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If you are driving without insurance and are in an accident in New York, the state may suspend your license and registration for at least one year, and you could face fines as much as $1,500, plus ...
The average cost of car insurance in New York is $3,751 per year for full coverage and $1,605 per year for minimum coverage. This is well above the national average .
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
As of February 2025, the average cost of car insurance in the United States is $773 per year for minimum coverage, while full coverage costs an average of $2,670 per year. While liability ...
Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
Owning a car that would cost US$7,500 to purchase (in the United States) for seven years can result in the owner paying up to US$29,595 in total taxes (around US$4,227.85 a year). The Ministry of Finance also has the right to step up the fiscal value of a car, effectively a negative depreciation.
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