OnlineAutoInsurance.com has published a new page highlighting the important differences between basic and standard New Jersey car insurance policies.
Online PR News – 26-November-2010 – – The writers at OnlineAutoInsurance.com have published a new resource page for consumers who are looking for car insurance in New Jersey and who need to know about the required coverages in their state, as well as how to decide what amounts are right for them.
According to the state’s Department of Banking and Insurance, what should influence the decision to go with either a basic or standard policy is the policyholder’s obligations and amount of financial assets.
The basic policy is bare-bones; protection afforded through it would be only a fraction of the minimums that are required by law in some other states. Drivers going this route need to obtain only $15,000 in personal injury protection (PIP) per person per accident and $5,000 in property damage liability per accident. In addition, $10,000 in bodily injury liability is offered as an option.
New Jersey standard policies, on the other hand, provide a little more protection, although it’s still on the low end when compared to other states. As with a basic policy, motorists who choose this option will have to purchase a policy with at least $15,000 in PIP per person per accident and at least $5,000 in property damage liability per accident. Unlike the basic route, standard policies must come with bodily injury liability for at least $15,000 per person and $30,000 per accident.
Source: www.state.nj.us/dobi/division_consumers/insurance/standardpolicy.html target="_blank" class="highlight_link">http://www.state.nj.us/dobi/division_consumers/insurance/standardpolicy.html>
Regardless of which type of policy a consumer decides to go with, an important part of the buying process should be shopping around for the best price. New Jersey has had one of the highest average expenditures in the nation for auto coverage, and it will take some comparison shopping in order to minimize costs.
To get the full details on the new resource page, readers can go to www.onlineautoinsurance.com/new-jersey/car-insurance-quotes/ target="_blank" class="highlight_link">http://www.onlineautoinsurance.com/new-jersey/car-insurance-quotes/ where visitors will also be able to shop for an affordable New Jersey insurance policy by using the free quote-comparison generator.