- According to recent data, NJM offers the cheapest full coverage car insurance in New Jersey at $198 per month.
- In New Jersey, the city of Trenton has the most affordable car insurance rates at $3,377 annually.
- Comparing price quotes from multiple insurers can help you save up to 24% per year on your car insurance policy in New Jersey.
The cheapest car insurance in New Jersey costs $198 per month for a full coverage policy from NJM. That’s a $62 savings from the average cost of insurance in the state, which is $260 a month.
“Drivers looking to get the cheapest insurance premiums in New Jersey should maintain continuous coverage and avoid any lapse. When it comes to shopping for a new insurance company, discounts may be applied if the drivers have maintained continuous coverage, which will help lower the annual premium,” says Lauren McKenzie, senior insurance agent, A Plus Insurance.
To help you find the cheapest rates, CarInsurance.com analyzed rates from multiple auto insurance companies in New Jersey including Geico, Progressive, State Farm and others, so that you can easily compare car insurance rates.
Which company offers the cheapest car insurance in New Jersey?
NJM offers the cheapest car insurance rates in New Jersey for a full coverage policy with an average premium of $198 per month or around $2,373 per year, based on CarInsurance.com’s rate analysis.
A full coverage policy includes liability insurance, which is required by law in most states and optional coverage such as comprehensive and collision insurance, which typically have a deductible.
The below table shows the cheapest quotes in New Jersey by different insurance carriers for a full coverage policy.
Cheapest car insurance rates in New Jersey per month
| Company | Full coverage monthly rates |
|---|---|
| NJM | $198 |
| Travelers | $210 |
| GEICO | $216 |
| Farmers | $227 |
| Progressive | $256 |
| Allstate | $276 |
| State Farm | $333 |
| Plymouth Rock Assurance | $378 |
Who pays a lower insurance premium in New Jersey?
Car insurance quotes vary based on several factors such as your age, location, driving record, credit score, driving habits and vehicle. Some insurance companies may offer cheaper policies for certain types of drivers than others. For instance:
- Married drivers pay 8% less than single drivers.
- New Jersey drivers in their 20s pay 63% lower rates for insurance than a 16-year-old in New Jersey.
- Adding a teen to your policy will cost you 52% less than having the teen purchase their own auto insurance policy.
- Drivers who are licensed for three or more years pay 41% less on their insurance premiums.
- Drivers insured for three or more years can save up to 34% on their insurance costs.
Cheapest New Jersey companies for different coverage levels
Full coverage car insurance provides comprehensive protection for your vehicle. It typically includes liability coverage, collision coverage and comprehensive coverage, which safeguards against many incidents beyond accidents, such as theft or natural disasters.
There are cheaper options, such as liability-only and state minimum policies. These types of insurance only provide coverage for the other party in an at-fault accident up to the limits of the policy.
Not all insurers offer the same coverage limits at the same price point. For instance:
- GEICO is the cheapest for a state minimum policy.
- GEICO has the cheapest rates for a liability-only policy (50/100/50).
- NJM offers the cheapest car insurance for a full coverage policy (100/300/100) in New Jersey.
The numbers above (100/300/100) represent up to $100,000 for medical bills per person, with a $300,000 cap per accident and up to $100,000 to repair other drivers’ cars and property that you damage.
Cheapest state minimum coverage in New Jersey
State laws require all drivers to maintain a minimum level of car insurance coverage, also known as the state’s minimum coverage requirements. In New Jersey, you must have at least the following insurance coverage on your car.
| Minimum coverage | Minimum limit |
|---|---|
| Minimum bodily injury liability | $35,000/$70,000 |
| Minimum property damage liability | $25,000 |
Read more about the minimum liability car insurance requirements by state
Below, you’ll see average annual rates for major insurance providers in New Jersey, ranked from cheapest to most expensive for state minimum coverage.
| Company | State minimum annual rates |
|---|---|
| GEICO | $846 |
| NJM | $1,108 |
| Farmers | $1,188 |
| Allstate | $1,355 |
| Progressive | $1,370 |
| Travelers | $1,514 |
| Plymouth Rock Assurance | $1,579 |
| State Farm | $2,310 |
Cheapest liability-only coverage in New Jersey
Your liability-only coverage will cover the cost of property damage or bodily injury you cause in an accident, up to the policy limits.
Below, you’ll see average annual rates for major insurance providers in New Jersey, ranked from cheapest to most expensive for liability insurance coverage. The coverage limit for the below-mentioned rates is $50,000 for bodily injury per person, $100,000 for bodily injury per accident and $50,000 for property damage.
| Company | Liability only annual rates |
|---|---|
| GEICO | $1,057 |
| NJM | $1,108 |
| Farmers | $1,126 |
| Progressive | $1,460 |
| Allstate | $1,499 |
| Travelers | $1,595 |
| Plymouth Rock Assurance | $1,838 |
| State Farm | $2,490 |
Cheapest full coverage car insurance in New Jersey
A full-coverage car insurance policy typically includes comprehensive and collision coverage, offering protection against accidents, theft, vandalism and damage from natural disasters.
In an ideal scenario, having full coverage means having a policy that aligns with your income, assets and risk profile. Lenders typically mandate full coverage for individuals financing their vehicles.
The following table lists the average annual rates of major insurance companies in New Jersey from the cheapest to the most expensive. These rates are for a full coverage policy with limits of $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage.
| Company | Full coverage annual rates |
|---|---|
| NJM | $2,373 |
| Travelers | $2,522 |
| GEICO | $2,597 |
| Farmers | $2,726 |
| Progressive | $3,069 |
| Allstate | $3,311 |
| State Farm | $3,997 |
| Plymouth Rock Assurance | $4,534 |
Learn more about who has the cheapest full coverage auto insurance
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Cheapest car insurance in New Jersey by driving history
In New Jersey, driving history significantly impacts car insurance costs. Insurance companies use this information to evaluate the risk of insuring a driver. Drivers with clean records pose less risk, leading to lower premiums.
Insurance companies consider traffic violations like speeding tickets, DUIs and at-fault accidents as indicators of risky driving behavior. So, they charge higher premiums to drivers with these violations on their record.
In New Jersey, drivers with a history of such violations typically pay $2,183 more annually than drivers with clean records.
Cheap car insurance rates after a speeding ticket in New Jersey
If you’ve got a speeding ticket on your New Jersey driving record and need affordable car insurance, NJM might be the answer. With an average annual rate of $3,156 , NJM offers the cheapest full coverage auto insurance options for drivers with speeding tickets in New Jersey.
| Company | Rates before speeding | After speeding (1-29 mph over limit) | % difference | $ difference |
|---|---|---|---|---|
| NJM | $2,373 | $3,156 | 33% | $783 |
| GEICO | $2,597 | $3,416 | 32% | $819 |
| Travelers | $2,522 | $3,748 | 49% | $1,226 |
| Progressive | $3,069 | $3,985 | 30% | $916 |
| Allstate | $3,311 | $4,697 | 42% | $1,386 |
| Plymouth Rock Assurance | $4,534 | $5,372 | 18% | $838 |
| Farmers | $2,726 | $5,531 | 103% | $2,805 |
| State Farm | $3,997 | $8,227 | 106% | $4,230 |
Cheapest car insurance in New Jersey after a DUI conviction
NJM offers the cheapest car insurance to New Jersey drivers with a DUI conviction at $3,156 per year and Progressive has the second-cheapest insurance premiums at $3,561 a year, based on recent data.
| Company | Rates before DUI | Rates after a DUI | % difference | $ difference |
|---|---|---|---|---|
| NJM | $2,373 | $3,156 | 33% | $783 |
| Progressive | $3,069 | $3,561 | 16% | $492 |
| GEICO | $2,597 | $3,784 | 46% | $1,187 |
| Travelers | $2,522 | $4,128 | 64% | $1,606 |
| Allstate | $3,311 | $4,970 | 50% | $1,659 |
| Plymouth Rock Assurance | $4,534 | $5,372 | 18% | $838 |
| Farmers | $2,726 | $8,975 | 229% | $6,249 |
| State Farm | $3,997 | $16,203 | 305% | $12,206 |
Cheap car insurance companies in New Jersey after an at-fault accident
The car insurance company with the cheapest driver rates after an at-fault accident is NJM, at $2,585 a year.
On the other hand, GEICO offers the second-cheapest full-coverage car insurance rates for drivers with a history of at-fault accidents at an average annual premium of $3,716 .
When you are responsible for an accident, it can have a significant impact on your insurance premiums. Insurance companies generally consider at-fault accidents an indicator of increased risk, which leads to increased premiums.
| Company | Rates before accident | Rates after accident | % difference | $ difference |
|---|---|---|---|---|
| NJM | $2,373 | $2,585 | 9% | $212 |
| GEICO | $2,597 | $3,716 | 43% | $1,119 |
| Travelers | $2,522 | $4,363 | 73% | $1,841 |
| Progressive | $3,069 | $5,109 | 66% | $2,040 |
| Plymouth Rock Assurance | $4,534 | $5,626 | 24% | $1,092 |
| State Farm | $3,997 | $6,702 | 68% | $2,705 |
| Allstate | $3,311 | $7,409 | 124% | $4,098 |
| Farmers | $2,726 | $8,363 | 207% | $5,637 |
Check out the most affordable insurance options in your neighboring state
Which cities in New Jersey have the lowest auto insurance rates?
Your car insurance company sets your rates based on many factors. One of the most important is where you live. Companies look at the number and cost of car insurance claims in your area to determine how risky it is to insure you.
The city with the lowest auto insurance rates in New Jersey is Trenton, at $3,377 per year.
Insurance companies use data about thefts, collisions and vandalism to decide how likely it is for one of these things to happen in your city. Insurers also consider your driving record, the type of car you drive and your car’s age to determine your premiums.
Below is a list of cities in New Jersey with the lowest auto insurance rates.
| City | Full coverage annual rates |
|---|---|
| Trenton | $3,377 |
| Clifton | $3,643 |
| Jersey City | $3,738 |
| Bayonne | $3,752 |
| Camden | $3,807 |
| Paterson | $3,951 |
| East Orange | $3,979 |
| Elizabeth | $4,003 |
| Passaic | $4,028 |
| Newark | $4,142 |
A detailed guide on the 10 most important factors that influence car insurance rates
Average savings on car insurance in New Jersey
If you compare car insurance quotes, you could enjoy an annual saving of around 24% on a full coverage policy in New Jersey.
While the actual savings may differ for each person, comparing price quotes before buying a policy can help you find affordable insurance.
Car insurance discounts in New Jersey: Save on premiums
In New Jersey, car insurance companies offer various discounts to drivers, such as safe driver and bundling discounts to help you save on your premiums. Learn more about some common car insurance discounts in New Jersey below.
| Discount type | % difference | $ difference |
|---|---|---|
| Air Bags | 8% | $240 |
| Anti-Theft Device | 1% | $33 |
| Comp and Coll Deductibles | 13% | $403 |
| Days Advanced Purchase | 6% | $177 |
| Education | 8% | $240 |
| Electronic Funds Transfer | 7% | $222 |
| Electronic Signature | 10% | $312 |
| Homeowner | 12% | $371 |
| Lower Annual Mileage | 5% | $164 |
| Loyalty – Years Renewal With Company | 19% | $601 |
| Marital Status | 8% | $238 |
| Multi Policy | 10% | $326 |
| Paperless/Electornic Documents | 1% | $41 |
| Payment Type | 7% | $211 |
| Primary Use | 7% | $206 |
| Profession | 14% | $438 |
| Safety Devices | 6% | $198 |
| Student Away At School | 18% | $549 |
| Telematics | 9% | $271 |
| Years Insured | 41% | $1,264 |
| Years Licensed | 39% | $1,216 |
Final thoughts on cheap car insurance in New Jersey
Our research shows that NJM has the cheapest full coverage car insurance rates in New Jersey for individuals with a good driving record.
We understand that finding affordable car insurance is important, but it’s also crucial to ensure you have enough coverage for adequate financial protection.
To get cheap car insurance in New Jersey, first, figure out what coverage you need. Then, compare prices from different companies. Look for discounts and try to keep your driving record clean. Even if you’ve had tickets or accidents, you might still find a company that offers you a good deal.
Resources & Methodology
Methodology
CarInsurance.com commissioned Quadrant Information Services to field rates from all the major insurers in nearly every ZIP code of New Jersey for three different coverage levels:
- Full coverage policy with limits 100/300/100, including comprehensive and collision coverage and a $500 deductible.
- Liability-only with limits 50/100/50.
- State-minimum car insurance limits of 35/70/25.
The rates are based on the sample profile of a 40-year-old male and female driving a Honda Accord LX with a clean driving record and a good credit score. We have compared 53,409,632 car insurance quotes from 75 company groups across 34,588 ZIP Codes.
*USAA is only available to military community members and their families.
Violations:
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old driver for a full coverage policy with limits 100/300/100, including comprehensive and collision coverage, and a $500 deductible, with the following incidents applied: clean record, at-fault accident, DUI conviction and speeding ticket.
Discounts:
Car insurance discount rates are for a full coverage policy with limits of 100/300/50 and a $500 comprehensive and collision deductible based on the sample profile of a 40-year-old male driver. To gather the data, our data experts compared 2,677,890 insurance quotes across various ZIP Codes.
The rates are for comparison purposes only and your exact rates may vary.
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