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Gap Car Insurance New York NY

Reader’s Question:

I know that I would need to pay extra for gap insurance for a car that I will loan here in New York. Once I get the new car, is it automatic that it already has gap insurance coverage or do I have to purchase it from my car insurance provider?

Ace

Bronx, NY

A lot of car loan contracts already have gap insurance coverage but need you to be in complete conformity with the loan so that the gap insurance coverage would pay out. Majority of gap insurance policies that are included in a loan contract need you to keep on making monthly payments until the gap payment is completed. If you will loan a car from a bank, they likely don’t have a contract that gives you an automatic coverage for gap insurance. A lot of car insurance companies offer gap insurance but some big companies don’t.

If you loan a car and would like to buy gap insurance from an insurance company, please note that most insurers only offer gap insurance for those who have purchased brand-new, untitled vehicles and those who already have collision and comprehensive coverage. So if the gap insurance is not included in the finance contract, it is suggested that you buy this coverage when you initially buy insurance for the new car in New York, since this is the time when the gap is the biggest. Other car insurers would let you buy gap insurance up to 11 months after buying your vehicle, or if the vehicle is in the model year in which the insurance is bought.

Tags: car insurance, gap insurance

Rental Vehicle Insurance New York NY

Reader’s Question:

I’ll be out on the road on official business and would have to rent a car. In case I get into an accident, will my employer’s insurance provider give me coverage or do I have to file the claim to my own insurance provider here in New York?

Gary

Islip, NY

If you will be out on the road on official business and would have to rent a car, you have to be certain that you inform the rental vehicle company that you are there for business. In case you get into an accident, the rental vehicle company know that they have to contact the insurance provider of your employer. In case that you will use the rental vehicle for both business and private reasons, the insurance provider would have to find out whether you were doing business during the accident. If you get into a crash during rush hour, it will be more likely that the insurance provider of your employer will give you coverage. But if it happens at 2 am, they will almost certainly not cover you for that.

In this case, your own car insurance coverage in New York would normally cover you if you are driving a rental vehicle. However, you need to make sure of that with your car insurance provider. That car insurance coverage must be useful in all of the states. Every policy would cover you and consequentially be adjusted to the minimum liability coverage for that state.

Tags: business car insurance, car insurance, rental car insurance

Car Insurance Factors New York NY

Reader’s Question:

My friend here in New York, says your auto insurance rates are based on the car I drive and how many miles I drive each day, is this true?

Bruce

Buffalo, NY

Your friend is correct, auto insurance premiums or rates are based on many different factors and one of them would be the type, make and model of your vehicle there in New York that you will be placing under your policy. The manufacturer, safety rating, and tag price of the vehicle will have a major influence in the overall computation of your insurance premiums. Expensive, top of the line vehicles and certain car types and models are highly susceptible to car theft and vandalism, increasing your chance of filing a claim in the future. It might be interesting to also note that additional safety and security mechanisms like Automatic Seat belts, dual airbags, Anti-theft Devices etc., can actually help in making your insurance rates lower.

Other factors that may affect your auto insurance premiums include:

1. Age – Teenagers and Elderly Citizens rank the highest, respectively, in getting involved or killed in road accidents among all drivers.
2. Marital Status – Married people are, statistically speaking, less prone to get involved into car accidents than single people.
3. Driving History – Insurance providers can examine driving records up to three to five years back. This gives them a good idea if you are eligible to receive discounts like Good Driver Discounts, or if you will need to be tagged as “High-Risk” with a corresponding higher rate.
4. Insurance Claims History – Similar to your driving record, the insurance provider will also look into how many times you’ve filed a claim and how many were approved. Those who tend to file claims frequently may get higher premiums.

Tags: auto insurance policy

Car Insurance Policy New York NY

Reader’s Question:

I have been living here in New York for quite long and what bothers me is the law in this state which is “no-fault system”. Is there anything hidden in this law of New York? Does it have something to do with the minimum requirement of the state of New York?

Tracy

Islip, NY

It is true that every law, policy or system has a loophole including the “NO Fault System” here in New York. “No Fault System” means that there is no one to be blamed if a car accident happens. Both drivers in the accident have to divide both expenses.

The loophole of the “No fault System” requires all New York drivers to purchase a Liability Policy and a Personal Injury Protection which will compensate all the damages and medical expenses that have been incurred by the accident. Another thing that New York requires to all the drivers to have an uninsured/underinsured motorist insurance that will pay for the damaged car or injured person that was incurred by a person who doesn’t have any insurance or a person who doesn’t cover all the damages acquired, this policy also covers those victims of hit and run. The no fault system is actually good for those citizens who have their own car insurances and covers everything in any situation they get themselves into. If you learn everything your state has to offer then you don’t have any problem for you will know the consequences and benefits if ever you have made your choice on what policy you would take.

Tags: auto insurance, car insurance policy

No Fault Car Insurance Policy New York NY

Reader’s Question:

I just started working here in New York. Since I terminated my car insurance in the other state when I lived before and planning to get a new one here, I’m a little bit flustered since every state has different laws with car insurances. What are the differences of the law here in New York in other state?

Justin

Brookhaven, NY

The cost of not having a car insurance are unquestionable in today’s lifestyle, since we will not be able to afford a vehicle repair or medical expenses if we had either a minor or major accident on the road. You have to at least know the basic requirements of the consumer’s state of residence.

Since New York is a “no-fault” state, it only means that when an accident occur both parties have to pay for the damages settled by both of their Car Insurance Company for neither of them are held accountable of the accident. With this law, it had shrunk the number of charges and had brought drivers to be attended to immediately as this has intended to do. If you have the Personal Injury Protection (PIP), it will cover all your expenses in terms of medical care. PIP doesn’t only cover all the medical expenses but also lost wages that resulted due to the accident. If worse comes to worst, it also pays for the funeral expenses if there is a need. But even there is this “no fault” policy, if the other’s car insurance policy is not enough for all medical expenses, the other should pay for the excess.

Tags: auto insurance, car insurance policy

Parent Car Insurance New York NY

Reader’s Question:

I’m still living with my parents here in New York but I’m buying my own car soon, do you think I can still stay under my parent’s car insurance policy?

Caitlin

Albany, NY

Good question, do you think you can afford insurance on your own? Can your parent’s afford the additional premiums on their existing car insurance policy once you get your own vehicle? Or will you be helping out in paying the car insurance bills as well? These are just some of the many questions you need to ask yourself to know if staying under your parent’s car insurance policy there in New York will be a good decision. Here’s some tips:

Stay under your parent’s auto insurance policy if…

1. They are willing to still keep you under their existing policy, in this case you should be added as a named driver.
2. Their auto insurance company provides additional discounts for expanding coverage to include you and your vehicle
3. If you will be allowed to get under your parent’s insurance (by the insurance company) even if the vehicle is under your name, you will have to consult the auto insurance provider or New York State’s Department of Motor Vehicle for this.
4. If after shopping around and comparing rates, you determine that it is beyond your budget to pay for car insurance on your own or will put a great strain to your finances.

You may consider getting coverage on your own if…
1. You are responsible enough to avoid getting involved in car crashes or getting traffic tickets and would want to start building a good driving history.
2. Want your payments on the insurance to reflect towards your credit history.

 

Tags: auto insurance, auto insurance claims, auto insurance online, car insurance

Non-Owners Auto Coverage Manhattan New York NY

Reader’s Question:

I moved to Manhattan, New York and intend to use the public transport to go to work everyday but I would be using someone else’s car during the weekend. The owner’s don’t have insurance on it yet, so am I required to get insurance when I use it?

Rudolph

Manhattan, NY

It would be highly recommended to get a Non-owners Auto Insurance Policy when you will be using someone else’s car in a regular basis. Not only is is a very responsible way of showing appreciation to the person or people who allowed you to borrow their vehicle, both of you would feel much safer that in the event of a car accident you are capable enough of taking car of any ensuing damages or injuries.

Once you find a suitable car insurance provider there in Manhattan, New York your Non-owners Insurance Policy would typically include coverage for liability due to injuries or property damages, medical and hospitalization payments, and uninsured or underinsured motorists’ coverage. A Non-car insurance policy, however, might not include comprehensive coverage, towing and rental re-imbursement as well as collision insurance. So although those you may have injured in a car accident may be provided re-imbursement by your Non owners insurance, the same policy might not give you coverage for any injuries, medical expenses you might have obtained.

Now you may be wondering if it would be better to just get rental car insurance if the car you will be using is a rental. This depends how long you’ll be using the rental. A decent rental auto insurance may cost anywhere from $10 to $25 a day, that’s on top of the actual daily fee for the vehicle itself. So in the long run, it is more beneficial for you to get your own car insurance policy.

 

Tags: auto insurance, auto insurance premium, car insurance discounts, car insurance quotes

Cheaper Teen Car Insurance New Rochelle New York NY

Reader Question:

My niece is about to be of legal age and she has been convincing her parents to buy her a car. Her parents don’t know how to avail a cheaper Car insurance for teens here in New Rochelle, New York. Are there any methods to get the cheapest car insurance for teens?

Martha

New Rochelle, NY

Teenage drivers usually are the biggest number of car accidents on the road. Therefore, you cannot blame the Car Insurance Companies in giving higher premiums to young drivers. But this is not something you can’t settle for there are some Car Insurance Companies in New Rochelle, New York doesn’t have the same faint view for teenage drivers, with that you can get a lower premium even if you are a young driver.

In order for a teen driver to lower its premium, the adults in the family should be a role model in following the laws of the road. The young driver should know the laws applied in the state for there are limitations to new young drivers. The law should be insisted to the teen driver by his/her parents. Parents should also explain to their children about drugs and alcohol especially when they are driving. The cleaner record you have, the lower the premium you’ll get. Parents’ Guidance is still the best way to make children safe in the road and getting a lower premium with regards to car insurance. You can also add them to your own Car Insurance Policy as an additional driver for them to avail the same benefit you have.

Tags: auto insurance, car insurance policy, teen car insurance

Buy Car Insurance Online Babylon New York NY

Reader’s Question:

I usually do my transactions online because I find it more convenient to use. I also plan to use the Internet in exploring my options for car insurance here in Babylon, New York. What are the things that I should take note in finding an insurance company online and what other option do I have aside from this?

Nima

Babylon, NY

In your search for the best car insurance provider online, keep a record of things in another computer file or jot them down on a piece of paper split up into groups. By doing this, it prevent you from doing the same thing all over again. If you go to various insurance websites, you must keep details of a number of items such as:

–Yearly and monthly premiums for the various kinds of insurance coverage and be certain that the coverage limits are identical.

–A toll free phone number to get in touch with them for queries that you could not find answers on their website.

–Their payment procedure – when it is due and the consequences if you have a late payment.

–Various discounts that they offer that you may be eligible for.

If you have already explored various insurance websites, the other option that you have to find a company for your car insurance in Babylon, New York is to ring them up. For those insurance providers that you were not able to get quotes from, you must get in touch with them through phone. Now and then, getting a quote by speaking with them through phone could be quicker that going online.

Tags: auto insurance company, car insurance, online car insurance

Auto Insurance Coverage Amherst New York NY

Reader’s Question:

I thought getting car insurance for my first car here in Amherst, New York will be easy! I’m getting confused with collision and comprehensive insurances and some other kinds of coverage a couple of car insurance agents I talked to tried to sell me, can someone explain more about this? Thanks!

Henry

Amherst, NY

Hello Henry, a lot of people out there would agree with you. Sometimes choosing the right insurance coverage can be confusing and downright frustrating. It gets worse if you’re expecting an informative consultation with an insurance agent instead you are given confusing, jargon-filled explanations of complex insurance packages by a sales persons, expecting you to know what they’re talking about and leaving you feeling like a complete idiot for not knowing so.

We always believe that an educated consumer is an empowered consumer so let us give you an idea of some car insurance coverage basics:

Liability Insurance Coverage
Undoubtedly one of the most important insurance terms you should get to know. This one can potentially save you from losing your shirt (and your sanity) if ever you get involved in a car crash. Liability insurance covers for any liability and monetary compensation you are obligated to pay anyone you may have injured in a car accident. Each state has a minimum required coverage amount and for Amherst, New York, it is computed as 25/50/10. ($25,000 for each injured person per accident for a total of $50,000 for all inured individuals per accident and $10,000 for property damages). It is recommended that you get a higher level of coverage that you can afford since you can be sued for much more than the minimum state requirements can cover for.

You may also want to get Personal Injury Protection which pays for treatment of your injuries, regardless as to which party is at fault.

Tags: auto insurance, auto warranty, auto warranty deals, car insurance

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