21st Century Centennial Insurance dropping N.J. rates by 20%
By Bob Graham
A direct-to-consumer auto insurance company says it has lowered its overall rate for coverage for drivers in New Jersey by 20%.
Wilmington, Del.-based 21st Century Centennial Insurance Co. said the lower overall rate level is for new customers, effective May 10.
The company said it is one of only a handful of auto insurers to announce a rate reduction in the past year while many of New Jersey’s largest auto insurers raised rates. New 21st Century customers will save an average of $568 annually.
Insuring over 2 million vehicles across 49 states and Washington, D.C., 21st Century companies are part of the Farmers Insurance Group of Companies.