New Jersey Auto Insurance Rates - Allstate
Allstate Insurance Company has filed a petition with the New Jersey Department of Insurance to increase their New Jersey auto insurance rates by 15.4% on average.
Allstate sited increased claims costs and expenses as the primary reasons that the rate increase is necessary.
If the rate change is approved by the department of insurance, it will only affect policy holders whose auto insurance policies became effective before September 2006.
New Jersey Auto insurance rates were already the 3rd highest in the country in the 4Q of 2008, behind District of Columbia, and Louisiana.
