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. 
Car insurance advice?
Hi all I'm currently with More Than and i'm due to renew my insurance within the next week.The problem is i'm not sure if you report a chipped windscreen as a claim??
I've had my renewal from More Than which has 3 claims for past year on!!.I've had little chip's repaired on my fiesta (seperate incidents) from when the roads round where i live where redone.On both occasions it involved speeding motorist that have sprayed up grit!!.Both times i went to a local Auto Glass down at my local supermarket and had it sorted. The other claim was when I was in a accident in April This year,which wasn't my fault & which the other party has accepted liability for.
I've noticed on price comparison sites that if i add the 3 claims i can no longer protect my no claims bonus which stands at 5 years!!
Auto glass at the supermarket? That's a new one!
Normally glass claims like these won't increase your rates or bring on a cancellation, since they're not your fault.
Filed under auto insurance price quote by on Feb 5th, 2010. Comment.