High Point Drops Auto Rates by as Much as 19% for Certain Drivers
New Jersey Department of Banking and Insurance Approves Significant Rate Decreases for High Point
(Red Bank, N.J.) - High Point - one of the top five New Jersey auto insurers - today announced the New Jersey Department of Banking and Insurance (DOBI) approved significant auto policy rate decreases for its High Point Preferred and High Point Property and Casualty Insurance companies. The rate decreases will bring about $12 million annually in savings to High Point policyholders who qualify for certain discounts.
"Offering true savings and service is the foundation upon which High Point was established," said Jim Tignanelli, President of the High Point group of insurance companies. "The rate decreases exemplify those ideals and put more money back in the pockets of our policyholders."
The lowered rates will be effective for new business written on or after July 4, 2005, and for existing policies renewing on or after August 10, 2005.
"This is another great day for New Jersey drivers," said New Jersey Banking and Insurance Acting Commissioner Donald Bryan. "Consumers asked for options on their premiums as well as their coverage and companies like High Point are delivering the goods. This is further proof that the auto insurance reforms are creating a more competitive marketplace."
"With the rate decreases and our unrivaled customer service programs such as Door to Door claim service, High Point gives New Jersey drivers a unique choice in auto insurance. High Point is based in New Jersey and is committed to providing New Jersey drivers with superior coverage at a great price," Mr. Tignanelli added.
High Point (www.highpointins.com), a New Jersey-based auto insurer, is committed to providing extraordinary customer service to New Jersey drivers. Insurance underwritten by High Point Preferred Insurance Company, High Point Safety and Insurance Company, and High Point Property and Casualty Insurance Company.