Toms River Car Insurance

Your Complete Guide to Toms River, NJ Car Insurance

Find the right car insurance policy for you.

Toms River Township has over 450 miles of crowded roadways, including the Garden State Parkway and US Route 9. Route 37 serves as the major artery to the Jersey Shore, and in the summertime, travelers going back and forth lead to even heavier traffic and a multitude of dangers for drivers. If you are traveling in and around Toms River, a reliable car insurance policy can help you find peace of mind—and a means of protecting your finances if you get into an accident. Car insurance also protects you if your car is damaged by a falling object, or is stolen or vandalized. Car insurance can sometimes be confusing, but a local independent insurance agent can help you find the best policy for your needs and budget. 

Car Insurance Requirements in New Jersey

All New Jersey drivers must purchase auto insurance. You must have the following coverage in order to comply with New Jersey state law:  

  • Bodily injury liability: Required
  • Property damage liability: Required
  • Personal injury protection (PIP): Required
  • Uninsured motorist coverage: Required
  • Minimum liability limits: 15/30/5; coverage up to $30,000 for all persons injured in an accident, subject to a limit of $15,000 for one individual; and $5,000 coverage for property damage

While you might be tempted to purchase only the minimum coverage required by law, these coverage limits might leave you seriously underinsured. Remember that if you cause a crash, you are responsible for paying for vehicle damage and injuries to other parties (as well as your own vehicle damage and injuries). If your insurance policy doesn’t have high enough limits to cover all of it, you will have to pay out-of-pocket for all of the expenses that exceed your coverage limits. 

What’s more, an injured party might sue you for additional damages. If you face a lawsuit, you’ll have to pay for attorney fees, court costs, and any settlements or judgments levied against you. You need sufficient car insurance liability limits to protect you should the worst happen. An independent agent can help determine how much liability coverage is necessary to adequately protect your family and you. 

How Much Does Car Insurance Cost in Toms River, NJ?

New Jersey is a populous state with crowded roadways and high crime rates in some areas. For this reason, New Jersey is the 10th most expensive state for car insurance in the US. Fortunately for Toms River residents, average car insurance costs are a little lower than the state average. 

  • National average annual car insurance cost: $1,311
  • New Jersey average annual car insurance cost: $1,595
  • Toms River average annual car insurance cost: $1,321

Every insurance company charges somewhat different rates, and you definitely won’t pay the same as your neighbor. Car insurance rates are based on your individual characteristics, which help the insurance company determine how likely you are to get into an accident, have your car stolen or vandalized, or file some type of claim. Insurance companies use information such as the year, make, and model of your car, as well as personal characteristics about you, like your age, gender, and marital status in order to determine what to charge you for coverage. Other factors play a role, too, such as:

  • Your credit score
  • The deductibles and coverage limits that you choose
  • The number of cars and drivers in your household
  • Whether you own or rent your home
  • The auto theft rates in your city or ZIP code

An independent agent in Toms River can make comparison-shopping easy. Independent insurance agents can obtain quotes from multiple insurance carriers, so you can compare costs and coverage and make the best choice for your needs and budget.  

Number of Uninsured Motorists in New Jersey

Drivers without insurance coverage put everyone else on the road at risk from the financial consequences of crashes that they cause and can’t pay for. Yet many people continue to disregard the law and drive without car insurance.

  • How many US drivers are uninsured? 12.6%
  • How many New Jersey drivers are uninsured? 14.9%

New Jersey has a high rate of uninsured drivers, and uninsured motorist coverage is one of the few ways that you can protect yourself if one of these drivers hits you. Uninsured and underinsured motorist coverage is required in New Jersey. It provides immediate reimbursement for your vehicle damage and medical expenses if you are in an accident that is caused by an uninsured, underinsured, or hit-and-run driver. Without uninsured motorist coverage, you would have to pay out-of-pocket for your own vehicle damage and medical bills while your insurance company attempted to collect (probably unsuccessfully) from the at-fault driver. 

Number of Auto Thefts in New Jersey

The auto theft rate across the state of New Jersey is lower than the national average. The auto theft rate in Toms River is very low, which is great news for local residents.

  • National auto theft rate per 1,000 vehicles: 2.94
  • New Jersey auto theft rate per 1,000 vehicles: 1.27
  • Toms River auto theft rate per 1,000 vehicles: 0.40

While your city is safe, you cannot ignore the threat of car theft. You should always lock your car and park in safe, well-lit places. But you may still be a victim no matter how careful you are. If your car is stolen or vandalized, your comprehensive coverage will reimburse you for your lost or damaged car. It also helps you pay if falling objects, floods, structure fires, or other hazards cause damage to your car. If you have a car loan, you’ll probably be required to purchase comprehensive coverage until your loan is paid in full. Talk to a local independent agent about comprehensive coverage, and how it can help you in a variety of unfortunate situations. 

Why Contact an Independent Insurance Agent?

Independent insurance agents are insurance professionals who can explain your coverage options, answer your questions, and provide you with customized car insurance quotes from multiple insurance companies. With the help of an independent agent, you can make an informed choice. 

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
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