New Jersey Senate Bill S472

New Jersey 2026-2027 Regular Session

• Introduced: 1/13/26
• Refer: 1/13/26

Caption

Lowers minimum amount of uninsured and underinsured motorist coverage for transportation network companies and transportation network company drivers.

Impact

If enacted, S472 would lower the minimum coverage from $1,500,000 to $25,000 for injuries or deaths of a single person involved in an accident while providing a prearranged ride from 2023 to 2026, gradually increasing to $35,000 after that date. Similar adjustments would be made for multiple persons injured or for property damage claims. This bill is expected to significantly impact the insurance market for TNCs, potentially making it more affordable for drivers to operate under TNC platforms, thereby encouraging more individuals to participate in the ride-sharing economy.

Summary

Senate Bill S472 seeks to amend existing laws regarding uninsured and underinsured motorist coverage for transportation network companies (TNCs) and their drivers. The primary change proposed by the bill is the significant reduction in the minimum required amount of uninsured and underinsured motorist coverage that TNC drivers must maintain while providing prearranged rides. This provision aims to lower the financial burden on both TNCs and their drivers in terms of insurance premiums, which has been a point of contention for many involved in the ride-sharing economy.

Contention

However, the bill has sparked debates concerning safety and consumer protection. Some lawmakers and safety advocates are concerned that lowering the coverage limits could leave passengers and other road users inadequately protected in the event of serious accidents. Critics argue that the proposed limits are too low, undermining the financial security of riders and other motorists who may be affected by accidents involving TNCs. The discussions surrounding S472 indicate a division in opinions on how best to balance affordability for drivers with necessary protections for the public.