New Jersey Auto Insurance - Why So Expensive?

New Jersey auto insurance is mandatory for drive a vehicle in New Jersey. Auto insurance law of New Jersey offers easy options for insuring your vehicle. However, there is no single criterion cost or type of coverage under New Jersey auto insurance. You pay a peculiar percentage depending on different determinants like your age, your matrimonial status, make of your vehicle, peculiar place, drive habits, etc. You make up one's mind on specific quote after considering and reviewing options of different insurance companies.

Why do I need auto insurance?

If you drive without New Jersey auto insurance, you confront terrible punishments like suspension of your driving license, brawny fines, suspension of vehicle registration, jailhouse terms, etc. You also pay for lost wages, pain, and other agonies of people in lawsuit of any accident.

Types of New Jersey auto insurance policies

New Jersey auto insurance offers two types of insurance policies:

Basic Policy - This low-cost policy is mandatory for all drivers. Although benefits are few, you have basic and minimum protection at low-cost rates. This policy is most suitable for new and immature drivers.

Standard Policy - You have widespread protection covering your assets but at higher rates than basic policy.

Coverage available under auto insurance

New Jersey auto insurance offers different coverage according to your policy.

Property Damage Liability - When you cause any accident and damage other’s property, you have $5,000 per accident coverage under basic policy but have higher coverage under standard policy.

Bodily Injury Liability - This screens injury claims of people affected by your accident. Basic policy offers an optional overall coverage of $10,000 per accident for all affected persons. Standard policy offers coverage of $15,000 per individual for each accident and overall $30,000 for all people in accident with higher limits.

Personal Injury Protection - This supplies coverage for physical injuries to you and others under your policy. Basic policy offers coverage of $15,000 per accident per individual with upper bounds limit of $250,000 for lasting injuries or other specifically mentioned injuries. Standard policy offers minimum coverage of $250,000 per accident per individual and up to $250,000 for any lasting injuries. You can choose specific coverage bounds under standard policy.

Basic policy of New Jersey auto insurance makes not offer any comprehensive, collision, underinsured or uninsured motorist coverage. Standard policy though supplies optional comprehensive and hit coverage and underinsured or uninsured motorist coverage.