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If you live in New Jersey, you might be wondering how much car insurance typically costs. New Jersey auto insurance rates are, on average, $ 847 per year for minimum coverage and $ 1,757 per year for full coverage. New Jersey drivers typically pay more for auto insurance than the national average cost.
The Bankrate editorial team reviewed current premium information, obtained from Quadrant Information Services, and organized the cost of auto insurance by insurance company, city, age, and driving record. Understanding what factors affect the average cost of auto insurance in New Jersey could help you make more informed choices about your own coverage.
How Much Does Auto Insurance Cost in New Jersey?
Average auto insurance rates in New Jersey are $ 847 per year for minimum coverage and $ 1,757 per year for full coverage. Compared to the national average annual premiums of $ 565 per year for minimum coverage and $ 1,674 per year for full coverage, New Jersey drivers tend to pay more for auto insurance.
However, New Jersey auto insurance rates are determined using a number of personal factors. Your premium may be higher or lower depending on your age, credit score, type of vehicle you drive, driving history, and other factors.
New Jersey Auto Insurance Rates by Company
Each auto insurance company has its own rating system, which means that the premiums they offer for the same coverage will usually be different. If you are looking for auto insurance coverage, it may be a good idea to get quotes from several different providers. Getting multiple quotes allows you to review coverage, discounts, and premiums.
| Auto insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Allstate | $ 909 | $ 1,686 |
| American Independent | $ 1,463 | $ 3,414 |
| Amica | $ 430 | $ 1,504 |
| Farmers | $ 1,359 | $ 2,803 |
| Geico | $ 559 | $ 1,316 |
| Mercury | $ 1,022 | $ 1,845 |
| MetLife | $ 795 | $ 1,307 |
| NJM | $ 370 | $ 1,271 |
| Palisades | $ 528 | $ 1,135 |
| Penn National | $ 970 | $ 1,820 |
| Progressive | $ 735 | $ 1,469 |
| Selective | $ 474 | $ 1,085 |
| State farm | $ 724 | $ 1,244 |
| Hanover | $ 2,123 | $ 4,638 |
| Tour Grp | $ 1,087 | $ 2,010 |
| Travelers | $ 703 | $ 1,320 |
New Jersey Auto Insurance Rates by City
Even within a state, auto insurance premiums can vary. Different cities and even different zip codes have different average annual premiums. This can be due to several factors, including the likelihood of accidents, the cost of vehicle repairs, and the price of health services in your area. The following table shows the average annual full coverage premium for New Jersey’s 20 most populous cities, along with how those premiums compare to the state average.
| City | Average annual premium for full coverage | % difference from the average annual state premium |
|---|---|---|
| Newark | $ 2,624 | 49% |
| Jersey city | $ 2,304 | 31% |
| Trenton | $ 1,910 | 9% |
| Paterson | $ 2,565 | 46% |
| Edison | $ 1,773 | 1% |
| Elizabeth | $ 2,515 | 43% |
| Toms River | $ 1,635 | -7% |
| Lakewood | $ 1,896 | 8% |
| Clifton | $ 2,203 | 25% |
| Camden | $ 2,404 | 37% |
| Brick | $ 1,637 | -7% |
| Passaic | $ 2,565 | 46% |
| Union city | $ 2,461 | 40% |
| Vineland | $ 1,786 | 2% |
| Eastern Orange | $ 2,573 | 46% |
| Bayonne | $ 2,141 | 22% |
| North Bergen | $ 2,516 | 43% |
| New Brunswick | $ 1,815 | 3% |
| Wayne | $ 1,805 | 3% |
| Irvington | $ 2,628 | 50% |
New Jersey Auto Insurance Rates by Age
Age is one of the main drivers of auto insurance premiums. Indeed, young drivers have less experience and tend to have more accidents than more experienced drivers. Because of the increased risk, insurance companies typically charge young drivers a higher premium.
* 16-year-old child added to his parents’ policy
Premiums tend to decrease with age, but may start to increase again around age 70. This is because older drivers may again be at higher than average risk of a car accident.
New Jersey Auto Insurance Rates by Driving Record
Having tickets, accidents or DUIs on your driving record tends to increase your car insurance premium. Insurance companies tend to consider drivers with a history of offenses to be more likely to have accidents in the future.
| Driving incident | Average annual premium for full coverage in New Jersey | % increase in average annual premium |
|---|---|---|
| Speeding | $ 2,001 | 14% |
| Accident | $ 2,617 | 49% |
| DUI | $ 3,264 | 86% |
How To Save On Auto Insurance In New Jersey
Although drivers in New Jersey pay more than the national average for auto insurance, there are still ways to lower your premium. To find a cheaper policy, you can:
- Compare the prices: Each insurance company has its own business model, which means that each company will assess rating factors differently. The cheapest business for one person may not be the cheapest business for another person. Getting quotes from multiple providers can help you find the coverage you’re looking for for a lower amount.
- Use discounts: Most insurance companies offer discounts. The more discounts you can take, the less you will pay for auto insurance. Finding a business with many discounts that you qualify for can help save you money.
- Increase your deductible (s): Your full and collision deductibles are the amount you will pay out of pocket if you file a claim for damage to your car. Increasing one or both of them could lower your premium. Remember, if you have an accident you will have to pay your deductible, so choosing a level that suits your finances might be a good idea.
- Maintain a clean driving record: Your driving record has a considerable impact on your premium. Avoiding tickets, accidents, and infractions like DUIs could help you avoid surcharges and keep your fares lower.
There may be other ways to save that are specific to your insurance company. Talking to an agent can help you identify savings opportunities.
Frequently Asked Questions
How Much Does Auto Insurance Cost in New Jersey Per Month?
The average monthly cost of auto insurance in New Jersey is just over $ 146 per month for full coverage and around $ 71 per month for minimum coverage. Your actual premium will vary based on your individual scoring factors.
Is New Jersey a No-Fault State for Auto Insurance?
Yes, New Jersey is a no-fault state, which means you must purchase Personal Injury Protection (PIP) coverage. This coverage covers medical and other eligible expenses for you and your passengers, regardless of who is at fault for an accident.
Methodology
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record , good credit and the following. coverage limits:
- $ 100,000 of civil liability per person
- Civil liability of $ 300,000 per accident
- Liability for property damage of $ 50,000 per accident
- $ 100,000 of uninsured bodily injury by a motorist per person
- $ 300,000 in uninsured bodily injury by a motorist per accident
- $ 500 collision deductible
- Full $ 500 deductible
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week, and cover 12,000 miles a year.
These are sample rates and should only be used for comparison purposes.
Age: The rates were calculated by evaluating our basic profile with 18-60 year olds (base: 40 years old) applied.
Incident: The rates were calculated by evaluating our baseline profile with the following incidents applied: blank (baseline) record, at-fault accident, single speeding ticket, single DUI conviction, and lapse of coverage.
