What Is The Minimum Auto Insurance Coverage In New Jersey
What Is The Minimum Auto Insurance Coverage In New Jersey?
Understanding Auto Insurance Requirements in New Jersey
Driving without auto insurance is illegal in New Jersey. The state requires all drivers to purchase a minimum amount of auto insurance coverage in order to legally operate a vehicle. This requirement is in place to protect drivers and other motorists in the event of an accident. Understanding what the minimum auto insurance coverage in New Jersey requires is essential when shopping for a policy.
What Is The Minimum Auto Insurance Coverage in New Jersey?
The state of New Jersey requires all drivers to have the following minimum auto insurance coverage: bodily injury liability coverage of $15,000 per person and $30,000 per accident, property damage liability coverage of $5,000, and personal injury protection (PIP) coverage of $15,000. To put it simply, this means that any driver must carry auto insurance that covers at least $15,000 per person in the event of a bodily injury and $30,000 per accident. It also requires the driver to have $5,000 in property damage liability coverage, and $15,000 in personal injury protection coverage.
What Does Personal Injury Protection Cover?
Personal injury protection (PIP) coverage is a type of auto insurance coverage that is required in the state of New Jersey. This coverage helps to cover medical bills, lost wages, and other costs associated with injuries sustained in a car accident. It is important to note that this coverage does not cover damage to any other vehicles involved in the accident. It also does not provide protection against liability or legal costs.
Do I Need Additional Coverage?
While the minimum auto insurance coverage in New Jersey is designed to provide some level of protection, it may not be enough to cover all potential damages and losses. It is important to consider additional coverage options to ensure that you are adequately protected in case of an accident. Collision coverage, comprehensive coverage, and uninsured motorist coverage are some of the additional coverage options available.
Where Can I Find Affordable Auto Insurance?
When shopping for auto insurance, it is important to compare quotes from multiple providers in order to find the best coverage at the most affordable price. It is also important to consider the coverage limits and deductibles that each policy offers before making a final decision. Shopping around and comparing quotes is the best way to ensure that you get the most coverage for your money.
Conclusion
Understanding the minimum auto insurance coverage in New Jersey is essential for all drivers in the state. It is important to purchase a policy that meets the state requirements and provides the right amount of coverage. Additionally, it is a good idea to consider additional coverage options to ensure that you are adequately protected in the event of an accident. Shopping around and comparing quotes is the best way to find the most affordable and comprehensive auto insurance policy.
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