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New Jersey Insurance Guide
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Insurance in New Jersey
Find comprehensive insurance information for New Jersey (NJ) residents. From health coverage to auto and home insurance, we’ll help you understand your options in the Northeast region.
Not sure what coverage you need? Take our Coverage Quiz for personalized recommendations.
Quick Facts
| State | New Jersey (NJ) |
| Region | Northeast |
| Population | ~9.3M residents |
| Health Marketplace | Get Covered NJ |
| Insurance Regulator | New Jersey Department of Insurance |
Health Insurance in New Jersey
New Jersey residents can find health coverage through:
- Get Covered NJ - The official health insurance marketplace
- Employer-sponsored insurance - Coverage through your workplace
- Medicaid - For eligible low-income residents
- Medicare - For residents 65 and older
Auto Insurance in New Jersey
New Jersey has specific requirements for auto insurance coverage. Learn about minimum liability requirements, optional coverages, and how to find the best rates.
Homeowners Insurance in New Jersey
Protect your home with coverage tailored to New Jersey’s specific risks and requirements.
Life Insurance in New Jersey
Find life insurance options available to New Jersey residents to protect your family’s financial future.
How New Jersey Compares
Understanding how New Jersey stacks up against national averages helps you evaluate your insurance costs and coverage options.
| Metric | New Jersey | National Avg | Comparison |
|---|---|---|---|
| Auto Insurance (annual) | $2,534 | $1,935 | +31% (among the highest) |
| Health Insurance (monthly) | $423 | $477 | -11% (well below average) |
| Home Insurance (annual) | $1,356 | $2,377 | -43% (below average) |
| Uninsured Rate | 8.4% | 9.5% | -12% (near average) |
Key Insights
- Auto insurance costs in New Jersey are among the highest in the nation (#47). Shopping around and comparing quotes is especially important.
- Health insurance premiums are relatively affordable compared to other states, ranking #9 lowest.
Related Insurance Types
- Health Insurance - Medical coverage options
- Auto Insurance - Vehicle coverage requirements
- Homeowners Insurance - Home protection
- Life Insurance - Financial protection for your family
- Business Insurance - Coverage for business owners
Official Resources
- New Jersey Department of Banking and Insurance (opens in new tab) - State insurance regulator, file complaints, verify licenses
- Get Covered NJ (opens in new tab) - New Jersey’s official health insurance marketplace
- FEMA Flood Map Service Center (opens in new tab) - Check flood zones for any New Jersey address
Contact Your State Insurance Department
Have questions about insurance coverage, need to file a complaint, or want to verify an agent's license? Contact your state regulator:
- Agency
- New Jersey Department of Banking and Insurance
- Phone
- 609-292-7272
- Website
- Visit Official Website
Frequently Asked Questions
What is the minimum auto insurance required in New Jersey?
New Jersey offers Basic and Standard policies. The Standard policy requires 15/30/5 liability plus PIP of $15,000. New Jersey is a no-fault state. You can also choose a verbal threshold (limited lawsuit option) to reduce premiums.
How do I get health insurance in New Jersey?
New Jersey has its own state marketplace, Get Covered NJ. Open enrollment runs November through January. New Jersey has an individual health insurance mandate with tax penalties for those without coverage. Many residents qualify for premium tax credits.
Does New Jersey homeowners insurance cover flood damage?
No, standard homeowners insurance does not cover flood damage. Given New Jersey’s coastal exposure and Hurricane Sandy history, flood insurance through FEMA’s NFIP or private insurers is strongly recommended, especially near the shore.
Is New Jersey a no-fault auto insurance state?
Yes, New Jersey is a no-fault state with required Personal Injury Protection (PIP). Your own insurance covers your medical expenses regardless of fault. You can choose a verbal threshold limiting lawsuit rights in exchange for lower premiums.
What is the average cost of car insurance in New Jersey?
New Jersey drivers pay approximately $2,200-$2,600 per year for full coverage auto insurance, among the highest in the nation. North Jersey and urban areas have significantly higher rates than South Jersey.
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[new-jersey] Insurance Types
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Neighboring State Guides
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