On January 5,1996, N.J.S.A. 17:33B-45.1 (P.L. 1995,
C.308) was signed, authorizing insurance premium
discounts for drivers who successfully completed an
approved Driver Safety course.
On May 22, 1996, the New Jersey Department of
Insurance issued Bulletin No. 96-07 to all insurance
companies writing private passenger policies in New
Jersey, stating that a minimum of five percent
discount would apply to the base rate for Bodily
Injury Liability, Property Damage Liability, Personal
Injury Protection and Collision coverages.
The rate reduction is available for three years or until
a driver accumulates four (4) motor vehicle points or
loses his/her license.
Discounts apply to private passenger automobiles,
with only one discount per vehicle. If the policy
insures two or more vehicles, the discount applies to
the vehicle principally operated by the person who
completes the course.