New Jersey Auto Insurance
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New Jersey Auto Insurance Requirements
It is important to know your state’s minimum coverage requirements. To confuse matters even more, each state’s requirements are different. But that’s not all because New Jersey is one of the few states operating under the No Fault system.
NJ Personal Injury Protection
Like all states with No Fault laws, New Jersey requires its drivers to have PIP or Personal Injury Protection. Under a No Fault system, your insurer pays your medical bills (and the bills of others covered under your policy) and the other driver’s insurer pays that person’s medical bills, regardless of fault. PIP also pays lost wages, replacement services in the event you need to hire a housekeeper while recuperating and, if necessary, funeral expenses. Your health insurance may cover similar costs, so be sure to double-check its coverage benefits.
Required liability insurance
The state of New Jersey also requires drivers to carry liability insurance. Even though it’s a No Fault state, there are times when fault needs to be determined. Usually this happens when the accident causes a death or serious injury. If you’re determined at fault, your bodily Injury liability pays the other person’s medical and/or funeral expenses, pain and suffering and your legal expenses. Property damage liability pays for any damage to property caused by your accident.
Minimum New Jersey liability limits
Minimum New Jersey liability limits are 15/30/5 meaning that, when chosen, your insurer will cover up to up to $15,000 per person, and $30,000 per accident towards bodily injury related expenses and up to $5,000 to repair or replace any property damage caused by your at-fault accident.
Uninsured Motorist coverage
Something else New Jersey requires drivers to have is called Uninsured Motorist coverage. This protects you when the accident you’re involved in is caused by another driver that does not have auto insurance coverage. It also protects you if you’re involved in a hit and run accident.
At-fault accident coverage
None of this mandatory coverage pays towards the costs to repair damage to your auto resulting from your at-fault accident. For this you need optional Collision coverage. Optional Comprehensive coverage pays to repair your car when damaged by other reasons including flood, theft, and striking an animal.
New Jersey Department of Banking and Insurance
More information is available by calling The New Jersey Department of Banking and Insurance at 609-292-7272 or by visiting http://www.state.nj.us/dobi/index.shtml.