The laws in the state of New Jersey are somewhat similar to the laws in other states in the US but there are some fundamental differences that are specific within the said state. We are going to have a look at some different aspects of auto insurance in New Jersey and understand them better.
New Jersey car insurance laws and regulations on uninsured or underinsured motorist coverage
Unlike many states in the US, motorists in the state of New Jersey are supposed to carry 3 types of insurance coverage. This include Personal Injury Protection (PIP), liability coverage and finally, uninsured motorist coverage. In New Jersey, it is mandatory whereas in most states it is optional only. However, there is no specific amount stipulated under the law but by getting in touch with your auto insurance carrier or agent you can safely make an assessment of your uninsured or underinsured motorist coverage needs in line with your specific circumstances.
New Jersey car insurance laws on rental vehicles
New Jersey car insurance is not an option even for rental cars in the state. It is mandatory as is the case with the rest of the vehicles. One must carry the 3 types of insurance namely: liability insurance, PIP insurance coverage and Uninsured motorist insurance coverage. Most of the policies offered cover even rental cars but it is always advisable to check with your insurer just to be on the safe side. If your credit card does not offer such coverage, then you have to buy the three types of mandatory coverage. Failure to do this will lead to punitive measure that may include fines, community service or even jail terms.
New Jersey insurance laws on exclusion
An insurance company has the prerogative to exclude anyone from the policy due to valid reasons. This is well within the laws of auto insurance in New Jersey. As a policy holder, you have the right to exclude anyone in your household from coverage as you deem fit. You are required to provide names of the specific individuals excluded from the policy. However, it is advisable that any member of the family with access to the vehicle and has a drivers license and included in the policy. In case an excluded individual is involved in accident, the insurance company is not liable to pay any claim he or she puts forward.
There are more laws and regulations that remain unfamiliar to many motorists in New Jersey. These are just but a few of them but for more information on what New Jersey car insurance laws entail, you may enter your zip code in the space provided above and get a free quote for auto insurance in New Jersey in no time.
