Introduction: What is the Cost of NJ Auto Insurance?
NJ is a state that has very high automobile insurance rates. The cost of auto insurance in NJ is determined by the driver's age, driving record, type of car, and location.
The average cost for a driver to insure their vehicle in NJ ranges from $1,000 to $4,000 annually.
The cost of auto insurance in NJ depends on many factors such as the driver's age and driving record.
NJ Car Insurance laws
New Jersey is a state that requires all drivers to have car insurance. The New Jersey Department of Banking and Insurance regulates the car insurance industry and sets the rates for each company.
New Jersey law requires that every driver must carry a minimum of $15,000 in personal injury protection coverage per person and $30,000 in total coverage per accident.
The law also mandates that drivers purchase a minimum of $5,000 in property damage coverage per accident.
A new measure will hike the minimum amount of liability insurance in the Garden State from its current $15,000 coverage to $25,000 beginning in 2023, and a minimum of $35,000 starting in 2026. Industry officials said about 1.1 million drivers will pay roughly $125 more each year.
New Jersey Insurance Rates - How To Save Money On Auto Insurance
It is always a good idea to compare rates from different insurance companies before you buy a new car. But, you should also compare rates after you buy the car. You can save money on auto insurance if you switch to a better company after your first year of driving.
A lot of people don't know that they can get low rates by buying new cars or by paying their premiums upfront. The best way to save money on auto insurance is to compare rates so that you can find the best deal for your budget and needs.
5 Best Car Insurance Companies In New Jersey
Here is a list of the best car insurance companies in New Jersey.
5 Best Car Insurance Companies In New Jersey: 1) PROGRESSIVE 2) Allstate 3) Liberty Mutual 4) Nationwide 5) State Farm
Conclusion: Is It Worth It To Switch To Progressive In New Jersey?
It is worth it to switch to Progressive in NJ if you are looking for a cheaper car insurance company. Progressive offers lower rates than other companies. They have been in the market for over 100 years and have been providing quality services to their customers.
We will now look at some of the reasons why it is worth it to switch to progressive in NJ:
- Progressive offers cheaper rates than other companies.
- They offer live customer service 24/7.
- You can get an online quote instantly on their website which makes it easy for you to compare different quotes from different companies and pick the best one that suits your budget.
Reach out to a Wiser Agent to see if you can Save on Auto Today!
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