New Jersey had made it clear to the residents and the new people in the city that driving without insurance is a severe crime. It is not a joke. You cannot drive a car without purchasing car insurance. Still if you want to act smart then you should be prepared to face the consequences. In some cases fines will be imposed, in some your license will be taken away and in extreme cases you will get a lifetime chance to stay in jail. So if you don’t like spending your precious time in Jail make sure you insure your car and also renew the insurance on due dates.

There are many kinds of coverage in New Jersey that are not only cost effective but also give various other offers to the customers. There are two kinds of insurance policies available to the customers. One is the basic policy and another one is the Standard auto insurance policy.

Basic Policy:

The basic policy as the name sounds is cheap. It can be purchased by all kinds of drivers at ease. It doesn’t provide complete protection. It is best for people who have few assets or have just started working. The coverage is up to ten thousand dollars for bodily injury. Property damage liability is for five thousand dollars. Personal injury protection provides coverage of fifteen thousand dollars for every accident.

Standard Policy:

The standard auto insurance policy will give you more money at the time of the accident simply because you have paid a higher premium. The coverage is of fifteen thousand dollars for one person and thirty thousand dollars for two persons. The property damage coverage is same as for the basic policy being five thousand dollars. The minimum personal injury protection is fifteen thousand dollars. You can take a maximum coverage of $250,000 dollars.

There is also coverage for underinsured and uninsured motorist coverage. This is also a mandatory insurance coverage in New Jersey.

There are various options regarding insurance companies. You can check the website of Department of Banking and insurance if you have any queries regarding diverse insurance coverage. The insurance company will give you an identity card which will serve as a proof that you have insured your car. You need to carry this identification card whenever you move around in your car. You may need to produce the card in occasions where there is an inspection or during spot checking. You may be asked to produce the proof during an accident.

Purchasing car insurance is solely advantageous to you. It will benefit you if you have an accident by providing for the medical expenses and paying for the car repairs. If you do not have adequate insurance and you were the person responsible for the accident, the injured person may even sue you. Your assets may be at risk and you may end losing a lot of things. Your house, your bank deposits your salary all may become subject to deductions. So it is best that you buy appropriate and sufficient insurance so that your assets are protected.