High Cost of No-Fault Claims Puts New York Among the Least-Affordable States for Auto Insurance
September 02, 2020
September 02, 2020
MALVERN, Pa., Sept. 2 (TNSRes) -- The Insurance Research Council issued the following news release:
New York ranks as the fourth-least-affordable state in the country for auto insurance, according to a study from the Insurance Research Council (IRC). New York's affordability index was 2.21 percent from 2013 through 2016, compared with 1.58 percent countrywide.
The affordability index is the ratio of average expenditures on auto insurance to median household income, and . . .
New York ranks as the fourth-least-affordable state in the country for auto insurance, according to a study from the Insurance Research Council (IRC). New York's affordability index was 2.21 percent from 2013 through 2016, compared with 1.58 percent countrywide.
The affordability index is the ratio of average expenditures on auto insurance to median household income, and . . .