New law raises NJ car insurance requirements for drivers. It may mean rate hikes, too
northjersey.com
New law raises NJ car insurance requirements for drivers. It may mean rate hikes, too
Ethics concerns that two attorney lawmakers would benefit from pushing a bill to raise car insurance premiums were dismissed as 'ridiculous.'
Aug 8, 2022
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Why expanding driver’s licenses in NEW JERSEY quietly drives auto insurance even higher—especially in a NO-FAULT state. Auto insurance isn’t political. It’s math. Premiums are based on: claim frequency × claim severity fraud legal costs If any of those rise, everyone pays more. Now here’s the problem 👇 1️⃣ New Jersey is a NO-FAULT state Medical bills are paid immediately through PIP—regardless of who caused the crash. More drivers = more guaranteed medical claims = higher premiums. Fault doesn’
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Why expanding driver’s licenses in NEW JERSEY quietly drives auto insurance even higher—especially in a NO-FAULT state. Auto insurance isn’t political. It’s math. Premiums are based on: claim frequency × claim severity fraud legal costs If any of those rise, everyone pays more. Now here’s the problem 👇 1️⃣ New Jersey is a NO-FAULT state Medical bills are paid immediately through PIP—regardless of who caused the crash. More drivers = more guaranteed medical claims = higher premiums. Fault doesn’
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New Jersey has one of the highest car insurance rates in the country, study says
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Why expanding driver’s licenses in NEW JERSEY quietly drives auto insurance even higher—especially in a NO-FAULT state. Auto insurance isn’t political. It’s math. Premiums are based on: claim frequency × claim severity fraud legal costs If any of those rise, everyone pays more. Now here’s the problem 👇 1️⃣ New Jersey is a NO-FAULT state Medical bills are paid immediately through PIP—regardless of who caused the crash. More drivers = more guaranteed medical claims = higher premiums. Fault doesn’
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