The standard policy under the NJ law that requires everyone to at least, is the Standard Policy. Under this policy, your liability insurance will have a minimum limit of $15,000 for a single death or injury, $30,000 for death or injury to more than one person, and $5,000 for property damage. You can, and should always, opt for more liability coverage. The standard policy provides for up to $250,000 PIP coverage and underinsured and uninsured motorist coverage. It also allows you to opt for Comprehensive and Collision coverage for additional premiums.