NJ-PAIP was established pursuant to N.J.S.A.
J.A.C. 11:3-2.1, NJPAIP car insurance is the residual market mechanism for high risk auto insurance in NJ.
To find out how many total motor vehicle commission points that you have for a and review your NJ Driver License history. Take an ONLINE Defensive Driving Course and get a reduction in your New Jersey Car Insurance Policy premium. (N.J.S.A.
NEW JERSEY CAR INSURANCE LAW. All private passenger vehicles are mandated by NJ state law to maintain automobile liability insurance, N.J.S.
Therefore, it is assumed that a new sport utility vehicle is expected to hold up better in an accident than a sleek sports car or a sub-compact car. That is why you should research car insurance coverage before you buy your vehicle. What is no-fault insurance? No-fault insurance is a system adopted in some states (like NJ) that essentially bypasses the conventional legal procedure which finds fault in an accident. This is the procedure by which you hire a attorney, file suit and possibly go to court to prove the accident was the other guy’s fault. No-fault simply does away with the concept of one party or the other being at fault–no lawyers, no court, no judge, no jury, no lengthy lawsuits against the other party. This is considered beneficial to all taxpayers, because it eliminates costly legal proceedings that the state must manage, and to insurance policyholders, because it helps keep rates down. Threshold–The type of damage or injury or the cost of repair or recovery that triggers the need for legal action.
What steps can I take to reduce my NJPAIP car insurance rates? Auto Insurance companies in New Jersey often discount their rates in order to encourage good driving practices and the use of safety and security precautions. Depending on the insurance company, you can often lower your rates from 5 to 55 percent. Sometimes the investment you make in your vehicle is worth the discount, and sometimes it’s simply worth some peace of mind. For example, the purchase of anti-lock brakes merits a discount from nearly every insurer, but the discount probably will not pay for the brakes which cost several hundred dollars during the normal life of your vehicle. Anti-lock brakes are touted, nonetheless, as a life-saving feature and deserves serious consideration when safety is a top priority.
You may need to consider the following, cleaning up a bad driving record and paying your bills on time. Some factors will just fade with time. Typically a New Jersey insurance company may rate a driver with no points for three years as a good or preferred risk. But there are a few things you can do to cut high risk auto insurance costs now! Consider driving an older car and dropping collision and comprehensive coverage’s.