In terms of monetary coverage, you should know that the State of New York requires certain minimums that you should have. In general, you are mandated to have an insurance coverage the minute you purchase a vehicle. It states that you should have a minimum of $25,000 for unforeseen bodily injury whether it is injury or death, and the same minimum for uninsured and underinsured motorist. A maximum of $50,000 is also require by law per accident,personal injury protection, and should answer for motorists that do not have insurance or is deemed to be underinsured. Most insurance coverage should have $10,000 coverage in case of property damage per accident. New York Auto Insurance