New Jersey Auto Insurance

You are required to have a minimum amount of New Jersey auto insurance if you operate a vehicle in New Jersey. This state is different from most states however, in that the motorist has a choice between 2 types of coverage’s basic coverage and standard coverage.

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Basic Coverage

This is the lowest coverage you can have of New Jersey auto insurance. With this coverage, you just need to have a minimum of $5,000 of property damage liability insurance. This insurance covers damages to other motorist vehicles, up to $5,000, if you are found at fault for an accident. You are not required to have bodily injury insurance, but are required to have Personal Injury Protection (PIP) insurance. PIP insurance covers injuries to you in the case of an auto accident regardless of fault.

Standard Coverage

Standard coverage is the most common type of insurance purchased in New Jersey. This insurance covers a minimum of $15,000 per person and $30,000 per accident of bodily injury liability insurance. This insurance cover injuries and medical costs of other motorists, if you are at fault for an accident. You are also required to have at least $5,000 property damage insurance as well as PIP insurance. You are also required to have uninsured motorist insurance, this covers you when you are involved in an accident with a motorist who does not have insurance.

This is the minimum amount of liability amounts required, but when you purchase the standard coverage policy you can increase these amounts to fully protect you. Remember that if the damages you cause are higher then you liability amount, then you are on the hook for the rest of the damages! If your liability is low, you could end up paying several thousand dollars.

Raising these liability amounts will raise your premiums. To determine the amount at which your premiums will increase, get a free online New Jersey car insurance quotes . This quote will compare all the major companies in New Jersey and give you the lowest prices.

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