Tag Archives for Bodily Injury

Auto Insurance New Jersey Financial Responsibility Laws

If you are in the process of receiving your driver license in the state of New Jersey, you must purchase auto insurance and provide proof of your insurance to the Department of Motor Vehicles if you have a vehicle registered in your name. Every state in the nation requires drivers to purchase some form of automobile insurance to protect third party drivers. Insurance laws in New Jersey differ from several other states. It is important to know what coverages state financial responsibility laws require. If you fail to carry sufficient auto insurance New Jersey you could face serious punishments and penalties including license suspension, registration suspension, fines, tickets, and jail time. Walk into the DMV prepared with the right type of insurance.

The state of New Jersey requires all drivers to carry liability insurance. Liability insurance will protect third parties and will not pay for injuries or damage that the insured suffers. Liability consists of two different coverage types: Bodily Injury and Property Damage. Each of these coverage types have specific limit requirements in the state of New Jersey.

Bodily Injury will pay for injuries suffered by a third party when you are deemed at fault for an accident up to the limits stated on the declarations page of your policy. Auto insurance New Jersey financial responsibility laws require that drivers carry no less than $15,000 per person and $30,000 per accident in Bodily Injury coverage. Property Damage will pay for damage to a third party vehicle. The limit stated on your policy is the maximum your policy will pay no matter how many vehicles are damaged in the accident. The state of New Jersey requires drivers to carry no less than $5000 per accident. Liability coverage can be written in a more simplified manner. The minimum liability limits are often written as follows: 15/30/5.

Unlike many states, New Jersey also requires drivers to protect themselves and their passengers with Personal Injury Protection coverage. This coverage also referred to as PIP, will pay for injuries to you and your passengers sustained in an accident up to the limits stated on the policy. The state requires policyholders to carry no less than $15,000 per person per accident in Personal Injury Protection coverage.

Although there are several other optional coverages available in an auto insurance New Jersey policy, these are the required coverage you must purchase to satisfy state mandated laws. Choosing not to carry insurance can cost you far more in the long run in fines and lawsuits. Protect yourself and abide by the law by purchasing New Jersey auto insurance right when you are licensed. With affordable coverage available from leading insurers, you do not have to break the bank to invest in protection.

Good To Go Insurance Valdosta

Valdosta is a city located in the State of Georgia and is the county seat of Lowndes County. In terms of auto insurance, the city has to comply with the regulations mandated by Georgia government.

There are many licensed insurers in the state including Good To Go Car Insurance, a subsidiary of American Independent Companies.

Georgias Insurance Regulation

The auto insurance regulation in Georgia is similar to that of most states in the U.S. Based on the information provided on the official website of Georgias Office of Insurance and Safety Fire Commissioner, every driver registered in the state has to have at least liability insurance.

Drivers also have to include Bodily Injury and Property Damage with the minimum limits as follows:

Bodily Injury per person: $25,000 Bodily Injury per occurrence or accident: $50,000 Property Damage per occurrence or accident: $25,000

Liability Insurance is the coverage that pays for damages and injuries suffered by another person in the event of an accident in which you are at fault.

The coverage will pay up to the policy limit, and there is always a possibility that the non-at-fault party will ask for more in case the damage or injuries require more than your limit can provide.

Good2Go Auto Insurance is licensed to offer car insurance in Valdosta, Georgia, and it will make sure you get at least the minimum liability limit to comply with the rules.

For more than 25 years, Good 2 Go Insurance has been known to specialize in providing minimum liability coverage in every state in that it is licensed. But it can also refer you to other companies within its network to your satisfaction.

Physical Damage

There are two types of Physical Damage including Collision and Comprehensive. The former provides coverage for damages caused by a collision or accident to your vehicle. It is an entirely separate insurance coverage.

Similar to Collision, the second type is called Comprehensive which protects property damages from various causes other than an accident such as vandalism, theft, fire, etc. The state law does not require physical Damage, but it is usually required by our vehicles lender, a leasing company, or bank.

Although Good to go insurance is known mainly for its minimum liability policy, the company also provides both Comprehensive and Collision to give better protections.

Good2Go Insurance in Valdosta even offers an easy way for high-risk drivers to get the minimum liability insurance (non-standard insurance).

Eliminating The Difficulties Of Finding Auto Insurance

If you want to drive your car in any of the states in these United States you have to have some form of auto insurance.

Some insurance companies think of most of us as statistical components of the business they are making money in. You may have to self-educate yourself on the types of auto insurance available, so you can choose which is right for you.

We are usually placed in one “pool” or the other by the insurance executives who figure out how much someone is going to cost them and then they charge a rate which is based on this placement.

Your auto insurance policy will typically have several different parts, corresponding to the different types of insurance. The types of insurance your state requires you to have are what you will need to sign up for and then you can add the extra ones you want to them.

Most states will require some kind of Bodily Injury insurance. If you are involved in an accident and someone else is injured, like the other motorist, a pedestrian or a passenger in your car, this type of insurance covers the claim.

You probably will want to add some liability or property damage coverage to your policy. Damage done to property in an accident will be taken care of by this insurance coverage. Most states will require you to carry enough to cover something like $10,000 to $15,000 of property damage, but you may want to consider getting more coverage.

Collision insurance covers damage to your own vehicle if you cause an accident, but if your car is over five years old, you might not need this. The cost of repairs has to be compared to the cost of the premiums. Financing a new car requires you to get at least a minimum level of collision coverage.

Comprehensive insurance covers damage to your car from things other than an accident with another vehicle. That sort of damage may be fire, vanalism, storm damage or that caused by a deer on the highway.

This type of insurance coverage may not be necessary if your car is older and not worth too much any more. Newer or recently financed vehicles will likely require this coverage.

If you are involved in an accident with an uninsured or under-insured motorist, there is insurance coverage that takes care of you. All people are supposed to get auto insurance prior to driving, but some sidestep this law, so insurance companies introduced their uninsured motorist coverage.

Those are the major categories of auto insurance. You’ll need to confirm what your current state requires, and determine whether you need all of those kinds of insurance for your vehicle based on its age, worth and likely repair costs.

Many times you will be able to reduce your premiums by a significant amount by increasing the deductibles in things like collision coverage and then keep enough reserve cash to cover the deductible.