Motor vehicle liability insurance covering damage caused to another person as a result of an accident and with the following minimums: $25,000 for injuries sustained by one person, $50,000 for injuries sustained by several persons, $50,000 for the death of one person, $100,000 for the death of several persons, $10,000 for property damage.
– no-fault automobile insurance covers expenses incurred as a result of an accident, regardless of who was at fault, has a limit of $50,000 per person and covers your medical expenses related to the accident, 80% of income lost due to injuries caused by a car accident, $2,000 per month for up to three years, to a maximum of $25 per day for expenses such as housekeeping (for up to one year from the date of the accident) and a death benefit of $2,000 plus $50.
– Uninsured motorists’ insurance covers the costs related to injuries resulting from a road accident and the minimum for bodily injuries is $25,000 for injuries sustained by one person and $50,000 for injuries sustained by more than one person.
You should have several types of auto insurance and also purchase higher amounts of coverage with one of the following: Collision, Comprehensive, medical and funeral services or towing and labour services.
Without car insurance, you must immediately return your car’s license plates to the “DMV”, or your car’s registration and driver’s license will be suspended indefinitely. You must hand in your license plates if your car insurance is delayed, to avoid suspending your vehicle’s registration. If you do not surrender your licence plates and your insurance period exceeds 91 days, your driver’s licence will be suspended and the reinstatement fee will be $100. Return your vehicle’s licence plates to VDD to avoid suspension of your licence or driver’s licence within 90 days of the expiry date of your automobile insurance. Instead of giving your plates, you have the option of paying a fine based on the length of the delay. As a last resort, when you have difficulty finding auto insurance, apply for auto insurance through the New York Automobile Insurance Plan (NYAIP). NYAIP offers high rates and assigns an automobile insurance company that will provide you with coverage for a minimum of 3 years. You can cancel your NYAIP insurance when you find an insurance company at the standard rates.