New Jersey Car Insurance – Auto Insurance Quotes in NJ
New Jersey has a staggering population, and its proximity to New York, to which much of the population commutes, means that there are a lot of drivers in the state. Many of them are not even aware of the fact that New Jersey has its own specific car insurance requirements and regulations, which they really need to know.
Discovering those laws, however, and comparison shopping for the best auto insurance rates, can be tedious and time consuming. MyCarInsuranceRates.com can help so drivers can find the lowest rates for their car insurance needs.
New Jersey Car Insurance Requirements
By all accounts, New Jersey has an enviable car insurance system, in part because it is a no-fault state. This means that each driver in an accident (and their insurance company) is required to pay for their own damages. At the same time, however, drivers in the state have the option of rejecting the no-fault policy, which actually makes New Jersey a choice no-fault state, in order to retain the ability to litigate, or sue.
As a no-fault state, New Jersey requires its drivers to have basic and standard policies, which include liability coverage, uninsured/underinsured coverage, and personal injury protection (PIP). MyCarInsuranceRates.com can help New Jersey residents find the lowest and best rate quotes for their required policies, thanks to a database that includes the top best car insurance companies in the country.
Understanding New Jersey Car Insurance Liabilities & Coverage
New Jersey requires 15/30/5 coverage along with UM limits of 15/30. What that means is that every driver in the state must have a policy which will cover $15,000 for an individual injured in an accident, $30,000 minimum for each accident’s total medical expenses, $5,000 for property damage, to include public and private property damages and claims, and $15,000/$30,000 coverage for uninsured or underinsured motorists.
Personal injury protection is also required, and must meet a $15,000 limit. That is a lot of car insurance to have, which makes for incredibly safe, or at least covered, driving; however, to get the best car insurance rates, drivers can compare quotes right here.
New Jersey Insurance Coverage
Basic Policy:
- Property Damage Liability: $5,000 Limit
- Personal Injury Protection (PIP): $15,000 Limit
Standard Policy:
- Bodily Injury Liability: $15,000/$30,000 Limit
- Property Damage Liability: $5,000 Limit
- Uninsured/Underinsured Motorist Bodily Injury: $15,000/$30,000 Limit
- Personal Injury Protection (PIP): $15,000 Limit
*Both Basic and Standard Policies include a $250,000 PIP minimum for significant injury, temporary or terminal.
The amount of insurance required in the state of New Jersey is meant to keep every driver as safe as possible. Drivers can also get the best coverage at the best price by shopping around and forcing auto insurance companies to compete through car insurance quotes for your business.
New Jersey Car Insurance Laws & Regulations
Liability insurance and proof of financial responsibility is a must in the state of New Jersey. A driver with a first offense can pay between $300 and $1,000 in fines, may lose his or her license for a year, and is likely to do community service. Multiple offenders will pay at least $500, as well as court costs, and can face mandatory jail time as well as community service. The driver’s license will likely be suspended, and he or she will face collateral damages with the MVS. It is not worth the risk of driving without car insurance, nor is it necessary when New Jersey drivers can find cheap, affordable rates.
Average New Jersey Car Insurance Rates
Due to the amount of car insurance drivers are required to carry in New Jersey, the state’s average monthly rate in 2010 was $107.50, while its yearly rate was $2,478. On a national level, drivers paid slightly more with an average of $128.17 per month and $1,538 per year. Rates have stayed fairly steady in New Jersey over the past year, but it is still possible to find low rates on auto insurance.
MyCarInsuranceRates.com has access to state auto insurance information as well as the highest ranked insurance companies in the United States, willing to compete for business by providing consumers car insurance quotes to compare.
New Jersey Car Insurance Quotes
From 2008 to 2009, auto insurance in New Jersey saw a 13 percent increase, although between 2009 and 2010, there was a 1 percent decrease. This leads many people to think they cannot get a lower car insurance rate in New Jersey, but that is simply untrue.
MyCarInsuranceRates.com provides information as well as free car insurance quotes, allowing New Jersey drivers to comparison shop for the most affordable car insurance rates online from the best car insurance companies, such as Nationwide, Allstate, GEICO, Progressive, 21st Century Insurance, Liberty Mutual, State Farm, Farmers Insurance, AAA, AARP, and Esurance. Enter your zip code to begin a free, instant car insurance quote and start saving money with cheap New Jersey car insurance.
