If you are shopping for local auto insurance in New Jersey, you are at the right place. CarInsurance.com offers over a dozen strong, reliable carriers. We want customers to shop and pick the best company that is competing for their business. You can purchase a policy through CarInsurance.com. Getting a quote is easy and you get to compare the rates from multiple companies so you know you are getting a good deal with the right coverage. The only way to save on car insurance is to shop for car insurance. The best rate last year is not the best rate this year!
NEW JERSEY CAR INSURANCE REQUIREMENTS
New Jersey state law requires minimum Bodily Injury Liability limits of $15,000 per injured person up to a total of $30,000 per accident, and Property Damage Liability coverage with a minimum limit of $5,000. This basic coverage is often referred to as 15/30/5 coverage with 15/30 UM limits.
NEW JERSEY INSURANCE COVERAGE:
Basic Policy
Property Damage Liability: $5,000 Limit
Personal Injury Protection: $15,000 Limit
Standard Policy
Bodily Injury Liability: $15,000/$30,000 Limit
Property Damage Liability: $5,000 Limit
Uninsured/Underinsured Motorist Bodily Injury: $15,000/$30,000 Limit
Uninsured Motorist Property Damage: $5,000 Limit
Personal Injury Protection: $15,000 Limit
*Both Basic and Standard Policies include $250,000 PIP limit for permanent or significant injury.
The state of New Jersey follows a Choice No-Fault system meaning drivers may reject the No-Fault system options and retain the right to sue (Tort system) for any auto-related injury.
Personal Injury Protection (PIP) helps pay for "reasonable and necessary" medical expenses for you and your passengers. New Jersey state law requires a minimum Personal Injury Protection coverage of $15,000.
To help protect against damages caused to you and your passengers by an uninsured driver, New Jersey state law requires a minimum Uninsured/Underinsured Motorist coverage of $15,000 per person up to a total of $30,000 per accident for any bodily injury caused by the uninsured and/or underinsured driver.
When you get a quote at CarInsurance.com, our coverage page will give you the option of choosing the Minimum State Required package, more wide-ranging coverage packages, or you can customize every limit and deductible to fit your needs. If that is too complicated, CarInsurance.com's insurance agents are licensed in New Jersey and available to help you all the way through the quote and purchase process.
The average auto insurance premium for residents in New Jersey is $2,478 in 2010; the national average is $1,538. Some people think the state and insurance companies fix the rates, so they never shop around for better rates. Insurance companies segment their rates differently so everyone's rate will be different with each company. You have to shop around to see if you are saving money. CarInsurance.com helps you find the competitive rates and discounted prices available in New Jersey, so average New Jerseyites can get a better-than-average rate on their auto insurance.
2010 has had a decrease in auto insurance rates. It is important to shop for car insurance so you get the best available rate! CarInsurance.com brings competition directly to the consumer and we work to lower your costs through technology.
Even within the state of New Jersey, rates have changed over the past few years. Comparing the current average car insurance rates, the average auto insurance premium in New Jersey is 1% lower in 2010 than 2009. 2009 was 13% higher than 2008 in New Jersey. Now is the perfect time to shop for new low rates on your auto insurance, by requesting a quote online you could save hundreds instantly!
Source : Car Insurance.com
