New Jersey Rates Surge 32.5% in Two Years, Uninsured Risk Grows
Key Questions
By how much have car insurance rates increased in New Jersey?
NJ car insurance rates have jumped 32.5% over two years and are already among the highest nationally. This surge is prompting some drivers to drop coverage.
What risks arise when drivers drop auto insurance coverage?
Dropping policies raises concerns about rising uninsured motorist rates. A personal injury attorney warns that eliminating collision, UM/UIM, and Med Pay coverage is risky.
What advice is given to New Jersey drivers facing higher premiums?
Consumers are urged to shop aggressively for rates and consider gap protection. This approach helps manage costs without sacrificing essential coverage.
NJ car insurance rates have jumped 32.5% over two years, already among the highest nationally. Some drivers are dropping coverage, raising concerns about rising uninsured motorist rates. A personal injury attorney warns that dropping collision, UM/UIM, and Med Pay to save money is risky—consumers urged to shop aggressively and consider gap protection.