New Jersey Car Insurance: Make Sure You Know The Facts
The first thing you should do before arranging car insurance is check what the requirements of your state are
. Car insurance is a legal requirement for drivers in the vast majority of states and those states have specific laws regarding what level of coverage is acceptable. For drivers in New Jersey car insurance is required; additionally, New Jersey is a "no-fault" state, meaning your insurance policy must pay out for medical expenses for the driver and all passengers no matter whose fault the accident was. Many states follow the "no-fault" policy in an attempt to minimize insurance fraud. You are, however, entitled to sue someone from another state if they have caused the accident.In New Jersey, the minimum bodily injury liability required for one person injured in a car accident is $15,000; the bodily injury liability minimum required for all persons injured in the same car accident is $30,000; and the property damage liability minimum required for one car accident is $5,000. There is, however, the option of a basic policy with limits of $10,000 for one person and $10,000 for all persons. New Jersey car insurance laws also require you to have uninsured motorist coverage under the standard policy; this is not available under the basic policy.
Bear in mind, however, that the minimum limits in New Jersey may not be enough if you are involved in an accident. When you consider that the average car accident costs hundreds of thousands of dollars, your policy may fall well short of the amount of money you need. It is therefore sensible to consider raising your liability limits; your insurance agent can advise you further on this. You may be a frequent traveler to other states and want to know that you are covered if you have an accident outside New Jersey. If you have the minimum New Jersey liability coverage and have an accident in another state that has higher minimum liability requirements, your coverage will increase to their limits to protect you.
Having adequate car insurance in place gives you the peace of mind that should the worst happen and you are involved in an accident, you are protected financially. It is an expense that you cannot afford not to budget for. The best way to get a good deal on your policy is to shop around; use a comparison website for a quick and easy way to compare similar policies; the information will be presented in an easily understood format and this will make it more straightforward for you to make an informed decision. If you already have homeowners insurance, ask your insurer for a quote on car insurance too; sometimes they will offer a discount if you have more than one policy with them.
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