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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

 

Auto Insurance Rates In New Jersey Fraudulently Obtained

Post Date August 23, 2012 – After submitting an initial fraudulent insurance application, continuing the ruse through nearly a decade of renewals to obtain lower auto insurance rates in New Jersey , a  New York City businessman was arrested and arraigned last week. Scott Sanders, an operator of  large fleets of commercial vehicles is being accused of… Continue Reading

Auto Insurance Rates In New Jersey Can Always Be Lower

Post Date August 21, 2012 – Auto insurance rates in New Jersey have undeniably become more expensive over the last few years. This does not mean New Jersey drivers can’t do anything to lower their auto insurance rates in New Jersey.  In fact; there are a number of proven ways to lessen one’s auto insurance… Continue Reading

NJ Car Insurance Costs For Handicapped Drivers

Post Date August 20, 2012 – NJ car insurance has always been a delicate subject among New Jersey drivers. Auto insurance rates in the state have been on the proverbial roller coaster for the last 50 years.  Because consistently increasing legislation, NJ Car Insurance Companies have been forced to increase rates to the point of… Continue Reading

NJ Auto Insurance Rates Won’t Be Affected After Vehicular Death

Post Date August 18, 2012 –  Sadly passing away from her serious injuries after a car accident, an 83-year old North Brunswick, New Jersey woman who was in the process of crossing a  cross-street was struck by a pick-up truck at Nassau Street and Remsen Avenue, July 15, 2012.  Based on the accident report, the… Continue Reading

Homeowners Insurance In NJ Will Cover Theft

Post Date August 13, 2012 – Wayne New Jersey Police arrested two Hackensack, NJ men who are believed to have committed  a string of home burglaries.  New Jersey Authorities identified the two men as Jarrett Bruce and Sherrod Stewart.  Both  men are 28 years old and residents of  Hackensack, New Jersey. The two were believed… Continue Reading

Cherry Hill NJ Homeowners Insurance Claims Filed After Burglaries

Post Date August 9, 2012 –  Cherry Hill NJ Homeowners Insurance claims filed after a man is caught while trying to break into a Randy Drive garage. The burglar then admitted to authorities that he had already committed 26 prior burglaries. Local police were already on tight watch and were closely investigating the long string of theft… Continue Reading

New Jersey Car Insurance And ICE T Don’t Mix

Post Date  August 8, 2012 – A New York Department of Motor Vehicles clerical error prompted the vehicle stop and ultimate arrest of  TV Star and Rapper Ice-T.  A New York Judge immediately dropped the charges against the veteran entertainer after the Manhattan Assistant District Attorney found Ice T was properly licensed and maintained a… Continue Reading

New Jersey Auto Insurance Fraud Charges For Newark Police Officer

Post Date August 7, 2012 – Charged with New Jersey Auto Insurance theft and records tampering, a Newark police officer surrendered to the State Police  in June 28 to face the charges lodged against him. In a statement by the New Jersey Attorney General Jeffrey Chiesa, the accused was identified as Newark, New Jersey Police… Continue Reading