Not yet registered? Create a OverBlog!

Create my blog

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.

Same category articles Insurance

Where to find cheap car insurance for young driver in UK

Where to find cheap car insurance for young driver in UK

Looking to find a cheap car insurance rate for a new driver? You do not need to look further. Learn the 8 steps toward the cheapest auto insurance you can find and how a young driver can qualify for a discount. How about the best car insurance rates as in free? Read on to find out.
What is funeral insurance?

What is funeral insurance?

Funeral insurance is a form of life policy that pays for funeral and burial expenses. The amount of cover for a funeral policy depends with the policy you take or the insurance company. The funeral benefit is usually paid within a very short period: the longest period it can take is 48 hours.
Review: Pet Plan insurance

Review: Pet Plan insurance

Pet Plan is one of the largest of the UK pet insurance companies. This article looks at their history, what they do, what they cover, and the advantages and disadvantages of insuring your pet with Pet Plan.
Buy to let insurance: the facts

Buy to let insurance: the facts

Owning a great house as an asset is nice since you can easily increase you return on investment by renting it to others. However, many of us are unaware of the need for a buy to let insurance to protect a house from any loss since you are not living in it.