Read on to see the latest available information on purchasing car insurance in New Jersey. Shown here are helpful hints on how to choose the right car insurance at the lowest possible rates, which are often not low enough if you live in New Jersey.
New Jersey Minimum Liability Coverage
The minimum per-vehicle car insurance coverage required in the state of New Jersey is $15,000 in Personal Injury Protection, $30,000 in per-accident protection and $5,000 to cover property damage. Insurance agents refer to this minimum coverage as 15/30/5.
Penalties for Driving Without Insurance in New Jersey
First offenders caught driving an uninsured vehicle face fines of up to a thousand dollars, as well as community service and a suspended license for one year. Subsequent convictions result in two weeks of jail time, loss of license for two years, fines as high as $5,000, and 30 days of community service.
Auto Insurance Rates in New Jersey
In the state of New Jersey, the average annual car insurance premium in 2016 was $1,905. This figure stands quite a bit higher than the national average car insurance premium, which was $1,347 during the same year. In fact, New Jersey was the second most expensive state to buy car insurance in 2016.
According to analysts at Top50States.com, New Jersey’s relatively high premium is partly due to the fact that New Jersey has the highest population density of any U.S. state. A lot of drivers maintaining close proximity will likely increase the number of accidents that occur.
Also affecting annual rates are a preponderance of statewide insurance carriers and the effect of certain state laws. For example, the state of New Jersey features a “no-fault” clause. No-fault laws are known to drive up the cost of car insurance.
Low Cost Car Insurance Programs in New Jersey
Here’s a smart way to get low cost auto insurance in the state of New Jersey, or in any state where public transportation is easily accessible: Get a driver’s license and don’t use it for three years. Stick with mass transit instead. After three years when you go to get car insurance, you will have a perfect driving record and will become eligible for all kinds of discounts like the Accident-Free discount and the Good Driver discount, among others.
Additional discounts on car insurance include Good Student discounts, Defensive Driving Course discounts, Vehicle Safety discounts, Passive Restraint discounts, Multiple Policy discounts and Multiple Auto discounts, for instance.
Obtaining Auto Insurance Quotes in New Jersey
Among the most highly regarded car insurance companies that serve drivers in the state of New Jersey are Allstate, Geico, Liberty Mutual, The Hartford, State Farm and 21st Century, to mention just a handful. On the other hand, some New Jersey car owners prefer locally based insurance companies like AIS, Mercer or Franklin. If these are not enough, there are dozens more to choose from. Simply call around and compare quotes. New Jersey has nearly forty insurance carriers that offer car insurance at competitive rates. No matter which carrier you choose, go for every discount you can get.