It's true. One 2 Minute Call to Save Real $$$
Click to Call and Quote Them All

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

 

Who Approves New Jersey Health Insurance Rates

Post Date July 10, 2012 – Contrary to popular opinion, individual New Jersey Health Insurance Rates(IHIC)  in are decided solely by it’s NJ insurance companies. Of course is true for all auto insurance rates and homeowners insurance rates.  Its only the insurance company which knows how much it needs in premium to pay claims and stay… Continue Reading

New Jersey Social Worker Confesses to Insurance Fraud

New Jersey Social Worker Confesses to Insurance Fraud

Post Date June 27, 2012 –  A New Jersey social worker will be facing a probation sentence after pleading guilty to committing third degree health insurance –related fraud.   State Attorney General Jeffrey Chiesa had announced recently that Rashmi Gupta, 39 years old, had pleaded guilty to the act of defrauding Medicaid by submitting unscrupulous time sheets… Continue Reading

New Jersey Insurance Commissioner Calls For Hurricane Readiness

New Jersey Insurance Commissioner Calls For Hurricane Readiness

Post Date June 24, 2012 –  With all the natural disasters which have hit the Garden State the last few years; New Jersey’s Acting Insurance Commissioner, Ken Kobylowski, recently called on to New Jersey residents to prepare for this year’s hurricane season.  The state insurance department encouraged its residents, especially those living near coastal areas,… Continue Reading

NJ Homeowners Encouraged To Review Homeowners Insurance

NJ Homeowners Encouraged To Review Homeowners Insurance

Post Date June 21, 2012 –  Since wildfires ravaged parts of New Jersey, NJ State Authorities call for homeowners to review their Homeowners Insurance policies to assure their homes have sufficient protection from such type of disasters.  New Jersey’s Department of Banking and Insurance (DOBI) together with the Department of Environmental Protection (DEP) and the… Continue Reading

National Flood Insurance Program Expires This Summer

National Flood Insurance Program Expires This Summer

Post Date June 8, 2012 – The United States Senate and House of Representatives have now agreed on extending the National Flood Insurance Program (NFIP) until July 30, giving it 60 days more.  The program should have ended on May 31.  Now, the Senate and House Representatives legislation to extend the flood insurance program and… Continue Reading

New Jersey Auto Insurance Fraud Case Charged

New Jersey Auto Insurance Fraud Case Charged

Friday’s Post  4/27/12 –  A New Jersey man pleaded guilty on charges to commit New Jersey auto insurance fraud against a number of New Jersey Car Insurance Companies  robbing them of $2,000,000.00 in insurance fraud claims. Prosecutors charged a Chiropractor on a single count of conspiracy to commit fraud by mail, engaging in a scheme based out of… Continue Reading

Need Cash? Try Auto Insurance Fraud………….

Need Cash? Try Auto Insurance Fraud………….

Post Date March 27, 2012 – When you read a sad news story about a women whom what hit by a car, you automatically feel sympathy for that person.  Recently that very thing happened to a New Jersey  pedestrian.  As she stepped off  of the curb a car pulled came around the corner and struck the woman. All though she was knocked to… Continue Reading

New Jersey Auto Insurance Rate PIP Laws Need Review

New Jersey Auto Insurance Rate PIP Laws Need Review

February 8, 2012 –  New Jersey Lawmakers will release  the latest auto insurance Personal Injury Protection (PIP) proposals this month.   Since late last year, the  New Jersey Department of Banking and Insurance has worked out details of the new rules of the states proposed auto insurance personal insurance protection law.  The changes should be… Continue Reading

Allstate Car Insurance Takes a Stand Against Auto Insurance Fraud In NY, NJ and PA

Allstate Car Insurance Takes a Stand Against Auto Insurance Fraud In NY, NJ and PA

Thursday’s Post 12.29.11 –  Allstate Budget Car Insurance Company has begun proceedings to take back over 6 million dollars from more than eighty organizations in New York, New Jersey and Pennsylvania whom were paid for allegedly fraudulent Auto Insurance claims. The action falls under the State’s RICO statutes.   Allstate Insurance Company provides both Car Insurance Quotes and Homeowners Insurance Quotes both on the interent… Continue Reading