New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 13 - COLLISION AND COMPREHENSIVE COVERAGE DEDUCTIBLES AND OPTIONS
Section 11:3-13.3 - Deductibles for private passenger automobile collision and comprehensive coverage
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The minimum schedules of deductibles for private passenger automobile collision and comprehensive coverages which each insurer shall offer, pursuant to P.L. 2003, c. 89, 17:29A-39 are as follows:
$ 100.00 | $ 750.00 |
$ 150.00 | $ 1,000 |
$ 250.00 | $ 1,500 |
$ 500.00 | $ 2,000 |
$ 100.00 | $ 750.00 |
$ 150.00 | $ 1,000 |
$ 250.00 | $ 1,500 |
$ 500.00 | $ 2,000 |
(b) In addition to the required schedules in (a) above, an insurer may offer other intermediary ranges of deductibles as well as deductibles which are in excess of $ 2,000.
(c) Insurers may offer actual case value comprehensive coverage.
(d) Where no selection of a deductible in a specific amount for collision and comprehensive coverage is made in writing by an applicant for an initial policy of auto insurance, an insurer shall provide a deductible in a default amount of $ 750.00 each for collision and comprehensive coverage. Insurers shall inform insureds that this default amount will be selected upon the failure to affirmatively select a deductible in a specific amount.