Staged Crash Fraud Adds $300 to the Average New York Auto Premium
Staged crashes add as much as $300 per year to the average New York policyholder's premium. The Insurance Information Institute estimates these frauds totaled 1,729 confirmed incidents in 2023. New York drivers paid an average of $1,935 for personal auto insurance in 2024. Governor Kathy Hochul has proposed a reform package to cut those premiums by 15 to 20 percent. The package would cap damages for pain, suffering, and emotional distress at $100,000 in cases where the at-fault driver was uninsured, impaired, or committing a felony. It would tighten the legal definition of serious injury. The proposal would limit non-economic damages for drivers found to be more than 51 percent at fault in a crash. Insurers would be required to return profits above a specified threshold to policyholders.
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