New Jersey Car Insurance

New Jersey state law requires that you have the following as a minimum in your car insurance policy, often referred to as 15/30/5 coverage:

• Bodily Injury Liability (BIL) insurance of $15,000 per injured person with a total of $30,000 per accident.
• Property Damage Liability coverage with a minimum limit of $5,000.

There are basically two options when choosing car insurance in NJ: the Basic Policy and the Standard Policy. The basic policy includes the 15/30/5 cover outlined above and is a low cost option for people who do not have a lot of assets to protect.

The standard policy adds additional coverage against uninsured or underinsured drivers. Both Basic and Standard Policies include $250,000 Personal Injury Protection (PIP) limit for permanent or significant injury.

The state of New Jersey follows a optional No-Fault system meaning drivers may reject the No Fault system options and retain the right to sue for any auto-related injury.

Remember that this is just the minimum required coverage, but this may not be enough if the cost of damages is higher than the coverage of your auto insurance policy.

With many expensive cars on the road, this could be a real possibility, so you should always aim to get as much auto insurance cover as you can comfortably afford.

Some experts recommend increasing your property damage cover to a minimum of $50,000 or even $100,000 just to be on the safe side. It won’t add too much to your premiums and is well worth the little extra for the peace of mind.

Before obtaining any NJ car insurance quotes make sure you:

• Have all necessary information about the vehicle you want to insure at hand.
• Understand the legal requirements and types of coverage available to you.
• Always answer any questions truthfully, it is an offence not to.

Compare free NJ car insurance quotes now and see how much you could save.