The New Jersey Star-Ledger compared the rates of a 30-year-old single male from Newark and found if he were a lawyer with a master's degree he'd pay $1686 a year. If he were a high school educated janitor, he would pay $2880 -- 70 percent more.
New Jersey law allows insurance companies to determine rates by factors with a proven relationship to losses. The law prohibits charging based on certain factors such as race and ethnicity.
http://www.thenewspaper.com/news/09/987.asp
New Jersey law allows insurance companies to determine rates by factors with a proven relationship to losses. The law prohibits charging based on certain factors such as race and ethnicity.
http://www.thenewspaper.com/news/09/987.asp