GOV. HOCHUL ANNOUNCES GENERAL BUDGET AGREEMENT TO DELIVER AUTO INSURANCE RELIEF FOR NEW YORKERS

ALBANY – Governor Kathy Hochul today announced an agreement in the FY 2026-27 State Budget to tackle skyrocketing auto insurance premiums and provide direct relief to millions of New York drivers. By modernizing the state’s insurance laws and launching an aggressive crackdown on rampant fraud and abuse, the deal addresses the root causes of an affordability crisis that has left New Yorkers paying nearly double the national average for coverage.

The following statement can be attributed to James Freedland, spokesperson for Citizens for Affordable Rates (CAR):

“This agreement is a big win for New Yorkers struggling to get by in the midst of an affordability crisis. For too long, drivers in this state have been paying nearly double the national average for auto insurance while broken systems and rampant fraud have driven costs through the roof. Governor Hochul and lawmakers have taken decisive action to address the root causes of this crisis. By strengthening enforcement and modernizing outdated rules, they are helping put money back in people’s pockets. These reforms will bring real relief for working families, and mark a meaningful step toward making New York more affordable.”