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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

 

Hurricane Insurance Claims Overwhelm Both Agents & Adjusters

Post Date November 10, 2012 – It’s been a very difficult few weeks for the residents of the northeast. Aside from the billions of property damage, Hurricane Sandy also killed 119 people. Luckily for the customers of InsureDirect.com, we have had no reports of any deaths.  On the other hand, many of my Pennsylvania, Delaware… Continue Reading

New Jersey Car Insurance Not Affordable

POST DATE October 24, 2012 – Close to 320,000 households in the State of New Jersey are living at or below the poverty line last year.  There are another nearly 830,000 households are lower-income residents who have found it almost impossible to afford food, housing, transportation, health care, child care, and their New Jersey Car… Continue Reading

Auto Insurance Agents Warn Parents Of Youthful Drivers

POST DATE October 23, 2012 – Over the part 20 years, I have received thousands of phone calls advising me children of those auto insurance customers have obtained their drivers license.  Since 1992,  both me and my auto insurance agents have advised those parents on youthful driving do’s and don’ts on our part as auto… Continue Reading

Best NJ Auto Insurance Rates – Discounts Available

Post Date October, 15 2012 – Most of the New Jersey car insurance companies we represent  use non-driving related factors in there overall pricing model to maintain the best NJ Auto Insurance Rates in the state.  When most agencies in the state were still offering PAIP to their customer, we were one one a select… Continue Reading

Allstate Auto Insurance “Drive-Wise” Popularity Growing

Post Date October 13, 2012 –  Allstate Auto Insurance sells one of the most popular Car Insurance Products in the United States.  Although you may not be aware, Allstate auto insurance owns a number of other popular car insurance companies. Both myself and my agents represent  2 Allstate owned insurance carriers.  As hundreds of our… Continue Reading

Auto Insurance Scam Artists Make Me Sick

Post Date October 12,  2012 –  I hate liars, thieves and  scam artists. Specifically; I dislike auto insurance scam artists posing as Insurance Agents.  These fakes don’t maintain any Insurance License while doing their best to trick you into providing them your most private personal information to switch your auto insurance policy.  Sadly they are everywhere… Continue Reading

Motorcycle Insurance Law Started October 1, 2012

Post Date October 4, 2012 –  Maryland State Motorcycle Insurance and motor vehicle law now requires both moped and motor scooter operators to purchase motorcycle insurance.  In addition to motorcycle insurance; Maryland State Law will also require moped and scooter owners and passengers to wear both helmets and eye protection while operating  on Maryland’s Streets… Continue Reading

New Jersey Car Insurance – What’s Not Covered?

Post Date October 1,  2012 – Anyone whom follows my daily Blog knows I’m committed to a wide range of state specific auto insurance subjects including New Jersey Car Insurance stories.  Although I have Blogged about what is included in a New Jersey car insurance policy, it’s important I point out what a New Jersey… Continue Reading