With its 1,065 people per square mile, New Jersey is the most densely populated state in the nation. The rising cost of medical care continues to be a major contributor to the cost of auto insurance in New Jersey. While the number of auto thefts has decreased in recent years, the cost of replacing stolen cars and parts continues to increase. There are an estimated 400,000 to 600,000 uninsured drivers on New Jersey's roads and highways. When an uninsured driver causes an accident, he or she may be fined or penalized for driving without insurance, but it's the insured driver's insurance company that pays for the damage.
All drivers are concerned about the high cost of auto insurance.
With the new tiered rating system and cost saving reforms, premiums vary widely as New Jersey moves to a more competitive marketplace. It pays to call an independent insurance agent or several insurance companies. They can help you compare prices and levels of coverage before purchasing or renewing an auto insurance policy. A deductible is the amount of money you contribute before the insurance company begins to pay. The higher you set your deductibles, the lower your insurance premium will be.