NJ auto insurance rates rise steeply in 2026 - Insurance News | InsuranceNewsNet

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January 25, 2026 INN Insider News
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NJ auto insurance rates rise steeply in 2026

In 2026, rates in New Jersey will increase 10.46%, Value Penguin, a personal finance website, estimated in a study released Jan. 5. Under that law, minimum liability limits that drivers in New Jersey must purchase rose in 2023 from $15,000 to $25,000 per injury, $30,000 to $50,000 per accident and $5,000 to $25,000 per property damage incident.

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