Due to high population density and mandatory no-fault benefits, New Jersey has some of the highest insurance costs in the country, with average minimum coverage around .
: Minimums will rise again to $35,000 per person and $70,000 per accident .
: Pays for others' injuries or property damage when you are at fault. new jersey automobile insurance
New Jersey law requires all drivers to carry three specific types of coverage:
New Jersey automobile insurance is characterized by its "no-fault" system and a mandatory multi-phase reform currently increasing liability requirements for all drivers. Due to high population density and mandatory no-fault
: Often called the "Dollar-a-Day" policy, this is available to drivers eligible for Federal Medicaid with hospitalization. At a cost of $365 per year , it covers only emergency medical care and does not include liability or collision coverage.
The state is currently implementing a two-phase increase in mandatory minimum liability limits: New Jersey law requires all drivers to carry
: The state provides incentives for insurers to increase coverage availability in specific urban centers to stimulate competition.