Even the most experienced and cautious drivers can sometimes find themselves in car accidents. That is why Fair Lawn vehicle owners are required to have auto insurance. From fender benders on Fair Lawn Avenue to multi-car collisions on Route 208, a reliable car insurance policy can shield you from facing a large financial loss in the aftermath of an accident. Local independent insurance agents make shopping around for the best car insurance stress-free. These agents can provide you with a variety of customized auto insurance quotes so you can be sure you are getting an ideal policy at an affordable price. Contact an insurance agent in or near Fair Lawn to learn more.
Car Insurance Requirements in New Jersey
In New Jersey, drivers can opt to purchase a standard car insurance policy, or they can buy a less expensive, but more limited, basic car insurance policy.
A standard car insurance policy must include, at a minimum, the following:
- Liability coverage:
- Bodily injury liability coverage of at least $15,000 per person / $30,000 per accident
- Property damage liability coverage of at least $5,000 per accident
- Personal injury protection (PIP) coverage of at least $15,000, with up to $250,000 for severe or permanent injuries
New Jersey residents also have the option to purchase a basic coverage policy, which is much less expensive but provides very little in the way of coverage. A basic policy provides only $5,000 in property damage liability coverage and $15,000 in personal injury protection. It does not include bodily injury liability coverage but will provide up to $250,000 for very serious injuries like brain damage. Many Fair Lawn vehicle owners choose to protect their assets by purchasing car insurance that has higher-than-required liability limits. If you wish to have even more liability coverage than your policy will allow, you can also purchase umbrella insurance. Talk to a local insurance agent to learn more.
How Much Does Car Insurance Cost in Fair Lawn, NJ?
The average cost for car insurance coverage in New Jersey is much higher than the national rate, though, in Fair Lawn, rates tend to be more favorable than the rest of the state. Even so, you still have room for big savings when you take the time to comparison shop.
- National average annual car insurance cost: $1,311
- New Jersey average annual car insurance cost: $1,595
- Fair Lawn average annual car insurance cost: $1,305
Of course, auto insurance rates often vary significantly from one driver to the next, so these figures can only offer a ballpark idea of what your actual costs might be. Car insurance costs are calculated individually according to several factors such as:
- The make, model, year, and trim of the vehicle you are insuring
- Your age, occupation, driving record, claims history and credit score
- Whether you own or rent your home
- The approximate number of miles you drive your vehicle each year
- How much coverage you are purchasing, and the amount of your deductible
- The accident and auto theft rates in the vicinity of your home
You can often get lower rates if you have a safe driving record or if you bundle your coverage with another policy like home insurance or renters insurance. Independent insurance agents can make sure that you get your policy at a competitive price.
Coverage against Uninsured Motorists in New Jersey
As a resident of New Jersey, if you are caught driving without insurance, you can face some pretty serious consequences. Penalties in this state include a fine of between $300 and $1,000, mandatory community service, and the suspension of your driving privileges for one year. Despite this, one in ten drivers on this state’s roadways is operating an uninsured vehicle.
- Percentage of US drivers who are uninsured: 13%
- Percentage of New Jersey drivers who are uninsured: 14.9%
If an uninsured, underinsured, or hit-and-run driver is responsible for a collision with your vehicle, uninsured motorist insurance can ensure that you get the compensation you deserve quickly and easily. You can avoid the need to sue and pursue payment by letting your insurance company handle the burden of collecting what is due from the offending driver. Uninsured motorist insurance is optional in New Jersey.
Auto Thefts in Fair Lawn, NJ
The auto theft rate in New Jersey is significantly lower than the national average, and in Fair Lawn, it is even lower. This is not to say that the risk does not exist. About 20 cars are reported stolen in this city in a typical year.
- National auto theft rate per 1,000 vehicles: 2.28
- New Jersey auto theft rate per 1,000 vehicles: 1.24
- Fair Lawn auto theft rate per 1,000 vehicles: 0.62
Be aware that you cannot get compensation for a stolen car unless your auto insurance policy includes comprehensive, or “other than collision,” insurance. This insurance is optional, but most lenders will require you to carry it until your vehicle is paid in full. Comprehensive insurance can be beneficial, particularly if your car has a high resale value. It covers more than just auto theft. It can also reimburse you for loss and damage caused by other non-collision hazards such as falling trees, wind damage, floods, structure fires and vandalism.
Why Work with an Independent Insurance Agent in Englewood?
As a vehicle owner in Englewood, you can turn to a local independent agent for assistance when you are searching for the best auto insurance policy to meet your coverage and budgetary needs. These agents are free to work with a variety of reputable insurance providers so they can help you find the most affordable policy.
Find an independent insurance agent in or near Englewood to learn more, and you can start comparing customized car insurance quotes in no time.
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