Smart Auto Insurance Blog

New Jersey auto insurance consistently ranks as one of the highest states for auto insurance rates and regulators are looking to curb some of the rising costs through new regulations.  The article “What the New Car Insurance Rules Mean for NJ” found on NECN.com answers some of the top questions New Jersey residents have about how the new regulations will affect them.

New Jersey auto insurance is looking at a big overhaul from the proposed regulation changes for the personal injury protection component of auto insurance policies.  The changes will essentially change how and what physicians can charge for treatments and there will be a restructuring of the process for appealing a denied claim.  This is all in hopes that rising premiums will be slowed down and New Jersey auto insurance will become more affordable.

The article is very useful in answering questions many residents have.  It answers some details about personal injury protection and outlines why the system needs a makeover at this time.  The changes to medical services are discussed and gives an understanding of the changes being made to the approval and dispute process that New Jersey has long known.  Insurers will be benefiting from these changes in addition to the consumer so hopefully this encourages auto insurance companies to support the proposed changes and regulations are put into place quickly.  The regulations are not quite a done deal since the public has until the end of September to comment and a decision will be made at that time.

According to the article “NJ car insurance rates down, still No. 2 in US” by The Associated Press found on philly.com, the state has seen a 9.6% in auto insurance premiums since 2004. This is based on information from The Star-Ledger of Newark and Record of Bergen County’s Statehouse Bureau.

Despite this drop, New Jersey auto insurance quotes continue to be second highest in the US, just behind Washington, DC. Data compiled from the National Association of Insurance Commissioner’s annual report shows the average New Jersey resident in ‘07 paid about $1100 per year, which was down about 4% from the previous year.

New Jersey continues to be one of the most expensive places to insure a car, partly because of how densely populated the area is. Auto insurance rates have dropped about 5.6% between ‘04 and ‘07 across the nation.

According to the article “New Jersey Association of REALTORS(R) Endorses High Point Auto Insurance” from news.prnewswire.com, High Point Auto Insurance announced a new partnership with NJAR(R) that will save thousands on New Jersey auto insurance quotes for members. 

NJAR(R) has endorsed High Point Auto Insurance as their official auto insurance partner so its members will have access to a discount with one of New Jersey’s most respected auto insurance companies in New Jersey.

Jim Tignanelli, the president of High Point Property and Casualty Insurance Company, says that since they are also focused only on New Jersey residents they can provide meaningful coverage and benefits that include the specific needs of New Jersey auto insurance policy holders.