Before you think you are being best served by a big insurance agency, like Allstate or Geico, take a look at the recent news. A rate increase on New Jersey auto insurance, provided by Allstate, has been approved and will affect all customers that have not been with the company since at least 2006. How much of an increase does this mean for you? The increase was approved at 8.9 percent, which means on average, an individual will pay about $100-150 more every year on their auto insurance policies. This is only the beginning. Originally, Allstate requested a 15.4 percent increase, which means there is potential in the near future for an increase to come about again.
The reasoning behind the increase is due to the rising costs of medical and health care coverage. The extra cost, in most policies, will be put toward the medical and hospital costs under the “personal injury protection” portion of the auto insurance policy. Even those with perfect driving and insurance claim records are finding themselves with impossibly high auto insurance rates from the bigger companies. This rate hike is legal and can and probably will happen to you or someone you know.
With the rising costs of gas and car maintenance, the last thing you need is for your auto insurance rate to spike. Those in New Jersey should contact Eastern Insurors right away for a free quote on a comprehensive auto insurance policy that fits your budget. Visit our virtual insurance agency today at www.easterninsurors.com or call us toll free at 800.269.3203.
Comments(0)