For more than a million in New Jersey, new year means higher auto insurance premiums

For more than a million in New Jersey, new year means higher auto insurance premiums

Over one million registered New Jersey drivers will see their insurance rates go up this month after a state law that increases the minimum liability coverage took effect on January 1st.

In August, Governor Phil Murphy signed the Democrat-backed insurance hike into law.

Under the bill, minimum liability coverage amounts increase from $15,000 to $25,00 which translates to about $125 more per year for drivers with minimum liability coverage policies.

The bill was passed among party lines in August in both the state senate and assembly.

Republican Assemblyman Brian Bergen said the bill represented more assaults against the poor and middle class in New Jersey by state Democrats even though New Jersey Republican leader John Bramnick was one of the sponsors of the legislation.