New Jersey Lawyers - New Jersey attorneys
Gender and Age
Statistics show that males and young adults have a higher incidence of accidents and claims; therefore, your gender and age can affect your rate.
Marital Status
Statistically, young married couples tend to have a lower incidence of accidents and claims; therefore, they generally pay lower premiums than single people.
Vehicle Use
The distance you live from work or school may affect the cost of your insurance, as it determines your daily exposure to risk. Insurers will calculate your premium based on the average distance you drive on an annual basis or how far you commute to work or school. Whether you use your vehicle for personal or business use may also impact your rate.
Policy Changes
Changes to your policy can also affect your premium. Such changes may include:
· Adjusting your coverage
· Changing your deductibles
· Moving to a new area (territory)
· Adding or removing a vehicle from your policy
· Adding a new driver
Any time period in which you had a car that was required to be insured but did not have auto insurance can affect your premium as well. A lapse in coverage exceeding 30 days could place you in the assigned risk market. By law, any vehicle registered in the state must have insurance, so if your car is off the road or not operational and you let your insurance lapse, it is important to surrender your license plates to the New Jersey Motor Vehicle Commission to be sure you do not have an uninsured registered vehicle.
Insurance Score
Some, but not all, insurers in New Jersey will use an insurance score based on your credit history as one of the factors in determining risk.