New Jersey Auto Insurance Quotes

If you're looking into New Jersey auto insurance coverage, you've found the right place. In addition to sthe most comprehensive information on New Jersey's auto insurance requirements, you can also request quotes from several carriers that are authorized to do business in New Jersey. Before shopping for a policy, familiarize yourself with New Jersey's minimum insurance coverage requirements so that you can keep your vehicle legal.

New Jersey Liability Insurance Requirements

In New Jersey, drivers have two options for purchasing liability insurance.  The basic plan allows you to be in compliance with the state's insurance requirements and offers $10,000 for injury/death and $5,000 for property damage.  This is a very basic policy and is best for young people who do not have a lot of assets.

The standard liability insurance plan offers more coverage than the basic plan.  This plan includes a minimum of $15,000 for bodily injuries for one person per accident, $30,000 for all bodily injuries in one accident, $5,000 for property damage, $15,000 in uninsured and underinsured motorist coverage, and $15,000 in personal injury protection coverage.

Choosing a New Jersey Auto Insurance Plan

If you are having difficulty in choosing between the basic and standard liability insurance plans, it would be wise to consult with an insurance agent or insurance company representative.  Both plans provide some coverage, but the level of coverage you need will depend on your financial situation.  An accident can result in a lawsuit, which can result in a large financial burden.  If you have the right coverage, this burden can be lessened.

Determining Financial Responsibility

New Jersey is one of the states that is known as a no-fault state.  This means that your insurance company must cover your expenses if you are in an accident, regardless of who is at fault for the accident.  The no fault-system was implemented in an attempt to reduce auto insurance fraud that was occurring in New Jersey and other no-fault states.

New Jersey Auto Insurance Compliance

If you are pulled over and asked for proof of insurance, you must provide the law enforcement officer with a valid insurance identification card.  The penalties for driving without insurance depend on how many offenses you have accumulated.  The first offense will result in a $300 fine, license suspension for one year, and community service.  The second offense will result in a $500 fine, 14 days in jail, 30 days of community service, and license suspension for two years.