If you’re in New Jersey and need auto insurance, it’s important to use a car insurance calculator to get an idea of what kind of policy you can afford. There are many factors that influence how much your premium will be. These include your age, your driving record, your credit history and more. You should also ask your insurance company about additional coverage options.
The average New Jersey driver pays around $125 a month for car insurance. That’s lower than the national average of $1,600 per year. However, there are ways to get cheaper rates. For example, you may be able to find a discount if you’re a good driver. Adding a teen driver to your policy can increase your rates, so it’s worth looking into your options.
One of the best ways to save money is to shop around. Getting a quote from several companies can help you determine which one offers the best value. In addition, you may be able to get a discount if you have a safe driver’s license, good grades or are a homeowner. Alternatively, you may be able to pay less if you get your policy through a local insurer.
Another way to save money is to make sure you have all of the mandatory coverage in place. These include property damage liability, personal injury protection and uninsured motorist coverage. Failure to meet these requirements can result in fines and license suspension. Additionally, you’ll need to have a bodily injury liability policy with a minimum of $15,000 per person.
Having an older vehicle can also affect your car insurance premiums. Most vehicles built after 1990 will not need to have comprehensive or collision coverage, but older models may need to have this. This will protect your car from being stolen or damaged by other problems. It can also protect you from skidding on ice.
Other factors that affect your insurance rate include your credit rating, driving record and the car you drive. You can expect to pay more for car insurance if you have a poor driving record or poor credit. Also, some companies will charge more for drivers who are considered high risk.
Among the factors that can affect your rates are your age, gender and driving history. Drivers in New Jersey who are under 25 will usually pay more for their insurance than older drivers.
Young drivers are more likely to be in an accident and file claims, so insurance companies tend to charge higher rates for them. While there is no state requirement for uninsured motorist coverage in New Jersey, some drivers may opt to have this added to their policy.
Drivers can also save on car insurance in New Jersey by purchasing higher deductibles. Depending on the policy, your deductible may be higher than the amount of your total coverage. Doing so will ensure that you’ll save money in the long run.
Another way to save on car insurance in New Jersey is to take advantage of the no-fault system. No fault insurance pays for your own bodily injuries and the damages incurred by passengers in your car. But, if you are at-fault, you can also choose to purchase extra bodily injury liability coverage to pay for the other driver’s expenses.