How Palisades auto insurance rates are determined

When you call Palisades or a Palisades agent, we give you a quote on New Jersey auto insurance that is priced for your needs.

Your vehicles, drivers and discounts

We look at the following factors:

Factor	What we’re interested in
Cars insured	Vehicle age Current vehicle value Safety features installed such as air bags Anti-theft devices such as alarms
Drivers and their driving histories	How long they have been driving Prior claims Prior driving violations
Discounts that can be applied	Multiple vehicle Pay in full Companion homeowner insurance Preferred homeowners companion insurance Defensive driving course Preferred life insurance Employee pricing Employee group Managed care Safe car Safety pledge Claims-free Claim experience Driver experience

Palisades does not use age, race, education, or occupation when determining rates. Some other companies use age, education, or occupation in their rates.

Your Selections

A NJ auto insurance policy and rate is the result of the selections of different coverages. Here are some of the major coverages that influence your insurance policy and rate:

Coverage	Considerations
Bodily Injury and Property Damage Liability	Pays for damage to other vehicles and injuries to other people. Set per-person and per-occurrence maximum amounts This coverage is often determined by considering your estimated value of savings and all other assets Lower limits result in a lower insurance quote
Uninsured & Underinsured Motorist	Pays damages for bodily injury or property damage that an insured is entitled to recover from the owner or operator of an uninsured or underinsured vehicle Set per-person and per-occurrence maximum amounts This coverage is often determined by considering your estimated value of savings and all other assets Lower limits result in a lower insurance quote
Deductible for comprehensive and collision damage to your vehicle and property	The sum you’re responsible for before insurance coverage pays to repair or replace your car If you select a higher deductible, you’ll have a lower car insurance premium

With so many options to consider, it’s nice to have professional help. Your Palisades insurance agent in New Jersey can help you select the protection that’s right for you.

The purpose of this information is to help you understand auto insurance, and how your individual needs are affected by the coverages and coverage limits you select. This information is a not intended to suggest or recommend specific coverage selections or limits that are right for you. It is important that your decision about coverage and coverage limits be based on the level of insurance protection that best meets your personal needs and financial position. A Palisades agent can help to explain all of these terms and selections, so you are able to choose the coverages and limits that most accurately protect you, your family and your property. This material is not a replacement for, or an addendum to, your policy contract. For a complete description of your coverages and definitions, please refer to your Palisades policy.