Everything You Need To Know About New Jersey Car Insurance

What is Car Insurance?

Car insurance, also known as auto insurance, is an insurance policy that covers the costs associated with owning and operating a motor vehicle in the United States. It typically covers any liability or property damage resulting from an accident, as well as any medical expenses for the driver and passengers. Car insurance is a legal requirement in most states, and it's important to understand the different types of car insurance and the coverage they provide.

New Jersey Car Insurance Requirements

In New Jersey, drivers must carry a minimum of liability insurance. Liability insurance helps pay for the costs associated with damage or injury that you cause to another person or property while operating your vehicle. The minimum liability insurance coverage required in New Jersey is $15,000 per person and $30,000 per accident for bodily injury, as well as $5,000 for property damage. This means that if you cause an accident that results in $20,000 worth of damage, your insurance will only cover up to $15,000 of the costs.

Additional Coverage Options

In addition to liability insurance, there are other types of car insurance coverage available in New Jersey. Collision insurance pays for the cost of repairs to your car after an accident. Comprehensive insurance covers damage to your car from fire, theft, and other non-accident related incidents. Uninsured/underinsured motorist coverage pays for medical expenses and property damage if you are involved in an accident with an uninsured or underinsured driver. Finally, personal injury protection (PIP) coverage pays for medical expenses regardless of who is at fault in an accident.

How Much Does New Jersey Car Insurance Cost?

The cost of car insurance in New Jersey varies based on a number of factors, including the type of coverage purchased, the make and model of your vehicle, where you live, and your driving record. On average, a basic liability policy in New Jersey costs around $1,500 per year. Adding additional coverage, such as collision and comprehensive, will increase the cost of your policy.

How to Get the Best Rate on Your New Jersey Car Insurance

Shop Around – When it comes to car insurance, it pays to shop around. Different insurance companies calculate their rates differently, so it's important to compare rates from different providers in order to get the best deal. Be sure to compare the coverage and cost of each policy before making a decision.

Discounts – Many insurance companies offer discounts to drivers who meet certain criteria. For example, some companies offer discounts for good drivers, drivers who have taken a defensive driving course, or drivers who have a good credit score. Be sure to ask your insurance company about any discounts they may offer.

Conclusion

Car insurance is an important part of owning and operating a motor vehicle in the United States. In New Jersey, drivers are legally required to carry a minimum amount of liability insurance. There are additional coverage options available to drivers in New Jersey, such as collision, comprehensive, uninsured/underinsured motorist, and personal injury protection. The cost of car insurance in New Jersey varies based on a number of factors. Shopping around and taking advantage of discounts can help drivers get the best rate on their car insurance.