Today, more than ever, finding the cheapest car insurance in New Jersey is easy thanks to the Automobile Insurance Cost Reduction Act that has been put into place. This reduction has helped many individuals to afford insurance premiums for their vehicles by ensuring that insurance companies provide the cheapest car insurance policy to their customers. The implementation of this act has made it possible for many people in New Jersey to acquire vehicle insurance at a much cheaper price while still getting full coverage.
The Automobile Insurance Cost Reduction Act makes it possible for car owners to access basic auto insurance. The policy entitles you to personal protection against injuries amounting to $15,000 per individual. It also protects against accidents to as much as $250,000 per person; this is for both large injuries or permanent bodily damage from accident impact. The payment will depend on the evaluation and description of the insured. The act goes a step further and incorporates $5,000 to cover liabilities and damages for properties that may be involved in the accident.
Though the Reduction Cost Insurance Act in New Jersey does not incorporate liability protection from injuries in the basic insurance coverage, it can be added as an option. If the holder of the policy decides to include the liability coverage for injuries, then the rates will increase and will rise to $10,000 every time you get an accident. The basic car insurance cover does not provide protection for uninsured motorist neither is it available for the underinsured motorist; it is just a plain insurance plan with no comprehensive coverage. This notwithstanding, some exemptions can be made by the insurance provider, depending on the reason for which the policy was provided, to include collision and comprehensive cover.
The basic car policy offered in New Jersey does not offer comprehensive cover as necessary. The major benefit from this insurance plan is that it provides the cheapest car insurance in New Jersey which is in important in times of economic downturn. This basic insurance policy for your car only provides minimal coverage, but the basic features in this plan give the policy holder the right to seek legal redress in case of an accident. For this reason alone it is better to have this basic car insurance rather than have none at all.
The cheapest car insurance in New Jersey only provides very basic coverage and it is not recommend from people with families where the lives of others depend on you getting home in one piece.