Car Insurance in Moorestown, NJ

New Jersey law requires vehicle owners in Moorestown to carry car insurance. Whether you are involved in a multi-vehicle collision on the New Jersey Turnpike or a minor fender bender on Main Street, a good auto insurance policy can shield you from experiencing unmanageable financial losses.

It’s easy to find the best car insurance when working with a local independent agent. These agents can help you compare customized car insurance quotes from some of the area’s most highly rated insurers. Talk to an independent insurance agent in Moorestown to learn more.

How Much Does Car Insurance Cost in Moorestown, NJ?

The average cost of car insurance in New Jersey is higher than the national average. This makes shopping around for the best rate all the more beneficial.

• National average annual car insurance cost: $1,311
• New Jersey’s average annual car insurance cost: $1,595

Your actual price for coverage may be higher or lower than the state’s average rate. Premiums can vary significantly among drivers because insurance companies base their costs on several factors such as:

• Your vehicle’s make, model, year, condition, and value
• Your age, gender, occupation, marital status, and driving record
• Information about the other licensed drivers in your household
• Your insurance claims history and credit score
• Whether you are purchasing a basic or standard auto insurance policy
• The types and amounts of coverage you want to include in your policy
• The size of your deductible

Every insurance company has its own way of assessing risk and calculating rates, so each insurer you contact is likely to quote you a different price. Comparison shopping lets you choose the policy offered at the most affordable price. Independent agents make comparison shopping easy.

Is Car Insurance Required in Moorestown, New Jersey?

Vehicle owners in Moorestown must have a car insurance policy that meets or exceeds New Jersey’s minimum coverage requirements.

Because of the NJ Automobile Insurance Cost Reduction Act of 1998, residents of Moorestown and other New Jersey cities can buy a standard car insurance policy or save money by purchasing a basic policy instead.

Basic policies cost much less than standard policies because they have fewer coverage requirements. However, the coverage they offer is minimal, so these policies are only a good option if you have limited funds and little in the way of assets you need to protect.

What Is a Basic Car Insurance Policy, and What Does It Cover in Moorestown, NJ?

Moorestown residents who need the cheapest car policy possible to comply with state law can buy a basic car insurance policy. These policies provide the following:

• Personal injury protection insurance (PIP): This covers medical expenses if you or your passengers are injured in a collision, regardless of fault. A basic policy provides:
  • $15,000 in PIP coverage per person
  • Up to $250,000 per specific injuries like irreversible brain damage
• Auto liability insurance: This covers other people’s property damage if you are at fault for a collision. A basic policy provides:
  • $5,000 in property damage coverage per accident
  • Bodily injury liability coverage is not included in a basic policy

Although bodily injury liability coverage does not come with a basic car insurance policy, you have the option to purchase up to $10,000 of this coverage.

What Are the Coverage Requirements for a Standard Car Insurance Policy in Moorestown, NJ?

Moorestown residents purchasing a standard car insurance policy will need to have a policy that meets or exceeds the following coverage requirements:

• Personal injury protection insurance (PIP): This covers medical expenses and lost wages for you and your passengers if you are injured in a collision, regardless of fault. Your policy must include, at a minimum: 
  • $15,000 in PIP coverage per person
  • Up to $250,000 in PIP coverage for certain serious injuries
• Auto liability insurance: This covers other people’s property damage and any medical bills that go beyond what their PIP coverage can pay for if you are at fault for a collision. Your policy must include at least:
  • $15,000 in bodily injury liability coverage per person
  • $30,000 in bodily injury liability coverage per accident
  • $5,000 in property damage coverage per accident
• Uninsured motorist insurance (UM): This can pay for property damage and medical bills that exceed what your PIP insurance can cover if you are in a collision caused by an uninsured or underinsured driver. Your UM coverage amounts must match your liability coverage amounts, so your policy must include at least:
  • $15,000 in UM bodily injury insurance per person
  • $30,000 in UM bodily injury insurance per accident
  • $5,000 in UM property damage coverage per accident

If you have a lot to lose and want even more liability coverage than your car insurance provider offers, you may want to supplement your policy with umbrella insurance. Umbrella insurance provides an affordable way to boost all of your personal liability coverage significantly.

What Else Does Car Insurance Cover in Moorestown, NJ?

In addition to the mandatory coverage, you can expect your car insurance provider to offer several coverage options. These typically include:

• Physical damage coverage: This is not required by law, but it is usually required by lenders if you are still paying for your car and by dealerships if you are leasing it. Physical damage coverage has two components:
  • Collision coverage: This covers the cost to repair or replace your vehicle if it is damaged or totaled in a collision, regardless of fault.
  • Comprehensive coverage: This covers the cost to repair or replace your vehicle if it is damaged or totaled by a non-collision event such as a hailstorm or theft.
• Glass replacement coverage: This can cover the cost of replacing the safety glass in your car’s windshield, windows, or sunroof if it is cracked, shattered, or otherwise damaged.
• Towing and roadside assistance: This covers associated costs if your car breaks down and you need professional help or a tow.
• Gap insurance: This can pay off your car loan or buy out your lease if your vehicle is totaled in a covered event, but you still owe more than it is worth.
• Rental car reimbursement: This covers the cost of renting a vehicle while you have yours repaired following a covered event.

An independent agent can help you decide which available options are a good fit for you and your family.

Save on Car Insurance

Our independent agents shop around to find you the best coverage.

Request a Quote

What Is the Penalty for Driving without Insurance in Moorestown, NJ?

Driving without insurance is illegal in New Jersey. If caught, you can face several consequences, including:

• Fines ranging from $300 to $5,000
• An annual surcharge of $250 for three years (for a total of $750)
• The suspension of your driver’s license for one to two years for a second or subsequent offense
• Nine points added to your license for a second or subsequent offense
• Community service hours as determined by the court
• Incarceration for up to 14 days for repeat offenders

An uninsured driving conviction on your record can also lead to higher car insurance rates. Despite these tough penalties, New Jersey has a high rate of uninsured drivers.

• Percentage of US drivers who are uninsured: 12.6%
• Percentage of New Jersey drivers who are uninsured: 14.9%

If you have opted to purchase a standard New Jersey car insurance policy, you have uninsured motorist insurance. This coverage ensures that if you are in a collision caused by an uninsured driver, you will be able to quickly receive the compensation you are due without the need to go through lengthy legal channels.

Are There Any Car Insurance Discounts Available in Moorestown, NJ?

You may encounter several car insurance discount opportunities when shopping for car insurance, such as:

• Multi-vehicle discounts
• Safe driver discounts
• Military discounts
• Good student discounts
• Teacher discounts
• Discounts for bundling your car insurance with other policies like home insurance or renters insurance
• Discounts for having a vehicle with certain safety or anti-theft features

Learn more about these and other potential money-saving incentives by talking with a local independent agent. Your agent can ensure that you receive all available discounts for which you qualify.

What Are the Best Car Insurance Companies in Moorestown, NJ?

The most highly rated insurance companies in the Moorestown area are the providers that have a solid reputation for consistently providing their policyholders with excellent coverage, responsive customer service, and competitive rates.

Independent agents in Moorestown have developed partnerships with some of the best car insurance companies in New Jersey. This enables them to provide you with a selection of policies and quotes from companies you can rely on if you ever need to file a claim.

How Can an Independent Agent in Moorestown, NJ Help Me Find the Best Car Insurance?

When you are looking for the best car insurance policy to meet your coverage and budgetary needs, a local independent agent can help. Because they are independent, these agents are free to work with a few competing providers to obtain the coverage you want at the most affordable price.

It doesn’t cost anything to get guidance and advice from one of these experienced insurance professionals. Find an independent insurance agent in Moorestown when you are ready to get answers to start comparing customized car insurance quotes.