What happens if I don't pay my car insurance in NYC?
I live in NYC and the cost of insurance is astronomical! What really happens if I don't pay my policy?
Answer provided by
Answered on Apr 14, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“Every state is a little different, but New York has some of the country’s strictest insurance laws. Being without auto insurance for even a short amount of time will result in very high penalties. Here is the breakdown of the fines:
- One to 30 days without insurance: $8 per day, up to $240
- 31 to 60 days without insurance: $10 per day, up to $300
- 61 to 90 days without insurance: $12 per day, up to $360
- If your license gets revoked: $750
All carriers report to the NY DMV automatically and within seven days of cancellation. As you can see, it is worth it to keep your policy active.
If your policy premium is too high, shop around for cheap car insurance.
If you want cheap car insurance quotes fast, sign up for Jerry. A licensed broker that offers end-to-end support, the free Jerry app gathers affordable quotes, helps you switch providers, and even cancels your old policy for you.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Why is my car loan taking so long to process?
Why is my car loan taking so long to process? I purchased a car at the dealership and the dealer said my financing was approved. However, it's been five days and the loan is still listed as "pending."
Jun 30, 2021
Does gap insurance pay for your car loan in Delaware?
My car was deemed a total loss and the insurance company valued it at $10,000. I still owe $1,500 on my loan. The car insurance company said they would pay off my loan and then mail me a check for $8,500. Is this how gap insurance works, or is my insurance company wrong?
Apr 20, 2021
"What is the process for getting an auto loan from a bank that I have a relationship with? "
I am looking to buy a new Toyota Camry, but after talking with the dealership, I feel like their financing rates are not that great. I have a decent relationship with my bank and have gotten personal loans from them before, but never an auto loan.
Apr 26, 2021