Why Are Car Insurance Rates Are Increasing In New York?

The next time you pay your car insurance premiums you will be paying more than you did in July.

A new law in New York that went into effect on August 1st has caused car insurance rates across New York to increase.

WHY ARE CAR INSURANCE RATES INCREASING IN NEW YORK?

A new law that went into effect on August 1st, 2023 requires all auto policies in New York to carry Supplemental Spousal Liability Insurance.

WHAT IS SUPPLEMENTAL SPOUSAL LIABILITY INSURANCE?

This coverage is for when a married couple is involved in a car accident. It allows a spouse to sue their partner's insurance company for any damages due to the accident. Before the law went into effect, a spouse could not sue their husband or wife to recover money from the partner's insurance company unless they chose to have this liability insurance on their policy.

WHO HAS TO HAVE SUPPLEMENTAL SPOUSAL LIABILITY INSURANCE?

The new law requires every auto policy to have this insurance unless you opt out.

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HOW DO I OPT OUT OF SUPPLEMENTAL SPOUSAL LIABILITY INSURANCE?

The New York State Department of Transportation has created a declination form, which is available below. You can fill out this form or check your insurance company's website for their version of the form. Declination Form
Check out some other laws that went into affect in 2023 in New York State