When shopping for Car Insurance, there are many questions a consumer may face. What should my coverage limits be? Do I need full coverage? What is GAP insurance and should I have it?
At The Barclay Group, we are here to help answer any questions you may have about your car insurance policies. If you would like to know more about getting a car insurance policy at our agency, start a quote today here or visit our Contact Us page to find and call a local office near you.
Why Do I need Auto Insurance?
In New Jersey, the state requires anyone who drives to carry auto insurance. There are many different coverage options when shopping for car insurance, and knowing what to look for can help you make an informed decision.
What Types of Auto Insurance Policies are Available?
While there are many endorsements and additional coverages you can add to an auto insurance policy, there are two main policy types; Basic and Standard.
A Basic policy is often less expensive than a standard policy, although it provides limited benefits.
A Standard policy will often be more expensive although you will have more benefits and coverage options. Most NJ drivers choose the standard policy.
What Determines the Cost of Auto Insurance?
There are several factors that go into determining an auto insurance premium, below is a small sample:
Driving Record – If you have been in multiple at-fault car accidents or have motor vehicle violations such as tickets, your auto insurance premium will often increase.
Where you Live – There are different rates for insurance based on areas you may live which can affect premium.
Vehicle Type – The make, model and value of your car factors into your auto insurance premium. In general, a newer car will cost more to insure while an older vehicle will cost less.
Vehicle Use – If you live far from where you work or go to school, chances are you will be paying a higher premium then a person who has a far shorter distance to drive to work or school.