New York Auto Insurance Requirements
In this article, we discuss the New York auto insurance requirements and what it means if you are caught driving without any type of car insurance. Contact our office today to schedule a free consultation if you have additional questions.
New York Auto Insurance Requirements | State Laws
New York has very specific insurance laws regarding the operation of a vehicle. Insurance must be issued and company licensed by the New York State Department of Financial Services. The registration and insurance must be listed under both the same name and the same address. The minimum insurance requirements are as follows:
- $25,000 bodily liability maximum for one person injured in an accident
- $50,000 bodily injury liability maximum per incident
- $10,000 property damage liability maximum for one accident
Our Buffalo law firm can provide you with aggressive defense if you have failed to meet the minimum requirements. We can swiftly resolve any simple oversight and restore your driving privileges promptly.
New York Auto Insurance Requirements | Penalties
New York has established minimum insurance requirements to operate a vehicle. If you have failed to maintain insurance coverage on your vehicle, you can be subject to receive a citation from a police officer and the potential of financial loss if an accident has occurred. Driving without the minimum insurance in NY is a criminal offense carrying the following serious consequences:
- Driver license suspension up to a maximum of three years
- Suspension of vehicle registration
- Excessive fines
New York Auto Insurance Requirements | Liability
Letting someone borrow your vehicle is a common occurrence. However, know that if you do, you assume liability for that person. If you do not have the required insurance and the person is in an accident, you may be held liable.
New York law states that vehicle owners are liable whether they drive their vehicle or allow others to drive. The penalty is loss of your driver license for at least one year ― the same penalty if you were the one who actually had the accident while uninsured. In addition, you may need to pay in full many other fines, fees and costs, often as high as $1,500, prior to applying for a new license.