New Jersey hikes truck insurance minimum to $1.5M, higher than most states

Backers of the law declined to answer several questions emailed by FreightWaves regarding the specifics of the law. Various websites tied to insurance companies have differing numbers on what was required previously under New Jersey law, with some hazardous material trucks said to need $5 million in coverage. But most of the reviews of the existing law put the requirements at well under the new mandate of $1.5 million.