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New Jersey Travelers Insurance Increase?

My Travelers policy increased $400/yr or about 25%... I've been advised it's due to a 2007 NJ State approved rate increase. Does this sound correct?

Asked by Temmy

Answers:

We dont have any information on the exact rate increase for Travelers in your state but you should check with you state Department of Insurance to find out exactly what the rate increase they took this year and it what it was based on. 

Actually, this sounds pretty accurate. New Jersey has the highest insurance premiums in the U.S. and they tend to increase quite often. To read amore about New Jersey read our article.