As a for-hire vehicle (FHV) driver in New York City, you could save around $600 a year on insurance—a significant relief in these challenging times. Here’s what you need to know about an important opportunity to advocate for change.
The Burden of PIP Insurance in NYC
Did you know that NYC FHV drivers are required to carry more Personal Injury Protection (PIP) insurance than any other driver in the state, including Uber drivers outside the five boroughs?
The NYC Taxi and Limousine Commission (TLC) mandates that FHVs carry $200,000 worth of PIP insurance—four times what New York State requires for most drivers. This rule is entirely arbitrary, with no evidence suggesting that NYC FHV drivers pose a greater risk than the average motorist. In fact, FHV drivers undergo rigorous vehicle inspections four times a year—far more than personal vehicle owners.
A Path to Fairness
New York City Councilwoman Carmen de La Rosa has introduced a bill to address this unnecessary burden. The proposed legislation would lower the PIP insurance requirement for FHV drivers to $50,000—aligning it with the state standard. This change could save drivers an estimated $600 annually.
Why This Matters Now
Insurance rates are already on the rise. Insurers are increasing premiums by 5-20% starting in March, with more hikes expected in the future. For FHV drivers, every dollar of savings counts, especially as operating costs continue to climb. Lowering the PIP insurance requirement could provide much-needed financial relief to drivers across the city.
Make Your Voice Heard
The City Council needs to hear directly from FHV drivers like you. Supporting this bill could lead to substantial savings and ensure fair treatment for hardworking drivers. Share your story, reach out to your local council members, and let them know why this change is critical.
Let’s work together to advocate for a system that supports drivers, promotes fairness, and reduces unnecessary expenses.
Say yes to saving on FHV insurance today! Click here to email your Councilmember
