New Jersey Auto Insurance prices are higher nation
New Jersey residents insurance paid automatically highest in the country in 1996, according to a poll released Wednesday.
The average cost of self-insurance in New Jersey increased by $ 86 or 8.4 percent two years ago, the latest year for which data are available, the investigation conducted by the National Association of Insurance Commissioners . State insurance paid an average of $ 1099 for insurance this year, compared to $ 685 while the national average, according to the survey.
Loretta Worters, a spokeswoman for the insurance industry Research Institute, a trade group in Manhattan, due to the high rates in New Jersey, population density, the number of miles driving higher car repair and costs of participation of lawyers in serious auto accidents.
Car insurance was a crucial point in the closely contested November’s gubernatorial race. State Senator James E. McGreevey of Woodbridge, the Democratic candidate, requested a Rollback-10 percent of premiums, while Dir Christine Todd Whitman has proposed that policyholders to reduce their prices by the Convention on the limitation of coverage.
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