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The annual average cost of car insurance in New Jersey is $2,555 for a full coverage policy and $1,029 for a minimum coverage policy, compared to the national average of $2,543 for full coverage ...
The average cost of car insurance in the Garden State is $2,547 for full coverage, which includes collision and comprehensive insurance, and $1,028 for state-mandated minimum coverage on a ...
Bankrate takes a close look at minimum requirements for car insurance in each state. ... New Jersey’s minimum limits will increase again in January 2026, to 35/70/25 for liability and 35/70 for ...
In lieu of auto insurance, individuals can either (1) deposit $10,000 in cash, stocks, or bonds with the State Treasurer [33] who will issue a receipt [34] or (2) obtain a motor vehicle liability bond equal to the state minimum limits.
In New Jersey, the cost of car insurance tends to be on the higher side, with the average annual expense for full coverage hovering around $2,547 and minimum coverage at about $1,028, according to ...
The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. [1]
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