Auto Insurance in New Jersey
North Jersey is the car theft capital of the world, with more cars stolen in Newark than any other city -- more than New York City and Los Angeles put together. Between that and the icy roads during cold winters, insurance is definitely important in New Jersey. It’s also against the law the drive without it.
Auto insurance rates in New Jersey can vary more than you might think from one insurance company to another. That’s where Auto Insurance Specialists can help!
Try our simple form for an AIS Instant Quote®. This quote will be a range of our auto insurance partners' rates for the coverage you select and you can pick the price you like, too.
Required Auto Insurance Coverage in New Jersey
Two types of auto insurance coverage are required in New Jersey: liability insurance and personal injury protection. Liability insurance is meant to protect others in the event of an accident. It would pay, up to the policy’s limit, for damages that could include: property damages, pain and suffering compensation, lost wages, medical bills, car rental, and more. Personal injury protection would pay for medical treatment that you and anyone named in your policy would require, up to your policy limits.
State Minimum Coverage in New Jersey:
- BI or Bodily Injury: $15,000 per person, $30,000 per accident
- PD or Property Damage: $5,000 per accident
- PIP or Personal Injury Protection: $15,000 per person per accident
To learn more about specific auto insurance coverage, visit our Car Insurance Coverage page.
Optional Coverage in New Jersey to Consider
Though you must fulfill New Jersey’s minimum requirements for car insurance, you should consider additional options to add to your policy—and to consider an amount higher than the minimum. These additional options and higher limits could save you from serious financial problems if you are involved in an accident.
Below are some examples you may want to consider:
- Uninsured/Underinsured Motorist Coverage - Though a suspended license, traffic tickets, and heavy fines are all potential penalties for driving without insurance… many people will still choose to hit the open road with no protection whatsoever. Uninsured motorist coverage will help you pay for damages that were caused by a driver who is uninsured.
- Collision Coverage - If you are in an accident involving another vehicle, this insurance would help pay for damages to your own car, minus your selected deductible for course. Car repairs are costly—the national average repair costs are close to $3,000! Choosing to drive without collision coverage could cost you.
- Comprehensive Coverage - Not all car damage is caused by other vehicles; you should be prepared for natural disasters, hail damage, tornados, flood and more. With this coverage, you would be protected from these kinds of damages less your deductible.
- Higher Bodily Injury Limits - If an accident you were involved in resulted in injuries, medical bills can quickly add up. Depending on the extent of those injuries, that $15,000 minimum per person may be depleted quickly. Additional BI coverage could protect you from potentially insurmountable costs.
- Higher Property Damage Limits - Though New Jersey has its minimum $5,000 property damage requirement… that figure is pretty low. After car repair costs, you may be required to pay for damage to fences, light poles, buildings, and other property damage. That minimum amount could be used up fairly fast, and you may find yourself in a situation in which you’ll be responsible to pay for the remainder – out of pocket.
Although you aren’t legally required to carry these levels and types of coverage in New Jersey, AIS highly recommends that you consider them for your policy. One of the best ways to determine your specific auto insurance coverage needs is to call us at Auto Insurance Specialists.
New Jersey is a No-fault State
To reduce long and costly court battles, some states implemented a “no-fault” system. This means that, regardless of who is to blame for the accident, your insurer will pay for your damages after an accident. In exchange, you would give up some of your rights to sue the other person involved. A modified no-fault system is one in which your insurer would pay for (up to the policy’s limit) your economic damages, but you could sue for non-economic damages.
New Jersey is one of the few no-fault states in the country – but it’s also considered a “choice” state. It gives you the choice to be insured under a pure no-fault system or a modified no-fault system. For additional clarification on the differences, and which one you should opt for, call a licensed AIS specialist to fully understand your options.
New Jersey Auto Insurance Discounts
Because auto insurance can be a great help in protecting you and your family, it is important that you choose the right policy for you. Also, because there are so many variables that may impact your insurance rates, you should be aware of, and take advantage of, all discounts for which you qualify.
We know a lot about finding discounts for you, such as:
- Safe driver
- Good student
- Accident free
- Multi policy
- And more…
To learn more about specific discounts, visit our Discounts page.
For warm weather beaches, delicious produce, and maybe even a few reality show contestants running around, New Jersey is a stunning living locale. But just as in any state you choose to settle in, there are hazards, and insurance is designed to make paying for those problems much more manageable. Having a reliable resource at your service could make your insurance search easier. AIS wants to be that source for you – call us today to see how we can help with your New Jersey auto insurance needs!
Start a New Jersey Insurance Quote Today: (888) 772-4247