The New York auto insurance requirements stipulated by law are:

$25,000 for bodily injury to one person, $50,000 for bodily injury to all persons

and

$10,000 for property damage in any one accident.

Mandatory “no-fault” coverage of $50,000 is also required.  The law also requires all auto insurance policies to provide uninsured motorists coverage (for bodily injury), subject to the same minimums. Additionally, SUM (Supplementary Uninsured/Underinsured Motorists) coverage may also be purchased, in amounts up to the bodily injury limits of an insured’s own policy. An insurer must offer SUM limits of $250,000 per person per accident and $500,000 per accident ($250,000/$500,000) if a person has bodily injury limits of that amount or higher.

Please note that these are minimums required by New York state law, not suggested coverage amounts. The simple fact is, each state’s minimum requirements are typically inadequate to sufficiently cover your costs should you be involved in a major accident. The shortfall will have to be made up out of your own pocket. Obviously, having to pay this difference could easily destroy one financially. Therefore, it is highly recommended to get much higher coverage amounts. Consult pages elsewhere on this site for recommendations in this regard.

New York Auto Insurance Requirements – More Information

For more information regarding auto insurance requirements in New York, contact the state’s insurance regulatory agency:

NEW YORK – DEPARTMENT OF INSURANCE

25 Beaver Street
New York, NY 10004 United States
Phone: 212-480-6400
FAX: 212-480-2310
Web: http://www.ins.state.ny.us
Description: Eric Dinallo, Superintendent of Insurance Designate

Also see:

http://www.ins.state.ny.us/faqs/faqs_auto.htm

Note that this information, like all information provided on this site, is provided for as a general guide and is for reference purposes only and should in no way be considered legal advice. Contact the appropriate regulatory agency for the state in question for definitive answers that apply to that state.