Earlier this week, Riskprof provided some commentary about the issues facing the New Jersey auto insurance market and the serious savings NJ drivers have reaped as a result of the deregulated market.

The post provides some context via this article from The New York Times, part of which reads:

Some of New Jersey's worst drivers are paying more than before and some drivers have experienced little, if any, change in their premium costs. But agents around the state say costs have fallen for most of their customers and many are paying as much as 30 percent to 40 percent less. Even some drivers with poor records are saving money. Over all, state regulators say, drivers have saved more than $500 million since the regulatory controls were relaxed.

Check out Prof's post here and see if you can note the similarities between the New Jersey auto insurance market and the Florida home insurance market. Interesting indeed.