Auto Insurance in New Jersey
Your car is more than just a means of getting from point A to B. Make sure your auto policy is providing the right coverage for you and your family.
What does Personal Auto Insurance cover?
Most personal Auto Insurance policies in NJ include the following coverages:
- Auto Liability Coverage – Covers claims and lawsuits involving bodily injury or property damage “to others” as a result of an auto accident that you cause.
- Uninsured/Underinsured Motorist Coverage – Covers claims and lawsuits involving bodily injury or property damage “to you” as a result of an auto accident caused by others who have no auto liability coverage of their own or who carry less coverage than you carry.
- Personal Injury Protection (PIP) – Covers injuries sustained in an auto accident by you or other persons covered under your policy. It can also cover your lost wages.
- Comprehensive Coverage – Covers theft of your vehicle or damage resulting from fire, flood, falling objects, and vandalism. It does not cover collision.
- Collision Coverage – Covers damage to your own vehicle resulting from a collision with another vehicle or object.
Is Auto Insurance Required by Law?
In most US states, personal auto insurance is a legal requirement, and this includes the state of New Jersey.
How Can We Help?
Personal auto insurance is a massive industry with hundreds of policies and coverage combinations to consider. So many, in fact, that getting the perfect balance of coverage and value for your money can be a real challenge when choosing a policy on your own.
Unfortunately, if you don’t choose the right options, your car may not get fixed, your medical bills may not get paid, and your lost wages may remain lost.
Since we work with so many different insurance companies, we can find our clients the best policy that matches their needs and fits their budget.
To improve your protection, consider these Auto Insurance Coverage Recommendations & Money Saving Options...
We recommend the following coverages and limits.
- Automobile Liability coverage of $500,000 on a “Combined Single Limit” basis
- Uninsured Motorist coverage of $500,000 on a “Combined Single Limit” basis
- Full Personal Injury Protection (PIP) of $250,000 with a $250 PIP deductible
- PIP as the primary payor in the event of an automobile accident
- Additional PIP coverage, (Option #8), depending upon your annual salary
- Comprehensive and Collision coverage with deductibles of $500
- Towing coverage of $50
- Rental Reimbursement coverage of $50 per day or higher
- Consider higher deductibles for comprehensive, collision, and PIP coverage
- Consider eliminating comprehensive and collision coverage on older vehicles
- Insure your home and autos with the same company to receive multi-policy discounts
- Check your credit history and correct inaccuracies to improve your insurance score
- Avoid installment fees by having your premiums automatically withdrawn from your checking account
- Enroll teenage drivers in “driving training” programs for special discounts
Other Important Considerations
- Choose your Lawsuit Option (Right to Sue) carefully. Your choice applies to you, your spouse, your children, and other relatives living with you who don’t have their own personal auto insurance.
- We also recommend a Personal Umbrella Liability Policy of at least $2,000,000.
- Call us directly when you purchase or lease a car. Never rely on the dealer to call for you.
- Under certain circumstances, you may be required by state law to take your car for a “Photo Inspection”. This must be done within 7 days, otherwise, your physical damage coverage is automatically suspended.
- Be careful when renting a car or borrowing someone else’s car. Your policy “will not” provide coverage for damage to the rented or borrowed car “unless” you have comprehensive and collision coverage on your own policy. When renting a car, we suggest that you purchase the collision deductible waiver.
- If you have more than one automobile policy in your household, we recommend that all policies have the same “high” liability and uninsured motorists limits.