The Basic policy provides $5,000 worth of coverage for damage you may cause to another's property when the accident is your fault. It also provides $15,000 in medical coverage. Unless you purchase additional liability coverage, it does not provide any coverage if you injure someone in an accident that is your fault.

The Basic Policy should be considered by those with few family responsibilities and few real assets. It can provide a transition for younger drivers who are just beginning work, providing a basic, minimum protection when they may be least able to afford more comprehensive coverage. The Basic Policy may be purchased through any New Jersey licensed insurance producer.

If you do not have any bodily injury liability coverage, you are responsible for paying for the pain, suffering and other personal hardships and some economic damages, such as lost wages, that you cause. The insurer will not provide or pay for a lawyer to represent you if you are sued. Your assets will be at risk, including the risk of having money deducted from your wages if a judgment is entered against you. Additionally, the Basic Policy provides Comprehensive and Collision coverage only as an option at an additional cost.