- New York State stipulates that is mandatory to have liability auto insurance if you own a car that is registered in New York State. Moreover if for instance your insurance lapses for any reason, your registration will be suspended even if it is valid.New York state law requires minimum Bodily Injury Liability limits of $25,000 per injured person up to $50,000 for bodily injury to all persons, Property Damage Liability coverage with a minimum limit of $10,000 and Personal Injury Protection (called No-Fault) which refers to medical insurance for yourself and your co- passengers in your own car, but it also includes coverage for loss of wages and services. The minimum protection is $50,000 per person. Your insurance company will pay for this. This basic coverage is often referred to as 25/50/10 coverage.
The state of New York follows a No-Fault system which means that your insurance company will make payments for your injury claims regardless of fault, up to a specified limit. However you lose some of your rights to sue under this No-Fault system. Details of a no-fault system vary from state to state. The average annual insurance payments for a car owner in New York City at 2009 rates amounts to $2471 at current estimates.
The major insurance companies that offer auto insurance in New York City are:
1. All State (http://www.allstate.com/) call toll free for a quote at : 1-866-621-6900.
2. Geico (http://www.geico.com/) call toll free for a quote at : 1-800-861-8380.
3. Progressive (http://www.progressive.com/) call toll free for a quote at :1-800-776-4737
4. State Farm (http://www.statefarm.com/)