New Jersey Automobile No-Fault Study: Analysis of the Cost Effects of AB 3531 and SB 2533

This article is excerpted from a larger study of proposed revisions to the New Jersey automobile insurance market. The authors examine the effects of proposed changes to the legal requirements of New Jersey's no-fault system and calculated the economic impact on claims costs and on premiums. The methodology as well as the results of this study should interest policymakers in other states as well.