Raises minimum amounts of property damage liability, uninsured motorist, and underinsured motorist coverage for certain automobile insurance policies.

This bill (A 280) raises minimum insurance coverage requirements for New Jersey auto policies. It increases the required liability limits for bodily injury/death from $15,000/$30,000 to $50,000/$100,000 per accident, and raises property damage coverage from $5,000 to $25,000 per accident. The bill also increases the minimum uninsured/underinsured motorist coverage limits to $250,000 per person/$500,000 per accident for bodily injury and $100,000 per accident for property damage. These changes apply to standard auto insurance policies for all vehicle owners registered or garaged in New Jersey.