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Reforming New Jersey's Automobile Insurance System: Five Years Later

Auto reform anniversary report shows auto premiums drop of three straight years.

Download a copy of the ICNJ Auto Reform Report

Auto Insurance Cost Saving Tips

Buy Wisely - Before buying a car, find out how expensive it will be to insure. The price can vary significantly depending on the make and model and whether the car contains safety features. Premiums tend to be higher for automobiles that are costly to repair, that are frequently stolen, or that offer passengers less crash protection.
Shop Around - Because auto insurers charge such a broad range of prices, it's worth calling several companies to compare prices before purchasing or renewing a policy.
Limitation on Lawsuit Option - Under the standard policy consumers must make a choice about their legal rights if they are injured in an automobile accident. They have a choice between the Limitation on Lawsuit Option or the No Limitation on Lawsuit Option.
Opt for Higher Deductibles - A deductible is the amount of money a policyholder contributes before the insurance company begins to pay. The higher the deductible, the lower the premium.
Investigate Discounts - Policyholders are often eligible for a number of discounts including, multi-car, good student and carpooling deductions, as well as discounts for safety features and anti-theft devices. Also, they can ask their insurance agent or insurance company if they offer discounts to members of any of the organizations to which they belong.
Change Your PIP Benefit Options - Policyholders may have their auto insurance company provide primarily PIP benefits or they may choose to have their health insurance provider be the primary payer for auto accident-related medical bills. Policyholders should check first to see if their health plan offers primary coverage for auto accident injuries before selecting this option.
Take a State-Approved Defensive Driving Course - Motorists who successfully complete an approved motor vehicle defensive driving course may receive discounts on their auto insurance. For a list of the approved courses call the Department of Banking & Insurance at 1-800-446-SHOP.
Drive Safely - The best way to keep your insurance premiums down is to maintain a good driving record.