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Full Car Insurance in New Jersey 

Having car insurance in New Jersey is required by law, but there are many coverage options to choose from. Unless you know the type of coverage you need, choosing an auto policy may prove challenging. Finding out what type of coverage you have (or don’t have) when you file a claim, is not the time to suddenly be educated as to what’s in your auto policy. Determining the amount of insurance you need to protect yourself, your family and your car is easy if you know what to look for. We’ll explain what “full car insurance” covers, and then help you determine if it’s right for you.

What is “Full Car Insurance?”

If you’re a New Jersey resident, you’ve probably heard the term “full coverage.” This term is sometimes interchangeably used with the term “comp & collision.” Insurance that is “full” includes having both comprehensive and collision coverage on your insurance policy, which covers physical damage to your vehicle in many scenarios. Some people may understand full coverage to go beyond comp and collision, to include towing and rental coverage; however, you should not assume that this is the case when an insurance professional refers to “full coverage.”

It’s important to remember that comp and collision coverage applies to physical damage to your car only, while liability protection covers you if you’re at fault in an accident and cause an injury or damage to another person’s property. Full car insurance refers to physical damage protection for YOUR vehicle. Liability coverage is a New Jersey state requirement and provides protection up to the coverage limit you have chosen if you hurt someone or damage OTHER PEOPLE’S property, which may include cars, mailboxes, fences, buildings, and signs.

What does this Insurance Cover?

If you’re interested in protecting YOUR car from physical damage in most scenarios, then full car insurance is probably right for you. We’ll examine the two main components of coverage that give you a policy that creates what is typically referred to as a “full car insurance” scenario:

  •  Comprehensive Insurance – This coverage protection, also known as “comp,” will generally protect your car in a non-collision event that causes physical damage to your vehicle, such as theft or vandalism. Usually, these claim events take place when your car is stationary, which means that you’re not driving on the road.
  •  Collision Insurance – Many policyholders carry comprehensive coverage on their cars, but the collision protection is the coverage that generally rounds out the “full car insurance” coverage protection that you may consider as a motorist in New Jersey. Collision insurance will typically provide protection against physical damage to your car in an event that involves your vehicle striking an object such as another vehicle, guard rail, tree, fence, house or telephone pole, or if you hit a person. Collision coverage can also provide coverage in an event that involves your car rolling over on the road, resulting in physical damage.

Should you have Full Car Insurance on Your Auto Policy?

Now that we’ve determined what this insurance is, and what it usually covers, you may still be wondering if it’s right for you. Typically, there are four main factors to consider, which can help you decide if this kind of insurance is right for you and your family.

  • Your Financial Situation – Do you have enough savings to replace your car if it were to be stolen, or labeled a total loss resulting from an accident? Could you easily cover the out-of-pocket expenses associated with repairing damage from vandalism or hail?
  • Your Risk of an Accident – How far is your daily work commute? Naturally, if you have a long daily commute, the risk of having an accident will rise with increased road time.
  • Where You Live – The zip code you live in may have a higher crime rate with an increased risk of theft or vandalism in comparison with other areas. Depending on where you live, there may also be a higher risk of physical damage to your vehicle involving wildlife.
  • Value of Your Car – Maybe the most key consideration is the actual value of your car. Do you drive a high-end late model car, or are you driving down the road in a high-mileage grocery getter? If you place a higher value on your car, you’ll probably want to have an insurance policy that covers your “full” vehicle.

Final Thoughts

After you consider your coverage options, your finances, the type of vehicle you drive and how far, you may still have scenario-based questions about full car insurance. Get your questions answered by contacting a Plymouth Rock representative today! An experienced, licensed agent would be happy to speak with you in order to help you determine the car insurance protection that would best meet the coverage needs for you and your family.

Call 855-993-4470, get your free quote online or find a local agent to see how Plymouth Rock Assurance can help you with full car insurance in NJ. If you need additional information, please visit our Contact Us page.