N.Y. LOWERS ASSIGNED RISK PLAN RATES
The New York State Insurance Department has approved an average 5.6 percent decrease in auto insurance premiums for drivers in New York’s Automobile Insurance Plan (AIP), also known as the assigned risk plan.
The new AIP rate schedule goes into effect on Jan. 15 for new business and March 1 for renewal business. It represents approximately $28 million in savings.
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