Navigating the roads of New Jersey comes with a price tag. For New Jersey drivers, car insurance amounts to an average of about $1,459 per year, roughly 4% more than the national average.
Yet, for new drivers in New Jersey looking for cheap auto insurance in NJ for new drivers, the journey to finding affordable rates can seem daunting due to the perceived risk by insurers. But here’s the twist: your location isn’t the sole compass guiding your premiums in the realm of cheap car insurance in New Jersey. Factors such as your age, driving history, and even your ZIP code blend into the mix, shaping the final premium in your mailbox.
But here’s the exciting part – this isn’t a road without options. In this guide, we’ll secure cheap car insurance in New Jersey. We’ll unveil the secrets to achieving the perfect balance between protection and your wallet at any age, ensuring you’re not overpaying for peace of mind on New Jersey’s bustling roadways.
So, fasten your seatbelt as we explore the avenues to find cheap car insurance in New Jersey, providing financial security and peace of mind as you cruise the state’s diverse landscapes.
Cheap Car Insurance in New Jersey
Looking for the cheapest car insurance in New Jersey? Here are some insights.
Firstly, if you’re looking for minimum-coverage car insurance, the average cost in the Garden State is around $86 per month or $1,036 annually.
On the other hand, if you opt for full coverage, it’s pricier, averaging about $159 per month, nearly double the cost of a liability-only policy. It’s also important to note that New Jersey increased its minimum bodily injury and property damage liability limits starting January 1, 2023.
Connect with your insurance provider to review your coverage to ensure you meet these new requirements. This step will help you avoid any legal or financial hassles.
What is the cheapest car insurance in New Jersey?
If you’re wondering what are your options for cheap car insurance in New Jersey, look no further. As per our recent analysis, the top affordable contenders in Garden State – New Jersey, include State Farm, NJM, Penn National, and Geico. Among these, Geico takes the lead with an average monthly rate of just $123 for full coverage.
Full coverage car insurance in New Jersey costs around $2,809 per year or approximately $234 per month. Regarding minimum coverage, the average price in New Jersey is about $1,146 per year. However, there are even better deals available.
For instance, State Farm shines as the most budget-friendly option, offering minimum coverage at an average yearly cost of $281 for a 30-year-old driver with a clean driving record. To zero in on the best option for cheap car insurance in New Jersey, your best bet is to shop around and compare quotes from various insurance providers.
Here is the list of companies with average car insurance rates in New Jersey:
| Company | Monthly Rate ($) |
| Geico | $44 |
| Plymouth Rock | $67 |
| NJM | $74 |
| State Farm | $79 |
| Travelers | $94 |
| Progressive | $101 |
| Allstate | $102 |
| Farmers | $130 |
How do we choose the cheapest companies in New Jersey?
Selecting the cheapest insurance companies in New Jersey was a thoughtful process. We examined rates from various insurers, considering full and minimum coverage options. Our goal was to identify the companies that consistently offered the most budget-friendly rates while maintaining good service quality.
We also considered factors like the driver’s age, driving record, and coverage needs to ensure our recommendations catered to a wide range of individuals. By carefully analyzing these elements, we could pinpoint companies like Geico and State Farm as top choices for affordable car insurance in the state.
Cheap car insurance in New Jersey
Finding cheap car insurance in New Jersey and savvy shopping is vital. New Jersey offers a range of insurance providers, and the path to wallet-friendly coverage lies in comparing your options. Companies like Geico, Plymouth Rock, and NJM often provide competitive rates.
To keep costs in check, maintain a clean driving record and tailor your coverage to your needs. Remember that the cheapest car insurance varies based on age and driving history. So, explore your choices and fine-tune your policy to strike the right balance between savings and coverage.
New Jersey Rates for Teen Drivers
Car insurance rates for teen drivers in New Jersey hinge greatly on age. Optimal choices for teens on their family’s policy include GEICO, offering rates of around $2,059 per year for males and $1,919 per year for females, and Travelers, with approximately $2,743 per year for males and $2,469 per year for females.
On the other hand, Foremost tends to be pricier, reaching $4,635 per year for females and $5,186 per year for males, both for 16-year-olds on their parent’s policy.
Rates typically decrease with age, with 19-year-old males finding the most affordable option at $1,877 per year with Travelers. Adding a teen to your family’s policy, rather than securing an individual one, is often much more cost-effective, saving an average of $2,854 per year, especially considering that most teens under 18 can’t get their auto policy without parental consent.
Here is a table providing a summary of the average New Jersey rates for teen drivers:
| Company | Family Plan Annual Premium | Individual Plan Annual Premium |
| GEICO | $1,919 | $2,264 |
| Travelers | $2,469 | $4,551 |
| State Farm | $2,911 | $3,445 |
| Progressive | $3,392 | $10,839 |
| Allstate | $3,802 | $4,372 |
| Foremost | $4,635 | $9,587 |
Cheapest for 20-year-old drivers
Age plays a significant role in car insurance rates for drivers in their 20s in New Jersey. Insurance companies often view younger drivers, including those in their 20s, as higher risks due to their increased likelihood of accidents.
Finding affordable car insurance as a 20-year-old driver in New Jersey can be challenging. Young drivers often face high premiums, but these rates tend to decrease with more experience on the road. Shopping around is crucial, as some companies consistently offer better rates for young drivers.
In New Jersey, the most budget-friendly options for full coverage in your 20s are found with companies like Plymouth Rock and NJM.
Cheapest full coverage car insurance in New Jersey for 20-year-olds
For full coverage, car insurance in New Jersey for 20-year-olds
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $2,256 | $188 |
| NJM | $2,491 | $208 |
| Penn National | $3,363 | $280 |
| Plymouth Rock | $3,515 | $293 |
| Travelers | $4,047 | $337 |
These choices provide young drivers with cost-effective coverage. However, premiums can vary based on individual circumstances, such as driving history and location.
Cheapest minimum coverage car insurance in New Jersey for 20-year-olds
For 20-year-olds seeking the most budget-friendly minimum coverage car insurance in New Jersey, options like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $703 | $59 |
| State Farm | $806 | $67 |
| NJM | $1,163 | $97 |
| Progressive | $1,492 | $124 |
| Amica | $1,583 | $132 |
Cheapest auto insurance in New Jersey for 20-year-olds with poor credit
For 20-year-old drivers in New Jersey with poor credit, some budget-friendly auto insurance choices are available.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,600 | $133 |
| Plymouth Rock | $1,660 | $138 |
| Good2Go | $1,675 | $140 |
| Progressive | $2,027 | $169 |
| NJM | $2,162 | $180 |
These options can help you find more affordable insurance even with a less-than-ideal credit history.
Cheapest auto insurance in New Jersey for 20-year-olds with one speeding ticket
Obtaining affordable car insurance for 20-year-olds with speeding tickets in New Jersey can be challenging.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $703 | $59 |
| State Farm | $1,435 | $120 |
| NJM | $1,448 | $121 |
| Progressive | $1,729 | $144 |
| Amica | $1,817 | $151 |
Cheapest auto insurance in New Jersey for 20-year-olds with one at-fault crash
20-year-old drivers in New Jersey facing the aftermath of at-fault accidents encounter higher insurance costs.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $817 | $68 |
| NJM | $1,163 | $97 |
| State Farm | $1,352 | $113 |
| Amica | $1,652 | $138 |
| Progressive | $1,853 | $154 |
Cheapest auto insurance in New Jersey for 20-year-olds after a DUI
Young drivers with DUI convictions face steep insurance premiums.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,044 | $87 |
| NJM | $1,448 | $121 |
| Progressive | $1,669 | $139 |
| Plymouth Rock | $1,819 | $152 |
| Foremost | $2,778 | $232 |
Cheapest for 30-year-old drivers
For 30-year-old drivers in New Jersey, obtaining affordable car insurance is typically more manageable than for younger age groups. Prices become more reasonable as drivers reach this age and accrue more experience.
Nonetheless, comparing quotes from different insurers to secure the best rates remains essential. In New Jersey, companies such as NJM and Plymouth Rock often provide competitive rates for full coverage. On average, 30-year-old drivers can anticipate lower premiums than their younger counterparts, thanks to their more favorable driving history and increased road experience.
Cheapest full coverage car insurance in New Jersey for 30-year-olds
Full coverage car insurance offers comprehensive financial protection.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,157 | $96 |
| NJM | $1,481 | $123 |
| Penn National | $1,732 | $144 |
| Travelers | $2,006 | $167 |
| State Farm | $2,046 | $171 |
Cheapest minimum coverage car insurance in New Jersey for 30-year-olds
The cheapest minimum coverage car insurance for 30-year-olds protects against damages or injuries. Rates may vary, but companies like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| State Farm | $360 | $30 |
| Geico | $408 | $34 |
| NJM | $649 | $54 |
| Progressive | $715 | $60 |
| Amica | $761 | $63 |
Cheapest auto insurance in New Jersey for 30-year-olds with poor credit
The cheapest auto insurance in New Jersey for 30-year-olds with poor credit can be found with companies like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $2,495 | $208 |
| Geico | $2,580 | $215 |
| Encompass | $3,452 | $288 |
| Penn National | $3,500 | $292 |
| Progressive | $3,925 | $327 |
These options cater to those with less favorable credit scores.
Cheapest auto insurance in New Jersey for 30-year-olds with one speeding ticket
Insurance for 30-year-olds with one speeding ticket can be found with companies like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $408 | $34 |
| State Farm | $623 | $52 |
| NJM | $872 | $73 |
| Progressive | $885 | $74 |
| Amica | $989 | $82 |
Cheapest auto insurance in New Jersey for 30-year-olds with one at-fault crash
The cheapest auto insurance in New Jersey for 30-year-olds with one at-fault crash is attainable.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,608 | $134 |
| Geico | $1,660 | $138 |
| Penn National | $2,530 | $211 |
| Amica | $2,779 | $232 |
| Travelers | $3,107 | $259 |
Cheapest auto insurance in New Jersey for 30-year-olds after a DUI
Cheap auto insurance options in New Jersey for 30-year-olds after a DUI remain more expensive due to the incident, but affordable choices include
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,949 | $162 |
| Geico | $2,412 | $201 |
| Progressive | $2,822 | $235 |
| Plymouth Rock | $2,846 | $237 |
| Travelers | $3,397 | $283 |
Cheapest for 40-year-old drivers
Generally, 40-year-old drivers in New Jersey benefit from more favorable insurance rates than their younger counterparts. However, these rates might still be higher than those for older age groups.
To secure affordable car insurance, it’s advisable to shop around and gather quotes from multiple insurers. Pay-per-mile insurance presents a cost-effective option for those who drive infrequently and maintain a good driving record.
This insurance model calculates rates based on the miles driven, potentially resulting in substantial savings.
Cheapest full coverage car insurance in New Jersey for 40-year-olds
For 40-year-olds in New Jersey with clean driving records, the most affordable full-coverage car insurance options include
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,104 | $92 |
| NJM | $1,393 | $116 |
| Penn National | $1,598 | $133 |
| Travelers | $1,970 | $164 |
| Selective | $1,989 | $166 |
Cheapest minimum coverage car insurance in New Jersey for 40-year-olds
For 40-year-olds in New Jersey seeking the most basic coverage, State Farm offers minimum coverage car insurance at an average annual rate
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| State Farm | $362 | $30 |
| Geico | $400 | $33 |
| NJM | $611 | $51 |
| Progressive | $670 | $56 |
| Amica | $742 | $62 |
Cheapest auto insurance in New Jersey for 40-year-olds with poor credit
The cheapest auto insurance in New Jersey for 40-year-olds with poor credit offers options like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $2,408 | $201 |
| Geico | $2,443 | $204 |
| Penn National | $3,203 | $267 |
| Encompass | $3,452 | $288 |
| Progressive | $3,608 | $301 |
Cheapest auto insurance in New Jersey for 40-year-olds with one speeding ticket
Drivers in New Jersey aged 40 with a recent speeding ticket can secure affordable minimum coverage car insurance.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $400 | $33 |
| State Farm | $627 | $52 |
| NJM | $819 | $68 |
| Progressive | $836 | $70 |
| Amica | $970 | $81 |
Cheapest auto insurance in New Jersey for 40-year-olds with one at-fault crash
The cheapest auto insurance in New Jersey for 40-year-olds with one at-fault crash is available through
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,510 | $126 |
| Geico | $1,563 | $130 |
| Penn National | $2,323 | $194 |
| Amica | $2,716 | $226 |
| Plymouth Rock | $3,093 | $258 |
Cheapest auto insurance in New Jersey for 40-year-olds after a DUI
Affordable auto insurance options are available for 40-year-olds in New Jersey with a DUI on their record.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,829 | $152 |
| Geico | $2,277 | $190 |
| Progressive | $2,610 | $218 |
| Plymouth Rock | $2,750 | $229 |
| Penn National | $3,445 | $287 |
Cheapest for 50-year-old drivers
Cheapest car insurance is typically more accessible for 50-year-olds in New Jersey, as they enjoy lower average rates than most age groups. Rates often decrease as they approach their 60s, accruing more driving experience.
However, factors such as gender and location can still influence rates. To secure the best rate, it’s wise for 50-year-old drivers to shop around, and our list of cheap auto insurance companies serves as a valuable starting point for their search.
Cheapest full coverage car insurance in New Jersey for 50-year-olds
Are you opting for the cheapest full-coverage car insurance in New Jersey for 50-year-olds? Cheapest full coverage car insurance extends appealing rates to drivers with clean records.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,040 | $87 |
| NJM | $1,303 | $109 |
| Penn National | $1,486 | $124 |
| Selective | $1,805 | $150 |
| Travelers | $1,840 | $153 |
Cheapest minimum coverage car insurance in New Jersey for 50-year-olds
For those seeking budget-friendly minimum coverage car insurance in
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| State Farm | $354 | $30 |
| Geico | $376 | $31 |
| NJM | $570 | $48 |
| Progressive | $643 | $54 |
| Amica | $698 | $58 |
Cheapest auto insurance in New Jersey for 50-year-olds with poor credit
If you’re a 50-year-old driver in New Jersey with poor credit, you can explore Selective,
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $2,233 | $186 |
| Geico | $2,276 | $190 |
| Penn National | $2,956 | $246 |
| Encompass | $3,154 | $263 |
| Progressive | $3,269 | $272 |
Cheapest auto insurance in New Jersey for 50-year-olds with one speeding ticket
Accessing the cheapest auto insurance in New Jersey for 50-year-olds with one speeding ticket remains possible.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $376 | $31 |
| State Farm | $613 | $51 |
| NJM | $760 | $63 |
| Progressive | $817 | $68 |
| Amica | $926 | $77 |
Cheapest auto insurance in New Jersey for 50-year-olds with one at-fault crash
Options for 50-year-olds in New Jersey with one at-fault crash can be explored through NJM and Selective, although specific rates are not provided.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,411 | $118 |
| Geico | $1,530 | $128 |
| Penn National | $2,149 | $179 |
| Amica | $2,566 | $214 |
| Encompass | $2,946 | $246 |
Cheapest auto insurance in New Jersey for 50-year-olds after a DUI
Exploring auto insurance options in New Jersey for 50-year-olds after a DUI is possible with choices
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,700 | $142 |
| Geico | $2,284 | $190 |
| Progressive | $2,412 | $201 |
| Plymouth Rock | $2,715 | $226 |
| Penn National | $3,179 | $265 |
Cheapest for 60-year-old drivers
60-year-olds typically benefit from lower car insurance rates than many other age groups. However, as they age, prices tend to increase. To secure affordable car insurance in their 60s, seniors should actively shop around and seek senior citizen discounts.
For married 60-year-old drivers in New Jersey, the average car insurance rate is $1,543 for women and $1,586 for men. Geico offers the most affordable option, with an average annual rate of $1,026 for both genders. Conversely, Farmers is pricier, with rates averaging $2,409 for women and $2,467 for men.
Cheapest full coverage car insurance in New Jersey for 60-year-olds
60-year-old drivers with spotless driving records may find appealing options with
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,055 | $88 |
| NJM | $1,215 | $101 |
| Penn National | $1,484 | $124 |
| Selective | $1,717 | $143 |
| Travelers | $1,777 | $148 |
Cheapest minimum coverage car insurance in New Jersey for 60-year-olds
Individuals in New Jersey seeking the state’s minimum coverage should explore options like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| State Farm | $331 | $28 |
| Geico | $385 | $32 |
| NJM | $536 | $45 |
| Progressive | $627 | $52 |
| Amica | $698 | $58 |
Cheapest auto insurance in New Jersey for 60-year-olds with poor credit
Drivers with less favorable credit scores in New Jersey can consider companies such as
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $2,070 | $173 |
| Geico | $2,316 | $193 |
| Penn National | $2,952 | $246 |
| Selective | $3,124 | $260 |
| Progressive | $3,138 | $261 |
Cheapest auto insurance in New Jersey for 60-year-olds with one speeding ticket
Several insurance companies offer competitive rates for minimum coverage for individuals in New Jersey who have recently received a speeding ticket.
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $385 | $32 |
| State Farm | $570 | $48 |
| NJM | $713 | $59 |
| Progressive | $797 | $66 |
| Amica | $926 | $77 |
Cheapest auto insurance in New Jersey for 60-year-olds with one at-fault crash
Drivers in New Jersey recently involved in an at-fault accident can explore options such as
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,313 | $109 |
| Geico | $1,555 | $130 |
| Penn National | $2,146 | $179 |
| Amica | $2,566 | $214 |
| Plymouth Rock | $2,725 | $227 |
To mitigate the impact on insurance costs, reviewing policy details and considering enrolling in defensive driving courses is advisable.
Cheapest auto insurance in New Jersey for 60-year-olds after a DUI
Following a DUI, individuals in New Jersey may face significant increases in their auto insurance rates. While specific average rates for insurance after a DUI were not provided
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,577 | $131 |
| Geico | $2,325 | $194 |
| Progressive | $2,337 | $195 |
| Plymouth Rock | $2,555 | $213 |
| Penn National | $3,173 | $264 |
Cheapest for 70-year-old drivers
As drivers reach the age of 70, car insurance rates may begin to increase. To secure the most affordable coverage, comparing shops and obtaining quotes from various insurers is crucial. Additionally, watch for insurers that provide discounts tailored to seniors.
For instance, Geico offers full coverage car insurance in New Jersey for 70-year-olds at $1,350 per year (approximately $112 per month) and extends discounts to senior drivers who complete defensive driving courses.
Cheapest full coverage car insurance in New Jersey for 70-year-olds
Drivers in New Jersey with clean driving records may want to explore quotes from NJM,
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $1,085 | $90 |
| NJM | $1,254 | $105 |
| Penn National | $1,709 | $142 |
| Selective | $1,786 | $149 |
| State Farm | $2,042 | $170 |
Cheapest minimum coverage car insurance in New Jersey for 70-year-olds
For those seeking the state’s minimum coverage, consider insurers like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| State Farm | $379 | $32 |
| Geico | $407 | $34 |
| NJM | $561 | $47 |
| Amica | $663 | $55 |
| Progressive | $767 | $64 |
Cheapest auto insurance in New Jersey for 70-year-olds with poor credit
Drivers with less favorable credit scores in New Jersey can explore options with
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $2,135 | $178 |
| Geico | $2,393 | $199 |
| Selective | $3,232 | $269 |
| Penn National | $3,449 | $287 |
| Encompass | $3,925 | $327 |
Cheapest auto insurance in New Jersey for 70-year-olds with one speeding ticket
Companies like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| Geico | $407 | $34 |
| State Farm | $658 | $55 |
| NJM | $748 | $62 |
| Amica | $888 | $74 |
| Progressive | $1,041 | $87 |
May offer competitive rates for minimum coverage for individuals with recent speeding tickets in New Jersey.
Cheapest auto insurance in New Jersey for 70-year-olds with one at-fault crash
After an at-fault crash, maintaining affordable coverage is possible with companies like
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,357 | $113 |
| Geico | $1,586 | $132 |
| Penn National | $2,494 | $208 |
| Amica | $2,500 | $208 |
| Plymouth Rock | $2,945 | $245 |
Cheapest auto insurance in New Jersey for 70-year-olds after a DUI
| Insurance Company | Annual Premium | Monthly Premium |
|---|---|---|
| NJM | $1,631 | $136 |
| Geico | $2,357 | $196 |
| Plymouth Rock | $2,763 | $230 |
| Progressive | $3,164 | $264 |
| Selective | $3,451 | $288 |
companies may provide potential solutions for obtaining reasonable rates, although specific rates are not detailed.
How Much Is Full Coverage Car Insurance in New Jersey?
Full coverage car insurance in New Jersey provides essential financial protection, including comprehensive and collision insurance to address vehicle damage. Geico emerges as the most budget-friendly choice, with an average monthly expense of $87 or an annual cost of $1,040, notably below the state’s $159 monthly average for full coverage.
State Farm, Progressive, NJM, and Plymouth Rock also present competitive pricing, underscoring the importance of New Jersey drivers exploring various options. These policies offer comprehensive safeguards, aiding with car damage due to accidents and offering a reassuring driving experience.
Average annual car insurance rates in New Jersey by company
In New Jersey, car insurance rates vary depending on your chosen insurance company. On average, annual rates for some popular insurers in the state are as follows:
- NJM: $1,378 per year.
- Geico: $1,553 per year.
- Progressive: $1,695 per year.
- State Farm: $1,823 per year.
- Allstate: $2,125 per year.
These rate disparities highlight the importance of location when determining car insurance costs in New Jersey. For example, Newark and Irvington are the most expensive at $235 per month. On the other hand, drivers in Madison enjoy the state’s lowest average rate of $137 per month.
How Much Is Liability-Only Coverage Car Insurance in New Jersey?
In New Jersey, it is a legal requirement to have liability insurance for driving. You must also maintain personal injury protection (PIP) and uninsured motorist coverage, even if you opt for a liability-only policy.
The minimum PIP coverage required is $15,000, encompassing medical expenses, lost wages, funeral costs, and essential household and childcare services if injuries prevent you from performing these tasks. Lenders typically demand full coverage, including liability, when financing or leasing a vehicle, often stipulating specific deductible limits and higher liability limits than the state’s minimum requirements.
Minimum car insurance requirements in New Jersey
New Jersey updated its minimum car insurance requirements with higher bodily injury and property damage liability limits. The minimum requirements now include:
- Bodily injury liability: $25,000 per person/$50,000 per accident
- Property damage liability: $25,000 per accident
- PIP (Personal Injury Protection): $15,000
If you had a minimum coverage policy the previous year, expect your 2023 renewal rates to increase to meet the new minimum requirements.
Tips for How to Get Cheap Car Insurance in New Jersey
Here are the tips for how can get the best car insurance in New Jersey:
- Shop around and get quotes from multiple insurers to find the best rates.
- Combine auto and home insurance for potential discounts.
- Safe driving can lead to lower premiums.
- Ask about discounts for safe driving, anti-theft devices, or good student status.
- If you drive infrequently, pay-per-mile insurance can offer cost savings.
Comparing quotes can help you zero in on the best deal for your budget and provide the coverage you need in case of an accident. You can use Beem to find the best insurance quotes to help you make the right choice.
No-fault insurance in New Jersey
New Jersey operates as a no-fault state, mandating that drivers maintain personal injury protection (PIP) and liability insurance.
The “PIP” covers medical expenses and other out-of-pocket losses for all policyholders, regardless of fault in the accident, up to the policy’s coverage limits. What sets New Jersey apart is its provision of two options for minimum coverage: the Basic Policy and the Standard Policy.
Conclusion
Obtaining cheap car insurance in New Jersey requires a deep understanding of the state’s unique factors. While the average rates in the Garden State may slightly surpass the national average, drivers can effectively manage these expenses.
Our analysis shows that Geico and NJM consistently stand out as among the top insurance companies to explore for cheap car insurance in New Jersey.
Their competitive rates and various available discounts solidify them as excellent options for budget-conscious drivers. By embracing these insights and actively pursuing discounts, New Jersey residents can secure dependable coverage and realize significant savings on auto insurance.
Insurance rates can vary significantly, so comparing options can yield substantial savings. Beem can help you zero in on the best car insurance plans. Auto insurance with Beem covers damage to your vehicle, other vehicles or property, and injuries to yourself or others.
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FAQs
Is car insurance required in New Jersey?
Car insurance is mandatory in New Jersey for all-age drivers.
Which cars are required to be insured in New Jersey?
In New Jersey, insurance coverage is obligatory for all vehicles utilized or parked on public roadways. This requirement extends to passenger cars, trucks, motorcycles, and commercial vehicles.
When should I get car insurance in New Jersey?
You should have car insurance before driving a registered vehicle in New Jersey. Failing to do so may result in penalties, fines, and license suspension.
How much car insurance do I need in New Jersey?
New Jersey has specific minimum coverage requirements, including liability and personal injury protection (PIP).
How much is car insurance in my city in New Jersey?
Car insurance costs vary by city in New Jersey, with factors like driving history, vehicle type, location, and driving history influencing rates.
What happens if my car is not correctly insured in New Jersey?
Driving without proper insurance can result in fines, license suspension, and vehicle impoundment.
Is New Jersey a no-fault state?
New Jersey operates as a no-fault state, requiring personal injury protection (PIP) coverage.
What happens if my car is not correctly insured in New Jersey?
Driving without proper insurance can result in fines, license suspension, and vehicle impoundment.
Is New Jersey a no-fault state?
New Jersey operates as a no-fault state, requiring personal injury protection (PIP) coverage.
Do I need uninsured motorist coverage in New Jersey?
Uninsured motorist coverage is required in New Jersey unless you opt for a Basic Policy.
Is liability insurance required in New Jersey?
Yes, liability insurance is mandatory in New Jersey. The minimum coverage amounts are mandated by state law.
Does New Jersey accept digital insurance cards?
New Jersey accepts digital insurance cards as proof of coverage.
Is insurance expensive in New Jersey?
Car insurance rates in New Jersey can be relatively high compared to other states.
What’s the average cost of car insurance in New Jersey?
The average rate for full-coverage auto insurance in New Jersey is $1,492 per year or $124 per month. It varies by factors like location, driving history, and coverage options, making it essential to compare quotes.
