New York Auto Insurance Information
No-fault insurance means all drivers must purchase minimum Personal Injury Protection (PIP) insurance and
Damage Liability (PDL) insurance. The minimum for PIP is $50,000, while the minimum for PDL insurance is
Opt for larger limits if you can afford it, since these amounts may not prove adequate in a serious car
PIP insurance covers the medical expenses of the driver and any passengers in the vehicle at the time of the
accident. In a worst-case scenario, PIP also covers necessary funeral expenses.
PDL insurance covers damage to the property of others incurred by the insured’s car. It does not, however, pay
damage to the insured’s car. For that, the person must have collision or comprehensive insurance. Comprehensive
collision coverage is not required in New York, although it is likely required by a lender if the owner still
car loan or if the vehicle is leased.
New York requires motorists to have Bodily Injury Liability (BIL) protection, with minimum coverage of $25,000
person with a $50,000 limit per accident. BIL covers expenses relating to the injury or death of another driver,
a cyclist or pedestrian, when the insured is at fault.
The state also requires uninsured motorist coverage limits of $25,000 per person or $50,000 per accident if an
accident occurs with an uninsured or underinsured driver who is at fault. While some states have separate
underinsured motorist provisions, New York groups uninsured and underinsured together.
Car owners may also decide to purchase Optional Basic Economic Loss (OBEL) coverage, which adds another $25,000
PIP for economic loss. OBEL helps pay for expenses incurred due to an accident, such as ambulance charges and
SR22 Insurance in New York
In many states, SR-22 insurance is a vehicle liability
policy required for high-risk drivers, such as those
of driving under the influence or another traffic offense. New York is among the few states that do not require
SR-22 certificate of financial responsibility, although it does have a minimum liability insurance requirement.
driver cannot obtain an out-of-state filing for an SR-22 policy in the Empire State.
While there is no SR-22 insurance per se, New York does have ways in which those who cannot qualify for liability
insurance can obtain an alternative certificate of financial responsibility, although these alternatives are
costly. The individual can deposit $150,000 in cash or securities with the New York State Department of Motor
Vehicles (DMV) as insurance in case of an accident, or file a surety bond with the DMV issued by New York
State-licensed surety company. The surety bond company guarantees a person will pay the necessary expenses if
involved in an accident, and if they cannot do so, the bond company will pay. Those owning at least 25 motor
vehicles have the option to self-insure.
New York Driver Statistics
The fourth-largest state in the country with a population nearing 20 million, New York State consists of two
In the South is New York City, the most densely populated city in the U.S. The New York City suburbs extend into
Long Island and Rockland and Westchester into Dutchess Counties, and then there is the rest of the state. Much
upper New York State is rural, and the next largest city in the state, Buffalo, has just 250,000 residents.
the streets of New York City are full of vehicles at any time of the night and day, and congestion is common,
city residents do not drive cars and depend on subways and buses for transportation.
New York Auto Insurance and Accident Facts
According to the New York State Department of Health, motor vehicle crashes remain the leading cause of
injury-related death for state residents. On average, there are approximately 1,100 deaths each year due to
vehicle accidents, which works out to the death of 5.6 of every 100,000 New Yorkers annually. Male drivers lead
the highest death rates, those aged 65 and over most likely to die in traffic accidents, followed by ages 20 to
Each year, there are roughly 12,000 hospitalizations from motor vehicle accidents, which is a rate of injury of
for every 100,000 New Yorkers. The hospitalization rates are again highest for males, but those aged 20 to 24
the highest rates of hospitalization, followed by those aged 65 and up.