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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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. If you are a , you may have heard your insurance agent speak about personal injury protection, or , or seen it listed in your auto insurance policy documents. You may have never looked carefully at what this essential element in your policy is, though. So what is personal injury protection, and how does New Jersey PIP work? Compare rates and save on auto insurance today! Get quotes Close X RatesRates keep going up in 2022. Compare rates and save on auto insurance today! Get quotes Close X This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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. See more providers in Choose from insurers in Show More RATE INCREASE ALERT Rates increased up to 12% this year
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Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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. See more providers in Choose from insurers in Show More What is PIP insurance
New Jersey is one of the many U.S. states that are considered . 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 coverage 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 in order to drive legally. In New Jersey, you are mandated by law to have at least the following minimum limits under a : $15,000 bodily injury liability per person $30,000 bodily injury liability for all injuries per accident $5,000 for property damage liability per accident $15,000 personal injury protection (PIP) $15,000 uninsured and underinsured motorist bodily injury per person $30,000 uninsured and underinsured motorist bodily injury per accident However, New Jersey also offers another option for minimum coverage through a Basic Auto Insurance Policy. Under a Basic Policy, minimum limits include: $5,000 property damage liability per accident $15,000 personal injury protection (PIP) 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. How does New Jersey PIP work
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 that might reduce your auto premium. However, it is best to speak with a licensed insurance agent and contact your health insurer to understand if this option would provide you with sufficient coverage. Is PIP required in New Jersey
PIP is mandatory in New Jersey, regardless if you choose the Basic or Standard Auto Policy. You cannot legally drive on public roads without having PIP coverage as part of your policy. Your PIP is in addition to the other state . However, keep in mind that NJ PIP has a few options to satisfy the state’s requirement. You can choose only to have medical PIP coverage, medical and additional PIP coverage, such as for lost wages and essential services, or even to leverage your personal health insurance along with your PIP coverage. It is best to speak with a licensed insurance agent to determine which PIP option you are most comfortable selecting. In addition, PIP has different coverage limits to choose from, ranging from the minimum $15,000 limit to as high as $250,000 coverage limit. How much does PIP cost in New Jersey
When you apply for auto insurance, your potential insurer will give you a . 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 the size of your deductible — a higher deductible generally means a lower premium — and the amount of PIP coverage you select. Key things to note about PIP insurance in New Jersey
It is mandatory for all drivers in New Jersey. Its purpose is to pay for medical expenses or other costs for the driver or their passengers following an accident. It is awarded regardless of who is at fault in the accident. The minimum required is $15,000, but you can purchase up to $250,000 of PIP. It is generally paid quickly; 30-60 days following an accident. Frequently asked questions
How and when do I file a PIP claim
You might want to contact your auto insurer as soon as you’re able to following an accident. A claims adjuster can help walk you through how to file a PIP claim, how your PIP coverage applies (depending on which coverage option you chose), what paperwork you will need to provide and what to expect as far as claim completion time. It’s also best to save your medical receipts and other documents related to your injuries in case you need to provide those to your insurer. Are PIP and medical payments the same
These coverage types are similar in that they both cover medical expenses following an accident. However, PIP generally offers more robust coverage as it can also help pay for lost wages and household needs (such as a cleaning service while they’re recovering). MedPay, meanwhile, usually only pays for medical costs. SHARE: Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content.