Is auto-insurance in NJ similar to healthcare?
I live in NJ; about 10 years ago auto insurance was prohibitively expensive in this state, and there were very few options. I would hear ads for Geico and other low-cost insurance companies on the radio and TV, and they would always have the disclaimer at the end, “Not available in New Jersey”. Suddenly, that was all over – we had more choices and companies like Geico and State Farm and others were allowed to do business in the state.
Along with this choice came lower premiums – low like in 40% of what they used to be.
Was there legislation that was passed (or lifted) that made these choices and this competition possible?
It is my opinion that removing state mandates from health insurance would increase competition and lower premiums, and I think that the NJ Auto Insurance example might be a good comparison, but I don’t know all of the facts. Does anyone know exactly what happened in the Auto Insurance industry, specifically in NJ?
Yes, that and TORT reform.*
Filed under auto insurance price quote by on Jul 23rd, 2010. Comment. 
Finally buying a car, found one on Criags list – Grand Rapids, MI?
1991 toyota camry cost is 1100 but the blue book value is 1700. It has some rust spots and 164,000 miles. test driving today and will see if a machinac can take a look at it whiles shes in GR. Front bumper has a dent. She states the brakes have been recently fixed and oil is changed regularly and will change before the final sale. comes with spare tire. and shes leaving GR in June 2- more weeks to buy
MY QUESTION IS WHATS THE FINAL THINGS I HAVE TO SIGN TO BECOME THE OWNER, I HAVE HEARD HORROR STORYS ABOUT SIGNING NON ACTUAL TITLES. if i do buy the car what then? no plates or insurance yet, so how will i get it home?
First of all… you could get a way newer and better car for $1100… and you have to have insurance on the car to drive it home… or you get a BIG ticket…
Filed under auto insurance price quote by on Jul 23rd, 2010. Comment.
Help with Claiming Insurance on Stolen Items.?
A couple friends and I from Michigan were visiting a friend of mine down in Miami, Fl. My friend took us to a party one night, and at the end of the night, discovered that someone had stolen his car. I had left my phone in the car, and my friend from Michigan left his Zune, headphones and phone charger in the car. How can we go about claiming insurance on these items? Is it even possible for us to get them back?
You file a claim with your homeowners or renters policy.
It’s not the responsibility of the guy you were visiting, and it’s not the responsibility of the guy who owns the car.
If you have no renters or homeowners insurance, there’s nothing to claim AGAINST.
For property, you insure for your OWN property. You can’t insure for someone else’s.
Filed under auto insurance price quote by on Jul 22nd, 2010. Comment.