New Jersey Auto Insurance Minimum Coverage Requirements

New Jersey Auto Insurance Requirements: What You Need to Know

Drivers in the state of New Jersey are required to carry auto insurance in order to be able to legally drive. The minimum coverage requirements for auto insurance in the state of New Jersey are designed to ensure that drivers have enough coverage to protect themselves, their passengers, and other drivers in the event of an accident. Knowing what the minimum coverage requirements are in New Jersey can help you make sure you have the right coverage for your needs.

New Jersey’s Minimum Liability Coverage Requirements

Liability coverage is the most basic type of auto insurance coverage, and it is the minimum amount of coverage that is required by the state of New Jersey. This coverage helps to pay for the medical bills, property damage, and other costs that can result from an accident in which you are at fault. In the state of New Jersey, drivers are required to carry the following minimum amounts of liability coverage:

$15,000 per person for Bodily Injury Liability
$30,000 per accident for Bodily Injury Liability
$5,000 per accident for Property Damage Liability

Bodily Injury Liability coverage helps to pay for the medical bills that are incurred by the other driver or passengers in an accident that you cause. Property Damage Liability coverage helps to pay for the cost of repairing or replacing the other driver’s property, such as their vehicle.

Uninsured/Underinsured Motorist Coverage

Uninsured/Underinsured Motorist coverage helps to pay for the medical bills, property damage, and other costs that are incurred in an accident with a driver who does not have enough insurance coverage to pay for all of the costs. This coverage is not required by the state of New Jersey, but it is an important type of coverage to have in order to protect yourself in the event of an accident with an uninsured or underinsured driver.

Collision and Comprehensive Coverage

Collision and Comprehensive coverage are not required by the state of New Jersey, but they are important types of coverage to have in order to protect yourself and your vehicle in the event of an accident or other damage. Collision coverage helps to pay for the cost of repairing or replacing your vehicle in the event of an accident. Comprehensive coverage helps to pay for the cost of repairing or replacing your vehicle in the event of damage that is not caused by an accident, such as theft, vandalism, or a natural disaster.

Conclusion

The minimum coverage requirements for auto insurance in the state of New Jersey are designed to ensure that drivers have enough coverage to protect themselves, their passengers, and other drivers in the event of an accident. Knowing what the minimum coverage requirements are in New Jersey can help you make sure you have the right coverage for your needs. In addition to the minimum liability coverage requirements, drivers may also want to consider purchasing Uninsured/Underinsured Motorist coverage, Collision coverage, and Comprehensive coverage in order to fully protect themselves in the event of an accident or other damage.