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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you.
All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Car insurance requirements vary by state. In New Jersey, all drivers are legally required to include personal personal injury protection (PIP) in their car insurance policy. Regardless of who is deemed at fault in a car accident, PIP provides a minimum of $15,000 (and up to $250,000) to pay for any medical expenses that you and your passengers may have incurred. In this article, Bankrate’s insurance editorial team goes into further detail about what PIP insurance is and what is expected from New Jersey drivers under the state’s evolving car insurance laws.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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Safe drivers choose Allstate®
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
New Jersey is one of the many U.S. states that are considered no-fault states. No-fault laws are put in place to help pay personal injury claims quickly following an accident. In a no-fault state, you have limited ability to sue the other driver, but your auto insurance extends coverage through your PIP insurance so that your claim is paid without having to wait for lengthy court cases to be resolved.
However, just because New Jersey is a PIP state does not mean fault from an accident is never determined. If the other driver is determined to be at fault, their liability limits could take care of your medical bills after fault is identified.
Nearly every state in the U.S. requires a minimum level of liability insurance in order to drive legally, and in New Jersey, these minimum limits are changing. Effective January 1, 2023 you are mandated by law to have at least the following minimum limits under a Standard Auto Insurance Policy to legally drive in the Garden State:
These minimum limits will increase once more on January 1, 2026. At that time, New Jerseyans will be required to carry liability limits of at least:
However, New Jersey also offers another option for minimum coverage through a Basic Auto Insurance Policy. Under a Basic Policy, minimum limits include:
A Basic Policy also has bodily injury liability as an option, with a limit of $10,000 per accident. What is important to note is that the Basic Policy does not extend uninsured or underinsured motorist coverage, and optional comprehensive and collision coverage may only be available with some auto insurers.
You may have noticed that whether you carry a Standard Auto Insurance Policy or a Basic Policy in New Jersey, PIP is required.
New Jersey PIP helps pay your medical costs and those of passengers in your vehicle up to your coverage limit, regardless of who is at fault in an accident. It may also pay for accident-related costs, such as lost wages, transportation to medical visits, funeral expenses and even essential services if you select this additional PIP coverage on your auto policy.
New Jersey also offers an option to leverage your personal health insurance coverage along with your PIP coverage, which might reduce your auto premium. However, it may be best to speak with a licensed insurance agent and contact your health insurer to understand if this option would provide you with sufficient coverage.
As part of New Jersey’s minimum insurance requirements, all drivers must purchase at least $15,000 of PIP insurance before operating a vehicle on public roads. No car insurance company will sell you a policy that does not satisfy these requirements, but you can opt for higher PIP limits if you choose. Higher PIP limits offer you more coverage for initial expenses following an accident.
PIP coverage can be used in many ways. First and foremost, you can utilize your PIP coverage directly for you and your passengers’ medical bills. You can also use your coverage to cover lost wages and other essential services. It may be a good idea to speak with a licensed insurance agent to determine how much PIP coverage you need.
When you apply for auto insurance, your potential insurer will give you a car insurance quote. This quote is based on multiple factors, ranging from the age and make of your vehicle to the ZIP code in which you live, your driving history, marital status, age and credit rating. Thus, PIP insurance in New Jersey costs will vary greatly from person to person.
Other factors to take into consideration include your deductible amount — a higher deductible generally means a lower premium — and the amount of PIP coverage you select.
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Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
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