CarInsurance.com Insights
- Car insurance calculator is a valuable tool in estimating the cost of car insurance in New Jersey.
- The average annual cost of a full coverage policy in New Jersey with liability limits of 100/300/100 is $1,902 or $159 per month.
- Minimum liability coverage in New Jersey costs around $853 per year, based on CarInsurance.com’s data analysis.
When it comes to estimating the cost of car insurance in New Jersey, personal factors like your age, driving record, ZIP code and the type of vehicle you own or drive matter.
CarInsurance.com’s car insurance rate calculator takes basic details into account to give you a rate estimate in New Jersey at three different coverage levels – full coverage (with limits of 100/300/100), liability only (with limits of 50/100/50) and the state minimum. See your average insurance rates in the calculator below.
Car insurance calculator New Jersey: How to get auto insurance estimates
CarInsurance.com editors recommend comparing quotes from at least three different car insurance companies when your policy is up for renewal. You can use online quoting tools to find car insurance estimates.
Every insurance company uses its own unique rating system, meaning they assess factors like age or driving history differently. For example, if you get a ticket, one insurer might raise your premium by 5%, while another could increase it by 20%.
What factors affect car insurance estimates in New Jersey?
The biggest variation in insurance estimates from state to state depends on the state law. Tort insurance law varies from no-fault insurance law. Tort insurance law operates on the principle that the person responsible for causing an accident is liable for the damages. This often leads to litigation to determine fault and the extent of damage.
On the contrary, no-fault insurance laws, adopted in several U.S. states, simplify this process by mandating each party’s insurance company to cover their clients’ bodily injury losses, regardless of who caused the accident.
Learn more: The 10 most important factors that affect car insurance rates
Calculate new car insurance rates in New Jersey by car model
Whenever you’re in the market for a new vehicle, it’s important to get car insurance quotes to include that expense in your overall budget. If affordability is your priority, vehicles with smaller engines and enhanced safety features tend to have lower insurance costs. On the other hand, sports cars and luxury vehicles come with higher insurance premiums.
| Vehicle type | Average annual rates |
|---|---|
| Convertible | $2,722 |
| Electric | $2,640 |
| Hatchback | $2,025 |
| Hybrid | $2,301 |
| Luxury Car | $2,986 |
| Luxury SUV | $2,577 |
| Minivan | $2,023 |
| Performance SUV | $3,016 |
| Sedan | $2,170 |
| Sports Car | $3,100 |
| Station Wagon | $2,435 |
| SUV | $1,984 |
| Truck | $2,098 |
| Van | $1,802 |
“The best way to get car insurance quotes is to comparison shop – making sure you are comparing apples to apples. The internet is a great resource to compare insurance products – be sure to line up the exact dollar coverage and any riders included as well,” says James Brau, Joel C. Peterson professor of finance at Brigham Young University’s Marriott School of Business. “If you’re calling specific insurance companies, have them email written quotes to make sure there is no misunderstanding. Oftentimes, lower-cost insurance quotes don’t offer as much protection as higher-priced premiums, so it is an exercise in comparing apples to oranges.”
You can estimate your car insurance rates in New Jersey by entering your vehicle’s make and model into the calculator below.
Insurance rates by car model
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New Jersey car insurance estimates for used cars
Car insurance estimates for used cars in New Jersey are typically lower than new vehicles. Insurance rates can vary based on the car’s age, make, model and driving history. It’s important to compare quotes from multiple insurers to find the most affordable coverage for your used car in New Jersey.
Use the calculator below to determine your car insurance rates for used cars in New Jersey, depending on your vehicle’s make and model.
Average insurance rates for your used car
Calculate your used car insurance coverage needs in a few simple steps
FAQ: How to estimate car insurance rates before buying a car in New Jersey
How much auto insurance do I need in New Jersey?
The amount of car insurance you need depends on various factors, including your financial situation, the value of your vehicle, and your risk tolerance. If your car is leased or financed, your lender may require comprehensive and collision coverage when paired with liability, this is known as full coverage.
Each state has different minimum insurance requirements, including New Jersey. But keep in mind that minimums are merely that – and are rarely enough financial protection in the event of a serious car accident.
| Requirements | Coverage limits |
|---|---|
| Minimum bodily injury liability | $25,000 per person, $50,000 per accident |
| Minimum property damage liability | $25,000 per accident |
How much does car insurance cost in New Jersey per month?
New Jersey car insurance estimate for full coverage comprises collision, comprehensive and liability with 100/300/100 and cost $159 per month. For the state minimum liability, it’s $71, and $76 for a liability policy with limits of 50/100/50.
Does your age impact how much you pay for insurance in New Jersey?
In New Jersey, young drivers often pay higher car insurance premiums because they have less driving experience and are statistically more prone to accidents. Insurance providers take this data into account when determining the risk, which results in higher rates for younger drivers.
Young drivers are also more likely to participate in risky activities such as speeding and distracted driving, which affects car insurance premiums.
Calculate car insurance rates in your neighboring states
Resources & Methodology
Methodology
CarInsurance.com editors collected rates from Quadrant Information Services for a 40-year-old male with a good insurance score and a 12-mile commute. The rates are for a full coverage policy with limits of 100/300/100 and a $500 deductible.
We analyzed 28,561,720 insurance quotes for 1,439 makes and models from 58 national and regional insurance companies across 510 ZIP codes.
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