The first thing you need to consider is the state minimum requirement for how much coverage you need. Many companies may recommend that you carry insurance beyond this amount. Even though New York is a No Fault state, the minimum requirements for insurance may still be insufficient to cover any liabilities that may occur in an accident. However, your insurance company is only required to pay a specified amount to cover your damages. You may need additional coverage to pay for medical expenses or you may need other elective policies such as uninsured / underinsuredmotorist coverage as well as comprehensive coverage that pays for theft, vandalism or other expenses. New York Car Insurance