New Jersey Automobile Insurance Today

: The state provides incentives for insurers to increase coverage availability in specific urban centers to stimulate competition.

: Pays for others' injuries or property damage when you are at fault. new jersey automobile insurance

New Jersey law requires all drivers to carry three specific types of coverage: : The state provides incentives for insurers to

: Drivers must choose between a "Limitation on Lawsuit" (limiting the right to sue for non-economic losses like pain and suffering) or "No Limitation on Lawsuit" (full right to sue, typically with higher premiums). Assigned Risk and High Rates Assigned Risk and High Rates : Minimum bodily

: Minimum bodily injury liability increased to $25,000 per person and $50,000 per accident.

: Protects you if you are hit by a driver with little or no insurance. Recent and Upcoming Law Changes

New Jersey automobile insurance is characterized by its "no-fault" system and a mandatory multi-phase reform currently increasing liability requirements for all drivers.