NEWS
Politico Playbook NY
“If Albany wants to do something about the cost of living, our state leaders can start by lowering the cost of driving,” said James Freedland, a spokesperson for the group…
Runaway Insurance Costs Bring Back Talk of Price Caps
America is in a cost crisis when it comes to home and auto insurance. A number of states have a controversial answer: price controls…
AUTO INSURANCE IS A TAX ON MOBILITY, ANALYSIS FINDS NY DRIVERS PAYING SOME OF THE HIGHEST PREMIUMS IN THE NATION
Citizens for Affordable rates today released a new fact sheet highlighting how surging auto insurance premiums are worsening New York’s affordability crisis, squeezing working families, small businesses, and delivery drivers across the state…
Op-Ed | Rising Car Insurance Costs Are Crushing Businesses
Most New Yorkers don’t think twice about car insurance – until the renewal bill lands. But for small-business owners across the Downstate region, including New York City, Long Island, and the Northern suburbs, skyrocketing premiums have quietly created an economic crisis that is choking commercial activity…
Auto Insurance Premiums Skyrocket, Deepening Affordability Crisis for New Yorkers
According to expert analysts at Bankrate, New Yorkers pay an average of $4,031 annually for full-coverage auto insurance – nearly $1,500 above the national average of $2,679…
Auto Insurance Premiums Skyrocket, Deepening Affordability Crisis for New Yorkers
New York drivers, already grappling with a high cost of living, are now facing a new financial pressure point: rapidly escalating auto insurance premiums. The surging costs are adding to the state’s broader affordability crisis, pushing household budgets to their breaking point…
Why car insurance keeps climbing, and where premiums are highest
Auto coverage has surged 50 percent in the past five years, but calculating a driver’s cost plays out very differently from one state to the next…
CONSUMER ALERT: New Yorkers Warned About Staged Car Crashes Driving Up Auto Insurance Costs Statewide
Citizens for Affordable Rates (CAR) today issued a consumer warning urging New York drivers to be vigilant against staged car crashes – criminal networks that are a major driver of the state’s skyrocketing auto insurance costs. The warning accompanies a new fact sheet detailing how these schemes operate and their impact on every driver’s wallet…
How to stop fraud and high car insurance costs
If your car insurance cost has doubled or tripled, you're not alone. In New York State, the average annual cost is $4,031, while nationwide it's $2,400…
Governor touts success of “ghost plate” crackdown
…In the past few years, there has been a rise in the use of fraudulent license plates, also known as ghost plates, across the country to avoid cameras that are used to collect tolls without stopping the vehicle…
NEW REPORT: FRAUD AND LEGAL ABUSE ARE DRIVING NEW YORK’S AUTO INSURANCE AFFORDABILITY CRISIS
Citizens for Affordable Rates (CAR) today responded to the Partnership for New York City’s new report, “Excessive Litigation Is Driving New York’s Affordability Crisis,” highlighting how legal system abuse and insurance fraud are fueling New York’s skyrocketing car insurance premiums…
Excessive Litigation Is Driving New York’s Affordability Crisis
New York is the most expensive city in America. A major contributing factor to the city’s affordability crisis is the prevalence and high cost of litigation…
‘Plate and Switch’: NYC Council investigation finds Bronx has biggest problem with out-of-state license plates and ‘ghost cars’
The NYC Council published a new report, “Plate and Switch,” on Thursday. The report found that vehicles with “ghost plates” are most prevalent in the Bronx and accrue more fines and serious traffic violations than other cars…
Tariffs, fraud and tort reform reshape transportation insurance landscape
In its latest report Amwins has outlined how economic, regulatory and legal factors are shaping insurance conditions across the sector…
NYC Mayor Adams Signs Bill Lowering For-Hire Vehicles’ Insurance Mandate
New York City Mayor Eric Adams has signed into law legislation reducing the auto insurance liability coverage that for-hire vehicles must carry…
LANDMARK INSURANCE REFORM SIGNED BY MAYOR ADAMS, PAVING WAY FOR LOWER COSTS FOR FOR-HIRE DRIVERS & PASSENGERS
Citizens for Affordable Rates (CAR) hailed the reform, which is expected to lower premiums, curb rampant fraud, and attract new insurers…
Opinion: A more affordable future for NYC’s for-hire drivers and passengers
Reducing the insurance burden on drivers of yellow taxis and for-hire vehicles will save them an average of $300 per year – real money for families living paycheck-to-paycheck…
LANDMARK INSURANCE REFORM SIGNED BY MAYOR ADAMS, PAVING WAY FOR LOWER COSTS FOR FOR-HIRE DRIVERS & PASSENGERS
In a major victory for New York City’s 74,000 for-hire vehicle (FHV) drivers and the millions of New Yorkers who rely on them, Mayor Eric Adams today signed into law legislation sponsored by Council Member Carmen De La Rosa…
☂️🚕 NYC Slashes TLC No-Fault Insurance Requirement from $200K to $100K
Although original City Council bill proposed reduction to state-mandated $50K PIP limit, cut from $200K to $100K should help disincentivize frivolous claims…