Cheapest Car Insurance In New Jersey (2024)
The cheapest car insurance in New Jersey comes from GEICO at $53 per month on average.
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Because car insurance costs are increasing, it’s smart for drivers in New Jersey to compare different policies in order to find the cheapest coverage available. Our reviews team has researched the best car insurance companies nationwide. We carefully examined the reputation, satisfaction of customers, options for coverage, and average fees of each provider.
In this review, we will discuss the most effective methods to save money on insurance and where you can locate the least expensive car insurance in New Jersey according to your driving profile.
Key Points
- GEICO is the cheapest car insurance company in New Jersey overall, with an average rate of $53 per month for minimum coverage and $131 per month for full coverage.
- NJM and Plymouth Rock also offer affordable car insurance rates for many driver profiles.
- If you’re under 25 or have traffic violations on your record, you’ll have to pay more for car insurance than most drivers.
- You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
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The way car insurance companies view driver profiles can vary, meaning the cheapest provider for one person might not be the cheapest for you. To illustrate this, here is a quick look at the least expensive auto insurance providers and their prices for different types of drivers in New Jersey.
| Cheapest Car Insurance Company | Average Monthly Cost | Average Annual Cost | |
|---|---|---|---|
| Minimum coverage | GEICO | $53 | $635 |
| Full coverage | GEICO | $131 | $1,576 |
| 16-year-olds | GEICO | $98 | $1,178 |
| 45-year-olds | GEICO | $51 | $607 |
| High-risk drivers | GEICO | $75 | $898 |
| After a speeding ticket | GEICO | $53 | $635 |
| After an accident | GEICO | $72 | $858 |
| After a DUI | GEICO | $100 | $1,201 |
| Poor credit drivers | GEICO | $53 | $635 |
*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.
What Is The Cheapest Car Insurance Company In New Jersey?
In general, we discovered that GEICO provides the most affordable car insurance in New Jersey for the majority of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in New Jersey.
These rates apply to drivers from various age groups, areas, and driving experiences in New Jersey. The cheapest companies are organized by minimum coverage costs.
Cheapest Minimum Coverage In New Jersey: GEICO
Drivers looking for the most affordable coverage that just meets New Jersey state minimum requirements may find it at GEICO for about $53 per month or $635 per year on average.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| GEICO | $53 | $635 |
| NJM | $76 | $917 |
| Plymouth Rock | $79 | $944 |
| Selective | $83 | $995 |
| Allstate | $86 | $1,028 |
| Travelers | $93 | $1,113 |
| Progressive | $107 | $1,289 |
| Farmers | $129 | $1,546 |
| State Farm | $140 | $1,680 |
| Hanover | $283 | $3,391 |
Cheapest Full Coverage In New Jersey: GEICO
If you want complete coverage at the most affordable price, GEICO is the number one choice. The provider offers full-coverage insurance for an average of $131 per month.
Full-coverage insurance policies in New Jersey generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| GEICO | $131 | $1,576 |
| Travelers | $144 | $1,726 |
| NJM | $158 | $1,899 |
| Selective | $186 | $2,228 |
| Progressive | $203 | $2,439 |
| Allstate | $209 | $2,508 |
| Plymouth Rock | $221 | $2,656 |
| State Farm | $270 | $3,236 |
| Farmers | $278 | $3,339 |
| Hanover | $623 | $7,476 |
Cheapest Car Insurance In New Jersey: Age
Below, you’ll find average insurance costs for New Jersey drivers ages 16 to 55 as well as the top five most affordable car insurance companies for each age group. Drivers who are between the ages of 30 and 55 usually receive the most affordable car insurance rates because they have more driving experience. They are also statistically less likely to be involved in car accidents compared to younger drivers.
Average Car Insurance Rates By Age
| Age | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| 16 | $466 | $980 |
| 25 | $119 | $262 |
| 35 | $107 | $223 |
| 45 | $105 | $216 |
| 55 | $100 | $201 |
Cheapest New Jersey Car Insurance: Young Drivers
As mentioned, drivers in their teens and early 20s typically pay the most expensive car insurance rates. That’s mostly because these drivers have less time driving and are more likely to not follow traffic rules and get into accidents.
In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.
Cheapest New Jersey Car Insurance For 16-Year-Olds: GEICO
If you’re a teen driver or the parent of one, GEICO may be your best bet for finding the most affordable car insurance in New Jersey.
The company’s cheapest average rates for 16-year-old drivers are $98 per month or $1,178 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $269 per month or $3,229 per year from GEICO.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $98 | $269 |
| NJM | $191 | $410 |
| Travelers | $231 | $396 |
| Allstate | $249 | $800 |
| Selective | $254 | $513 |
| State Farm | $405 | $770 |
| Plymouth Rock | $543 | $739 |
| Progressive | $651 | $1,432 |
| Farmers | $768 | $1,716 |
| Hanover | $1,268 | $2,757 |
Cheapest New Jersey Car Insurance For 25-Year-Olds: GEICO
Young drivers in their 20s pay much less for car insurance compared to teenagers. However, the rates for this age group can still be high depending on the insurance company you go with.
GEICO provides the cheapest car insurance costs on average at $56 per month or $674 per year for minimum coverage. GEICO costs $144 per month or $1,722 per year for full coverage.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $56 | $144 |
| Plymouth Rock | $79 | $227 |
| NJM | $82 | $173 |
| Allstate | $89 | $222 |
| Travelers | $90 | $144 |
| Selective | $90 | $213 |
| Progressive | $110 | $216 |
| Farmers | $139 | $307 |
| State Farm | $154 | $298 |
| Hanover | $303 | $674 |
Cheapest New Jersey Car Insurance: Adult Drivers
People in their 40s usually have the most affordable car insurance rates. You can compare typical car insurance expenses of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.
Cheapest New Jersey Car Insurance For 35-Year-Olds: GEICO
Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from GEICO. The company offers average minimum-coverage costs of $50 per month or $596 per year. For full coverage, GEICO’s rates average $119 monthly or $1,431 annually.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $50 | $119 |
| NJM | $71 | $143 |
| Selective | $76 | $158 |
| Plymouth Rock | $79 | $216 |
| Allstate | $82 | $196 |
| Travelers | $96 | $144 |
| Progressive | $105 | $190 |
| Farmers | $119 | $249 |
| State Farm | $126 | $241 |
| Hanover | $263 | $572 |
Cheapest New Jersey Car Insurance For 45-Year-Olds: GEICO
Forty-five-year-old drivers may find the most affordable minimum coverage from GEICO, with average rates of $51 per month or $607 per year. The cheapest full coverage comes from GEICO at $120 per month or $1,441 per year.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $51 | $120 |
| NJM | $69 | $136 |
| Selective | $69 | $143 |
| Plymouth Rock | $76 | $210 |
| Allstate | $82 | $196 |
| Travelers | $94 | $136 |
| Progressive | $104 | $185 |
| Farmers | $117 | $233 |
| State Farm | $128 | $240 |
| Hanover | $262 | $558 |
Cheapest New Jersey Car Insurance For 55-Year-Olds: GEICO
In New Jersey, people who are in their 50s usually get the cheapest car insurance rates from GEICO. The insurer’s average premiums are $49 monthly or $585 annually for minimum coverage. The cheapest full coverage option is from GEICO, costing $120 monthly or $1,441 annually
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $49 | $115 |
| Selective | $63 | $130 |
| NJM | $64 | $124 |
| Plymouth Rock | $76 | $210 |
| Allstate | $79 | $172 |
| Travelers | $88 | $125 |
| Progressive | $100 | $169 |
| Farmers | $111 | $226 |
| State Farm | $123 | $228 |
| Hanover | $252 | $512 |
Cheapest Car Insurance In New Jersey: High-Risk Drivers
Besides the kind of coverage you choose and the age of your car, how safely you drive is a big factor in determining the cost of your car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding tickets, at-fault accidents, and DUI convictions.
Average Car Insurance Rates For High-Risk Drivers
Drivers who have a history of multiple violations pay car insurance rates that are higher than the average. On average, New Jersey motorists who are deemed high-risk may find the most affordable rates from GEICO for minimum coverage or GEICO for full coverage.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $75 | $191 |
| NJM | $95 | $201 |
| Plymouth Rock | $105 | $299 |
| Travelers | $139 | $213 |
| Progressive | $140 | $272 |
| Allstate | $142 | $340 |
| Selective | $146 | $321 |
| Farmers | $300 | $683 |
| State Farm | $344 | $669 |
| Hanover | $406 | $885 |
Cheapest New Jersey Car Insurance For Drivers With A Speeding Ticket: GEICO
Drivers with a speeding citation on their record can generally find the most affordable coverage from GEICO, with average rates of $53 per month or $635 per year for minimum coverage and $131 per month or $1,576 per year for full coverage.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $53 | $131 |
| Plymouth Rock | $98 | $284 |
| NJM | $101 | $214 |
| Allstate | $104 | $251 |
| Travelers | $116 | $185 |
| Selective | $129 | $288 |
| Progressive | $133 | $261 |
| Farmers | $181 | $403 |
| State Farm | $246 | $477 |
| Hanover | $369 | $810 |
Cheapest New Jersey Car Insurance For Drivers With An At-Fault Accident: GEICO
Getting into a car accident in New Jersey may lead to higher car insurance costs. GEICO tends to offer the most affordable rates on average at about $72 per month or $858 per year for minimum coverage and $182 per month or $182 per year for full coverage.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $72 | $182 |
| NJM | $83 | $173 |
| Plymouth Rock | $115 | $328 |
| Selective | $146 | $309 |
| Travelers | $158 | $236 |
| Progressive | $162 | $318 |
| Allstate | $200 | $474 |
| State Farm | $232 | $450 |
| Farmers | $347 | $765 |
| Hanover | $407 | $891 |
Cheapest New Jersey Car Insurance For Drivers With A DUI: GEICO
If you’re a motorist with a DUI conviction, you may find the cheapest minimum car insurance in New Jersey from GEICO for $100 per month or $1,201 per year on average. They also have rates of $260 monthly or $3,120 annually for full coverage.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $100 | $260 |
| Plymouth Rock | $101 | $284 |
| NJM | $101 | $214 |
| Allstate | $123 | $295 |
| Progressive | $123 | $236 |
| Travelers | $142 | $217 |
| Selective | $163 | $367 |
| Farmers | $372 | $880 |
| Hanover | $443 | $954 |
| State Farm | $554 | $1,082 |
Cheapest New Jersey Car Insurance For Drivers With Poor Credit: GEICO
People who have low credit scores have to pay more money for their car insurance. Those who don’t have the best credit history may want to check out GEICO, which has an average minimum-coverage rate of $116 per month or $1,392 per year and an average full-coverage rate of $310 per month or $3,723 per year.
| Cheapest Car Insurance in New Jersey | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $116 | $310 |
| NJM | $146 | $279 |
| Allstate | $160 | $377 |
| Progressive | $163 | $336 |
| Selective | $169 | $341 |
| Plymouth Rock | $174 | $543 |
| Travelers | $224 | $310 |
| Farmers | $377 | $909 |
| State Farm | $576 | $1,123 |
| Hanover | $811 | $1,806 |
Average Cost Of Car Insurance In 10 New Jersey Cities
Another thing that affects how much you pay for car insurance in New Jersey is where you live. Auto insurance companies consider drivers riskier to cover in areas with:
- Larger groups of people
- There is an increase in the number of cars traveling on the road.
- More car accidents happening at an increased rate.
- More instances of breaking traffic rules
- More incidents of car theft and auto vandalism
- Extreme weather conditions
Certain factors that increase the likelihood of risk have a greater impact on car owners residing in big cities. This is why drivers in busy cities have to bear the highest average cost of car insurance for the minimum coverage. On the other hand, drivers in rural areas with lower crime rates and smaller populations are more likely to enjoy lower insurance rates.
| City | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Newark | $151 | $308 |
| Lakewood | $123 | $235 |
| Elizabeth | $153 | $299 |
| Passaic | $153 | $298 |
| Union City | $149 | $286 |
| Toms River | $107 | $204 |
| Jersey City | $140 | $276 |
| New Brunswick | $122 | $226 |
| Wayne | $109 | $220 |
| Irvington | $151 | $308 |
Top 5 Car Insurance Companies In New Jersey
Besides the cost, we have examined more than 40 insurance companies according to their coverage, service, and dependability. This helps us identify the five best insurers for people living in New Jersey. Based on our research, we found GEICO to be the best provider for most drivers in New Jersey. Here are the ratings we gave to our top recommendations.
| Overall Rating | Cost | Coverage | Reliability | Service | |
|---|---|---|---|---|---|
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5.0 | 4.5 |
| #2 Travelers | 4.6 | 4.4 | 4.9 | 4.5 | 4.2 |
| #3 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #4 Progressive | 4.5 | 4.0 | 4.8 | 4.8 | 4.1 |
| #5 Allstate | 4.4 | 3.8 | 4.6 | 4.8 | 4.2 |
*The overall and category ratings above are based on nationwide factors.
How To Get The Cheapest Car Insurance In New Jersey
In New Jersey, you have various options for reducing the costs of your car insurance. These include:
- Opting for minimum coverage: If you just get the minimum coverage that your state requires, you will have the least expensive car insurance.
- Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
- Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
- Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
- Comparing quotes: Getting estimates from different companies can give you an idea of which provider is offering the best offer.
Many insurers offer usage-based insurance programs as a great way to save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may be eligible for a significant discount. However, certain programs may increase your rates if you engage in risky driving behaviors.
Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.
What Does New Jersey Require For Car Insurance?
Drivers in New Jersey must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:
- $5,000 property damage liability per accident
- $15,000 personal injury protection
Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.
Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.
Our Take: Best Cheap Car Insurance in New Jersey
When it comes to both minimum and full coverage, GEICO is the best and most affordable car insurance company for most drivers in New Jersey. While the above costs can give you an idea of what you’d pay for car insurance in New Jersey, seeking an individualized rate will help give you a more accurate picture of what you’ll pay.
Many companies offer quick and free online tools for getting quotes. Alternatively, you can also directly contact an insurance agent or representative from the company. Once you have gathered quotes from three or more providers, compare them to find the best option for you.
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Best Cheap Car Insurance In New Jersey: FAQ
Here are some frequently asked questions about car insurance in New Jersey:
How much is car insurance per month in New Jersey?
Is New Jersey Car Insurance Cheaper?
How We Rate Insurers
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Data accurate at time of publication.