5 Insurance Tips for New Jersey Drivers
There are some companies that boast of low rates but remember you get what you pay for. I’d rather pay a few extra dollars to make sure the company will not fight me if I have a claim. Here are the five basic “tips” for New Jersey drivers. [the same concepts about UM and UIM apply in every state]
Insurance Tips for Driving in New Jersey
- Get at least $500,000 UM and UIM [uninsured and underinsured motorist] coverage. This protects you and your family if you are injured by a driver with no insurance or a small policy.
- Always choose the PIP Medical $250,000 option. That pays up to $250,000 of your medical bills regardless of who is at fault
- Always raise your PIP income continuation benefits to your weekly income. For example, if you make $700 a week, you can buy coverage that will pay you $700 a week for as long as the disability persists. Otherwise, you only get $100 per week.
- If you can afford it, choose the “no limitation on lawsuit” option. This will enable you to make a claim in every situation where you are injured and the other driver is at fault.
- You can eliminate collision coverage to save money if you have an older car and would not fix it if it was damaged.