In The Venue

According to New Jersey state laws, it is mandatory for every citizen to possess NJ auto insurance . Severe penalties are levied on drivers who are underinsured or not insured. He or she is instantly barred from driving for at least a year. In some cases, drivers may also have to serve a 14 day jail sentence. Police lodge a traffic violation law against the owner after impounding the vehicle.

If you are a resident of New Jersey, it is in your own interest to purchase an appropriate NJ auto insurance. Most of the times, it is enough to go in for a basic coverage which will cover all the requirements as per the law. A basic insurance policy provides $5000 third party coverage as well as a medical cover for $15,000. This is an ideal policy for those with lesser or no family responsibilities and assets as it does not cover personal damage expenses and liabilities.

The most popular NJ auto insurance policy is the standard policy. Those who understand in depth the importance of taking auto insurance go in for this policy. Under this policy various options are covered including uninsured and underinsured motorist coverage, personal injury protection, property damage liability and bodily injury liability.
A $250,000 PIP limit for significant or permanent injury is included with both basic as well as the standard policy. A choice no-fault system is followed by the state of New Jersey. This means it is possible for a driver to retain the right to sue option rejecting the no fault system in case of any injury related to auto accidents.

It is possible to pay for medical expenses for the driver as well as passengers with the PIP or Personal Injury Protection. The state requires a minimum PIP coverage of $15,000. Uninsured or underinsured motorist coverage of $15,000 per person protects you against damage or personal injury caused by a driver who is under insured or uninsured.

It is also possible to obtain comprehensive coverage and collision under this policy. Under the collision coverage, the insurance agency is liable to pay you for damage caused due to collisions irrespective of the fact whether the owner of the vehicle is at fault or not. Comprehensive insurance on the other hand covers factors such as fire, vandalism, etc.

To provide NJ auto insurance benefits to everyone in New Jersey, the state has brought forth the dollar-a-day scheme. Those who are covered under the federal Medicaid policy can avail of this beneficial scheme. Cost of this policy is $360 annually. Drivers who come under the lower income group are benefited by this scheme as they come under the medical cover against bodily injuries caused by accidents. These include the brain and spinal cord injuries. In case of the death of the policy holder the family benefits from $10,000 offered from this policy.

Customers are protected effectively by the state department of New Jersey with strict laws governing customer protection and claims settlement. So, you can opt for auto insurance in this state with a confidence that in case of any eventuality you will be fairly compensated.

There are various low auto insurance policies available in New Jersey. It is a good idea shopping and enquiring around for some time before deciding on one that is ideal for you. This is possible by requesting for free NJ auto insurance quote. There are various websites which offer insurance quotes and you can compare and study in detail before deciding on one most suited to you.

If you want to save considerable amount of money in auto insurance, you have to be eligible for it. Eligibility criteria include a good driving history with no track record of any speeding ticket and accidents. Companies such as Titan Insurance and USAA insurance offer extremely competitive rates but it is in your interest to check various free quotes and study in detail before taking a decision.

The average NJ auto insurance premium for the year 2009 was $2,459 as against $1,766 national average. There is a common misconception that the insurance rates fixed by the state and insurance companies cannot change. This is not true. Rates are segmented differently by insurance companies and each one can shop around for best suited policies at affordable rates. With extensive research and shopping around, it is possible to get discounted prices and competitive NJ auto insurance rates.

Understandably purchasing the cheapest NJ auto insurance will limit your policy to the lower end. In case of severe damages caused by a major accident, most of the aspects will not be covered. You can save considerably on medical expenses if for example, your policy includes the $250,000 medical coverage. It is therefore vital considering all aspects before just choosing the one that is priced lowest. After an in depth research, make an educated decision regarding your NJ auto insurance.