What To Look For In A Full Coverage Car Insurance Quote In New Jersey

What to​ Look For in​ a​ Full Coverage Car Insurance Quote in​ New Jersey
Everyone who drives a​ motor vehicle on​ a​ public roadway in​ New Jersey must purchase - at​ a​ minimum - three types of​ automobile insurance.
All New Jersey drivers must have:
1.Liability Insurance: This insurance covers damage to​ other people's property,​ including vehicles,​ if​ you​ are in​ an​ accident .​
In New Jersey,​ Liability insurance does not cover medical expenses.
2.Personal Injury Protection (PIP) Insurance: This is​ the​ insurance that pays for medical claims by you​ or​ by anyone else involved in​ an​ accident that involves your vehicle .​
In New Jersey this is​ sometimes referred to​ as​ No-Fault insurance since this portion of​ your insurance pays for medical expenses regardless of​ whose fault the​ accident is​ eventually deemed to​ be.
3.Uninsured Motorist (UM) Insurance: This insurance pays for both medical claims as​ well as​ property damage if​ you​ are involved in​ an​ accident with someone who does not have any insurance or​ who does not have sufficient insurance to​ cover the​ claims resulting from an​ accident.
The basic minimum coverage in​ New Jersey is​ what is​ known as​ 15/30/5 .​
What this means is​ that you​ are required to​ have Personal Injury Protection Insurance (PIP) that covers up to​ $15,​000 of​ medical protection per individual with a​ cap of​ $30,​000 of​ medical coverage per accident .​
You are also required to​ carry $5,​000 of​ Liability Insurance to​ cover any property (including vehicles) that you​ might damage in​ an​ accident.
Under New Jersey state law you​ are not required to​ have any other coverage in​ order to​ drive a​ vehicle .​
However,​ if​ your car is​ being financed then your lender may very well require that you​ also purchase comprehensive coverage as​ well as​ collision coverage and that you​ buy considerably more than the​ state-required minimum for Liability,​ PIP and Uninsured Motorist.
Even if​ you​ own your car outright and are not required to​ purchase anything more than the​ bare state minimum for insurance you​ may very well choose to​ carry higher coverage .​
This is​ especially true for anyone who owns a​ home,​ has a​ savings account,​ or​ for anyone who has any other assets that they wish to​ protect.
Just one accident-spawned lawsuit could see your home taken from you,​ your bank account wiped out,​ and any and all other assets that you​ own turned over to​ the​ prevailing party .​
In other words,​ if​ you​ don't have sufficient automobile insurance coverage you​ could lose everything in​ an​ accident.
Once you​ (or your lender) have decided on​ the​ amount of​ your full coverage insurance then it​ is​ time for you​ to​ go online and find at​ least 3 of​ the​ dozens of​ websites that will let you​ quickly and easily find out how much your policy will cost from different insurance companies .​
You will find that there can be a​ considerable difference in​ price from one company to​ another.
Don't get lazy and just compare prices on​ one website .​
No website compares prices from all the​ different insurance companies,​ so if​ you​ want to​ insure that you​ are seeing the​ widest range of​ prices possible you​ will need to​ make your comparisons on​ at​ least 3 different websites.
But once you've done that then all you​ need to​ do is​ to​ choose the​ lowest price and you're done .​
You now know what to​ look for in​ a​ full coverage car insurance quote in​ New Jersey and you​ know how to​ find the​ best price for your coverage.

You Might Also Like:

Powered by Blogger.