NJ Auto Insurance Rates Up 15% Since Christie Took Office

STATE — New Jersey drivers absorbed a significant increase in premiums from 1989 to 2010, according to a Consumer Federation of America analysis of state auto insurance expenditures.

Only in California did the average auto insurance expenditure decline between 1989 and 2010, while every other state in the nation saw increases over that same period.

Garden State motorists have paid smaller increases than the 43 percent nationwide rate hike, but while California insurance costs are lower than 20 states and six percent lower than the national average, New Jersey has 12th highest average premiums at $1,697.

The most substantial portion of those rate increases have come since Chris Christie took office as governor.

According to a ranking of state-by-state costs from the web site Insure.com, New Jersey surged from 22nd place with average premiums of $1,474 in 2010 to the 12th place position with a 15 percent rate increase in 2013.

Connect with NJTODAY.NET

Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET
Print Friendly, PDF & Email