Despite its small size, New Jersey is one of the most populated states in the country. Along with its close location to New York City, where millions of people live and commute to on a daily basis, having adequate car insurance coverage is an absolute necessity for every New Jersey driver at all times. To help find the lowest possible rates for insurance coverage quickly and easily, CarInsuranceQuotes.com allows New Jersey motorists to search our online partners just by entering their Zip code and then answering a few questions about their driving history. And it can be done from the comfort of the home or office.
New Jersey Car Insurance Requirements
New Jersey residents are some of the best insured in the country.
First of all, New Jersey is one of the few no-fault states. To help keep car insurance rates at a minimum and lower the amount of lawsuits filed by motorists every year, New Jersey enacted the no-fault policy which makes each individual’s insurance company responsible for their damages regardless of who was responsible for the accident. For this reason, every New Jersey motorist is required to carry Personal Injury Protection (PIP) for their vehicles which not only pays for the medical expenses of the driver and their passengers, but also covers lost wages and funeral expenses if necessary.
Second, New Jersey drivers are also required to a have a minimum amount of liability coverage for their vehicles. There are exceptions to the no-fault policy for the state of New Jersey, such as the cost of medical expenses exceeding a certain dollar amount, in which the driver responsible for the accident may be required to cover the damages. Therefore, all New Jersey motorist must maintain a minimum of 15/30/5 liability coverage for bodily injury and property damage protection.
- Bodily Injury Liability- Covers medical expenses of the other driver and their passengers. Under the minimum required coverage, the insurance company will pay $15,000 for a single person up to a maximum of $30,000 for the driver and their passengers.
- Property Damage Liability- Pays for repairs to the other person’s vehicle as well as any public and private property which may have been damaged in an accident. The maximum coverage under the minimum requirements is $5000 per incident.
It is important to note that the rising costs of repairs and medical expenses make it easy for the damages to exceed the state required minimum coverage. Therefore, the state of New Jersey recommends that all motorists purchase liability coverage greater than the required minimums as well as Comprehensive and Collision protection to pay for damages to the insured’s vehicle when they are responsible for the accident or when their vehicle is damaged by wildlife or other natural events.
Third, the state of New Jersey requires that all its motorists have Uninsured Motorist protection for their vehicles to cover damages when the other driver’s insurance coverage is insufficient to cover the incurred damages or when the vehicle is damaged in a hit and run. The reason for this is that a few states do not require their motorists to have liability coverage, and even if they do, many motorists fail to maintain this coverage.
CarInsuranceQuotes.com understands how difficult it can be to find time to search the Internet for low cost car insurance quotes for vehicles. That is why CarInsuranceQuotes.com has streamlined the process, allowing our customers to get low cost New Jersey car insurance quotes in less than five minutes, from the comfort of their home or office. And CarInsuranceQuotes.com has partnered with reputable companies so our customers know they are getting great car insurance rates from companies they can depend on.