Car Insurance in New Jersey or auto insurance— as in other states — represents a requirement that every driver must meet in order to legally operate a vehicle within state boundaries.
Regardless of the vehicle they drive or the type of license they have, auto insurance in NJ is mandatory for all drivers, as in other places in the United States. In that sense, they represent an indispensable requirement to operate a vehicle and their omission can lead to harsh sanctions such as the suspension of the driver’s license.
For that reason, finding a good insurer is important. The companies that offer this type of service are usually very competitive and offer attractive plans that include several benefits, beyond the standard basic coverage that is usually common among them.
What are the Best Auto Insurance Options in NJ?
Car Insurance in New Jersey or auto insurance, as in other states, there are several auto insurance options, each with its own advantages. Due to the great offer, it is advisable to take into account some criteria – beyond the monthly payment – to choose the best alternative, one that fits our particular needs and that implies some additional benefits.
A good guide to choosing the right company can be the prestige of the company and the experience that users manifest through comments or ratings on Google. On the other hand, there is the opinion of the experts, which agrees that some of the most prominent insurance companies in New Jersey are the following:
Despite being among the cheapest and most affordable on the market, Progressive really stands out for adapting to the client, customizing their policies and coverages to the maximum and including other goods beyond the vehicle, in case the driver needs it. For new customers, this company offers discounts that can make a big difference in the monthly premium they will have to cover to enjoy the benefits.
- Liberty Mutual
This company has a whole range of coverages that fit many needs, therefore, it can be a good option both for those looking for cheap policies and for those who want a comprehensive and complete service that covers different scenarios. It also offers discounts for all those who hire its services.
AllState is one of the most recognized insurance companies in the country, mainly because of the cost of its vehicle policies, which tends to be quite competitive. People who decide to hire their services can count on the advice of experts to find the policy that best suits their needs.
- State Farm
According to experts, this company is the perfect choice for teen drivers and college students. However, it also offers excellent coverage alternatives for drivers of all ages, all perfectly adjusted to your needs with affordable rates.
- Freeway Insurance
This company offers basic plans and also premium options for those looking for broader coverage not only for vehicles, but also for other goods and situations. It has an excellent prestige, reinforced by a personalized bilingual attention that is particularly convenient for foreign residents. Its reach extends to more than 20 states in the country.
It is important to note that each insurance company’s prices vary considerably from city to city within the state of New Jersey as Car Insurance in New Jersey term. This is because they are set based on risk: some cities have a higher rate of traffic accidents, injuries or deaths related to vehicles. For that reason, the monthly or annual auto insurance premium may be higher.
Those places where the risk is lower, will imply a lower monthly and annual premium for the clients of the different insurance companies. Added to this are other factors that can affect the value of a policy: age, gender, driving history and even the profession of the client.
What are the auto insurance requirements under New Jersey law?
In New Jersey, as in other states, drivers must meet certain requirements related to auto insurance. Basically, when they take out a policy, each of the coverages it has must meet certain specific characteristics, as described below:
- Bodily Injury Liability: To cover expenses related to the injury or death of another driver or pedestrian.
– Standard policy: limit of $15,000 per person/limit of $30,000 per accident.
– Basic policy: $10,000 for bodily injury.
- Property Damage Liability: to cover expenses related to damage to another person’s property: vehicles, houses, buildings and other structures.
– Limit of $5,000 (standard policy or basic policy).
- Uninsured driver: to cover own medical expenses in case of having an accident with a driver who does not have coverage.
– Standard policy: it is mandatory, and the amounts correspond to civil liability coverage.
– Basic policy: not applicable.
- Underinsured driver: to cover own medical expenses in case of having an accident with a driver whose insurance does not cover enough. It is grouped with uninsured motorist coverage.
- Personal injury protection: to cover injury or death of the driver or his passengers following a traffic accident.
– $15,000 limit (standard policy or basic policy)
- Collision: to cover the costs of repair or replacement of the damaged (own) vehicle. It is not required in the state, but if the vehicle is rented, the owner may require it.
- Integral: to cover the costs of repair or replacement of the vehicle (own) if it has been stolen or damaged by weather. It is not required in the state, but if the vehicle is rented, the owner may require it.