Do I need more than basic auto insurance coverage

In Bloomfield, NJ basic auto insurance mandated by state law is  $5,000 for each accident and personal injury protection of $15,000 for each person. You are not required to have anything else by the state. If you have a loan or a lease on your vehicle, you will likely have to carry additional insurance to protect the lender or lessors investment.  E.S.T.I.R. Inc. can help you to understand if additional coverage is something you need to consider. 

Additional liability 

If you are young, single, a renter and own nothing, basic insurance is fine. However, if you have moved beyond that and have assets that have some value, adding additional liability insurance is worth considering. If you are sued, in this day and age, it could go way beyond the very minimal amount of a basic policy. You work too hard to accumulate what wealth you have to place it at risk. 

Collision coverage

Collision coverage protects your vehicle in the event you are in an accident where you are deemed at fault or are the victim of a hit and run. If you crash into your garage or a pole, you are the only driver involved. If your vehicle is old and has little value or if you would be able to pay for the repairs that might be required then collision insurance is probably not necessary. If however, you can not afford to be without your vehicle and you don’t have the ready cash to replace or repair it, collision is an affordable option. 

Comprehensive coverage

Your vehicle can be stolen or damaged by hail, wind or vandalism. If this happens and you don’t carry comprehensive coverage you will need to repair or replace your vehicle yourself. 

If you live in or near Bloomfield, NJ, E.S.T.I.R. Inc. is there to help you to decide what the best coverage options are for you. Stop by the office or give us a call for a no-obligation quote. 

 

Does Auto Insurance Cover your Passenger’s Expenses?

Having an accident is the last thing that anyone wants to have to deal with. That being said, there are tons of expenses that come along with an accident for both you and your passengers. For those in the Bloomfield, NJ area, the agents with E.S.T.I.R. Inc. can help you to find the best policy for your needs every time.

Auto insurance covers a great deal and the costs and expenses of your passengers are one of them. Though your auto insurance is not going to cover every single expense your passenger incurs, their own health insurance will cover a great deal, your auto policy is likely going to award them what is considered liability for your state. This means that if liability for your state is $10,000, that is how much your policy is going to pay for your passengers. This is only if you have a liability policy if you have a larger policy or a full coverage policy you may be able to get more money for your passengers.

You will also be able to claim injury costs on your auto policy as well as using your health insurance policies to help pay for costs associated with your wreck. You should take the time to also consider that your state may be what is considered an at-fault state which means that fault for the wreck will be determined and the person at fault will have to use their insurance to cover all the expenses. No matter what your state laws say, your passenger is going to be covered to a certain degree on your policy each time they get into the car and ride with you. For those in the Bloomfield, NJ area, the agents with E.S.T.I.R. Inc. can help you find the policy that works best for you.  

Four Benefits of Proper Car Maintenance

At E.S.T.I.R. Inc. the agents understand how important your vehicle is your daily life. Without it, you would at a loss, unable to go to work or care for your family. The agents are always available to Bloomfield, NJ residents to answer questions about auto insurance or offer a few sound maintenance tips to keep your car in top shape.

Better Gas Mileage

Regular maintenance and service checks keep your car running efficiently and will help to improve your gas mileage. This saves you money in the long run and also reduces wear and tear.

Better Overall Performance

Regularly scheduled oil changes and service checks can bring your car’s engine back to factory standards in terms of how the engine runs. Changing your air and oil filters allows the engine to have what it needs for maximum efficiency and better overall performance.

Fewer Breakdowns/Repairs

Having your car thoroughly inspected and serviced according to the factory’s recommendations will prevent breakdowns and keep repairs to a minimum. By catching problems when they are small, you can eliminate larger repair bills.

Maintains Its Value

Cars that are properly maintained hold their value for a much longer period of time. This increases trade in value and ensures you get the most out of your investment.

The agents of E.S.T.I.R. Inc. serve residents throughout the Bloomfield, NJ area. When it comes to auto insurance and how to make sure you get as much out of your investment as possible, it’s important to understand how important maintaining your vehicle really is. Call and schedule an appointment with one of their agents at your earliest convenience. They have the answers you’ve been looking for. 

What You Should Know about Shopping for a Car and Auto Insurance

Buying a new car in Newark, NJ can bring some questions about what to do with your auto insurance.

If you are buying a car on the weekend and the insurance office doesn’t open until Monday morning, you will usually have automatic coverage for new purchases that is equal to the broadest coverage you have on either your current or other cars on the policy. This means your policy will cover you for up to four days. If you don’t have comprehensive or collision coverage on the car you are replacing, then you won’t have it on the new vehicle. You may be required to have this overage if you are leasing or financing the new car. If there are multiple cars on the policy, then the new vehicle will have the greatest level of coverage to match any car listed on the policy.

It’s important to read the fine print on the lease or loan. Some leasing contracts could have a forced place clause, which means that the leasing company will arrange for insurance and add it to the monthly bill. You may also want to add additional gap coverage when purchasing a new car since this will help pay the difference from what you owe and what the car is worth at the time of an accident.

The dealership will not be responsible for contacting your insurance company, so you should contact your insurance agent as soon as possible.

If you are purchasing your first car and don’t have any existing insurance, you will have to do that before you can drive off the lot. An agent at E.S.T.I.R. Inc. can help you set up a first-time car insurance policy. While you typically have four days to contact your insurance after buying a vehicle, you should notify your agent in advance if you know you are close to getting a new car.

Contact E.S.T.I.R. Inc. serving Newark, NJ, to get a quote on auto insurance. 

 

Should you be concerned when lending your auto to others?

Lending your vehicle to another person is something that you may do without thinking through the ramifications. You may even feel pressured to do this “small” favor for a close friend, who you assume would do the same thing for you. Many feel guilty not accommodating a sincere request from a friend. It is not comfortable to be caught off guard when someone asks to borrow your automobile and having to scramble around to think up an excuse not to let them. It is worse just to lend it to them without knowing what the risks really are.

Here are the things you should do:

1. Check with Your Insurance Agent About Casual Drivers

First, you need to know if other drivers are covered under your auto policy. This is a good reason to pick up the telephone and talk with your agent at E.S.T.I.R. Inc. in Newark, NJ. Ask your agent if casual drivers are covered in your policy and what the rules about them are.

2. Understand the New Jersey No-Fault Rules

New Jersey is a no-fault state. Residents must carry auto insurance to legally operate a vehicle within the state. There are the minimums for coverage under a “basic” policy which are:

  • Property damage liability (PDL) $5,000 per accident.
  • Personal injury protection (PIP) $15,000 per person, per accident.
  • Up to $250,000 for very serious injuries.

New Jersey residents have the option to choose a “standard” policy, by paying a higher premium, which has higher limits, covers more, and has the option to choose not to have any restriction on the right to sue a person who caused the accident. Ask your insurance agent about the options.

3. Consider Your Feelings

If the friend that borrows your car gets into an accident, even if it was the fault of the other driver, your insurance is going to have to pay the claim for your vehicle and its occupants. This can cause your premiums to rise, which is uncomfortable when you did not have anything to do with what caused the problem. Talk with your agent about these issues. You may do better paying for a rental car for your friend instead and making sure it is insured properly.

Summary

You need to think carefully before loaning your car to another person. If you are considering this, contact your agent at the E.S.T.I.R. Inc. agency serving Newark, NJ and the surrounding areas. Ask for an auto insurance review and a quote to be sure you have adequate coverage.

5 Auto insurance myths

With so much information across the internet about auto insurance, it is hard to weed out misleading information from the facts. Myths aside, the process of buying a car insurance policy can be daunting especially for first-time buyers in Newark, NJ. We debunk the 5 most common auto insurance myths:-

Your credit rating has no effect on your premium amounts
Most insurance companies refer to your credit history when determining your premium rates. A suitable credit rating shows that you are able to manage your financial affairs well and less likely to file for an insurance claim.

Your gender does not count when it comes to your premium rates
More often than not, women tend to pay lower insurance rates than men. This is because they are considered safer drivers. That being said, your driving record also influences your insurance rates. 

Your comprehensive insurance policy covers anything stolen from your car
An auto insurance coverage pays for repairs to damages caused during the vehicle’s break-in rather than the cost of the stolen items. However, a renter’s or homeowner’s insurance policy could compensate for such. 

Higher premium rates mean more coverage
Insurance plans differ from one company to another, thus the difference in pricing. As well, the structure of an insurance company has a huge effect on the premium rates. For instance, your insurer could be working with brokers whom they have to pay a commission resulting in higher premiums. 

One ticket automatically results in a higher premium 
While you need to avoid any traffic violations and incidents, a single ticket does not imply an increase in your premium amounts. Nevertheless, a higher number of traffic violations could skyrocket your rates.

Do you need to understand more about auto insurance in Newark, NJ? Get in touch with E.S.T.I.R. Inc. for a free estimate on your auto insurance coverage. 

Do I Have to Have Full Coverage Auto Insurance?

If you have never gone out and purchased a new or used vehicle, then there are likely several questions that you are wanting answers to. For example, you’re probably wondering whether or not you have to have insurance before you can pull off the lot with the new car. You’re also likely wanting to know if you have to have full coverage. Here at E.S.T.I.R. Inc., we want your car-buying experience to be as pleasant as possible, which is why we make getting insurance very easy. Let’s take a quick look at a couple answers to some of the more commonly asked questions about buying a new or used car in Newark, NJ.  

Do You Need Insurance?

When driving in New Jersey, it is mandated by law that you at least maintain liability coverage. So, if you’re going to the car lot and purchasing a vehicle, you will need to provide proof that you have at least liability coverage before being allowed to drive off the lot. Fortunately, it’s quite simple these days to contact an insurance agency, choose an insurance policy, make a payment, and receive proof of insurance. You can do all of this in well under 30 minutes. If you don’t currently have coverage and you need it because you’re buying a new vehicle, there’s no need to fret because you can get the proof you need in a very timely manner. 

Do You Need Full Coverage?

If you’re buying a car that you can’t replace if it was to become involved in an accident, then you should probably invest in full coverage insurance. In doing this, you can rest easy knowing the car will be replaced from a monetary standpoint if it was to be damaged in an accident. Also, you will need full coverage insurance if you are taking out a loan to pay for the car. Almost all lenders will mandate you buy a full coverage policy to compensate them for a loss if the vehicle becomes involved in an accident and you no longer make payments on it. After all, you don’t want to make payments on a car if you aren’t driving it anymore. With full coverage insurance, it’s a win-win for you and the lender. 

To learn more about the type of insurance you need to purchase a new or used car, please contact E.S.T.I.R. Inc. today serving the Newark, NJ area. 

How Auto Insurance in New Jersey is Different From Other States

All states have their own laws regarding auto insurance, but New Jersey is among the few that can be considered truly unique. If you live in Newark, NJ or surrounding areas, you need to make sure you are appropriately covered. E.S.T.I.R. Inc. is therefore here to help you gain a better understanding of New Jersey’s tricky auto insurance laws. Here’s what you need to know:

New Jersey is a ‘Choice No Fault’ State

Whereas most states have "fault" laws where whoever is deemed liable for an accident has to pay for the damages and legal costs, a handful of others states have "no-fault" laws, where all drivers involved have to handle the costs. Then there are the rare few states like New Jersey, which have something called "choice no-fault" laws. Here you have the option of going with fault or no-fault insurance, also known as "full tort" or "limited tort insurance". With full tort, drivers can file suit against the at-fault driver and their insurance company, receiving full compensation for damages to their car, medical coverage, legal costs, etc. Essentially, there are far fewer limitations here. Limited tort insurance is meanwhile appealing to a lot of people because it is generally a lot less expensive, but with this policy they have very benefits. In the event of an accident, they file a claim with their own insurance provider (regardless of who was at fault) and may receive only bare minimum coverage.  

Deciding Which Option is Best for You

Now, there are pros and cons to each option, and the right one for you will often depend on your amount of risk and financial worth. The important thing to know, however, is that the decision to go with either limited tort or full tort insurance must be made at the time that coverage is purchased (it cannot be changed after an accident). To learn more, contact E.S.T.I.R. Inc. (serving the Newark, NJ area and beyond) today. 

3 Questions You Should Ask About Auto Insurance

The idea of not buying a policy to secure your car can be tempting. No doubt car insurance policies are usually expensive however no car cover is a very bad idea. For starters, it is worthy of note that all fifty states in the country, including Newark, NJ, are against driving an uninsured car. In addition, if you have an accident and you are wrong, you could be sued for everything you own. Instead of going undercover, there are a couple of questions about auto insurance you should discuss with your agents at E.S.T.I.R. Inc. to help you choose the best possible policy.

What is full coverage?

There is no "total coverage". If your insurance company sells all the protective measures they had in their arsenal, there would always be things that would not have been covered. An example is the use of vehicles for illegal activities. Avoiding police, smuggling drugs or other illegal substances or people and intentional criminal offense are a good example of things you would never cover if your vehicle was damaged or destroyed.

What is the level of risk?

Car insurance risk assessment is based on a number of factors, such as age, sex, occupation, place of residence and driving time. Prices for new drivers are likely to be high, and persons with criminal records will also be labeled as higher risk. The higher the risk, the higher your premium will be.

What are my payment options?

Auto insurance is an excellent financial obligation so it is necessary to determine how to pay for it. Most insurance companies offer the possibility of paying an annual lump sum or paying half an annual amount every six months. The most frequent payment frequency is monthly, as it tries to make the budget more realistic, but in the long run, it can increase your annual costs. However, if you can afford an annual fee, it usually means you are entitled to a discount so if you can pay an invoice instantly, it’s advisable to do so.

Before you can hit the road, car insurance is the most important thing on your list of obligations! But the demand for car insurance can be a complex problem if you have not done it before and you do not know what to look for.

For more information about finding the right coverage in Newark, NJ contact E.S.T.I.R. Inc.

 

Distracted Driving Statisticsyou could

E.S.T.I.R. Inc., serving Newark, NJ and the surrounding area, offers various commercial, home and auto insurance policies. Unfortunately, we see firsthand the devastation distracted driving has on people’s lives. And shockingly, people just don’t seem to learn the dangers of taking your mind off of driving for even a few seconds, as indicated by the high number of distracted driving instances. 

About Distracted Driving

Distracted driving includes any activity that takes your mind off of driving such as texting, talking on the phone, drinking, eating, talking to your passengers or using your entertainment system, among other activities. Texting is considered the most concerning distraction. A text may only take five seconds to send, but in that small window of time, it’s possible to cause a collision. Let’s say you were traveling 55 miles per hour while texting. In that five seconds it took to send a text, you could have driven the length of an entire football field, making texting while driving equivalent to driving this entire distance with your eyes closed. What’s even more shocking is that approximately 660,000 people are using cell phones while driving. 

Statistics

According to the National Highway Traffic Safety Administration (NHTSA), distracted driving claimed 3,477 lives while 391,000 were injured in 2015 alone. The NHTSA deemed distracted driving as a huge concern, especially for teenagers who are already at a disadvantage because they’re inexperienced drivers. In fact, drivers who are under the age of 20 are the ones involved in the highest percentage of distracted driver fatal crashes. In the United States alone, about nine people are killed and 1,000 injured in accidents involving a distracted driver, as noted by the Centers for Disease Control and Prevention. 

We advise always keeping your eyes, mind, and hands on driving. And another important safe driving tip is to always have auto insurance. Contact E.S.T.I.R. Inc., serving Newark, NJ and the surrounding area, by calling 973-481-5300 to get a quote.