Drivers typically see an increase in car insurance rates starting at age 65, according to CarInsurance.com data. The Centers for Disease Control and Prevention reports that older drivers have higher fatal crash rates than those aged 35 to 54.
Even though rates may rise, seniors can still find good car insurance deals. Our guide will help find the most affordable rates for senior drivers in New Jersey and suggest other ways to save on your auto insurance premiums.
- In New Jersey, a 65-year-old driver can expect to pay an average of $1,856 annually for full coverage car insurance.
- In New Jersey, a 70-year-old driver’s car insurance rates are 6% more for full coverage than for a 65-year-old driver.
- A 75-year-old driver in New Jersey pays 11% more a full coverage policy than a 65-year-old driver.
- Reviewing and comparing car insurance quotes every six months or at renewal can help you find the most affordable rates.
Cheapest car insurance companies for seniors in New Jersey
Here are the most affordable full coverage car insurance rates in New Jersey for drivers of different ages:
- Cheapest for seniors, overall: NJM, $102 per month.
- Cheapest for seniors at age 65: NJM, $97 per month.
- Cheapest for seniors at age 70: NJM, $99 per month.
- Cheapest for seniors at age 75: NJM, $112 per month.
Compare cheap car insurance quotes for senior drivers in New Jersey
State minimum car insurance refers to the least amount of coverage that a driver is legally required to have in a particular state. This typically includes liability insurance, which covers bodily injury and property damage to others if you are at fault in an accident. Each state sets its own minimum requirements for coverage limits.
Liability car insurance with limits of 50/100/50 means:
- $50,000 per person for bodily injury
- $100,000 per accident for bodily injury per accident
- $50,000 per accident for property damage
A liability policy covers expenses for injuries and damages you cause to others in an accident, but not your own injuries or vehicle damage.
Full coverage insurance with limits of 100/300/100 includes higher liability limits:
- $100,000 per person for bodily injury
- $300,000 per accident for bodily injury to multiple people
- $100,000 per accident for property damage
Full coverage also typically includes:
- Collision coverage: Pays for damages to your car from a collision.
- Comprehensive coverage: Covers damages to your car from non-collision events (e.g., theft, fire, vandalism).
Full coverage ensures you are covered for a wide range of incidents, both for your liability to others and for your own vehicle’s damage.
Below are the cheapest New Jersey rates the major car insurance companies offer for three different coverage levels: The state minimum, liability-only coverage with limits of 50/100/50 and full coverage car insurance with liability limits of 100/300/100.
Select your age and type of coverage below to see the average annual and monthly rates.
| Company Name | Avg. Annual Premium | Avg. Monthly Premium |
|---|---|---|
- Full coverage: 100/300/100 liability with $500 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
Why do car insurance rates increase for senior drivers in New Jersey?
As drivers age, car insurance typically becomes more expensive. This is largely because statistics reveal that seniors, on average, are more involved in accidents than younger drivers, excluding teenagers, according to the Insurance Institute for Highway Safety.
Despite decades of driving experience, older drivers face age-related problems like hearing or vision loss, slower reflexes, side effects from medication and other health concerns that make driving more challenging.
The CDC found that drivers older than 70 have higher crash death rates per 1,000 crashes than drivers aged 35-54 and NHTSA statistics show that senior drivers 65 and older were involved in 13% of fatal accidents in 2020, which is up 26% from 2011.
In addition, older drivers are more likely to need medical treatment even after a minor accident, and steep hospital expenses contribute to an overall increase in insurance rates.
“Unfortunately, as we move past middle age, the odds of being more severely injured or dying in a car crash increase significantly,” says Carole Walker, executive director at Rocky Mountain Insurance Association.
“Statistically, older drivers have a higher risk of causing a crash, but an even bigger factor adding to higher car insurance bills are common health problems that make them more prone to being hurt and incurring medical bills – even in low-speed or less serious crashes,” she says.
This leads to higher car insurance costs. CarInsurance.com’s data show that premiums rise for most senior drivers starting in their mid-60s and keep increasing. In New Jersey, a full coverage policy costs an average of $1,856 for a 65-year-old driver, while a 70-year-old driver pays $1,968.
In New Jersey, 70-year-old drivers pay 6% more for full coverage than 65-year-olds and 75-year-olds pay 11% more for a full coverage policy, based on CarInsurance.com data.
Find below the annual average rate increases for senior drivers in New Jersey by age and different coverage limits.
| Age | State minimum | Liability only | Full coverage |
|---|---|---|---|
| 65 | $848 | $904 | $1,856 |
| 70 | $877 | $950 | $1,968 |
| 75 | $941 | $1,021 | $2,087 |
Coverage types:
- Full coverage: 100/300/100 liability with $500 comp/coll deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage only
Find out how much insurance costs for seniors
Cheapest car insurance for seniors with tickets in New Jersey
A speeding ticket or other moving violation will increase your insurance rates regardless of age. Insurers rely on statistics, which indicate that drivers with a ticket are more likely to be involved in an accident that could lead to a claim.
While the increase will vary by the insurance company, according to CarInsurance.com, New Jersey, drivers can expect their rates to go up 49% after a speeding ticket that is 1-29 mph over the limit.
Seniors with a speeding ticket or minor moving violation should expect to pay more for coverage. According to our analysis, the best insurance companies for seniors with tickets are mentioned below.
| Company | Annual rates with 1 speeding ticket | Monthly rates with 1 speeding ticket |
|---|---|---|
| NJM | $1,511 | $126 |
| Plymouth Rock Assurance | $2,258 | $188 |
| Travelers | $2,538 | $212 |
| Allstate | $3,188 | $266 |
| Progressive | $3,459 | $288 |
| State Farm | $3,472 | $289 |
| Farmers | $3,569 | $297 |
Compare senior car insurance rates in neighboring states
Cheapest car insurance for seniors with DUIs in New Jersey
A DUI is a serious driving violation; your insurance rates will soar once it hits your driving record. In most cases, your insurance premium will double if you have a DUI. According to CarInsurance.com in some states, the increase can be as much as 92% after your first DUI. If you manage to rack up a second DUI, the increase could be as much as 159%.
Getting affordable coverage (or any coverage) becomes challenging after a DUI, but our data show these are some affordable insurers for seniors with a DUI in New Jersey:
| Company | Annual rates with DUI first offense | Monthly rates with DUI first offense |
|---|---|---|
| NJM | $1,511 | $126 |
| Plymouth Rock Assurance | $2,198 | $183 |
| Travelers | $2,786 | $232 |
| Progressive | $3,101 | $258 |
| Geico | $3,197 | $266 |
| Allstate | $3,374 | $281 |
| Farmers | $4,022 | $335 |
| State Farm | $8,180 | $682 |
Cheapest car insurance for seniors after an accident in New Jersey
Similar to a ticket or DUI, an accident on your record will lead to higher insurance rates. Although the exact increase depends on the insurer, data show drivers can expect a 89% hike in premiums after an at-fault accident with property damage over $2,000.
Typically, the premium increase remains for three to five years, making it essential to find an affordable insurer. According to our data, the following companies provide the cheapest car insurance for seniors in New Jersey after an accident.
| Company | Annual rates with 1 at-fault accident | Monthly rates with 1 at-fault accident |
|---|---|---|
| NJM | $1,255 | $105 |
| Geico | $2,168 | $181 |
| Plymouth Rock Assurance | $2,643 | $220 |
| Travelers | $2,913 | $243 |
| State Farm | $3,414 | $285 |
| Progressive | $4,401 | $367 |
| Farmers | $4,788 | $399 |
| Allstate | $5,100 | $425 |
How can seniors save on car insurance in New Jersey?
Auto insurance for seniors can be expensive, but there are ways to save. The following are easy ways to reduce your premiums:
- Shop around: Shopping regularly for car insurance – every six months or yearly around renewal time – can ensure you have the best price.
- Raise your deductible: Increasing your deductible from $500 to $1,000 can save you a bit of money every month – but make sure you have the necessary funds to cover the higher deductible.
- Ask about discounts: Discounts – bundling with homeowners insurance, loyalty discounts and discounts for years of being licensed – are a great way to save on your car insurance. More on discounts below.
Editor’s Tip:Take a senior driving course: With an approved defensive driving course, seniors can save up to 3% on their car insurance in New Jersey. The American Automobile Association(AAA) and AARP offer defensive driving courses for senior drivers in New Jersey.
Car insurance discounts for senior drivers in New Jersey
Seniors can take advantage of these car insurance discounts to reduce their insurance costs.
| Discount type | Potential annual savings |
|---|---|
| Air bags | 4% |
| Anti-theft device | 1% |
| Days advanced purchase | 7% |
| Defensive driver | 3% |
| Education | 3% |
| Electronic funds transfer | 3% |
| Electronic signature | 10% |
| Homeowner | 10% |
| Lower annual mileage | 4% |
| Loyalty – years renewal with company | 9% |
| Marital status | 4% |
| Multi policy | 9% |
| Paperless/electronic documents | 2% |
| Payment type | 5% |
| Primary use | 7% |
| Profession | 8% |
| Purchase status | 10% |
| Safety devices | 4% |
| Telematics | 8% |
| Vehicle ownership | 20% |
| Years insured | 24% |
| Years licensed | 28% |
Choosing the cheapest and best car insurance for seniors in New Jersey
Senior drivers pay higher premiums than young adult drivers (excluding teens, of course). To find an affordable policy, assess your needs and determine the right amount of coverage.
When comparing insurance options, consider the cost, customer service and discounts offered. Search for the best auto insurance companies with affordable rates and user-friendly websites or apps.
FAQ: Cheap car insurance for seniors in New Jersey
Who has the cheapest state minimum auto insurance for seniors in New Jersey?
Our data show that NJM provides the cheapest state minimum auto insurance for seniors in New Jersey, at around $543 per year. Geico and Plymouth Rock Assurance also rank highly for affordable state minimum coverage for seniors in New Jersey.
Which companies offer the cheapest liability car insurance for seniors in New Jersey?
NJM offers the cheapest liability car insurance for senior drivers in New Jersey, with an average annual premium of $543. According to a CarInsurance.com data analysis, Geico and Plymouth Rock Assurance also provide cheap liability insurance for seniors in New Jersey.
Does State Farm offer a senior discount in New Jersey?
State Farm does not offer a senior discount in New Jersey, but it provides many discounts that seniors can use to lower their premiums. It includes discounts for defensive driving courses, safe driving, long-term customer loyalty, bundling policies and advanced safety feature discounts.
Bottom line
NJM is the cheapest for senior drivers in New Jersey. To find the best car insurance rates, seniors should shop around and compare quotes online from various insurers. They can also qualify for discounts by taking defensive driving courses or bundling their car insurance with other types of coverage.
Check out how to shop for car insurance for seniors
Resources & Methodology
Additional Resources
There are several resources available for older drivers who want to stay safe behind the wheel and save on their insurance premiums:
- American Automobile Association: AAA helps senior drivers to continue driving for as long and safely as possible.
- AARP (American Association of Retired Persons): AARP’s smart driver program helps senior drivers to learn proven driving techniques and save money on car insurance.
- National Institute on Aging: The NIA provides tips to senior drivers about health and driving and offers free publications to aging seniors to answer health-related queries.
- Fitness-to-Drive Screening Measure Online: This web-based tool helps family members identify at-risk drivers.
- Eldercare Locator: Helps senior drivers maintain their independence, and provides information about highway safety for aging drivers and services.
Sources:
- Centers for Disease Control & Prevention. “Older Adult Drivers.” Accessed March 2025.
- Insurance Institute for Highway Safety. “Fatality Facts 2021 Older People.” Accessed March 2025.
- National Safety Council. “Motor Vehicle: Age Group Comparisons.” Accessed March 2025.
- National Highway Traffic Safety Administration “U.S. Department of Transportation’s Fatality Analysis Reporting System (FARS).” Accessed March 2025.
Methodology
CarInsurance.com gathered car insurance rates for senior drivers from Quadrant Information Services. The rates are for a full coverage policy with limits 100/300/100 and a $500 comprehensive and collision deductible based on sample profiles of 65, 70 & 75 year old male and female drivers with clean driving records. We have compared 53,409,632 car insurance quotes across 34,588 ZIP codes from 170 national and regional car insurance companies.
To determine car insurance rates for senior drivers with a history of traffic violations, CarInsurance.com used a sample profile of a 65-year-old driver who owns a Honda Accord LX. We have compared 50,73,544 insurance quotes from 138 companies across 1,468 ZIP codes.
Car insurance rates are calculated by evaluating the sample profile of a 65-year-old male and female driver with the following incidents applied
- One at-fault property damage accident over $2K
- One at-fault property damage accident under $2K
- At-fault bodily injury accidents
- DUI/DWI first offense.
- Speeding ticket (1-10 MPH over the limit,11-29 MPH over the limit & 30+ over limit)
These are sample rates and should only be used for comparison purposes.
Note: USAA is only available to military community members and their families.
Get advice from an experienced insurance professional. Our experts will help you navigate your insurance questions with clarity and confidence.
Browse all FAQs