New Jersey Car Insurance Rates Improve

Car insurance rates have lowered in 2010 in New Jersey, a welcome development as New Jersey once had the highest auto insurance rates in the country. Now is a great time to shop around for low cost auto insurance deals. It’s worth reading up on information about car insurance in New Jersey so that you can be well prepared to find a good deal on your insurance; read on to learn some basics.

Though with the new car insurance conditions in New Jersey more companies are doing business there, many insurers still only provide insurance to old clients and refuse new ones. Of those companies that do accept new clients for their car insurance in New Jersey, Amica is one of the best in terms of price and coverage, although they only accept business with you if you have a practically impeccable driving record. GEICO is a little costly for what it is although it’s reliable; you can also go to Palisades Insurance Group and Esurance.

As of March 22, 1999, New Jersey allows car insurance buyers to choose between three main types of policy. A “mini policy” is the cheapest but it means that you revoke your right to sue for damages if you are injured in a car accident even if you are not at fault. A “limitation on lawsuit” policy allows you to go to court if you have suffered serious damages such as permanent disfigurement or loss of a fetus but not less than this (for a full list of such damages, consult government literature). Finally a “no limitation on lawsuit” policy costs the most and allows you to undertake any valid lawsuit you choose.