Car Insurance in New Jersey: Everything You Need to Know
Car insurance in New Jersey is essential for drivers, as the state has strict insurance laws and unique coverage requirements. Whether you're a new driver or looking to switch providers, understanding the basics of New Jersey car insurance can help you make informed decisions and save money.
New Jersey has a no-fault insurance system that covers medical expenses regardless of who caused the accident. The state offers two types of policies: the Basic Policy (minimum coverage) and the Personal Injury Protection (PIP) policy, which provides The state offers two types of policies: the Basic Policy (minimum coverage) and the Personal Injury Protection (PIP) policy, which provides $15,000 per person (up to $250,000 for severe5,000 per person (up to $250,000 for severe injuries) and optional bodily injury liability coverage.
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How Much Does Auto Insurance Cost in New Jersey?
The cost of automobile insurance in New Jersey varies depending on age, driving history, region, and the kind of coverage chosen. On average:
Minimum coverage costs between Minimum coverage costs between $1,000 and $1,500 per year.,000 and Minimum coverage costs between $1,000 and $1,500 per year.,500 per year.
Full coverage (which includes accident and comprehensive insurance) can cost between Full coverage (which includes accident and comprehensive insurance) can cost between $1,800 and $3,000 per year.,800 and $3,000 per year.
Younger drivers and those with traffic infractions tend to pay greater premiums.
Ways to Reduce Your Car Insurance Costs in NJ
1. Compare Multiple Quotes - Shopping around allows you to obtain the best rates.
2. Select a Higher Deductible - Raising your deductible might result in reduced monthly premiums.
3. Bundle Policies - Insurers frequently provide discounts when you combine vehicle and house insurance.
4. Maintain a Clean Driving Record - Avoiding accidents and penalties lowers premiums.
5. Inquire about Discounts - Many companies provide savings for responsible drivers, students, and multi-car coverage.
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