NJ car insurance rates soar, driving some to dump coverage

New Jersey regulators approved over 300 car insurance rate hikes since 2022, a trend critics say worsens affordability and uninsured driver rates.

By: Dana DiFilippo

Outlets: New Jersey Monitor

Published: May 26, 2026

Words: 2,164

Last Updated: 3 weeks, 4 days ago

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Some New Jersey motorists, already shouldering car insurance costs that are among the highest in the nation, saw their rates rise as much as 32.5% in the past two years — far faster than inflation and nearly five times the rate that triggers regulatory review.

Most of the 77 insurers that write auto insurance in New Jersey have sought rate hikes every year since 2022, with companies seeking about 90 double-digit increases as high as …

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