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The cheapest car insurance companies in New Jersey

Finding the cheapest car indemnity in New Jersey requires comparing respective indemnity providers. not only does this allow you to see quotes based on your personal circumstances, but it allows you to compare coverage options excessively. Bankrate utilize Quadrant Information Services and third-party sources to identify the cheapest carriers. fortunately, brassy rates does not necessarily mean a lack of coverage, since there are plenty of policy providers offering competitive rates for both wax and minimum coverage to drivers in the Garden State .

The cheapest companies for minimum coverage in New Jersey

If drivers in New Jersey are matter to in purchasing minimum coverage, here are the five cheapest national and regional cable car policy companies with low-cost average annual rates, according to Bankrate ’ s research .

Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium
NJM $370 $31
Amica $430 $36
Selective $474 $40
Palisades $528 $44
Geico $559 $47

The cheapest companies for full coverage in New Jersey

If you prefer a full moon coverage policy, hera are five car policy companies in New Jersey offering the cheapest rates, based on average annual premiums .

Car insurance company Average annual full coverage premium Average monthly full coverage premium
Selective $1,085 $90
Palisades $1,135 $95
State Farm $1,244 $104
NJM $1,271 $106
Geico $1,316 $110

Events that can impact your cheap rates in New Jersey

During your policy term, there may be life circumstances that alter the pace you were initially able to secure. common events that can impact how a lot you pay in premiums might include :

  • Adding a teen driver: Adding a teen driver to the parent’s insurance policy will generally result in significantly higher rates. This is simply due to the lack of driving experience and higher accident risk associated with teen drivers. However, adding them to a policy could make you eligible for a greater number of discounts and coverage options.
  • Receiving a speeding ticket: A speeding ticket can cause an increase in premiums. Although the impact could be more or less severe depending on the scope of the moving violation. Typically, a speeding ticket results in a surcharge being added to your policy for three years.
  • Getting in an at-fault accident: Not only is an at-fault accident stressful, it could cause your auto insurance rates to increase. Accidents do happen, but may negatively impact your premiums for up to five years with a surcharge added to your policy, depending on the carrier. However, some insurers offer a first-accident forgiveness program to counteract the premium hike for safe drivers so no surcharge is added.
  • Being deemed a high-risk driver: High-risk drivers, such as someone convicted of a DUI, numerous moving violations or a series of at-fault accidents, will often pay a higher premium. Finding coverage as a high-risk driver might be difficult too, which makes shopping around for good rates and coverage options even more of a critical step.

Cheapest cities in New Jersey for minimum coverage

The mesa below illustrates how minimum coverage premium rates could be impacted by the ZIP code you live in. Although rate variations may be rebuff, it ’ randomness important to update your address even when moving within the like city, county or state, as rates may be different in your new ZIP code .

City Average annual minimum coverage premium Average monthly minimum coverage premium
Pittstown $613 $51
Stockton $613 $51
Ringoes $613 $51
Clinton $613 $51

Cheapest cities in New Jersey for full coverage

Full coverage rates can besides vary from one ZIP code to another. ZIP codes influence indemnity premiums because of cost of living factors, adenine well as car compensate expenses, larceny and vandalism rates and other factors and might increase or decrease your risk assessment, according to the Insurance Information Institute ( Triple-I ) .

City Average annual full coverage premium Average monthly full coverage premium
Manasquan $1,434 $120
Brielle $1,434 $120
Sea Girt $1,434 $120
Belmar $1,452 $121

Minimum coverage requirements for New Jersey drivers

Drivers in New Jersey are required to purchase at least the minimum come of state-mandated coverage to legally drive, referred to as a standard coverage policy. The Garden State ’ mho car fiscal duty law includes :

  • $15,000 for bodily injury liability per person
  • $30,000 for bodily injury liability per accident
  • $5,000 for property damage liability per accident
  • $15,000 per person or accident in personal injury protection (PIP)
  • $15,000 for uninsured and underinsured motorist bodily injury coverage per person
  • $30,000 for uninsured and underinsured motorist bodily injury coverage per accident

Purchasing minimum coverage may seem like the best option for smaller budgets, but if you are involved in an at-fault accident without adequate coverage, it could lead to fiscal distress. Most lenders require you to purchase full coverage if you lease or finance a vehicle to ensure all types of claims can be paid if necessity .

Here is how to find (and keep) cheap car insurance in New Jersey

not merely is finding bum cable car policy in New Jersey authoritative for your budget and coverage needs, but so is keeping your cheap rates intact. The good news program is that there are numerous actions you can take to both find and keep cheap policy rates, including :

  • Shop multiple carriers and compare coverage options. To find the cheapest rates and best coverage, shop around to see which insurance provider meets your criteria. Rates can vary by hundreds of dollars between carriers, so comparing multiple insurers should help you identify coverage with a better price.
  • Maintain clean driving records and safe driving habits. Staying safe on the road, including adopting safe driving habits like obeying the posted speed limit and soft braking, will help you maintain a clean driving record and keep lower rates by avoiding moving violations. As you experience life events, such as moving or getting married, be sure to review your policy to see if you qualify for additional discounts or lower premiums based on your new life circumstances.

Frequently asked questions

What is the best car insurance in New Jersey?

The best insurance party in New Jersey is the one that best fits your needs. There are many national and regional providers that serve Garden State drivers and they all have specific strengths and weaknesses. Some companies offer the best customer service while others are foremost for discounts and coverage options. Each driver has a unique sic of wants and needs for their car indemnity search. Before you choose an car policy provider, it could be helpful to shop around to find one that best meets your criteria .

How does the cost of car insurance in New Jersey compare to the U.S. average?

The average monetary value of car policy in the U.S. is $ 1,674 per year for full moon coverage and $ 565 per annum for minimum coverage, according to Bankrate ’ s analysis. New Jersey drivers, in comparison, pay an average annual cost of car indemnity of $ 847 for minimum coverage and $ 1,757 for wax coverage, which equates to 54 % higher and 5 % higher, respectively, than the national averages .

How do I get a car insurance quote?

many cable car policy companies and third parties offer an on-line quoting creature, where you input some basic information about yourself and your vehicle and get an instantaneous rate estimate. To generate an on-line quotation, you will typically need to provide your name, date of birth, address and call number, plus your vehicle ’ second VIN, estimated annual mileage and make, model and year. You can besides obtain quotes through a local policy agent or by calling car insurers directly .

Is car insurance required in New Jersey?

car insurance is legally required in New Jersey. Every driver with a read vehicle must carry at least the minimum measure of car insurance to comply with the submit ’ s fiscal responsibility law. There are two levels of minimum coverage in New Jersey, a basic policy or a criterion policy. The coverage type and limits of coverage you get are all impacted by which policy you choose. You can visit the New Jersey Motor Vehicle Commission web site for more information on your options.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a blank drive record, good credit and the watch full coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state ’ sulfur requirements. Our free-base profile drivers own a 2019 Toyota Camry, permute five days a week and drive 12,000 miles per annum. These are sample rates and should lone be used for comparative purposes .

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