Car insurance laws in New Jersey
As a resident of New Jersey, you are required to carry car insurance and purchase coverage before you register your vehicle. Insurance coverage and cost may also vary depending on where within the state you live. Before you get started, here are some important factors to keep in mind:
New Jersey is a state where carrying no-fault insurance is mandatory. If you happen to get into a car accident, no-fault insurance will reimburse you for any hospital or medical expenses, wage losses from an inability to work, and if necessary, any funeral costs. No-fault insurance will cover these expenses regardless of who is responsible for the accident. It does not, however, cover any damage to your car.
Teen driving laws in New Jersey
Young drivers are eager to get out on the open road and experience that kind of freedom for the first time in their lives. To ensure safety for everyone, it’s important to become familiar with the laws new drivers in New Jersey must follow.
Teenagers in New Jersey may apply for a learner’s permit once they turn 16. At 17 they can receive their probationary license which allows drivers to be on the road unsupervised while still abiding by the rest of the learner’s permit rules. At 18 drivers may receive a full driver’s license. You can learn more about the rules young drivers in New Jersey must follow here.
Minimum insurance requirements for New Jersey
The minimum amount of New Jersey auto insurance coverage is $15,000/$30,000/$5,000. In the event of a covered accident, your limits for bodily injury are $15,000 per person, with a total maximum of $30,000 per incident. It also covers up to $5,000 for damage to another person’s property.
As a resident of New Jersey, there are two types of liability coverage your insurance policy must include: property damage and bodily injury.
- Property damage safeguards your assets if you are found legally responsible for a covered accident. It covers certain damage you may cause to the property or vehicle of another party.
- Bodily injury safeguards your assets if you’re found legally responsible for a covered accident, including certain expenses associated with bodily harm sustained by the other parties.
Liability coverage also provides for your legal defense if a lawsuit is brought against you as a result of a covered accident.