rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114rank-math-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114A bill Gov. Phil Murphy signed into law that raised the minimum liability insurance requirement in New Jersey would raise vehicle insurance rates for 1.2 million New Jersey drivers in the new year.<\/p>\n
Industry insiders say the controversial regulation will increase car insurance by $125 per year. It starts on New Year’s Day.<\/p>\n
Read more<\/strong>:\u00a0News Flash: The New Jersey Senate Has Passed a Bill to Limit Concealed Carry. It Will Now Go to Governor Murphy\u2019s Desk.<\/a><\/p>\n The bill increased liability coverage from $15,000<\/strong> to $25,000<\/strong>. The law raises minimum liability coverage to $35,000<\/strong> in 2026, so drivers will pay extra in three years.<\/p>\n Industry officials predicted the plan would affect 1.1 million drivers during the discussion. The state’s Department of Banking and Insurance, which regulates insurers, projected 1.1 million to 1.2 million vehicles with minimum coverage.<\/p>\n DOBI reports 5,970,000 insured New Jersey private passenger automobiles.<\/p>\n Due to limited coverage, crash victims’ medical expenditures haven’t always been compensated, according to legislative supporters. Read more<\/strong>:\u00a0New Jersey Locals Can Still Claim Between $450 and $1500.<\/a><\/p>\n At the time, Insurance Council of New Jersey vice president Gary LaSpisa estimated the average payout for incidents involving injuries was $18,000<\/strong>. Due to the inevitable increase in 2026, the group withdrew its support for the bill.<\/p>\n In June, Trenton considered the controversial measure.<\/p>\n State Senate President Nicholas Scutari offered six pieces of legislation that opponents said would cost 1.27 million drivers $350 extra a year.<\/p>\n His original proposals required drivers to choose PIP coverage with at least $250,000 in personal injury protection. Another bill would prevent drivers from utilizing private health insurance to pay for personal injury protection coverage in exchange for an auto insurance discount.<\/p>\n He abandoned his ambitious bill package in favor of the modest increase. He defended it when lawmakers were criticized for raising rates on so many drivers.<\/p>\n Scutari, D-Union, called the bill “crazy” during a June committee hearing. \u201cWe tell New Jerseyans what they need, and they get it.
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