Tag: New Jersey auto insurance

Auto insurance is becoming more expensive for Newark drivers

H. Cutner
auto insurance

New Jersey motorists are paying a lot more than they were last year, according to a recent report. Drivers across New Jersey are finding that their auto insurance rates have been on the rise, and not just by a small amount, but by a noticeable degree. The increases that drivers are seeing differ from one part of the state to the next. For example, Brick City residents are finding that the amount that they have been paying has shot upward. In fact, they are forking out an average of $2,780…

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Auto insurance rates set to spike in New Jersey

Logan B.
Auto Insurance Rates Rise

Auto insurance coverage rates on the rise in New Jersey Auto insurance rates in New Jersey are on the rise this year. The state is already home to some of the highest auto insurance premiums in the country, but insurers are looking to raise coverage rates higher throughout the state. While higher rates were expected due to recent natural disasters, namely Hurricane Sandy, these disasters are not actually the reason for higher premiums. According to the New Jersey Department of Banking and Insurance, the rate hikes are actually due to…

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Auto insurance fraud is the latest NJ Assembly target

H. Cutner
Auto insurance fraud

A new bill has been sponsored by Assemblyperson Wayne P. DeAngelo (D) to implement a crackdown. A new bill A2204 is before the Assembly, having been sponsored by Assemblyperson Wayne P. DeAngelo (D-Mercer/Middlesex) with the purpose of targeting the residents of the state who are purchasing their auto insurance in other states through fraudulent means, despite the fact that they reside primarily within New Jersey or the insured vehicle is primarily kept there. This is considered to be a form of fraud that is becoming quite costly within the state.…

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Auto insurance customers in New Jersey are experiencing regular increases

New Jersey auto insurance

The rates in the state for vehicle coverage have risen again, according to NAIC data. The National Association of Insurance Commissioners (NAIC) has reported that drivers in New Jersey are continually paying higher prices in order to maintain their auto insurance coverage. The Garden State has been experiencing regular rate hikes over the last few years. Data released by NAIC has shown that in 2009, the average cost of auto insurance in New Jersey had been $1,218. This increased the next year to reach $1,276. The association notes that this…

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Reforms to the New Jersey auto insurance system may generate significant results

Julie Campbell
New Jersey Auto insurance

The changes to the PIP coverage system could make it harder for injured people to pay their medical expenses. The state legislature is currently facing a decision that would alter the New Jersey auto insurance laws, in an effort to control the rapidly increasing costs to the insurers. Unfortunately, at the same time, these alterations to the regulations risk causing those who are injured in car accidents to find themselves being denied critical medical care coverage. At the moment drivers in the state are required to have vehicle coverage that…

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