New York High Risk Auto Insurance
The state of New York has 174 companies currently licensed to underwrite and sell insurance policies for automobiles. Among these, some of the ones most likely to offer high risk auto insurance are AIG, Atlantic Mutual, Countrywide, Esurance, Foremost, Geico, Sentinel, and State Farm.
The state of New York operates under a no fault system of dealing with accidents. This means that your insurance will be responsible for paying your medical and property repair expenses arising from an accident up to a point, regardless of who is at fault.
In an effort to protect drivers and their property, the state has enacted some minimum liability insurance requirements that must be met by all drivers operating vehicles on the roadways. These minimum insurance requirements are Bodily Injury Liability of $25000/$50000 per individual/accident, Property Damage Liability of $10,000, uninsured/underinsured motorist bodily injury of $25000/$50000, and Personal Injury Protection (PIP) of $50000. These are minimum required for driving a vehicle in New York; however, higher premiums may prove to be more beneficial.
The state of New York requires all drivers to carry an insurance id card in the vehicle with them at all times. In addition, the state has a database in place that is updated by the insurance companies showing all new policies and cancelled policies. Both the paper proof and the electronic proof are required to register a vehicle in the state of New York. As with most states, you need to follow the NY rules to avoid needing high risk auto insurance.