Insurance rates reflect a lot of things these days. Even with liability insurance only it can be expensive. One of the big problems is with insurance becoming expensive the number of drivers without insurance increases, which causes liability in the uninsured driver pools. Things like car theft rate, the density of the roads (NJ is a very densely populated state where people drive a lot,), car theft, all play a role in it. The other big factor that is hitting is car loss due to storms, the hurricanes, tornadoes, big thunderstorms are causing issues. Florida is being hit with that big time, it is loss due to storms. And yeah young drivers has become crazy. When I learned to drive I was listed as a part time driver, and though it added to the bill a significant bit as a young male driver, it wasn’t that crazy. Now it adds a lot, and for a young man until they hit 25 it is staggering what they have to pay. I had an old volvo c 1985 when I graduated from college, and with my wife and I, only liability, it was like 900 a year (and we lived in a city area). Today I can only imagine.
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