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Auto Insurance – Finding a Policy That Suits Your Needs

When taking out auto insurance there are many ways in which one can save money in New Jersey. You need to go online and compare the different rates offered in order for you to get the best deal available. And by comparing rates from the various companies you can benefit in that you can also find a NJ auto insurance policy that will meet with all your requirements. PIP which means personal injury protection is essential as this pays for any essential medical expenses covering the driver and the passenger should injuries have occurred. And the stipulated cover amount is $15000 which has been laid down by the state of New Jersey. This PIP helps to protect the insured against an uninsured or underinsured person in the event of an accident whereby any bodily injury may have occurred. Many of the insurance companies offering NJ auto insurance afford you the option of choosing the minimum state required package deal as well as more comprehensive packages and you also have the choice to choose and customize all the limits and deductibles which will suit your personal needs. There is always an agent that will assist you should you need assistance in making your final decision.

Although there are stipulated requirements that are compulsory when it comes to taking out auto insurance in New Jersey. The New Jersey state law requires a minimum of $15000 per injured person and a total of $30000 per accident cover and then property damage there is a minimum limit of $5000 and a policy of this sort is referred to as 15/30/5 coverage with a 15/30 UM limits. There is a basic as well as a standard insurance cover which both include $250, 000 PIP limit for permanent or significant injury. You also have a choice whereby you can choose the no fault policy meaning that drivers have the right to reject the no fault system stipulations and will then have the right to sue for and accident related injury.

For the year 2009 you will be looking at an average premium of around $2500 in comparison to national averages which are around $1800 as insurance companies do not have fixed rates it basically depends on the state you live in and the insurance companies basically segment their rates making each company’s rates competitive. Rates were increased throughout all the insurance company’s in the past few years and this is why it is so important to shop around which inevitable will save you money especially in New Jersey where rates increased by 13% and also allow you to obtain a really good deal. By shopping online you can receive a quote immediately which already saves you some money. New Jersey has a high incident rate of accidents as well as theft hence the increase in premiums.

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