State paying more for auto insurance in’98
A poll this week aims to familiarize door news: For the sixth consecutive year, New Jersey drivers pay the highest car insurance premiums in the nation in 1998.
But a group lobbying the state of the automobile, the insurer complained that the investigation was misleading and do not increase during recent reductions in insurance rates.
”This gives people the false impression,’’said John Tiene, director of the Insurance Council of New Jersey.
Figures expected to be officially released later this week by the National Association of Insurance Commissioners show that New Jersey drivers pay an average of $ 1138 for its policy during the year 1998. Drivers in neighbouring countries much lower price paid: $ 960 in New York, Connecticut $ 901, $ 845 to $ 723 Delaware and Pennsylvania.
Tiene said drivers needed different countries at different levels of care, so that the comparison of premiums was not the only valid. He also stressed that quotas have been reduced in 1999.
New Jersey driver was paying on average $ 1161 in early 1999. This figure was $ 173.50, which represents about 15 percent after the state imposed mandatory reductions last spring. Until the end of 1999, drivers paid an average of $ 988.
The question of the investigation, Dir Christine Todd Whitman said:”At least they are 15 percent lower than last year, when we were the highest in the nation.”
New Jersey drivers have paid the highest average auto insurance in the nation since 1993 and assumed the dubious distinction of Hawaii.
Whitman said the governor of the party’s why high prices persist, GEOGRAPHY: New Jersey is a small country with a lot of drivers.
She also said she will continue to seek ways to lower prices, including the fight against fraud, Mrs. Whitman said added significantly the cost of self-insurance for the pilot of New Jersey.
Bill Heine, a spokesman for the State Department for banks and insurance companies, “said National Association of Insurance Commissioners does not include dividends paid to the policy of the new owner. But he was not sure whether dividends, ranking lists. State law requires insurers to repay the profits, if a company deserves more than 6 percent over a period of three years.
The national insurance group is considering releasing their final report before the end of this week. The final figures will not alter the positions of the USA, pay rates are higher, “said a spokesman, Bob Martin.
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