There are many different laws about car coverage, depending on which state you live in, and New Jersey is no exception. The rules in the state are quite clear. A driver can choose between basic, traditional, and no fault car insurance in New Jersey.
You are able to choose whichever kind you want, but you must be insured. To make sure that affordable policy is available to all, there are special rules regarding basic policies, which has less coverage in many aspects but is quite affordable overall. Here is a breakdown of the different types, with their strengths and weaknesses.
Basic Car Insurance
As the name suggests, this is the most basic of all policies. It is designed for people that are just starting out on their own or teenagers who are new to the world of driving. It offers coverage in all the right places and protects you if you have an accident or if you injure yourself or someone else. The downside is that it is a bare bones version of coverage, so you may have to end up paying out of pocket if the wreck was your fault or someone’s damage was severe. However, this option won’t break the bank, does offer some coverage on major things and will keep you from getting in trouble for not having a policy.
Traditional Car Insurance
Traditional car coverage is what most people aim for, especially if they are mature drivers or have incomes that can sustain them. This type of policy is just like basic, except for the fact that it has far more coverage. This means you are covered when you get into an accident and you can decide what amount of coverage you want in different aspects of the policy, like injury protections or liability. This is the type of coverage you need if you have children that are often in your car or a more expensive automobile that you will need fixed in a hurry if there is ever a problem. The downside is that the policy is more expensive, but it does keep you protected better as well.
No Fault Car Insurance
Some people have a no fault car policy in New Jersey. This means your coverage allows you to either get your car fixed or allow your company to handle the other person’s bills. Most of the time this translates to a driver who was at fault for an accident, getting their own car fixed and the other party in the accident being on their own. There is no other recourse in the state, unless the injury sustained meets a certain set of parameters. Otherwise, even if the wreck was technically not your fault, you will have to pay for your repairs and medical bills out of your pocket. This can be rather confusing and frustrating, but it is the reason you have a policy in the first place.
If you are confused about how this works, you should research the laws for the state of New Jersey. That will ensure you have a better understanding and can abide by the rules.
Although there are 3 major types of policies you can choose from, you do need to be aware of the pros and cons of each, which means sitting down with an agent and discussing what plans you can choose from and what they will cost you.
If you decide you want to purchase no fault car insurance in New Jersey, you will also need to know how the whole process works. You should always find out the details ahead of time because by the time you get into an accident, it’ll be too late.
A good rule of thumb is to always try to get as much coverage as you can for your money. That means if you can afford a little extra, you should get it for your own peace of mind. Accidents aren’t always minor, so you have to plan ahead for a major one.
Car coverage isn’t hard to figure out but there are certain rules to follow which change depending on where you live. For example, many people take advantage of no fault car insurance in New Jersey, which is a special type of coverage that isn’t used all over the country.
There are also other types of policies to choose from, which vary in features and prices. You must look into all the details of each type of policy before you make a decision and make sure that you have at least basic coverage so you can be in accordance of the state rules. Besides that, all you can do is be a responsible driver. You have no control over everyone else on the road, but you can control yourself.