The New York State Insurance Department has approved an average 5.6 percent decrease in auto insurance premiums for drivers in New York’s Automobile Insurance Plan (AIP), also known as the assigned risk plan.
The new AIP rate schedule goes into effect on Jan. 15 for new business and March 1 for renewal business. It represents approximately $28 million in savings.
Topics New York
Was this article valuable?
Here are more articles you may enjoy.
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return? 
Plymouth Rock Launches ChatGPT for Home Insurance Quotes 
Allstate Q2 Net Income Jumps 56% on Underwriting 
Bring It On: AI Strategy Sways Underwriter Choices of Employers From This Issue
