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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

 

Should You Buy Collision or Comprehensive NJ Car Insurance?

Should You Buy Collision or Comprehensive NJ Car Insurance?

Purchasing car insurance is a major decision, one that’s almost as important as selecting a vehicle. NJ car insurance can be purchased at three different levels – liability, collision and comprehensive. Types of NJ Car Insurance Liability car insurance is the minimum amount you can buy and still be legal. However, it only covers any… Continue Reading

Should You Buy Collision or Comprehensive NJ Car Insurance?

Purchasing car insurance is a major decision, one that’s almost as important as selecting a vehicle. NJ car insurance can be purchased at three different levels-liability, collision and comprehensive. Liability car insurance is the minimum amount you can buy and still be legal. However, it only covers any damages caused to another motorist and their… Continue Reading

Low Cost Car Insurance Rates For Hybrids

Post Date January 10, 2014 – With in excess of one million cars sold, Toyota Motor company is the number one (1) top-seller for hybrid electric motor car. Not only does the Toyota Prius hold the top spot for top selling car, it holds the top spot for low cost car insurance rates. Low Cost… Continue Reading

New Jersey Teen Drivers Are Being Carefully Watched

Post Date January 2, 2014 – New Jersey Teen Drivers are under careful watch by NJ Law Enforcement. The number one cause of death for New Jersey teens is not a disease, illness and not suicide.  The number one cause is detracted New Jersey teen drivers. The New Jersey Division of Highway Traffic Safety wants to… Continue Reading

New Jersey Young Driver Decal Does Saves Lives

Post Date December 28, 2013 – Researchers at Children Hospital of Philadelphia released a study showing that Kyleigh’s Law which requires a New Jersey Young Driver Decal to be placed on their licensed plate identifying them as a youthful operator.  The New Jersey Young Drivers Decal has prevented approximately 1,600 automobile crashes and hundreds of… Continue Reading

State Farm Auto Insurance – NJ’s Largest Carrier

Post Date December 18, 2013 – A market study conducted by the National Association of Insurance Commissioners shows State Farm auto insurance holds the largest share of New Jersey’s property and casualty insurance market place. Although InsureDirect.com does not sell State Farm Auto Insurance, they represent dozens of comprable car insurance carriers with rates just as… Continue Reading

New Jersey Auto Insurance Companies Fooled By Doc

Post Date November 29, 2013 chiropractor in New Jersey had recently pleaded guilty to participating in defrauding New Jersey auto insurance companies by submitting false documentation. “The Doctor would be forced to pay back the amount he stole from the New Jersey auto insurance companies” The New Jersey Attorney General’s Office reported that chiropractor, Dr. Joseph… Continue Reading