New Jersey Lawyers - New Jersey attorneys
Where Should You Start?
Auto insurance helps protect you and your family from losses resulting from motor vehicle accidents. It is required in New Jersey. If you drive without insurance, you are breaking the law!
Whether you are buying a new insurance policy or renewing your current policy, you will make many decisions about what coverage you need and how much you can pay in premium (the amount of money a company charges for insurance coverage). Some things to consider:
Understand Your Needs
Do you rent or own your own home? Do you have assets to protect (including income from a job)? Will your own health insurance cover auto accident injuries? How much insurance coverage can you afford? These are some of the questions you should ask yourself before choosing a specific coverage plan.
Understand Your Options Familiarize yourself with the words and phrases used in auto policies. Review the different benefits of each coverage option. (See pages 2-9).
Understand Consumer Protections As a New Jersey auto insurance consumer, you have rights. (See pages 28-3 1.) You have the right to fair and equal treatment, and you have the right to get the information you need to make informed decisions.
Remember...
You can shop for auto insurance at any time – not just when your policy is up for renewal, and if you find a better price, you can cancel your old policy and seek a refund of your unused premium. (There is no dollar penalty if you cancel your policy.)
You have the right to change your coverages and policy limits at any time, even if you are not near your renewal date. If you select options that save you money, you have a right to a refund of your unused premium within 60 days of the
cancellation or notice of cancellation, whichever is later.
Companies and agents must give you three coverage choices, called Insurance Scenarios, when buying a new policy, or upon your request if you are already insured. You must be told how each choice may affect what you pay and what your benefits would be in the event of an accident