How to Get Cheap Car insurance in New Jersey?

Drivers in New Jersey pay the second highest auto insurance premiums in America. In 2005, the average premium was $1,184 by 2008 it had jumped to $2,544, an increase of 114%. Being known for the highest rates in the nation is not something New Jersey drivers should be proud of, so what are consumers to do?

The best way to get cheap car insurance in New Jersey is to educate yourself on the different rates insurance companies offer. Since different insurance companies will vary greatly in how much they quote you, it is a good idea to compare rates from multiple companies in New Jersey to see who has the cheapest price.

Compare Quotes in New Jersey

Quotes available in ALL of New Jersey, including Trenton, Madison, Clifton, Oakland, Warren, Newark, Freehold, Union, Somerset, Piscataway, Pennsauken and Camden.

How Much Car Insurance is Needed to Drive in New Jersey?

In New Jersey there are two types of insurance offered, they are Standard Auto Insurance and Basic Auto Insurance. Standard Auto Insurance is the most popular among drivers as it provides the following coverage;

Bodily Injury Liability — Minimum required by law is $15,000 per person and $30,000 per accident.

Property Damage Liability — Minimum required by law is $5,000 per accident.

Personal Injury Protection (PIP) — Minimum required by law is $15,000 per person or accident.

Uninsured Motorist Coverage — Matches your liability limit.

Underinsured Motorist Coverage — Matches your liability limit.

In addition, you can purchase collision coverage and comprehensive coverage as well to supplement your liability insurance.

The second type of insurance, Basic Auto Insurance, it is the more affordable choice designed to provide coverage for all drivers in New Jersey. The Basic Auto insurance package, provides just that the very minimum coverage required by law, which includes;

Property Damage Liability is set at $5,000 per accident.

Personal Injury Protection (PIP) is set at $15,000 per person, per accident.

What Are My Rights?

The New Jersey Department of Banking and Insurance has set up strict legislature to protect auto insurance consumers in New Jersey. The following is a basic guideline of what auto insurance consumers can expect with regards to shopping for auto insurance in New Jersey.

• Upon a request for an insurance quote, insurance brokers are required to provide you quotes within five days from the date of your request.
• If an insurance company denies your insurance coverage, you must be notified in writing.
• You have the right to cancel your insurance policy and/or change coverage limits at any time during the policy term.