NJ Automobile Insurance Quotes

Compare New Jersey Auto Insurance - Buy and Save Online.

 

 

Automobile Insurance NJ Compare Quotes 856-270-2581

 

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It is True saving money on a New Jersey Automobile Insurance Policy online is possible. Make sure that you compare the same or better coverage. Locate your "Policy Declarations" page. This is the page that comes with your actual insurance policy, the one with all of the numbers on it. Make notes of anything on your "DEC PAGE" that you do not fully understand. National Company Search

Now you are ready to compare quotes! Go Compare Here or enter you zip code below for a more precise database listing of current auto insurance companies in NJ.

 

 

 

 

New Jersey Automobile Insurers began implementing their tier rating plans at the end of 1998. Under tier rating, drivers are assigned to different rating tiers according to driving history and a variety of other risk characteristics including coverage limit, vehicle type and years of driving experience. Insurance companies created tiers based on risk characteristics that are important to them. They were required to prove to the state that the risk characteristics they chose were not arbitrary, capricious, or unfairly discriminatory and that the tiers were reasonable based on their loss experience. In addition, the tier systems for each company had to be revenue neutral, that is, companies could not take in more dollars, or be forced to take in less dollars, under the new system.

The State of New Jersey Take All Comers Law expires in January 2005-2014, this will change the entire landscape for car insurance in NJ. Because the tier systems vary and because risk characteristics that might place a driver in a particular tier with one company may not be viewed in the same way by another, it is now more important that ever for consumers to compare a number of companies to ensure that they find the coverage and rating plan best suited to their individual circumstances. Quite often, drivers who experience a rate increase with one company pay significantly less with another.

 

 

 

 

NEW LOWER PIP LIMITS

 

While $250,000 in personal injury protection (PIP) medical coverage remains an option, consumers may now choose to buy reduced levels of PIP: $15,000, $50,000, $75,000 or $150,000. In the case of certain serious/permanent injuries, the $250,000 limit still applies to all policies.

NAMED DRIVER EXCLUSION

This option is aimed at parents wishing to avoid some of the high costs of comprehensive and collision typically associated with adding a teenaged driver to a policy. If such a driver will not be permitted to drive the most expensive family car, they can now be excluded from coverage on that car. If the named driver uses the car and has an accident, the insurer will not pay comprehensive and collision claims to have the car repaired.