Revises personal injury protection coverage for basic automobile insurance policies from $15,000 to $20,000 and requires $50,000 minimum personal injury protection coverage for standard automobile liability insurance policies.*

This bill increases the minimum personal injury protection (PIP) coverage for basic auto insurance policies in New Jersey from $15,000 to $20,000 per person per accident. It also establishes a new $50,000 minimum for PIP coverage in standard auto liability insurance policies. These changes apply to all auto insurance policies issued or renewed after the bill takes effect, directly affecting drivers and insurers in New Jersey. The bill updates coverage amounts without altering the existing benefit structure for medical expenses, lost wages, or essential services.