New York auto insurance costs rank amongst the highest throughout the entire United States. In 2009, the average premium in New York State was $2,394. This equates to an astonishing $659 above the national average throughout the same period. Many of the additional costs that are payable in relation to New York auto insurance policies actually arise from the high levels of compulsory cover needed.
Drivers in New York are entirely responsible for the cost of their own injuries in the event of a motoring accident but independent lawsuits can be taken out against individuals if those injuries are deemed to be excessively serious or exceed the medical costs afforded by personal injury protection.
New York auto insurance states that a driver must have $25,000 of bodily injury liability cover and $50,000 worth of cover for an injury that causes death to a single person. Furthermore, motorists must have $50,000 worth of cover for injury to two or more persons as well as $100,000 worth of cover for any injuries that cause the death to two or more other parties.
New York auto insurance also requires drivers to have $25,000 of cover for protection against uninsured motorists up to a maximum of $50,000. Motorists also require $50,000 of minimum cover for personal injury protection and $10,000 of minimum cover for property damage liability.
Lapses in New York auto insurance are heavily punished and motorists can face fines that operate on an incremental level up to a maximum of $900. Drivers are advised to surrender their license plates to their local DMV if they are aware of any forthcoming lapses in their New York auto insurance policies.