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.
- The average car insurance cost for a 65-year-old driver in New Jersey is $1,856 per year for a full coverage policy.
- A 70-year-old driver in New Jersey pays 6% more for full coverage than a 65-year-old driver, based on CarInsurance.com research.
- In New Jersey, a 75-year-old driver pays for a full coverage policy 11% more a 65-year-old driver.
- Shopping around for car insurance in New Jersey – every six months or annually around renewal time can help you get the best rate.
Cheapest car insurance companies for seniors in New Jersey
Below are the cheapest, full-coverage car insurance rates in New Jersey for drivers at various 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, find the cheapest car insurance rates in New Jersey from major insurers for three coverage levels: state minimum, liability-only with limits of 50/100/50 and full coverage with 100/300/100 limits.
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.
While older drivers usually have decades of experience under their belt, they often suffer from age-related hearing or vision loss, slower reflexes, side effects from medicines and other health issues that can make driving more difficult.
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.
All of this leads to higher car insurance rates. Car insurance premiums go up for most senior drivers in their mid-60s, according to CarInsurance.com data analysis, and then continue to climb. The average car insurance cost for a 65-year-old driver in New Jersey is $1,856 for a full coverage policy. Drivers age 70 pay $1,968 for the same coverage.
CarInsurance.com found that 70-year-old drivers pay 6% more for full coverage than 65-year-old drivers in New Jersey, and 75-year-old drivers pay 11% more for a full coverage policy.
The table below shows the annual average rate increase for senior drivers by age in New Jersey for different coverage levels:
| 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 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
Find out how much insurance costs for seniors
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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.
The rate increase will vary by insurance company, but New Jersey drivers can expect a 49% rise in their premiums after receiving a speeding ticket for going 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 |
Cheapest car insurance for seniors with DUIs in New Jersey
A DUI is a serious offense and your insurance rates will skyrocket once it appears on your driving record. Typically, your insurance premium will double after a DUI. According to our data, in some states, the increase can be as high as 92% after your first DUI. If you get a second DUI, the insurance rates could increase by 159%.
Getting affordable coverage (or any coverage) becomes challenging after a DUI, but our data show the companies below are the best 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 rates by state for senior drivers
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Our apologies, we cannot display the data due to availability or spelling errors. Please check the spelling and try again. For assistance, reach out us via Cheapest car insurance for seniors after an accident in New Jersey
Just like a ticket or DUI, having an accident on your driving record will push up your insurance rates. The increase will vary by insurance company but according to our data, drivers should expect their premium to jump 89% with one at-fault accident with property damage over $2,000.
The increase will typically stay in place for three to five years, so it’s important to find the most affordable insurance company. Our data shows that the following insurers offer the cheapest car insurance for seniors after an accident in New Jersey.
| 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 costly, but there are several ways to save. Here are some simple ways to lower your premiums:
- Shop around: Regularly comparing car insurance rates – every six months or annually when it’s time to renew – can help you secure the best deal.
- Raise your deductible: Raising your deductible from $500 to $1,000 can save you money each month, but ensure you have the funds available to cover the higher deductible if needed.
- Ask about discounts Bundling with homeowners insurance, loyalty discounts and discounts for years of being licensed are great ways to save on car insurance. Find more details 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
Here are some car insurance discounts to help seniors lower their insurance costs. See how much seniors can save, on average, in the table below.
| 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, except teen drivers, shell out higher premiums than younger adult drivers. If you are looking for an affordable policy, carefully evaluate your needs and decide the amount of coverage to purchase. While shopping for insurance, consider the price, customer service and the discounts they offer.
Find the best auto insurance companies online to see which carrier provides affordable rates and easy-to-use 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?
According to our data, NJM offers the cheapest state minimum auto insurance for seniors in New Jersey at about $543 a year, on average. Geico and Plymouth Rock Assurance also scored high when it comes to cheap state minimum insurance coverage for seniors in New Jersey.
Which companies offer the cheapest liability car insurance for seniors in New Jersey?
NJM has the cheapest liability car insurance coverage for senior drivers in New Jersey at an average annual premium of $543. Geico and Plymouth Rock Assurance also offer cheap liability insurance rates to seniors in New Jersey, based on CarInsurance.com data analysis.
Does State Farm offer a senior discount in New Jersey?
State Farm does not currently offer a senior discount in New Jersey, but it does offer quite a few deals that seniors can use to lower their premiums. This includes discounts for taking a defensive driving course, a safe driving discount, long-term customer, bundling and discounts for advanced safety features on your vehicle.
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 November 2024.
- Insurance Institute for Highway Safety. “Fatality Facts 2021 Older People.” Accessed November 2024.
- National Safety Council. “Motor Vehicle: Age Group Comparisons.” Accessed November 2024.
- National Highway Traffic Safety Administration “U.S. Department of Transportation’s Fatality Analysis Reporting System (FARS).” Accessed November 2024.
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.
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