N.J. Relaxes Rules for Writing Personal Auto Insurance
East News • January 4, 2008
New Jersey auto insurance agents will have a lot easier time quoting and writing new policies under a bill signed yesterday by Gov. Jon S. Corzine.
The bill, which had awaited his signature since ...
Insurance Journal is not responsible for the content of the message below.
Subject: One thing I can tell you...
Posted On: January 7, 2008, 11:42 am CST
Posted By: bubba
Comment:
NJ is probably still a mess. When I lived there I started out paying $700+ for liability only insurance on my first car. One ticket for what would be a local non-reported violation in other states got me a $100 increase. One accident doubled my insurance to $1600+, still without collision. When that car was creamed by someone else, I got squat. When I got new car and had to carry collision, my insurance doubled again to $3200+. Even after three years when I qualified for lower rates, my carrier refused to give me a break; instead telling me I had to wait for the policy to expire. Ultimately I got cheaper coverage elsewhere, but it was still $2000. I live in PA now and for $3200 could insure 4 to 6 cars. I also lived in Michigan and it was even cheaoer there.
I'd love to know why NJ is so screwed up. It's a great state to live in, but unless you're Bon Jovi, I don't see how you can afford it.
Subject: One thing I can tell you...
I'd love to know why NJ is so screwed up. It's a great state to live in, but unless you're Bon Jovi, I don't see how you can afford it.