Top Reasons to Purchase New Jersey Liability Car Insurance?

Answer 1

All car owners in New Jersey must purchase basic car insurance policies. The main reason for this is so that the car owners can pay for damages and injuries that they cause if they collide with other vehicles. Determining which type of car insurance policies to purchase can be a little confusing, but you should always purchase New Jersey liability car insurance. Here are several reasons why you should purchase New Jersey liability car insurance.

It's Mandatory

The state law in New Jersey requires car owners to purchase minimum Bodily Injury Liability. They must purchase a minimum coverage of at least $15,000 for each injured person, which covers up to $30,000 per collision. Car owners must also purchase Property Damage Liability coverage of at least $5,000. You may face serious financial consequences if you fail to purchase the minimum required New Jersey liability car insurance.

Financial Liability

It's in your best interest to purchase New Jersey liability car insurance because if you cause an accident and do not have liability car insurance coverage, you will be held financially responsible for several expenses. You will have to pay for an injured party's pain and suffering. You may also be financially responsible for the lost wages and any personal hardships that a person endures as the result of your accident. Your wages may be garnished, and the court may take your assets to cover the costs that you need to pay. It is the financially responsible thing to do to pay the New Jersey liability car insurance premiums now rather than having to sell your property so that you can pay large sums of money to an injured driver.

To Protect Yourself

If another car hits yours, you can only sue the driver if you have New Jersey liability car insurance. If you lack the minimum liability car insurance coverage, you cannot sue to reclaim costs associated with the pain, suffering and lost wages that occurred due to the accident. If you are covered by New Jersey liability car insurance, you'll be able to recoup these costs by taking legal actions against the negligent driver who injured you or who caused damage to your vehicle or to your personal property.