FOR IMMEDIATE RELEASE
DEPARTMENT ISSUES 2005 CONSUMER GUIDE TO AUTO INSURANCE
Superintendent of Insurance Howard Mills today announced that the 2005 Consumer Guide to Automobile Insurance is now available online and in hard-copy form. With New Yorkers enjoying unprecedented auto rate decreases over the past year, the state Insurance Department's annual Consumer Guide is aimed at ensuring that drivers are getting the most for their premium dollar.
The Guide outlines mandatory coverages, such as bodily injury liability and personal injury protection, as well as optional coverages, like comprehensive (i.e., fire and theft), available in New York State and offers practical money-saving tips. Sample auto insurance rates from various New York territories as of July 1, 2005 are also included in the text so drivers can make meaningful comparisons.
"As auto rates continue to decline in New York State, it is important that New Yorks drivers read the Department's current Consumer Guide to Automobile Insurance," Superintendent Mills said. "The Guide offers an excellent overview of typical premium rates in different parts of the state."
The publication is available online through the Department's Web site: www.ins.state.ny.us. A hard-copy version of the Guide can be acquired free of charge by those without Internet access by calling 1-800-342-3736.
"With nearly 200 state-licensed auto insurers competing for your business, drivers owe it to themselves and their families to shop around for the best coverage at the best price," Superintendent Mills stated. "The overwhelming majority of New York drivers will be saving money on their auto insurance this year. Make sure you are one of them."
Besides listing sample auto premium rates and offering drivers valuable consumer advice, the Guide also features a list of state-licensed auto insurers and their telephone numbers, and information on the extent to which auto insurers can use an applicant drivers credit data.