Final answer:
The question asks about fines for a second offense of failing to maintain auto insurance in New Jersey, but the provided material doesn't specify fine amounts. Instead, the material explains how insurance premiums are used to cover accident costs, emphasizing the importance of maintaining auto insurance.
Step-by-step explanation:
The original question poses a query about the consequences for New Jersey drivers facing a second conviction of failing to maintain auto insurance. While the given reference material does not directly answer the question about fines, it does provide insight into how auto insurance works and why it is necessary. Here's an explanation using an example from the provided material:
Consider a group of 100 drivers. Each driver pays an annual premium of $1,860. This means the insurance company collects a total of $186,000 from these premiums. The reason for this collection is to cover the costs of accidents that the drivers may incur throughout the year.
For example, if 60 drivers have minor damages costing $100 each, 30 drivers have medium-sized accidents costing $1,000 each, and 10 drivers have major accidents costing $15,000 each, the total cost of accidents will be $186,000, which is effectively covered by the annual premiums collected.
Having auto insurance is not only a legal requirement but also a financial safety net for drivers. This underscores the importance of maintaining auto insurance and the potential financial repercussions, such as fines, for not doing so.