Council Member Dinowitz on auto insurance consumer information resolution
Council Member Dinowitz speaks on Resolution 389, calling on the state to pass the Automobile Insurance Consumer Information Act. He notes NYC residents pay an average annual premium of $4,223, nearly twice the national average, and the bill would require DFS to publish premium and complaint data.
Thank you, Councilmember Dinowitz, followed by Marano.
Thank you, Majority Leader.
Today we're voting on Resolutions 389, calling upon the New York State to pass Senate Bill 1196, known as the Automobile Consumer Information Act.
The cost of automobile insurance has increased by nearly 35% between 2022 and 2025 nationwide.
And in 2025, New York City residents paid an average annual premium of $4,223, a significant burden.
For hardworking New Yorkers.
It is nearly twice the national average.
Now the New York State Department of Financial Services regulates automobile insurance.
However, no New York State official or office is charged exclusively representing consumer interests, and rate information is opaque.
This bill would authorize
would require DFS to publish automobile insurance premium and complaint information and establish an office of insurance consumer advocate to represent consumers'interests before DSF.
A number of New Yorkers rely on their cars.
I urge my colleagues to vote a yes on this resolution.
Thank you.