Every driver in the state of New York is required to maintain Auto Insurance. The insurance is mandatory as the state wishes to protect those who are injured or suffer property damage or a loss due to an auto accident. When it comes to auto insurance in Babylon NY, the state has established limits that must be met, and imposes penalties on those who don’t meet the minimum auto insurance in Babylon NY requirements. The more one knows about the insurance requirements, the safer he or she will be every time they get behind the wheel.
New York requires that every driver maintain liability insurance in the amount of $25,000 per person or $50,000 per accident for injuries sustained in a motor vehicle accident. In addition, the driver must have $10,000 for property damage protection in any one accident and insurance to provide $50,000 per person or $100,000 per accident, if one or more parties sustain fatal injuries in an accident. Furthermore, the driver must have coverage of $25,000 per person and $50,000 per accident for uninsured and underinsured motorists along with $50,000 for basic no-fault insurance.
If you happen to be involved in an accident with someone who does not have the proper insurance coverage, you will be responsible for any financial losses and damages unless you have uninsured/underinsured motorist coverage. When you are involved in an accident, your insurance company pays for your car, no matter who was responsible for this accident, because New York is a no-fault state. This helps to reduce personal injury suits and actually saves you money, although one may still bring a personal injury suit, with the help of an attorney or the insurance company.
The state imposes penalties on those who drive without the proper insurance coverage. If a driver lets his or her insurance lapse, the state may suspend not only the registration of his or her vehicles, but may also suspend the driver’s license. When you drive an uninsured vehicle in the state or allow another person to do so, you may lose your license for a year, and you may be fined or end up in jail. For this reason, auto insurance is necessary in New York. Make sure you are never without.
