Secrets to Cheap Car Insurance

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New Jersey has more cars for its size than any other state in the U.S. Car insurance is required if you drive there. Although you must have car insurance, you can save considerable money by carefully choosing what company you go with and which policy you select. To help New Jersey citizens pay less for their insurance, in 1998 the legislature passed the the Automobile Insurance Cost Reduction Act.

This legislation looked to limit high insurance costs in part by carefully controlling what medical procedures would be considered reimbursable and how medical care decisions are made. This results in lower medical costs borne by insurance providers.

The other provision of the new law was the creation of a new “basic” type of car insurance policy. This affordable insurance is, as the name suggests, basic indeed. For example, the basic policy dictates that personal injury protection coverage be limited to $15,000, and includes up to $250,000 of medical benefits coverage for catastrophic-type injuries, $5,000 property damage liability and an option to purchase $10,000 of bodily injury liability coverage. An important point for those considering this type of coverage in attempt to limit their insurance costs is that you will be prohibited by law from including any uninsured or under insured motorist coverage.

The way modern vehicles are constructed makes them extremely safe, relative to older vehicles. You can see that although this 2007 Toyota Tundra is crashing (IIHS crash test) hard enough to lift the rear wheels off the ground, the passenger compartment is relatively undamaged.

While the basic policy does limit costs, it may not provide sufficient coverage to adequately protect you in the event of an accident. With the average cost of a new car over $25,000, carrying only $5,000 in property damage liability may be insufficient to cover your costs in even a minor accident. If you’ve had a vehicle in a body shop recently, you’ll realize how little $5,000 will provide when it comes to auto body repair and paint work.

The way modern cars are constructed virtually guarantees that any collision over 15 mph will cause that much damage. That is because modern vehicles protect the occupants at the expense of the vehicle’s structure. Vehicles are designed with energy absorbing crumple zones and very strong passenger compartments. The crumple zones do what the name suggests, and crumple to absorb the energy of the crash, leaving the passengers unharmed inside the strong steel structure of the safety cage.

Although this type of construction causes major damage to the vehicle in relatively minor crashes, it is remarkably effective at holding down injuries and death in motor vehicle crashes. In some cases the front of the car may be completely destroyed, yet the interior structure is so intact, the doors can be opened and closed perfectly! That’s just one example of the advanced safety engineering used in today’s automobiles.

In addition to the damage caused to the vehicle itself, a crash of any speed above 15mph virtually ensures airbag deployment. With modern cars having multiple airbags, this alone can easily exceed the coverage of New Jersey’s basic policy.