Before you can decide if basic auto insurance is the right choice for you, it is important to know exactly what basic insurance is in New York. In New York, the required coverage is 10/25/50. New York has an additional requirement for death in an accident. At L & S Agency Inc. in Buffalo, NY, we know that as independent agents we work for our customers and we are responsible for making sure that your auto insurance meets your needs.
Auto Insurance Facts to Consider
With 10/25/50 insurance you get $10,000 in property damage, $25,000 for injuries to one person, and $50,000 for more than one person. The death benefit is $50,000 for one person and $100,000 for more than one person. If you have a lot of assets, this may not be enough coverage to sufficiently protect you. In which case, basic coverage is not for you.
If you have a car loan or lease, you won’t be able to get away with just basic coverage. You need to protect the vehicle as well, so you need to have collision and comprehensive coverage. This means basic insurance is not the right choice for you. As a matter of fact, you don’t even have that option.
Once your car loan is paid off or you buy your leased vehicle, you have the option of having only basic coverage. But if you count on your vehicle for the things you do every day, is it a good idea? If you need your car to get to work and if you don’t have the money it might take to repair or replace your vehicle, then basic insurance is probably not the right insurance for you. You need the additional protection collision and comprehensive offers.
Contact L & S Agency Inc. in Buffalo, NY when you are ready to discuss exactly what type of auto insurance is right for you.