Auto Insurance Question New Jersey NJ
Reader’s Question:
Is it possible to purchase only 1 month of car insurance in New Jersey?
Lorie
Camden, NJ
Most insurance providers in New Jersey offer insurance for 6 or 12 month terms, but you don’t have to pay it in full at inception. Typically, you make a down payment then make payments. Each states have requirements on the minimum down payment, typically it is 25% of the policy premium.
You can buy car insurance for the shortest term offered and request that it be terminated after 1 month. In most cases, you will have to make this request in writing. It is also possible that you will have to provide additional information and may be subject to an early cancellation fee if you terminate mid term. In some states they have pro-rate cancellation refunding setup.
There is no specific insurer that offers 1 month auto insurance policies. The shortest term is typically six months, but you have the opportunity to terminate the policy.