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Home/Briefs/insurance

BriefApril 13, 2026 · 09:33 PM

New York Auto Insurance Costs Now $1,500 Above National Average

New Yorkers pay an average auto-insurance premium of $4,000 a year. This figure is $1,500 more than the national average. These rates are the result of insurers increasing premiums to cover legal costs driven by fraud rings and personal-injury litigation. One such scheme involves a lawsuit alleging the Ikhilov Law Group operates a scam using medical providers to file bogus liability claims against FedEx. Governor Kathy Hochul is pushing for reforms to reduce these costs. Average New York rates grew 13.1% in 2024 and 11% last year.

Jamie Greyson

InsurancePersonal FinanceConsumer Costs

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