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Your car insurer can raise your rate twice a year with no state sign-off. Hochul wants to end that.

Governor Kathy Hochul and the New York State Department of Financial Services have proposed a regulation requiring auto insurers to obtain prior approval before raising rates on private passenger policies, with a 60-day public comment period and an effective date of November 27, 2026.

Your car insurer can raise your rate twice a year with no state sign-off. Hochul wants to end that.
Governor Kathy Hochul at a podium during a public safety announcement, file photo.
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New York wants to make it harder for car insurance companies to jack up your rates without the state signing off first. Governor Kathy Hochul announced a proposed regulation, drafted by the New York State Department of Financial Services, that would require auto insurers to get prior approval before raising rates on private passenger policies, Noticia reported.

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Featured image: Marc A. Hermann / Metropolitan Transportation Authority via Wikimedia Commons, CC BY 4.0

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