New Jersey Auto Insurance (NJ Auto Insurance, NJ Car Insurance)
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New Jersey auto insurance is a mandatory requirement as per the state laws. Driving uninsured or underinsured vehicles attracts severe penalties. At the first instance, the driver suffers loss of driving privileges for a year. The second offense is punishable with 14 days in jail. In any case, the police impound the uninsured vehicle and lodge a traffic laws violation case against the owner. Thus, to escape legal hassles, an individual should buy appropriate New Jersey auto insurance.
New Jersey auto insurance is a mandatory requirement as per the state laws. Driving uninsured or underinsured vehicles attracts severe penalties. At the first instance, the driver suffers loss of driving privileges for a year. The second offense is punishable with 14 days in jail. In any case, the police impound the uninsured vehicle and lodge a traffic laws violation case against the owner. Thus, to escape legal hassles, an individual should buy appropriate New Jersey auto insurance.
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New Jersey Auto Insurance: Basic Policy
A basic New Jersey car insurance policy provides enough coverage to meet the insurance requirements as mentioned by the law. By purchasing basic auto insurance, an individual becomes eligible for $5,000 as third party coverage and $15,000 as medical cover. However, this policy does not cover liabilities and personal damage expenses. This policy is meant for people with lesser family responsibilities and fewer assets.
New Jersey Auto Insurance: Standard Policy
The standard policy is very popular among drivers who understand the needs and benefits of auto insurance. This policy offers a range of different coverage options to choose from. One can buy the following covers:
- Bodily injury liability
- Property damage liability
- Personal injury protection, and
- Uninsured and underinsured motorist coverage
With standard New Jersey auto insurance, an individual can also buy collision or comprehensive coverage. Collision coverage pays for the damage caused to the insured vehicle, whether the accident is caused by the policyholder or not. However, comprehensive insurance pays for damage caused due to theft or factors that are not covered under the collision cover, such as vandalism or fire.
New Jersey Auto Insurance: Dollar-a-Day Policy
In order to expand the benefits of NJ auto insurance to all the sections of society, the state insurance department has come up with the ‘dollar-a-day’ policy. This policy is meant for only those people who are recipients of the federal Medicaid policy. This New Jersey auto insurance policy costs $360 annually or $365 if paid in two installments of six months. It provides medical cover to low-income drivers against bodily injuries, including brain and spinal cord injuries, caused by accidents. Moreover, it offers $10,000 in death benefits to the policyholder.
New Jersey state department has constituted strict laws regarding claims settlement and customer protection.
Find out more about the New Jersey Car Insurance.
