Establishes "Car Insurance Reduction Act"; modifies current law addressing requirements of automobile insurers for underwriting, rate calculations and reductions, and reporting requirements to State.

This bill establishes New Jersey's "Car Insurance Reduction Act," requiring auto insurers to stop using credit history, education, or occupation when setting rates or classifying drivers. Insurers must provide policyholders with clear online explanations of how premiums are calculated - including whether non-driving factors were used - and allow customers to compare coverage options and estimated costs on their websites. The law also mandates premium discounts for safe driving behavior, potentially using telematics devices to track driving habits, and requires insurers to share fraud-detection data with state agencies. These changes directly affect all auto insurers writing policies in New Jersey and their customers, aiming to increase transparency and reward safe driving.