New Jersey Auto Insurance Requirements
New Jersey Auto Insurance Requirements. Before you ever start looking at prices, discounts, or customer service ratings, there's one key fact you need to know: how much auto insurance coverage
New Jersey's No-Fault Car Insurance Laws. As touched on above, New Jersey is one of a dozen or so states that follow a no-fault car insurance scheme. That means injured drivers and passengers must typically turn first to their own personal-injury-protection car insurance coverage to get compensation for medical bills, lost income, and other out
NJ Minimum Insurance Requirements. New Jersey state law requires you to carry a minimum amount of car insurance. Failure to do so can result in severe penalties that may include monetary fines and jail time. New Jersey is a no-fault state. That means your insurance will pay your injury claims up to a specified limit,
Another reason New Jersey auto insurance rates are higher than the national average is because the insurance agencies in that state allow for much higher Personal Injury Protection (PIP- a coverage that covers medical costs related to a vehicle accident) coverage limits, which in turn, drives up the cost of auto insurance.
Official Site of The State of New Jersey. Auto Insurance. General Auto Insurance Information; Insurers Contact Listing; Insurance Company Code Listing [doc 523kb] Insurance Requirements; Insurance Fraud ; NJ Auto Insurance Buyers Guide [pdf 113.41kb] NJ.gov. About NJ; Facts & Symbols
New Jersey Car Insurance Requirements. Similar to Pennsylvania, insurance law in New Jersey is based upon a choice no-fault system. In a no fault states, regardless of who is found to be at fault in an accident, each driver's insurance company pays for their own respective expenses relating to the accident.