Getting no fault insurance can vary a lot in price. I would recommend researching as much as you can about car insurance. For example, you can often opt for simply storage insurance coverage and pay as little as $20 per month.
You should be made aware of New York’s requirements for auto insurance. First, insurance coverage must be at least $25,000/50,000 for injury, $50,000/100,000 for death and $10,000 for property damage. New York is considered a no fault state. Remember, even if your car is not being used your insurance must remain in effect as long as it’s registration is valid. Motorcycles don’t have this requirement, as different insurance laws apply here. I would recommend looking into storage insurance if your car is only being used during the summer months.
You insurance carrier must be a New York insurance company. Using a an out-state company is not valid and your insurance will not be accepted is you are involved in accident. Upon receiving your insurance coverage your carrier is required to provide 2 insurance cards to you that will have a bar code strip on the back of it. You will need this when going to the DMV. The DMV will not accept any out of state insurance documents.
Finding an insurance company. This isn’t always an easy task to undertake. I would go with the one that you feel the most comfortable with. Response time to replace your vehicle should be important to you, if you happen to ever have to deal with that.
By: Frank Merrill
Posts Tagged ‘Insurance’
Getting Auto Insurance In NY – Where To Get It
February 4th, 2010Auto Insurance – The Questions You Ask
January 25th, 2010
Once you own a car, it becomes mandatory by law that you get a minimum insurance cover at least to ensure the safety of other road users. Since it is compulsory, you need to note some these facts.
You need to first know the types of car insurance.
The first is Liability coverage which is actually compulsory because it protects other road users. You can in addition to this take up a collision coverage which pays you for damages to your car caused by accidents. You can also decide to take up a comprehensive coverage to take care of any damage to your car. Adding a personal injury coverage will ensure that whatever injuries sustained in an accident would be taken care of.
You need to decide exactly what you want and then look at the types of coverages that are available and pick policies that soot your need.
Next know the implication of your deductible. What is this?
This is the amount you are required to come up with before the insurance company would make good on your claim. The rule for this is simply this. The higher the deductible you choose, the lower the rates you pay and the lower the deductible you choose, the higher the rates you pay. A lot of people rush into choosing the lowest deductible possible thinking they have a wonderful deal. You would likely be better of with a higher deductible and a lower premium.
Find out what is the minimum coverage for the state you live in as the minimum vary from state to state. Knowing this, you can the decide if it is okay for you or need to get more.
A lot of people pay a lot more than they should pay simply because they did not take enough time to compare several quotes before committing to one.
Free quotes are one of the most effective tools for getting the best deals on your insurance. Many don’t believe until they have tried it.
Try it, get and compare as many quotes as you can before making a commitment and you would testify to how it saved you a lot of money.
Don’t take my word for it, get free online quotes now and decide for yourself if it is worth it. What do you loose, since it is absolutely free of charge and obligation.
In fact, start with these two.
By: Chimerenka Odimba
Auto Insurance Ripoffs
January 23rd, 2010
When you pay your monthly car insurance premium, you may wonder why its so high, and whether you are being scammed. In fact, however, the culprits are usually the people with the insurance, and not the companies providing it. Want to know why? Here are some of the most common auto insurance ripoffs:
Sometimes people will use their insurance to get a new car when their old one is just about to give out. If the driver gets into an accident just as the engine hits 150,000 miles, for example, you have to wonder.
Other dishonest drivers stage a low speed accident, and then claim thousands in medical bills, sometimes going so far as to claim permanent disability.
Taking this a step further, the scammer may even bring a few friends along for the accident, and then claim that these passengers also suffered injuries. The friends settle for a goodly sum, and then give the primary culprit a percentage of their take.
What may seem like a relatively minor scam, but can actually run into serious money is the person who, wanting to make sure that parts are replaced and not just repaired, will intentionally cause additional damage after the accident.
Finally, it may not be the owner of the car but the repair shop who devises the scam. Some shops will drastically inflate the costs of repairs, reasoning that the money isn’t really coming out of anyone’s pocket.
Insurance companies that provide auto coverage have a few defenses against scams. One is the use of deductables. Since the insurance holder has to pay out of pocket the full amount of the deductable before the company has to pay anything, this theoretically reduces the incentive to use insurance. Second, making a claim against your insurance can result in a significant increase in premiums, and this increase can be applied for years. Again, this discourages frivolous and fraudulent use. Finally, fraud is a criminal offense, and offenders can be prosecuted. Those convicted may face jail time.
In the end, though, the people who are hurt most by fraud are the innocent people who do nothing wrong. They are the ones who have to make up for fraud losses in the form of higher premiums. Because every auto insurance quote has some amount factored in for fraud.
By: Aiden Matthew Wilson