Car insurance in new york state?

i know there are 3 types of car insurance; Liability,Compensation and another,and the combination of this three makes auto insurance very expensive,but i also heard you can chose the one that best suit your needs than to take all three so that your monthly auto insurance expenses could be slashed almost 75%.My question is,as a resident of NY state,am i allowed to just take the insurance i prefer,eg if i want just liability insurance,i just pick that one and ignore the others to lessen my monthly auto insurace.Is that allowed?From the online quote of GEICO which claims to be the cheapest in the NY state,am to pay $550,which is wayyyyyyyyyyy to expensive for a student like me and so heard about choosing one option of auto insurance.Can i just choose the form of insurance i want or is IT COMPULSORY TO TAKE FULL AUTO INSURANCE in NY or America as a whole?

Darnell S

pix, I recommend you find a nearby auto insurance agent to help. Since I live in New Mexico I can't recommend an agent in New York, but here is an online resource that can help you. http://www.goodinternetdeals.com/Auto-Insurance.html

Good Luck!

Cris Y

autoinsurance.undonet.com - try this one. I personally have their car insurance, cause it is the cheapest for me in our area.

Morgan C

For car insurance the obvious way to get a great rate is do a policy comparison on car policies. Make sure that you pick similar options with the same deductibles, car make, location, etc so that all things are an accurate comparison.

What I usually recommend is an internet comparison quote at http://www.lowratetoday.com since they have big name insurers and will give several quotes on car insurance polices.

sydkan

Your auto insurance is based on several things. they type of vehicle you drive, where you live, and your age and driving record.

Auto insurance covers you for liability and damge to your vehicle.

Liability pays out if you have an accident and you hit someone and you are at fault then the other party collects under liability. this would include, property damage, liability, uninsured/underinsured motorist and either PIP or MED PAY.

In some states you can decline the PIP/Med Pay or the uninsured motorist. I would NEVER do that. PIP/Med Pay pays you or any passenger in your vehicle that is isnjured due to an accident regardless of who is at fault. Being a student this is not something you should skip out on. Uninsured/underinsured motorist protects you against injuries should someone hit you that is not insured or does not have enough insurance to take care of your injures. Some states allow for uninsured motorist property damage which would take care of the damages to your vehcile under the same scenario. AGAIN DO NOT decline these. The cost is pretty minimal and the coverage is too good.

The next part of the insurance is damgae to your vehicle.

Comprehensive covers your vehicle for things like vandalism, hail, fire, theft, animal collisions and things like that. You usually have a deductilbe for this.

Collission covers your vehicle due to collision impact being an accident or you losing control andhitting something regadless of fault. it also carries a deductible.

Comprehensive and Collision is not something you HAVE to have, however if you have a lien (vehicle financed) you will be required to have this. Also keep in mind if something was to happen to your vehicle whether it was your fault or not, could you afford to fix your vehicle. if the answer is no, then think long and hard on this. $550 every six months is not a bad rate. GEICO is a good insurance company but you might want to check around at some others. I would stick with the major insurance companies like State farm, Geico, Allstate, Farmers, Travellers, Hartford and such.

You don't want to find that your insurance comany stinks when you need them the most.

and this will complete your Insurance 101 class of today!!!

Good Luck

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