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You can get cheap auto insurance in New Jersey without putting much effort. As a New Jersey resident, you have total control on how much you are willing to pay for your auto insurance.
The most important thing is know how you can get cheap auto insurance in New Jersey. Although this process is simple, many do not know the secrets behind this process.
First of all, ask for discounts from your insurance company. There are various types of discounts offered by insurance companies and you are sure to find something that suits your needs. If you are a teenager, get good grades in school to get the discounts offered for good students.
If you have a vehicle which is equipped with safety and anti-theft features like airbags and anti-lock brakes, you are also eligible for discounts on your premiums. You can also get cheap auto insurance in New Jersey by insuring multiple vehicles under a single policy.
For your information, the amount of your deductible and premium is actually related to each other. If you opt to get higher deductible, you will automatically get lower premiums.
You can choose to take up higher deductible for your collision and comprehensive coverage, and also your personal injury protection coverage. However, if you own vehicles that are completely paid for, consider dropping your collision and comprehensive coverage to get cheap auto insurance in New Jersey.
Check whether you have a separate health insurance. If you have one, ask your health insurance company whether you can list it as your primary care in the event that you are involved and injured in a car accident. This method can help you get cheap auto insurance in New Jersey too because it can help lower your rates.
Besides that, put a limit to your lawsuit options. If you choose take up only personal liability lawsuit options for serious bodily injury and death cases, rather than lawsuit options for all bruised elbow and knee cases, you will get cheap auto insurance in New Jersey much easier.
Looking for affordable New Jersey car insurance but don’t want to waste a lot of time shopping for quotes? Here’s a brief explanation of insurance coverages, how to save money on them, and how to get affordable insurance quickly and easily.
Minimum New Jersey Car Insurance
New Jersey requires you to have three types of car insurance coverage: liability , personal injury protection, and uninsured/underinsured motorist coverage. Comprehensive and collision coverage are not required.
Liability Coverage
Liability coverage pays for the other party’s bodily injury and property damage expenses when you cause an accident. It also covers your legal bills if you’re sued.
If you don’t have a lot of assets and you don’t drive a lot, you may want to stick with the minimum liability coverage which is: $15,000 bodily injury liability coverage for one person, $30,000 bodily injury coverage for all injuries, and $5,000 property damage liability coverage. However, if you do have a lot of assets you’ll want to get enough liability insurance to cover them in case you’re sued.
Personal Injury Protection
Personal injury protection coverage pays for you and your passengers’ medical bills if you have an accident in your car, someone else’s car, or if you’re walking. If you already have medical insurance then you only need to get the minimum amount of coverage. Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage pays for your medical bills if you’re injured by an uninsured driver, an underinsured driver, or a hit-and-run driver.
Comprehensive and Collision Coverage
Comprehensive coverage pays for damage to your car caused by theft, natural disasters, fire, or vandalism. You can save money on this coverage by raising your deductible (the amount you’re required to pay on a claim before your insurance kicks in).
Collision coverage pays for repairs to your car if you cause an accident. You can save money on this coverage by raising your deductible. Raising it from $200 to $500 will save you up to 30% on your premium.
Compare Rates the Easy Way
The only way to know if you’re getting the best insurance rate for your situation is to compare rates from different companies, and the easiest way to do that is to go to an insurance comparison website. It only takes a few minutes, it’s easy, and it’s free.
With the price of automotive insurance ever moving upwards and the salaries of most people remaining stagnant it is important to take advantage of every single money saving opportunity and finding the most affordable automotive insurance quote is just one such opportunity.
Automotive insurance premiums can vary wildly from one provider to another. By using the Internet you can find that all important affordable automobile insurance quote in minutes. A benefit of searching for an affordable automotive insurance quote online is the fact that you only have to input your details once rather than repeatedly providing the information to providers individually.
Another good thing about comparing affordable automotive insurance quotes online is that the services are offered free. You will have to submit some information but not too much.
These are the sort of questions that you will typically be asked when shopping around for an automobile insurance quote online. It would help if you had this information available before going online.
Driver Information * Name * Gender * Marital status * Date of birth * Address * Length of time licensed * Traffic violation and accident history (usually within the last three years) * Relationship to policyholder (if additional driver) Car Information * Year of manufacture * Make and model * Estimated value * Annual mileage * Type of coverage desired (see below) * Type of use
Some of the more common types of coverage are:
Liability Car Insurance This coverage is mandatory in most states but the exact amount of coverage required differs from state to state. For instance California requires 15/30/5 coverage. This means that for injuries caused to others by an accident that is the driver’s fault a minimum coverage of $15,000 is required for each person up to a maximum of $30,000 coverage for multiple injured people. In addition, a minimum of $5,000 is required towards the repairs of damage caused to other people’s property. It should be stressed that the above figures are only the minimum legal requirements and in reality do not provide adequate coverage. The difference between the minimum and actual costs would have to come out of the policyholder’s pocket.
Comprehensive Auto Insurance Comprehensive coverage can protect your automobile is it is stolen, vandalized or is damaged by fire. But similar to collision coverage, it is not worth it for cars that are valued under $1,000.
Collision Coverage Unlike liability coverage, collision coverage is designed to cover the policyholder’s vehicle. It is often combined with comprehensive coverage and includes collisions with other vehicles, animals or objects, theft, fire, vandalism, flying object (of the identifiable kind), broken windows and hail. There is usually a deductible that is involved when purchasing this coverage, the normal amounts being $250, $500 and $1,000. This is the amount that the insured would have to pay in the event that they filed a claim. Of course, the higher the deductible, the lower the premium and vice versa.
No Fault Coverage Also known as Personal Injury Protection or PIP, this coverage is required in states that do not have mandatory liability limits. It pays for medical expenses, loss of wages and other related costs due to injury to the policyholder and their passengers regardless of who is at fault.
Uninsured/Underinsured Driver Coverage There are a few states where this coverage is required by law. It compensates the insured and their passengers in the event they are struck by a driver that is uninsured, underinsured or are victims of a hit and run driver.
Some additional coverage you may wish to consider include:
Medical Coverage This provides beneficial medical coverage in case of bodily injury to you and/or your passengers regardless of who is at fault.
Roadside Assistance Free or greatly reduced costs when you need to call out a mechanic in the case of an accident.
Rental Insurance If you are involved in an accident that causes you to be without your car this coverage will pay for the bills associated with hiring a rental car.
So, as you can see, finding the lowest auto insurance quote online need not be a hassle. Just get the quotes and take your time to compare them. But remember, the cheapest quote may not be the one that is right for you. Do not compromise your protection just to save a few bucks.
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