Candace Baker, Car Insurance Writer
@candacebaker
A car is considered a classic in New Jersey if it's at least 25 years old. When a vehicle in New Jersey meets these requirements, the owner can register it as a historic vehicle, which will limit the car's use. Specifically, classic cars in New Jersey can only be used for exhibition and educational purposes.
Classic Car Qualifications in New Jersey
- At least 25 years old
- Only used for exhibition and educational purposes
Keep in mind that even if your vehicle is registered as a classic car in New Jersey, it might not qualify for classic car insurance from certain companies. Each classic car insurer has its own eligibility requirements, so your car will need to meet those standards in order to qualify.
To learn more, check out WalletHub's guide to the best classic car insurance companies.
People also ask
How much does classic car insurance cost?
Classic car insurance costs less than regular car insurance because a classic spends less time on the road than a vehicle used for commuting or errands. The average classic car insurance policy costs between $400 and $1,000 per year.
Like with any auto insurance policy, each driver’s classic car insurance premium will vary based on individual risk factors such as location, driving history, the driver’s age, and the vehicle’s value. Classic car insurance usually...
read full answer by WalletHub, Financial CompanyHow much is car insurance in New Jersey per month?
Car insurance in New Jersey costs $107 per month or $1,283 per year for minimum coverage, on average. The cheapest car insurance companies in New Jersey are USAA, Central Mutual, and State Farm, and getting quotes from several companies can help you find the best deal.
The average cost of car insurance in New Jersey is 26% lower than the national average auto insurance premium. There are several factors that affect how much you'll pay for...
read full answer by Candace Baker, Car Insurance WriterWhat are the requirements for car insurance in New Jersey?
New Jersey car insurance laws require bodily injury liability coverage of $15,000 per person and $30,000 per accident, as well as $5,000 of property damage liability coverage. State law also requires $15,000 of personal injury protection coverage.
The first two categories - bodily injury liability and property damage liability - cover injuries or damages that you accidentally cause with your car. Your car insurance pays up to a specified limit for each category. If...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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