Auto Insurance Rates Rise, Unemployment Benefits Increase

December 28, 2022 | njspotlightnews.org

Auto insurance rates are going up for more than 1 million New Jersey residents as a law (that went) into effect on Jan. 1 increases the minimum amount of required liability insurance for drivers in the state from $15,000 to $25,000. Supporters of the law argued that car crash victims haven’t been able to have their medical bills fully covered because of low liability insurance coverage. Drivers affected by the new law can expect to pay $125 more a year per car for the higher coverage.

NJ SEED: Each new year seems to bring with it the implementation date for new laws and 2023 is no exception.