Expanding access to driver’s licenses would provide a much-needed boost to New Jersey’s economy.
- New Jersey Policy Perspective estimates insurance companies would take in about $233 million in additional premiums each year, reducing the number of claims against uninsured drivers.
- Although many factors contribute to insurance cost, having more insured cars would benefit everyone as those with insurance won't have to pick up the bill for those that don't have their car insured.
- The State of New Jersey would also take in $11.7 millions dollars in new revenue from fees paid by new driver’s license applicants and license renewals.
- Further, local economies throughout the state would be bolstered by strengthening the mobility of New Jersey’s workforce and integrating diverse communities into the New Jersey economy.
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