NEW JERSEY AUTO INSURANCE GUIDE
insurance policy or renewing your current policy, you must make many decisions
about what coverage you need and how much you can pay. The following
guide outlines how to make choices that work for you.
UNDERSTAND YOUR NEEDS. Do you rent or own your own home?
Do you have assets to protect (including income from a job)? Will your own
health insurance cover auto accident injuries? How much insurance coverage
can you afford? These are some of the questions you should ask yourself
before choosing a specific coverage plan.
UNDERSTAND YOUR OPTIONS. Use this guide to learn about the
words and phrases used in auto policies. Know the many coverage options.
Review the different benefits of each option.
UNDERSTAND CONSUMER PROTECTIONS. As a New Jersey
auto insurance consumer, you have rights. You have a right to fair and equal
treatment, and you have the right to get the information you need to make
informed decisions.
Agents, brokers and companies must inform you of your coverage
options when applying for a new policy, or at any time upon your
request if you are already insured. You have the right to know how
each choice may affect what you pay and what your benefits would
be in the event of an accident. You always have the right to ask about
additional options.
You can shop for auto insurance at any time – not just when your
policy is up for renewal, and if you find a better price, you can cancel
your old policy and seek a refund of your unused premium.
You have the right to change your coverages and policy limits at
any time, even if you are not near your renewal date. If you select
options that save you money, you have a right to a refund of your
unused premium within 60 days.
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