subject: Selecting Auto Insurance In New Jersey [print this page] Selecting Auto Insurance In New Jersey
There are many factors in auto insurance New Jersey residents need to consider when selecting a good policy. Of course, the main objective is to get the most coverage for the lowest possible rate, but one has to consider how much coverage is enough and that rates will increase with the amount of coverage. A prospective policy holder must first decide how much coverage he or she feels is adequate to fulfill his or her needs then determine where he or she is likely to get lower rates on the premium.
All vehicle owners in New Jersey are required to have personal injury protection of at least $15,000 and $5000 in property damage liability as found in the basic package. They also need the elements of the standard package that also includes bodily injury liability of at least $15,000 with a $30,000 maximum per accident, uninsured and under-insured motorist bodily injury coverage of at least $15,000 with a $30,000 maximum and uninsured motorist property damage of at least $5,000. Since New Jersey is a choice no fault state, drivers can forego the no fault system and keep the right to sue with a tort system.
This is only one factor in auto insurance New Jersey residents should keep in mind when looking for policies. The state minimum requirements may not do enough to cover needs when damage to a vehicle occurs outside the confines of an auto accident. Does the coverage include stipulations that cover the repair or replacement costs if the vehicle is damaged in an act of nature such as a rock breaking a windshield? Is the vehicle covered in case of theft or vandalism?
Whether or not one decides to pursue additional coverage such as that found in collision and comprehensive polices, it is important to look in all areas for potential discounts. If one already has other insurance policies such as homeowners insurance with a carrier, he or she should find out if it is possible to get a discount for including auto insurance in the same portfolio. Cars with effective safety and anti-theft measures may often merit lower rates because they are seen as less of a risk.
These are only a few of the potential discounts in auto insurance New Jersey residents may receive when looking for a policy. Being a safe driver may also help one get lower rates. Those who live in neighborhoods that are not known to have a high crime rate will also get lower rates on their premiums. One can look at any other discounts insurance carriers may offer according to age, gender and any other demographic factors. Even if it seems unlikely, it just may be possible to get a discount.
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