Topic: Uncategorized

New Jersey Auto Insurance Policy Requirements

Q: What is in a basic New Jersey auto insurance policy?

A: Consumers can add these main options to their New Jersey auto insurance policy:

  1. Liability Coverage
    1. Since property and people are completely separate insurance concepts, liability insurance is divided into two types:
      1. Bodily Injury Liability Coverage
      2. Property Damage Liability Coverage
    2. Liability coverage is required in New Jersey. To legally drive in New Jersey, one must have a valid driver’s license and also the minimum of liability coverage in his or her auto insurance policy:
      1. 25/50/25” (New Jersey’s minimum auto insurance requirement)
      2. $25,000 for injury/death to one person.
      3. $50,000 for injury/death to two or more people.
      4. $25,000 for property damage.
    3. Liability minimums are different for vehicles that are leased.
  2. Collision Coverage is a legal requirement when your vehicle is financed (not completely paid for). It is optional for your New Jersey auto insurance policy if the vehicle is not financed.
  3. Comprehensive Coverage, similar to collision, is only required if you are still paying off your vehicle. If the vehicle has been fully financed, and is thus paid for, comprehensive is not required in your New Jersey auto insurance policy.
  4. Medical Payments Coverage is advisable to include in a New Jersey auto insurance policy though it is not required.
  5. Uninsured (and Underinsured) Motorist Coverage is required in New Jersey.
  6. Personal Injury Protection (PIP) Coverage is required under New Jersey state law.
  7. Other Options for your Auto Insurance Policy
    1. Towing Coverage
    2. Rental Coverage
    3. Loan/Lease Gap Coverage
Q: Is New Jersey a No-Fault state? 
A: Yes, New Jersey has a no-fault insurance system.
Q: How can I get a discount on a New Jersey auto insurance policy
A: To see if you are eligible for the several ways you may be able to save money on your policy, take a look at our list of auto insurance discounts.
Q: Where can I find more information about New Jersey auto insurance? 
A: You can consult the following official internet resources for more information on insurance coverage in the state of New Jersey:
  1. New Jersey Insurance Resources
    1. The New Jersey Motor Vehicle Commission (MVC) manages the issuance of driver’s licenses, vehicle titles, and registration and includes a list of all Insurance Requirements.
    2. The New Jersey Department of Banking and Insurance helps inform the public of insurance laws and how to find a provider.
  2. National Insurance Resources
CLICKinsure agents are happy to provide their top services to the country’s most densely populated state, New Jersey. From Newark to Atlantic City to the Jersey Shore, residents in any New Jersey city can find reliable insurance information and coverage when they select CLICKinsure as their broker.