Who's Driving Next To You?
Being protected with the right auto insurance doesn't have to be expensive
By Len Mosco – Licensed New Jersey insurance agent for over 30 years
As a child, when going on rather long road trips with my parents, I used to look
at the different license plates on all the cars on the road as it helped pass the
time. I used to enjoy looking at the different designs and colors on these license
plates from the cars of various states. After spending 30 plus years in the insurance
business I now look at the different state license plates in a different way.
New Jersey is one of only 20 states where Uninsured & Underinsured Motorist coverage
With the economy being the way it is today, many drivers are picking the lowest
limits of liability on their auto insurance in an attempt to save money. While there
is some savings for selecting lower limits of liability and property damage coverage
on your auto insurance, the savings is usually very small in comparison to the overall
annual premium. We have no control over the limits of liability and property coverage
that someone who is sharing the road with us has selected.
If my car is hit by another
car in an accident am I subject to the protection of only the limits that they have
chosen for their car insurance? The answer is Yes and No. If they have chosen lower
limits of liability and you have not selected higher limits of Underinsured Motorist
coverage on your own auto insurance policy then you would only have the protection
limits that they have chosen as a maximum for their own auto insurance in other words, their
liability limits would protect you as they were at fault in the accident.
New Jersey drivers are fortunate though to have mandatory Uninsured/Underinsured
Motorist coverage. Because of this, you will always have protection if you are hit
by a driver who is "Under Insured".
As a New Jersey driver, making sure that your limits of Uninsured/Underinsured Motorist
are adequate is very important. It is usually inexpensive to increase your liability
and Uninsured and Underinsured coverages. By doing this, you can protect yourself
if you are hit by a driver from another state, or New Jersey, that is Underinsured
and does not have adequate coverage. It is always recommended to purchase the highest
limits of liability and Uninsured/Underinsured Motorist coverage that you can afford.
To find out if you have the best limits available for your situation please submit a free quote request for your New Jersey auto insurance by clicking here
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