Nationwide Begins Selling Auto Insurance in New Jersey This Month

This month, New Jersey drivers get one particular a lot more selection when they shop for auto insurance.

August brings Nationwide to the Garden State, the New Jersey Department of Banking and Insurance (NJDOBI) announced in a press release. Marketing and advertising for auto policies from the insurance organization will be handled by agents in New York, Pennsylvania and Delaware and on-line and by telephone, according to the Division.

The Garden State now has 9 of the prime 10 car insurers in the nation selling car insurance coverage policies in New Jersey. They are:

• State Farm


• GEICO


• Allstate


• Progressive


• Farmers


• USAA


• Liberty Mutual


• Travelers


• Nationwide

There are a total of 112 organizations and groups promoting auto insurance coverage in New Jersey, where auto insurers wrote $ 6.82 billion in premiums last year, according to the Division.

Availability of Nationwide auto insurance coverage in New Jersey offers drivers much more options, Ken Kobylowski, the state’s insurance commissioner, mentioned in a statement.

New Jersey Avg. Premiums are Frequently Higher on National Rankings

New Jersey has the priciest average statewide premiums in the U.S., according to the most current information from the National Association of Insurance coverage Commissioners (NAIC), with an annual policy with liability, comprehensive and collision coverage costing $ 1,301.

It’s a familiar spot for the Garden State, which usually finds itself atop or near the prime of the annual rankings of auto insurance coverage fees.

In 2012, when New Jersey had the third-highest average premiums in the NAIC’s rankings, a state official told On the internet Auto Insurance News that higher-than-typical premiums are due to numerous aspects.

High population density in the Garden State leads to more crashes there, according to Marshall McKnight, a NJDOBI spokesman. Also, he stated, New Jersey drivers usually acquire optional sorts of coverage, including personal injury protection with high coverage limits.

Nationwide Begins Selling Auto Insurance in New Jersey This Month