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Category Archives: New Jersey Insurance

New Jersey Car Insurance

All New Jersey drivers know the Auto insurance landscape in Garden State has drastically changed. Prior to 2009, New Jersey drivers were limited to very few choices when it cam to obtaining liability insurance for you car, truck or SUV. Because of the population areas in the northern part of the state and the coastal risks along its eastern border, insurance companies have very difficult time trying to post a positive underwriting profit. Further, the statutory limitation created by the New Jersey legislature in those days made it even more difficult to correct a carriers rate filing. Most people notice that all auto and homeowners insurance carriers have a different rate. The rates a carrier charges is based on an actuaries finite estimation of how many claims an insurance company will need to pay for in relation to the amount of insurance premium the carrier will collect from it’s customers annual and monthly. These actuaries are highly educated individuals and are very good at what they do. Under normal circumstances, a set of auto insurance or homeowners rates files with the New Jersey Department of Insurance will perform as planned. As I mentioned before New Jersey has 3 issues it must overcome.

Until January 1st 2009, most companies had a difficult time making a profit, because of the changes the New Jersey Department of Banking and Insurance put in place after that date – things have changed for the better. Regardless whether you are purchasing a new auto insurance policy or you are about to renew an existing policy; understanding the coverage required to meet the minimum coverage requirements of the state and what coverages you need to protect your assets are two very different things. And to choose the right coverage for your individual situation, you’ll need to consider a number of issues regarding not only the car you drive, but also when you drive, where you drive, and what additional and optional coverages you may need. Do you rent or own your own home? Do you have assets to protect? Will your own health insurance cover auto accident injuries? How much insurance coverage can you afford? If you have a bank loan on my car, do you need to carry Comprehensive and Collision? These are some of the questions you’ll need to discuss with a licensed insurance agent before making car insurance coverage choices.

In New Jersey:

  • All Insurance Agents, brokers and carriers must tell you about all the coverage options available when applying for a new auto insurance policy. In addition, as an auto insurance client, you have the right to ask the same information during the policy period.
  • You have the right to shop for auto insurance at any time during the policy period. If an agent states you can’t shop during the policy period, this in not the truth. Some Insurance agents may say this to hold on to you as an auto insurance customer. This is also true when your policy is up for renewal.
  • You have the right to change your coverages and policy limits at any time, even if you are not near your renewal date. If you select options that save you money, you have a right to a refund of your unused premium within 60 days.

New Jersey Counties

  • ATLANTIC, NJ
  • BERGEN, NJ
  • BURLINGTON, NJ
  • CAMDEN, NJ County
  • CAPE MAY, NJ
  • CUMBERLAND, NJ
  • ESSEX, NJ County
  • GLOUCESTER, NJ
  • HUDSON, NJ
  • HUNTERDON, NJ
  • MERCER, NJ
  • MIDDLESEX, NJ
  • MONMOUTH, NJ
  • MORRIS, NJ
  • OCEAN, NJ
  • PASSAIC, NJ
  • SALEM, NJ
  • SOMERSET, NJ
  • SUSSEX, NJ
  • UNION, NJ
  • WARREN, NJ

 

New Jersey Auto Insurance Changes Are Working

New Jersey Auto Insurance Changes Are Working

I’m confident any New Jersey Driver whom has experienced the changes in the New Jersey auto insurance environment over the last few years is truly a happy camper. Over the last few years, it has been really wonderful. On January 1, 2009, environment of auto insurance in NJ changed for the better.  Prior to that magical date, drivers… Continue Reading

New Jersey Approves First Captive Insurance Company

New Jersey Approves First Captive Insurance Company

The State of New Jersey’s Department of Banking and Insurance has recently approved its very first captive insurance company.  The carrier was approved after a new New Jersey State law way passed in May 2011. New Jersey’s Department of Insurance approved and issued a certificate of authority to Prudential Insurance Company of America on  July 1, 2011.  The authority grants Prudential to… Continue Reading

How to Buy New Jersey Car Insurance Online

How to Buy New Jersey Car Insurance Online

Many auto insurance companies in the State of New Jersey allow shoppers to purchase their auto insurance products safely and securely via their websites. Online car insurance purchases are convenient, safe and easy once you find a reputable auto insurance company that offers the right policy for you. Below is some helpful hints on how to go about buying car insurance online… Continue Reading

Special Requirements And Considerations When Insuring A New Automobile

Special Requirements And Considerations When Insuring A New Automobile

Experienced drivers are fully aware of the requirements to obtain car insurance at their particular states of residence. The procedures to insure a new car differ from insuring an older one. There are particular needs and requirements for newer cars that do not apply for older ones. Some of the special considerations that relate to insurance coverage… Continue Reading

The Process of Getting Auto Insurance when you Move to another State

The Process of Getting Auto Insurance when you Move to another State

Most car owners can recall the hassle involved when you move from one state to another with when you own a vehicle. Different states have different vehicle registration requirements. Hence the time taken to process the various legal requirements such as emission inspection reports, automobile registration, license transfer and other specifications; differs for various states. You have to go through… Continue Reading

Cost of Driving In New Jersey Is Souring in 2011

Cost of Driving In New Jersey Is Souring in 2011

  7/15/11 UPDATE: A number of major auto insurance carriers have recently taken a rate increase to battle the rising cost of damage claims.  InsureDirect.com represents 30 major auto insurance carriers. Although we also represents the two major carriers which revised and increased its rates, our agents were able to immediately move those clients whom experienced this… Continue Reading

Insurance For Every Need

Insurance For Every Need

Day in and day out, 365 days a year; drivers all over the United States shop for all types of Insurance coverage. They’re shopping at the time of their auto insurance renewal, when they turn 16, or when they find out their auto insurance is being cancelled. InsureDirect.com is not just licensed to sell many… Continue Reading

New Jersey Additional Auto Insurance Coverages

New Jersey Additional Auto Insurance Coverages

Main New Jersey Insurance Page Primary NJ Car Insurance Coverages NJ Standard and Basic Policy Information Additional Available NJ Coverages EXTRA PIP PACKAGE COVERAGE – These are added benefit options provided under the STANDARD POLICY ESSENTIAL SERVICES – Pays for necessary services that you normally do yourself, such as cleaning your house, mowing your lawn, shoveling snow… Continue Reading