Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
The average cost of car insurance in New Jersey ranges from $1,188 per year for 65-year-olds to $1,188 per year for 16-year-olds. New Jersey residents with a good driving record generally see their car insurance premiums drop around age 25, and average rates continue to fall as policyholders age. However, around age 65, you will likely start to see your rates increase again.
Average Cost of Car Insurance in New Jersey by Age
| Age | Average Premium |
| 16 | $5,286 per year |
| 25 | $1,436 per year |
| 35 | $1,312 per year |
| 45 | $1,283 per year |
| 55 | $1,238 per year |
| 65 | $1,188 per year |
Note: Premiums are representative of a male driver with a minimum coverage policy and a clean driving record; individual premiums will vary.
Your car insurance premiums will generally decrease as you get older if you maintain a good driving record. However, there are other ways to lower your car insurance premiums before then, such as looking for discounts, increasing your deductible or comparing quotes from multiple companies.
To learn more, check out WalletHub’s guide to average car insurance rates by age and state.
People also ask
At what age is car insurance cheapest?
Car insurance is cheapest around age 55, on average, according to WalletHub data. Middle-aged drivers with experience on the road are the least expensive to insure because they have the lowest accident and claims rates, especially compared to senior and teenage drivers, who are the most likely to be involved in car crashes. Overall, car insurance is cheapest for drivers aged 35-65.
Cheapest Ages for Car Insurance
| Age | Average Premium |
How much is full coverage insurance in New Jersey?
Full coverage insurance in New Jersey costs $245 per month, or $2,936 per year, on average. This is more expensive than the national average cost of full coverage, which is $2,117 per year.
Cheapest Full Coverage Car Insurance in New Jersey
| Company | Average Yearly Cost | Average Monthly Cost |
| $1,336 per year | $111 per month | |
| ... | $144 per month |
What car insurance discounts are available in New Jersey?
You can get car insurance discounts in New Jersey based on how you drive, the car you own, and your relationship with your insurance company. In New Jersey, car insurance companies are allowed to consider factors such as employment, residential, and marital status when setting premiums. That means there are also discounts available for being married, owning a home, or being affiliated with certain employers or educational institutions.
Almost anyone can get a discount on...
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