 Address Change- 1 week  Name Change- 2 weeks  Lost or Stolen License- Report to the police then replace at MVC  Organ Donation- When applying for a license you may select to be an organ donor.  Voter Registration- When Applying for a license.

AUTOMOBILE INSURANCE WHAT YOU NEED TO KNOW AS A BEGINNING DRIVER!

ARE YOU AGE ? Statistics STATISTICS SHOW THAT TEENAGERS HAVE A GREATER CHANCE OF BECOMING INVOLVED IN AN ACCIDENT THAN DRIVERS IN ANY OTHER AGE GROUP!

WHAT’S REQUIRED IN NJ?  THERE ARE 3 TYPES.  1 YOU ARE REQUIRED TO BUY.  IT IS ILLEGAL TO DRIVE WITHOUT THE REQUIRED COVERAGES.

REQUIRED  LIABILITY*** Covers damage to others property and persons.  PERSONAL INJURY PROTECTION (PIP) Covers your medical cost  UNINSURED/UNDERINSURED Covers you incase of uninsured driver Insurance

LIABILITY ( BODILY INJURY )  COVERS THOSE INJURED/KILLED FOR WHICH YOU ARE LEGALLY TO BLAME.  YOU ARE REQUIRED TO PURCHASE THE MINIMUM:  $15,000 FOR INJURIES TO ONE PERSON.  $30,000 FOR ALL INJURIES IN A SINGLE CLAIM.

LIABILITY ( PROPERTY DAMAGE)  PAYS TO REPAIR DAMAGE TO OTHER PEOPLES CARS/PROPERTY CAUSED BY YOUR AUTOMOBILE.  THE MINIMUM REQUIREMENT IS $5,000.

2 OPTIONAL COVERAGES  COLLISION  PAYS FOR THE COST TO REPAIR YOUR CAR IF YOU ARE AT FAULT.  INVOLVES A DEDUCTIBLE.(amount you must pay first)  MAXIMUM PAYOUT IS BASED ON “BLUE BOOK” VALUE OF THE CAR.  REQUIRED BY LEASE/FINANCE PLANS.  Kelley Blue Book Kelley Blue Book

2 OPTIONAL COVERAGES  COMPREHENSIVE  PAYS THE COST OF REPAIRS/REPLACEMENT IF YOUR CAR IS: STOLEN VANDALIZED DAMAGED BY: FLOOD, DEBRIS, ANIMALS, NATURE. INVOLVES A DEDUCTIBLE

Deductible  DEFINITION of 'Deductible' The amount you have to pay out-of-pocket for expenses before the insurance company will cover the remaining costs.  BREAKING DOWN 'Deductible' For example, if you get into an accident and your medical expenses are $2,000 and your deductible is $300, then you would have to pay the $300 out-of-pocket first before the insurance company paid the remaining $1,700. However, if your accident only resulted in $300 in medical expenses, then you would pay the $300 deductible and the insurance company would pay nothing.

2 TYPES OF “RIDERS”/ ENDORSEMENTS TOWING PAYS FOR THE PARTIAL COST OF TOWING YOUR VEHICLE RENTAL REIMBURSEMENT PAYS PARTIAL COST OF RENTAL FEE IF YOUR CAR IS NOT DRIVEABLE.

INSURANCE COSTS  FACTORS THAT CONTROL YOUR RATES 1. AGE 2. GENDER 3. MARITAL STATUS 4. TYPE OF CAR (MAKE, MODEL, OPTIONS) 5. WHERE CAR IS KEPT (STREET, DRIVEWAY, GARAGE) 6. PREVIOUS DRIVING RECORD

POSSIBLE DISCOUNTS  DRIVER TRAINING (BTW, DEFENSIVE DRIVING COURSE, CLASSROOM D.E.).  SAFETY EQUIPMENT (ABS (anti-lock braking system), AIR BAGS, AUTO SEATBELTS, TRACTION CONTROL SYSTEMS, SAFETY BUMPERS).  ACADEMICS (HONOR ROLL,  ANTI-THEFT DEVICES (ALARMS,TRANSMITTERS, WINDOW ETCHING)  MULTI-CAR DISCOUNTS  GOOD DRIVING RECORD

SUMMARY  LAW SAYS YOU HAVE TO HAVE INSURANCE.  5 TYPES.  3 ARE MANDATORY.  SOME INVOLVE DEDUCTIBLES.  NJ HAS HIGHEST AVERAGE COST.  THERE ARE POSSIBLE DISCOUNTS.

Types  NJ auto insurance rating NJ auto insurance rating

LICENSE PLATES  Create your own personalized license plate  A personalized plate must have at least three letters and a maximum of seven characters in combination of letters and numbers.  State  Personalized picture  GDL decal  Color  NEEDS TO BE REALISTIC!