The phrase "you get what you pay for" doesn’t necessarily have to apply to insurance if you take the time and effort to shop around for the best price. When balancing price and coverage for New York insurance, you should first consider the exact amount of coverage that you need. Generally, you should start with the legal requirements. In terms of auto insurance, New York is a no-fault state that requires a minimum of liability auto insurance. The no-fault component of this plan basically means that any coverage you purchase will go toward covering your own expenses in the event of a car accident, regardless of fault. Liability auto insurance would provide for the expenses of a lawsuit in case the other party involved in the accident sued you for the resulting damages.
After considering New York legal requirements, you should then determine what coverage plans pertain to your unique needs and your unique circumstances. You should avoid buying excessive insurance, but also try to get a sufficient amount to protect yourself in case a tragedy occurs. Since shopping around for insurance can be time-consuming and complex, comparing New York insurance rates through an independent agent is the most effective way to acquire unbiased quotes within seconds. Using a tool that enables you to search for insurance rates based on your unique information no only speeds up the process, but also makes it easier to more accurately compare between coverage and rates for a better balance.