How much time does an insurance company have to approve or reject my application once it is completed?
The company has 5 days from the time it receives a completed application to approve or decline it, and the clock starts running when the company receives the application, not when you put it in the mail. If you buy through an agent, ask how long it will take for the company to receive your application and you will know when to expect an answer. • Can I do anything to reduce the cost of my NJ Automobile insurance? Yes. Give yourself enough time to shop around. Prices vary from company to company. At the time of purchase, you will be asked to complete a “coverage selection form.” Read the form carefully. You can pay less by taking advantage of cost-saving options available. Buy only the insurance you need. You can help lower the cost of insurance by reporting insurance fraud and spotting aggressive drivers who cause accidents.
