New Jersey Drivers Seek Car Insurance Quotes Online: Required Coverage
In the state of New Jersey, required coverage is confusing as there are two different types of policies, the standard and the basic. For the standard policy, which is the more common of the two, liability limits are $15,000 per person for bodily injury; $30,000 per accident for bodily injury; and $5,000 per accident for property damage. The basic policy has an optional $10,000 per person for bodily injury and $5,000 per person for property damage.
Other forms of mandatory coverage include PIP or personal injury protection of at least $15,000, which compensates you in case of bodily injury in an accident regardless of fault. UM or uninsured motorist coverage is also mandatory for the standard policy, despite the state having an unimpressive estimated 11.2% of uninsured drivers
New Jersey Drivers Seek Car Insurance Quotes Online: Coverage Advice
Insurance insiders consistently recommend carrying liability coverage of at least $100,000 bodily injury per person; $300,000 bodily injury per accident; and $100,000 property damage per accident. This is much higher than the standard and basic policies.
Car owners will also want to consider carrying physical damage for their own car. If your car is still financed, the lender will require you to carry collision and comprehensive coverage to protect the vehicle. For the unfinanced vehicle, the choice is yours. You will need to compare the cost of premiums with the cost to repair or replace your vehicle if necessary. Collision covers moving accident damage. Comprehensive covers non-moving incident damage.
Drivers should check out the types of insurance offered by automobile club memberships and premium credit cards. Towing and labor coverage and rental car coverage is sold by insurers, as well as by these other companies. You may already be paying for it. If not, they are good to consider adding to your policy.
New Jersey Drivers Can Get Car Insurance Quotes Online Now
