A guide to NJ DMV Insurance

The department of motor vehicles in New Jersey has issued clear guidelines regarding the mandatory auto insurance coverage required prior to driving in the state. Auto owners can buy competitive insurance by engaging in comparison shopping online and evaluating the offers of various NJ insurance companies.

Motor vehicle NJ Insurance

NJ DMV provides useful information to vehicle owners to help them make appropriate decisions regarding their auto insurance. Auto insurance coverage policies Some of the important auto insurance coverage policies available in New Jersey include Liability Insurance for Bodily Injury and Property Damage, Uninsured and Under-insured Motorist Insurance for Bodily Injury and Property Damage, and Personal Injury Protection Insurance. Coverage property Minimum coverage mandated by law to drive legally in the state of New Jersey is $15,000 for bodily injury of one person and $30,000 for bodily injury of two persons. Minimum coverage for property damage is $5,000. Same minimum limits also apply to uninsured and under-insured motorist coverage. Minimum coverage for Personal Injury Protection is $15,000. Failure to buy minimum coverage insurance may result in suspension of the driver’s license and registration. Accidents In case of an accident, the vehicle owner or the driver must inform the insurance provider at the earliest possible and file a formal claim for insurance. Basic information about the accident such as date, time, location and contact details of other persons involved in the accident should be provided along with the claim. It may be advisable to seek legal advice from a New Jersey personal injury attorney in case of a collision.

Getting best rates for NJ DMV insurance

A number of NJ insurance companies offer competitive rates for auto insurance. Before buying a new vehicle, it is a good idea to check which groups of vehicles attract lower insurance premiums. Online comparison Online comparison shopping can also help you to find out the most competitive auto insurance providers. Choosing the right auto insurance policy and getting adequate coverage is also very important. A cheap policy may not necessarily be the best policy for a vehicle owner who may have high net worth in terms of personal assets. Acquiring safety systems and anti-theft devices for the vehicle can also help to reduce the auto insurance premiums. After-market modifications of the vehicle must be avoided as far as possible from an insurance cost point of view. Drivers with excellent past driving record may also enjoy lower insurance rates from NJ insurance companies.