Cheap Car Insurance in New Jersey

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:

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:

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, Plymouth Rock, and NJM stand out as the top options. Plymouth Rock offers the most affordable rates at just $983 per year, with NJM following closely at $1,202 per year.

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 GEICO and Progressive offer competitive rates. GEICO typically provides affordable policies, with average rates ranging from $520 to $580 annually.

At the same time, Progressive offers similarly cost-effective options at around $590 to $640 per year.

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. State Farm offers coverage at approximately $1,319 per year or about $110 per month. NJM is another option, costing around $1,523 yearly or roughly $127 monthly.

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. However, Geico emerges as one of the most cost-effective options, with an average annual minimum coverage premium of $971 and an average annual full coverage premium of $2,941.

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. However, NJM offers competitive rates, with an average annual minimum coverage premium of $952 and an average annual full coverage premium of $2,968.

Cheapest auto insurance in New Jersey for 20-year-olds after a DUI

Young drivers with DUI convictions face steep insurance premiums. In New Jersey, NJM offers more affordable options, with an average annual minimum coverage premium of $742 and an average annual full coverage premium of $2,379. Geico is also competitive, with rates averaging $1,072 for minimum coverage and $3,378 for full coverage.

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. In New Jersey, 30-year-old drivers with clean records can find affordable rates with Geico at $1,490 per year (about $124 per month) or State Farm at $1,511 per year (about $126 per month).

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 Geico and Progressive offer competitive options for as low as $35 per month.

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 NJM at $2,418 per year (about $202 per month) and State Farm at $3,138 per year (about $262 per month). 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 State Farm at $479 per year (about $40 per month) and Geico at $500 per year (about $42 per month). Even with a recent speeding ticket, affordable options are available.

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. NJM offers rates at $1,535 per year (about $128 per month) and Geico at $2,015 per year (about $168 per month). These options cater to drivers with recent accidents.

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 NJM at $1,847 per year (about $154 per month), Progressive at $2,409 per year (about $201 per month), and Plymouth Rock at $2,554 per year (about $213 per month).

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 NJM at $1,443 per year (around $120 per month) and Geico at $1,451 per year (about $121 per month). Other potential choices include State Farm, Penn National, and Selective.

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 of $283 (around $24 per month). In comparison, Geico provides a competitive option at $447 per year (about $37 per month).

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 Selective at $1,845 per year (about $154 per month) and NJM at $2,275 per year (about $190 per month) for individuals with less favorable credit histories.

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. State Farm offers rates at $482 per year, while Geico provides a competitive option at $495 per year.

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 NJM at $1,443 per year, catering to drivers with recent at-fault accidents. 

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. NJM offers rates at $1,732 per year, while Progressive provides another cost-effective choice at $2,256 per year.

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.

Consider requesting quotes from NJM, which offers coverage at an annual average of $1,351, or explore Geico’s competitive rates averaging $1,391 annually.

Cheapest minimum coverage car insurance in New Jersey for 50-year-olds

For those seeking budget-friendly minimum coverage car insurance in New Jersey at 50, State Farm provides an option with an average annual rate of $277 (about $23 per month).

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, which offers full coverage at an average annual rate of $1,739 (approximately $145 per month).

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. State Farm offers this coverage at an average annual rate of $471 (around $39 per month). In comparison, Geico presents competitive rates averaging $477 per year (about $40 per month).

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.

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 from NJM and Geico, though specific rates are not disclosed.

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 NJM at an annual average of $1,267 or State Farm at $1,343. Specific factors such as New Jersey’s population density and legal regulations contribute to these rate variations.

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 State Farm, offering it at an average of $259 per year, or Geico at $435 annually. Keep in mind that rates may fluctuate based on individual circumstances.

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 Selective, which offers full coverage at an average of $1,710 per year, or NJM at $1,962 per year. It’s important to note that credit scores play a significant role in determining insurance premiums in most states.

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. State Farm, for instance, averages $439 per year, while Geico offers coverage at an average of $482 annually. 

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 NJM, which offers full coverage at an average of $1,267 per year. 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, NJM and Progressive are two companies to consider. 

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, offering an average of $1,280 per year (approximately $107 per month), or Geico, with competitive rates averaging $1,350 per year (about $112 per month).

Cheapest minimum coverage car insurance in New Jersey for 70-year-olds

For those seeking the state’s minimum coverage, consider insurers like State Farm, Geico, or NJM, though specific rates are not provided.

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 Selective, NJM, or Geico, though specific rates are not mentioned.

Cheapest auto insurance in New Jersey for 70-year-olds with one speeding ticket

Companies like State Farm and Geico 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 Geico and State Farm, making them suitable choices for 70-year-old drivers.

Cheapest auto insurance in New Jersey for 70-year-olds after a DUI

Following a DUI, NJM, Geico, Plymouth Rock, and similar 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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