. You will also not be covered if you are in an accident if you do not have insurance. Sometimes drivers cannot afford the most expensive insurance coverage, and this is alright. The minimum coverage that you need is $25,000 for one person and $50,000 for others that are involved in the accident if they are injured. Property damage minimums are $10,000. This means if you have an accident and you do more damage than what you have covered, you may have to pay the balance out of your own pocket. Some drivers go ahead and get the higher coverage so they know they will be covered if anything severe happens while they are driving.

Drivers often worry if they will have their insurance cancelled. New York City does not cancel insurance unless there are circumstances that demand for the coverage to be cancelled. One of the reasons insurance would be cancelled is if your driver's license has been suspended. You should also be truthful with your insurance company. If they find out you have lied about anything on your policy, they can cancel your insurance, and it may be hard to get a new policy in the city.