New Jersey Auto Insurance
Auto
insurance is mandatory in New Jersey.
The Automobile Insurance Cost Reduction Act mandated that a basic
policy be available to all drivers. This basic policy is not suitable
for everyone however and does carry with it meaningful risks including paying
out of pocket and future wages for the pain, suffering, other personal hardships
and economic damages, such as lost wages, that you cause.
Below is a chart
showing coverage under New Jersey's basic policy and standard policy
| Insurance
Coverage
|
Basic Policy |
Standard Coverage |
|
|
|
| Bodily Injury Insurance (BIL) |
Not included but can be
purchased as an option |
split limit 15,000 per person /
30000 per accident. Higher limits available |
| Property
Damage Liability
|
5,000 per accident
|
5,000 per accident, higher limits are available
|
| Personal
Injury Protection |
$15,000 per person, per accident and up to $250,000 for permanent or
significant injury as defined in the policy
|
250,000 per person per accident unless a lower limit is selected
|
| Uninsured/Underinsured
Motorist Coverage
|
Not available |
Available up limits of liability coverage
|
| Collision
|
Not available |
Optional |
| Comprehensive
|
Not Available |
Optional |
|
The State of New Jersey Motor Vehicle Commission and the Department of
Banking and Insurance both encourage you to
get comparison quotes when making a car insurance purchase, and to give utmost consideration
taking the Standard New Jersey coverage.
For specific questions about New Jersey Auto Insurance you will find these
addresses helpful. |
State
of New Jersey
Department of
Banking and Insurance
20 West State Street
PO
Box 325
Trenton, NJ 08625
609-292-7272
|
New Jersey Motor Vehicle Commission
P.O. Box 160
Trenton, NJ 08666
(609) 292-6500
|
|
Looking for a free quote on
New Jersey Car Insurance ?
|
|