New York Car Insurance

Like most other states, drivers living in the State of New York are required to carry auto insurance on their vehicles. This can be difficult when their insurance premiums are among the highest in the nation. In addition to the common liability and physical damage coverages, New Yorkers are also required to have Personal Injury Protection or "No Fault" coverage on their policies.

New York City Car Insurance: Required Liability Coverages

New Yorkers must carry minimum Bodily Injury Liability limits of $25,000 per person with $50,000 per accident; Property Damage Liability limits are set at $10,000 per accident. Limits of $50,000 per person Bodily Injury and $100,000 per accident or even higher limits may be purchased for an additional premium. Bodily Injury Liability pays for injuries to other people caused by the person driving the car. In an accident on a policy with minimum limits, each person injured would receive up to $25,000 for their injuries with $50,000 allowed for the entire accident. Property Damage Liability would pay $10,000 maximum for damage to another car or property.

Financial and Health Products

Allstate offers a myriad of financial products. From college savings plans to Individual Retirement Accounts (IRAs), Allstate offers services to help save money during all stages of life. It offers mortgage loans, a wide range of annuities, and several types of life insurance products, including term life insurance and last survivor insurance. Allstate also offers cancer insurance products, disability insurance, and accident insurance. Through Allstate Bank, the Company has certificates of deposit, savings accounts, and checking plus interest accounts available. Allstate has partnered with AIM Investments, American Funds, Fidelity Investments, Lord Abbett, and Oppenheimer Funds to provide different options in mutual funds.

Uninsured Motorist Bodily Injury Liability pays for injuries to the covered individuals in the event of an accident involving an uninsured driver. The limits are the same as Bodily Injury Liability.

New York Car Insurance: Personal Injury Protection

Personal Injury Protection (PIP or No Fault Insurance) covers injuries to vehicle occupants no matter who was at fault. Created in an attempt to reduce litigation, it bars an injured party from suing the person responsible for damages. Additional benefits include a death benefit, lost wages, and disability. Additional coverage of $50,000 is available if desired.

Finding the Best Premium

Getting quotes from several different insurance companies will lead a person to the best rate. While getting a lower premium is important, people should also consider the financial strength and stability of the company they are considering.