HACKENSACK, N.J., May 18 /PRNewswire/ -- The Allstate New Jersey Insurance Company today commended the leaders of both the New Jersey State Senate and New Jersey General Assembly for achieving meaningful auto insurance reform.

"After several months and many long hours of testimony, the State Legislature and the Governor have produced a reform bill that will positively change the state's auto insurance system," said Edward T. Collins, counsel for Allstate New Jersey Insurance Company. "As these reforms are implemented, drivers will finally begin to enjoy the benefits of a more competitive marketplace."

Throughout the legislative deliberations, Allstate New Jersey has advocated reform to spur competition, provide drivers with more choices, and aggressively attack fraud.

"This auto insurance reform bill accomplishes all three things. Law enforcement will have more power to prosecute individuals committing insurance fraud, and drivers will have more options in choosing how much insurance best suits their needs and budget in a more competitive marketplace," continued Collins.

"The Legislature has fulfilled its goal of achieving real auto insurance reform," said Collins. "Allstate is committed to working hard to effectively implement this new law and to maximize savings for our customers."

The Allstate Corporation (NYSE: ALL) is the parent of Allstate New Jersey Insurance Company and Allstate Insurance Company, the nation's largest publicly held personal lines insurance company, insuring one of every eight autos and homes in the country. The company provides insurance for more than 20 million customers and has approximately 15,000 agents in the U.S. and Canada. Allstate Life Insurance is one of the country's largest life insurers and among the fastest growing.