New Jersey Auto Insurance Rate Increase - Allstate
About 300,000 NJ residents who have New Jersey auto insurance coverage through Allstate will soon see their rates increase by 8.9% on average. Allstate had requested a 15.4% average increase but only a 8.9% increase was approved by the state. The 8.9% increase was still the highest increase approved by the state in six years.
Overall New Jersey auto insurance rates increased 3.7% across from March 2009 to April 2009. In addition, insurance.com’s monthly RateWatch report singled out New Jersey as having a large disparity in prices between auto insurance carriers for similar coverage levels, and that shopping for auto insurance in New Jersey could be particularly profitable.
Tags: Auto Insurance, auto insurance rate, New Jersey Auto Insurance
