Sample Drivers – Sample Coverage Selections
Here are 4 examples of people driving in New Jersey. Each of them makes different selections for their auto insurance coverage. Be sure to speak with your NJ auto insurance broker to discuss what is right for you. To read the New Jersey Auto Insurance Buyer’s Guide, you can download a PDF version by clicking here (you'll need Adobe Reader).
Sample 1: Married couple, aged between 30-50
- Owns a home
- Owns or leases two cars that are less than 3 years old
- Drives to work
| Factor | Selection | Reason |
|---|---|---|
| Liability: | Bodily Injury Limits: $250,000/$500,000 Property Damage: $100,000 |
Wants to protect assets |
| Personal Injury Protection: | $250,000; $250 deductible | |
| Uninsured Motorist Coverage: | Bodily Injury Limits: $250,000/$500,000 Property Damage: $100,000 |
|
| Comprehensive: | $750 deductible | Leasing company requires maximum deductible of $750, and couple plans to fix all minor damage |
| Collision: | $750 deductible |
Sample 2: Single, age between 30-40
- Rents or owns a home or apartment
- Owns or leases recent model car
- Uses mass transit for work
- Drives for pleasure
| Factor | Selection | Reason |
|---|---|---|
| Liability: | Bodily Injury Limits: $100,000/$300,000 Property Damage: $50,000 |
Protect moderate assets |
| Personal Injury Protection: | $250,000; $250 deductible | |
| Uninsured Motorist Coverage: | Bodily Injury Limits: $100,000/$300,000 Property Damage: $50,000 |
|
| Comprehensive: | $1000 deductible | High deductible reduces premium; feels there is low risk of accident |
| Collision: | $1000 deductible |
Sample 3: Single, age between 20-25
- Rents an apartment
- Has limited assets or savings
- Owns an older car with limited resale value. The car already has minor dents and scratches.
- No motor vehicle violations or accidents in past 5 years
- Drives only for pleasure
| Factor | Selection | Reason |
|---|---|---|
| Liability: | Bodily Injury Limits: $50,000/$100,000 Property Damage: $25,000 |
Does not have assets to protect, doesn't drive much |
| Personal Injury Protection: | $250,000; $250 deductible | |
| Uninsured Motorist Coverage: | Bodily Injury Limits: $50,000/$100,000 Property Damage: $25,000 |
Car not worth much |
| Comprehensive: | $500 deductible | Will not repair minor accidents/scratches |
| Collision: | $500 deductible |
Sample 4: Married couple, age over 60
- Owns a home or apartment
- Owns or leases one recent model car
| Factor | Selection | Reason |
|---|---|---|
| Liability: | $300,000 combined single bodily injury and property damage limit | Protect moderate assets and lower premium with combined single limit |
| Personal Injury Protection: | $250,000; $250 deductible | |
| Uninsured Motorist Coverage: | $300,000 combined single bodily injury and property damage limit | Lower premium with combined single limit |
| Comprehensive: | $750 deductible | Selects standard deductible that balances premium & out-of-pocket expense |
| Collision: | $750 deductible |
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.
