subject: New Jersey Car Insurance Laws [print this page] New Jersey financial responsibility laws differ significantly from other states in the nation. While most states throughout the US only require drivers to carry a minimum amount of coverage to protect third party drivers, New Jersey requires drivers to protect themselves as well. If you are in the process of purchasing a car, you must bind New Jersey car insurance before you hit the road for the first time. Quoting insurance coverage options and choosing a policy that is comprehensive in coverage and affordable in price is important to ensure you can afford the vehicle of your dreams. Review the coverages that are required in New Jersey to set a budget that works for you.
Liability Requirements
Liability is designed to cover injuries and damages you may cause to a third party. Liability consists of both Bodily Injury and Property Damage coverages. In the state of New Jersey, drivers must carry at least $15,000 per person/$30,000 per accident in Bodily Injury and $5000 per accident in Property Damage. When you are quoting liability coverage limits, receive New Jersey car insurance quotes with a variety of different limits to get an idea of the difference in price. Carrying state minimum liability could leave you at risk for lawsuits and wage garnishments if you cause damages or injuries in excess of the limits you are carrying.
Personal Injury Protection
Personal Injury Protection is designed to carry you and your passengers. This coverage will pay for medical expenses that are necessary and reasonable and are caused by a covered accident. While the state only requires drivers to carry $15,000 of coverage per person, there are higher coverage options available to drivers in exchange for higher premiums.
While drivers are legally required to carry liability insurance, there is a small percentage of drivers on the road who choose not to abide by the rules. Because the state realizes this, they require drivers to carry Uninsured Motorist protection to protect themselves against uninsured drivers. Uninsured Motorist will pay for injuries to you and your passengers if a driver without insurance injures you. Uninsured Motorist Property Damage will pay for damages to your vehicle if the third party without insurance causes damage. If you carry collision, your deductible will be waived and if you do not you will receive up to $5000 for repairs.
When you are quoting New Jersey car insurance, always receive a variety of different coverage limits to understand what you can reasonably afford. If it is within your budget, carry higher liability, personal injury protection, and uninsured motorist limits for further protection. By customizing your policy to fit your budget and your needs, you will have the peace of mind you need when hitting the highway.
by: 4pr1Lson
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