Requires automobile insurance policies to provide uninsured and underinsured motorist coverage equal to policy liability limits of insured motorists.

This bill (S 2293) requires all standard auto insurance policies in New Jersey to include uninsured and underinsured motorist coverage with limits equal to the policyholder’s liability coverage for bodily injury and property damage. It sets specific minimum coverage amounts that increase over time (e.g., $15,000/$30,000 for bodily injury for policies before 2023, rising to $35,000/$70,000 by 2026) and mandates that property damage coverage must also match liability limits with a $500 deductible per accident. The bill directly affects auto insurance policyholders, insurers, and individuals injured by drivers without sufficient coverage, ensuring coverage limits align with liability protections. It prohibits stacking multiple policies for higher limits and clarifies definitions for "uninsured" and "underinsured" vehicles.