Comparing Companies

In New Jersey, there are dozens of great choices when it comes to auto insurance. Comparing rates isn’t easy, and often you may feel like you don’t understand what your insurers are explaining to you. How can you purchase the best insurance policy if you don’t understand it?

Start by understanding deductibles. Insurance companies will offer difference deductibles at difference prices, depending on your needs. The deductible is how much you’ll pay out of pocket before your insurance company pays anything. So, the higher your deductible, the lower your monthly premium.

Insurance companies will also give you limits, which you should compare to find the best rate. A limit is the total amount they’ll pay if you’re involved in an accident, even if it wasn’t your fault. Usually, there are two limits – per accident and annually. In the case of bodily injury, there may also be a limit per person.