Tag: New Jersey auto insurance

New Jersey food delivery drivers may soon need more liability insurance

Nordstrom
Liability insurance - Uber Eats

A bill has been advanced in the state, which would up the minimum coverage limits. Lawmakers in New Jersey have advanced a bill that would change the minimum liability insurance requirements for food delivery drivers. Insurers and lawmakers alike have both cautioned that these new limits may be too high. The Liability insurance bill was sponsored by Senate President Nicholas Scutari (D-Union). It would require drivers for various food delivery companies such as Uber Eats, DoorDash and Grubhub to have to carry a minimum of as much as $1.5 million…

Read More

New Jersey auto insurance is once again found to be most expensive

Julie Campbell
auto insurance woman female

A report has shown that for yet another year, N.J. drivers are paying the highest premiums for coverage. The results of the annual National Association of Insurance Commissioners (NAIC) study on the cost of auto insurance has now revealed, once more, that the average driver in New Jersey is paying more than motorists in any other state in the country. The average amount that drivers paid for their policies in 2012 was an annual $1,220, higher than any other state. This represents the third year in a row that drivers…

Read More

Law in New Jersey aims to curb auto insurance fraud

Nordstrom
Auto Insurance Fraud

New law will place harsher fines on those that commit auto insurance fraud in the state New legislation in New Jersey aims to make auto insurance fraud a more serious crime. State lawmakers have approved legislation that would leverage harsh penalties against those that commit insurance fraud, particularly for those that avoid paying premiums for their coverage. The Coalition Against Insurance Fraud notes that premium dodging is a significant problem in New Jersey, particularly in areas where auto insurance tends to be more expensive. New Jersey is home to the…

Read More

New Jersey auto insurance was the most expensive

H. Cutner
New Jersey Auto Insurance

A recently released industry report has revealed that drivers in the state were paying the highest amounts. According to an industry report that was released at the very end of 2013, New Jersey auto insurance was the most expensive for drivers to buy in 2011, as motorists paid higher premiums for coverage there than in any other state in the country. The average premiums paid by drivers in order to maintain their coverage was $1,301.52, that year. When compared to the national average – as per the statistics from the…

Read More

Auto insurance survey sheds light on distracted driving

Logan B.
auto insurance

New Jersey auto insurance influenced by distracted drivers Plymouth Rock Assurance, an auto insurance organization based in New Jersey, has released the results of a new survey concerning distracted driving. The survey suggests that texting while driving remains a significant problem in New Jersey.  Though not implied by the survey, this problem could be contributing to the rising costs of auto insurance. Distractions are taken very seriously by the auto insurance sector, and any distraction could be justifiable cause to raise premiums due to the inherent risks they represent. Many…

Read More

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…

Read More

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…

Read More