Cheap Full Coverage Insurance In New Jersey
Affordable full coverage insurance options in New Jersey revealed.
Introduction to Full Cheap Full Coverage Insurance in New Jersey
Getting cheap full coverage insurance in New Jersey can be a challenge but it’s possible with a little research and by comparing several quotes. New Jersey car insurance rates are among the highest in the nation, largely attributed to the high cost of claims in the state. The good news is there are options drivers have that can reduce their rates, even for full coverage plans in NJ.
What is Full Coverage Car Insurance?
Full coverage auto insurance refers to a policy that includes more than just basic liability protection state minimums. Full coverage policies combine liability, comprehensive, and collision coverage to provide a more complete level of protection.
Liability coverage pays for injury or damage that the policyholder causes in an at-fault accident. New Jersey requires drivers to carry at least $15,000 per person and $30,000 per accident in bodily injury liability and $5,000 in property damage liability. Full coverage builds on these state minimums by adding:
Comprehensive: Covers damage to your vehicle from incidents other than collisions, like theft, vandalism, fire, severe weather, animal strikes, and more.
Collision: Pays to repair or replace your vehicle if damaged in an at-fault accident with another car or object.
Benefits of Full Coverage Car Insurance in NJ
While full coverage insurance in New Jersey costs more than basic liability, it provides many valuable benefits, including:
Protection for your vehicle – With collision and comprehensive, a full coverage policy will pay for virtually any damage to your car, regardless of who or what caused it. This prevents you from having to pay costly repair or replacement bills out-of-pocket.
Complete liability protection – Higher liability limits above the state minimums give you better protection from expensive lawsuits in the event you cause an accident that injures other parties.
Peace of mind – Knowing you have extensive coverage for all situations provides security and peace of mind behind the wheel. This allows you to focus on safe driving rather than worrying about accidents and damages.
Requirement for leased/financed vehicles – If you have an auto loan or lease, full coverage will likely be required in your financing terms.
How to Get Cheap Full-Coverage Auto Insurance in New Jersey
While full coverage costs more than basic liability, there are many discounts and strategies New Jersey drivers can use to lower their rates. Here are some top ways to save:
Shop Around Comparing quotes from at least three insurers is essential to finding the best deal. Rates can vary dramatically between insurers for the same coverage. Online quote tools simplify rate comparisons.
Maintain Good Credit New Jersey insurers use credit-based insurance scores to set rates. Drivers with very good credit can save over 50% compared to those with poor credit. Keep credit strong to maximize savings.
Most New Jersey Insurers Offer Discounts For Things Like:
Good driving record
Low annual mileage
Safety features like airbags and anti-lock brakes
Anti-theft devices
Pay-in-full discounts vs monthly payments
Group policies
Defensive driver training courses
Loyalty discounts for staying with one insurer
Ask your insurer what discounts you may qualify for to lower your costs. Getting all possible discounts can reduce overall premiums substantially.
Raise Deductibles Going with higher crash and comprehensive deductibles of $500+, rather than $200-$300, can also net significant savings. Just be prepared to pay more out-of-pocket if you file a claim.
Limit Collision/Comprehensive Consider dropping collision and/or comprehensive coverage on older cars worth less than around $3,000. The premium savings may outweigh the actual cash value. Liability and medical payment coverage can serve as a minimum safety net.
Package Home and Auto Insurers usually apply discounts if you bundle multiple policies with them, like home and auto insurance. Premium reductions typically range from 5% up to 20% for customers who also have life insurance policies with that carrier.
Leverage anti-theft features Installing anti-theft and tracking devices can help deter thieves and also earn you insurance discounts. Alarms, vehicle immobilizers, steering wheel locks, and devices like LoJack may qualify for 5% or higher savings.
Top Insurers Offering Cheap Full Coverage Insurance in New Jersey
While comparing quotes across providers is the best strategy, a few top insurers in New Jersey stand out for competitive full coverage rates, including:
- State Farm
- Geico
- Travelers
- NJM
- Selective
- Progressive
- Liberty Mutual
- Allstate
- Plymouth Rock
Ask neighbors in New Jersey for referrals to local independent insurance agents who can provide quotes across multiple top-rated insurers to find the best match for your situation.
Compare Quotes From Multiple New Jersey Insurers
Rates for the same driver can vary dramatically between different insurance companies. Utilizing online quote tools to check rates from national carriers like Geico, State Farm, and Allstate.
You should also check several regional providers like Plymouth Rock, NJM and Palisades Insurance will reveal the companies offering the best deal. Getting quotes from at least three insurers often results in 10-50% savings compared to your current premium.
Agencies Offering Full Coverage Auto Insurance In New Jersey
The Final Word On Full Coverage Auto Insurance NJ
Thanks to high premiums in New Jersey, finding affordable full-coverage car insurance presents challenges for drivers. However, by leveraging all available discounts, maximizing your credit score, raising deductibles appropriately, and comparing quotes, most drivers can obtain reasonably-priced full-coverage auto insurance in NJ.
Insurance rates in NJ are above the nation’s highest due to several factors like high claim costs. This is why it’s so important to take advantage of New Jersey’s extensive list of available discounts. You should also take advantage of smart shopping tips like comparing ten or more quotes.
To compare full coverage auto insurance in New Jersey, fill out a free no-obligation quote online. It only takes about five minutes and you’ll then be matched with the lowest rates from several insurers. Get the best and cheapest full-coverage New Jersey auto insurance today and save hundreds.
