It sits there boldly on Court Street just south of Schermerhorn in Downtown, brazenly advertising the way insurance companies discriminate against car owners in Brooklyn.
[Click image to enlarge it, by the way.]
New York City already has the highest insurance rates in the country, and Brooklyn is treated worst of all.
Look closely at the window.
The rates advertised here are quite good (otherwise, of course, they would not be posted in the window), but they show that the prices for a person with a Brooklyn address are substantially higher than for someone in Manhattan, Queens or the Bronx.
Consumer advocates say insurers of auto and homes are getting away like bandits, and state insurance officials are allowing them to do it.
See the advocates' report from last year titled, "NEW YORK INSURERS OVERPRICE POLICIES AND
UNDERPAY CLAIMS, LEADING TO RECORD PROFITS."
“Insurance companies charge more and pay out less, which is bad news for homeowners and
drivers,” Russ Haven, legislative counsel for NYPIRG (New York Public Interest Research Group) said as that report was issued.
“New York needs to level the playing field by creating an independent consumer advocate office to represent average insurance customers and to pass legislation cracking down on the unfair claims settlement practices insurers use to deny claims outright and settle other claims on the cheap.”
One thing consumers could do, of course, is petition their state senators (no longer spelled with capital letters) asking for help.
But lotsa luck with that!