Options for Car Insurance in New Jersey

Understanding the Insurance Policies Available for New Jersey Residents

If you are looking for car insurance in New Jersey, it’s important to familiarize yourself with the specific laws and guidelines for your state.  Local regulations vary from state to state and can have a major impact on the rates and benefits included with your car insurance.  New Jersey auto insurance laws regulate everything from the minimum amount of coverage that you can buy to your rights to sue if you are injured in a car accident.  Learn about your choices here.

Car insurance in New Jersey is divided into three general categories.  These categories, ranked in order of price from least to most expensive are:

The Dollar-a-Day policy is special, low-cost car insurance for New Jersey Medicaid recipients.  You can only choose this policy if you have Medicaid with Hospitalization coverage.  The yearly costs are only $365, which makes auto insurance for low-income families more affordable.

Basic Car Insurance meets New Jersey minimum coverage laws, and not much more.  It is an affordable choice for car insurance for New Jersey residents, but the money that you save on premiums could have a high price if you get into a serious accident.  The limits are very low, meaning that you might have to pay a large part of any hospital bills or lawsuits out of pocket – and those bills can run into the hundreds of thousands of dollars.  Plus, you usually do not receive extra coverage, such as protection from uninsured or underinsured motorists.

Standard Car Insurance is New Jersey’s most popular policy.  Drivers receive solid coverage that protects them in a wide range of situations.  Furthermore, they have the option to increase their coverage and add extra protection for an additional fee. 

By providing a wide range of car insurance, New Jersey ensures that its residents can be protected from the high costs of auto accidents no matter what their financial situation is.  For more information, request a quote online.