Car owners generally see the wisdom in maintaining auto insurance new jersey at all times. Even if the temptation is to drop the coverage, it is something to be resisted. Here are a few of the things that can happen if the owner decides that car insurance can be done without for any amount of time.

Traffic Citations

Since car insurance is required if a vehicle is operated on public roads, a routine traffic stop can become problematic if the officer discovers there is no current auto insurance in place. Depending on the laws that apply in the jurisdiction, the result could be a warning or there could be a fine involved. The money that has to go to settle that fine would go a long way toward paying the premiums on an auto insurance policy. In addition, having the insurance in place means one less negative notation on the driver record.

Trouble After an Accident

Just like the right homeowners insurance NJ comes in handy if someone is injured on the property, having auto insurance certainly makes things simpler after an accident. In many instances, the coverage will settle all of the expenses, less any deductibles that apply. Everyone has their cars repaired and gets on with their normal routines. Should anyone be hurt in the accident, the terms of the insurance will go a long way toward covering those medical costs.

When no auto insurance is in place, things can get difficult quickly. At the least, the car owner will have to pay a lot of money out of pocket for repairs. At worst, there will be lawsuits that involve legal fees, court costs, and paying a judgment to the other party. Rather than having the matter settled in a short amount of time, the uninsured driver may have to deal with the financial repercussions for several years.

Keep in mind that just as owing a home calls for securing NJ homeowners insurance or being a business owner means having enough business insurance NJ, no driver should be without an adequate amount of coverage. For anyone who does not currently have car insurance, today is the day to talk with an agent. Doing so will make it easier to find a basic plan that is compliance with the requirements of the state and ensure that the car owner does have at least the minimum amount necessary to stay on the right side of the law. Even if maintaining the auto insurance will mean having to cut a few other items in the budget, doing so will save a lot of money and frustration later on.