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

This bill increases minimum auto insurance coverage requirements in New Jersey. It raises the minimum bodily injury coverage to $50,000 per person and $100,000 for multiple people injured in an accident. It also increases minimum property damage coverage to $25,000 per accident for standard automobile insurance policies. Basic auto insurance policies will see their property damage coverage raised from $5,000 to $15,000 per accident. These changes apply to all drivers purchasing standard or basic auto insurance policies in New Jersey.