NU Online News Service, May 19, 6:05 p.m.EDT--AIG Auto Insurance announced yesterday that effectiveJune 30 it will lower auto insurance costs by 4 percent forpolicyholders in New Jersey.
The announcement represents a growing trend among auto insurersreducing rates in the state in recent months. Selective, Chubb,Amica, Parkway Insurance, and New Jersey Citizens United ReciprocalExchange (NJCURE) have all announced rate decreases in the last sixmonths.
The AIG rate decrease will affect over 115,000 vehicles andresult in more than $5 million in savings for more than 55,000 NewJersey drivers insured by American International Insurance Companyof New Jersey, the company said.
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