New Jersey Auto Insurance - (NJ)

Drivers across the country need to find the best auto insurance to fit their individual needs. But drivers also must make sure their auto insurance policies fall within their individual state guidelines. Depending on where you live, you could be required to carry extra liability insurance on your policy, retain proof of insurance at all times in your vehicle, and notify the state whenever you change insurance companies. When seeking a new policy, be sure to receive competitive quotes so you can ensure you’re getting the best coverage at a price within your budget. Always ask questions and review the conditions of the proposal before selecting a policy.

New Jersey Auto Insurance Laws

Drivers in New Jersey have specific auto insurance laws they must follow. In addition to the law, you also should seriously consider obtaining coverage that far exceeds your state requirements – most insurance experts argue that for complete protection, you need to carry comprehensive coverage. To remain in compliance with the law, be sure your policy meets the following standards:

Drivers have to carry three types of insurance in New Jersey: liability, personal injury and uninsured motorist.

• Liability insurance covers the damage caused by your accident, if you’re at fault.
• Personal injury coverage will pay for your medical expenses – whether you’re at fault or not.
• Uninsured motorist insurance gives your protection in the event that you’re in an accident with someone who doesn’t have state-mandated insurance coverage.

While many states prescribe specific dollar amounts that a driver must meet, New Jersey does not dictate exact figures for insurance coverage. It’s up to individual drivers to make sure they are comfortable with the limits set by their policies. Be sure to consult your insurance company to determine the coverage that will provide both comfort and security on the road.

You must carry a New Jersey insurance card in your vehicle at all times. This card will be provided by your insurance company, and you could be asked to present it in the case of an accident, a traffic violation or a spot-inspection of your vehicle.

Auto Insurance Consumer Tips

When seeking a new policy, it’s smart to outline what type of coverage you want. Are you comfortable with meeting state-minimum standards, or do you want peace of mind in addition to basic coverage?

Remember that if you’re at fault for an accident, your insurance company will only cover up to the amount set in your policy. You are responsible for any costs in excess of your policy.

Your insurance premiums could be tied to your credit rating. To keep your insurance costs under control, remember to do an annual check of your credit reports. Any errors could affect not only your ability to borrow money, but also your insurance rates.

If you have teenagers, prepare in advance for their days behind the wheel. Depending on your policy and where you live, your insurance company might automatically add your teens to your policy when they become eligible to drive.

Department Of New Jersey (NJ) State Government That Regulates Auto Insurance:
Web Site: www.state.nj.us/dobi
Email: commissioner@dobi.state.nj.us

How To Contact Directly:
New Jersey Dept. of Banking and Insurance
PO Box 325
Trenton, NJ 08625-0325
Phone (Toll Free): 1-800-446-SHOP (7467)
Fax: 1-609-292-2431

New Jersey (NJ) Mandatory Auto Insurance Minimums

• Liability: 15/30/5 = Bodily Injury Individual/Bodily Injury Total Per Accident/Property Damage
• Other Mandatory Insurance: Personal Injury Protection, Uninsured Motorist — No-FaultState
• Regulations Regarding Proof of auto insurance: Proof Required - If Involved In An Accident, If Stopped By Authorities When Driving
• Penalties For Not Carrying Mandatory Insurance: First Offense = Fine of up to $1000, License Suspension of One Year, Community Service

How To File A Complaint About An Insurer:

Insurance Related Consumer Protection Services
Online Assistance Form

Or contact:
New Jersey Division of Insurance
Consumer Assistance
P.O. Box 329
Trenton, N.J. 08625-0329