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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 ...
New Jersey’s minimum limits will increase again in January 2026, to 35/70/25 for liability and 35/70 for UM/UIM. PIP will remain at $15,000. ... What does minimum coverage car insurance cover?
The term full coverage is actually a misnomer because, even within traditional "full coverage" insurance, there are many different types of coverage, and many optional amounts of each. "Full coverage" is a layman's misnomer that often results in drivers and vehicle owners being woefully underinsured.
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]
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 ...
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