Signed by Governor Phil Murphy

Vote Smart's Synopsis:

Vote to pass a bill that requires automobile insurance policies to provide a minimum amount of liability coverage.

Highlights:

• Increases car insurance coverage limits for bodily injury and death; $25,000 limit beginning Jan. 1, 2023, $35,000 limit beginning Jan. 1, 2026 (Page 1).

• Authorizes recovery of damage from owners or operators underinsured motor vehicles (Page 1).

• Increases damages limit to $25,000 beginning Jan. 1, 2023 (Page 2).

• Amends other provisions relating to motor vehicle insurance; increases limits (Page 4).

• Requires notification of insured regarding such limit increases (Page 5).

• Authorizes Act to take immediate effect (Page 6).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that requires automobile insurance policies to provide a minimum amount of liability coverage.

Highlights:

• Increases car insurance coverage limits for bodily injury and death; $25,000 limit beginning Jan. 1, 2023, $35,000 limit beginning Jan. 1, 2026 (Page 1).

• Authorizes recovery of damage from owners or operators underinsured motor vehicles (Page 1).

• Increases damages limit to $25,000 beginning Jan. 1, 2023 (Page 2).

• Amends other provisions relating to motor vehicle insurance; increases limits (Page 4).

• Requires notification of insured regarding such limit increases (Page 5).

• Authorizes Act to take immediate effect (Page 6).

Full Bill Text