Relates to deductibles for physical damage insurance

This New York bill sets a $200 standard deductible for auto insurance covering physical damage (like collision or theft), while allowing policyholders to choose lower deductibles of at least $50 for comprehensive/theft coverage and $100 for collision coverage (window glass coverage may have no deductible). Insurers may also offer zero or decreasing deductibles over time but must clearly explain how these affect policy costs, coverage, and potential changes. The bill prohibits insurers from raising both the premium and deductible for the same claim incident. It directly affects New York auto insurance policyholders and insurers operating under state insurance law.