"Hochul says car insurance premiums are too high because lax laws allow shady actors to exploit the system for "jackpot payouts," including by staging crashes or exaggerating injuries, and that she hopes to bring them down in the name of "affordability." The governor also makes the case that some people injured in crashes are undeserving of compensation, such as people whom a jury determines to be more than 50 percent responsible for a crash, or uninsured or drunk drivers."
"Car insurance, or auto insurance, describes a large family of financial products designed to defray the unexpected costs of car ownership, including collisions, vandalism and injuries. Some drivers buy additional coverage to limit costs for crash-related medical bills and collisions with drivers who lack insurance themselves. Insurance companies routinely develop novel car insurance products, such as ride-share insurance, car replacement insurance and special insurance for classic cars."
Governor Hochul proposes lowering auto insurance premiums by targeting what she calls jackpot payouts from staged crashes and exaggerated injuries, aiming to increase affordability. The proposal would restrict compensation for some crash victims, including those found over 50 percent at fault and uninsured or intoxicated drivers. Critics say the changes prioritize deregulation and insurer interests, potentially reducing protections for injured people. The plan follows a pattern of blaming bad actors while insurers raise prices for other reasons. Liability insurance covers financial losses from accidents; many drivers purchase additional coverages for medical bills and uninsured motorists.
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