Car insurance is a type of insurance that provides protection for you, your vehicle, your passengers, or another party involved in an accident with you. Its main function is to provide physical protection against bodily harm or damage caused by road accidents and from liability which may also arise out of accidents in a car. It is the best way to protect you from huge financial losses. If you own a car, it is compulsory for everyone to have car insurance.
In case of an accident, it is obligatory to have car insurance. There are two types of car insurance namely comprehensive auto insurance and collision auto insurance. Comprehensive auto insurance covers for all types of damage to your vehicle, irrespective of whether the accident happens at your place of work, at a school, on a public highway, etc. Comprehensive auto insurance is also popularly known as full coverage or full-coverage.
Comprehensive insurance covers for damages done to your vehicle even in the event of no fault of yours. Therefore, cheap new car insurance companies in NY have launched an offer for new drivers. This offer has been made in order to attract new drivers and to encourage them to drive safely on the road, so that the driver can avoid accidents and have low claims.
Car insurance coverage is mandatory and cannot be ignored. According to NY law, all persons who drive or shall act as operators of any vehicle on the roads of the state shall be covered under car insurance. Auto insurance coverage offered by New York auto insurance companies includes personal injury protection or PIP, collision damage and medical payments. Other types of car insurance coverages include collision coverage and comprehensive coverage. The rates of these policies vary depending upon various factors. These include your age, the place where you live, your experience as a driver and your driving record.
In case you are a student, you can opt for uninsured motorist property damage coverage to protect you in case you meet with a car accident that was caused by somebody driving without sufficient insurance. Collision and comprehensive coverage can be useful as well, if the damage to your vehicle is less than the actual value of your vehicle. In such a situation, you will have the option of either paying the repair cost or getting compensation from the insurance company.
However, there are times when you will face car accidents that are not your fault and there may be other persons injured in the accident as well. Under this type of circumstances, you will need additional medical coverage for bodily injury. You can opt for the uninsured motorist property damage coverage if the other persons are not covered under the personal injury protection. The uninsured motorist property damage coverage pays for property damage due to car accidents as well as injuries to people or pets due to car accidents. Under the umbrella policy, you will be able to get more benefits if the other persons are injured and receive treatment for their injuries.