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New Jersey Auto Insurance

Minimum Requirements

Each state IFA serves has different requirements for providing minimum insurance coverage. Insurance Companies In NJ must offer services that provide coverage that meets NJ auto insurance mandates. As such, NJ has two coverage options: a Standard Policy or a Basic Policy. The most common policy chosen is the Standard Policy option.

Standard Policy Minimum Requirements

Insurance companies in NJ must provide the following Standard Policy minimums by law:

Bodily Injury

  • $15,000 for injury or death of an individual per accident
  • $30,000 for all individuals per accident

Property Damage

  • $5,000 for property damage of another individual in an accident that you caused.

Uninsured/Underinsured Motorist (UM/UIM):

  • $15,000 for injury or death of an individual per accident.
  • $30,000 for all individuals per accident.

Personal Injury Protection (PIP):

  • $15,000.

Basic Policy Minimum Requirements

Bodily Injury:

  • Not included, although $10,000 for all individuals per accident is available as an option.

UM/UIM:

  • None is available.

PD:

  • $5,000 (only option).

PIP:

  • $5,000 (only option).

NJ Tort Options

Citizens have the right to recover damages due to an accident, which is known as tort option. NJ auto insurance providers must comply with the following tort options as required by law:

  • Limited right to recover damages (Limited Tort or Verbal Threshold).
  • Full right to recover damages (Full Tort or No Threshold).
 
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