When it comes to car insurance in New Jersey, it is important to understand the legal requirements and factors that can affect your insurance rate. Here are some key points to consider:

Legal Requirements: In New Jersey, all automobiles must be registered and insured. Driving without insurance coverage can result in significant fines and penalties. The minimum car insurance requirements in New Jersey include bodily injury liability, property damage liability, uninsured motorist bodily injury, and uninsured/underinsured motorist property damage coverage.

Driving Record: Your driving record, as well as the driving records of other drivers covered on your policy, can impact your insurance premium. Speeding tickets, accidents, and other violations can increase your risk assessment and result in higher premiums.

Credit Score: Insurance companies may check your credit score when you apply for a new policy. While it doesn't count as a credit inquiry, it helps assess your risk. Maintaining a good credit score can save you money on insurance premiums over time.

Vehicle Factors: The type of car you drive can affect your insurance rate. Insurers consider factors such as the make and model of the vehicle, its safety features, and repair costs. High-tech features can be expensive to repair, so they may contribute to higher premiums.

Loyalty and Shopping Around: Being a loyal customer can have value with your insurer. However, regularly changing insurers to chase deals may be seen as a risk factor. It's important to find a balance that works for you.

Liability Coverage: You have the option to increase your liability coverage to protect your assets in case of a lawsuit. Assessing your risk and considering your assets can help determine the appropriate coverage for your needs.

Rideshare Coverage: If you are considering driving for a rideshare company like Uber or Lyft, it's important to understand the coverage gaps that may exist while you are actively logged into the rideshare app. Many insurance companies may not honor your personal policy during that time. It is recommended to discuss the details of rideshare coverage with your insurance agent.

These are just a few factors to consider when it comes to car insurance. Consulting with professional insurance agents can help you navigate through the various coverage options and find the best policy that suits your needs and budget.