If you live in New Jersey then you are required by law to have auto insurance. The amount of choices you have in choosing your insurance provider are numerous and there may be many things that you consider, however at the top of most people’s list will be cost. Keeping the cost as low as possible while still attaining the cover you need is an extremely important factor when looking for New Jersey Auto Insurance. Unfortunately there are some factors such as gender and age that will determine your premium however there are some other things you can do to help control the cost.
Often you can save some cash on your premium by choosing higher deductibles on your policy. However, this does mean that you will have to pay more money out if an accident does occur.
In the event of a traffic accident many auto insurance companies offer cover to pay for any medical bills you may incur. However, if you already pay for health insurance independently then you can choose for this to be your first go to option, eliminating the need to add it to your New Jersey auto insurance policy and saving you cash in the long run.
More Than One Car
If you own more than one car or another member of your household has a car then you could save money by covering both vehicles with the same policy. Some companies will also offer discounts if you have another kind of insurance policy with them, such as house insurance.
Know Your Car
If you are lucky enough to own a vehicle that is a recent model and that has important safety features such as anti-lock brakes, air bags and passive restraint systems then insurance companies are obligated to offer you a discount on your premium.
If you have completed a defensive driving course that has been approved by the New Jersey Motor Vehicle Commission then by law insurance companies in New Jersey will be obligated to offer you a discount.
Another way to save some cash on your insurance premium is choosing the limited right to sue option on your policy. This option limits lawsuits filed for pain and suffering excluding cases that involve permanent injury or death.
If you are a young student driver who maintains a 3.0 grade point average then many insurance will likely offer you discounts on your premium.