NY A07614

Defines "telematics" or "usage-based insurance" as data collection from vehicles or drivers regarding speed, location, mileage, acceleration, braking, phone use, road conditions, engine diagnostics, and advanced driver assistance systems for insurance pricing, underwriting, claims, and customer service.

Allows insurers to collect telematics data with driver consent (or named insured consent if driver is a minor) for establishing premiums, claims settlement, rate filings, and customer service purposes including safety and risk mitigation.

Prohibits insurers from requiring participation in telematics programs as a condition of pricing or underwriting private passenger motor vehicle insurance unless the insurer only offers products with that requirement and discloses it in applications, renewals, and advertising materials.

Requires notice of premium increases from telematics data be provided pursuant to federal regulations under 15 U.S.C. § 1681m, and restricts data sharing to the named insured unless consent is provided or a court order is issued.

Permits insurers to offer loss prevention programs that incentivize safe driving through telematics rewards if such programs are available to both the general public and existing policyholders; takes effect 90 days after enactment.