How much is full coverage insurance in New Jersey?

Car insurance in New Jersey costs $107 per month or $1,283 per year for minimum coverage, on average. The cheapest car insurance companies in New Jersey are Geico, Amica, and NJM, and getting quotes from several companies can help you find the best deal.

The average cost of car insurance in New Jersey is 91% higher than the ... read full answernational average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in New Jersey, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.

Average Cost of Car Insurance in New Jersey by Category

• After an at-fault accident: $349 per month
• Driver with poor credit: $199 per month
• Teen driver: $441 per month
• After a DUI: $195 per month

Average Cost of Car Insurance in New Jersey by Company

Note: Rates are an approximation based on a 45-year-old man in New Jersey with a clean driving record. Actual rates will vary.

Average Cost of Car Insurance in New Jersey by Age

Note: Rates are an approximation based on a driver in New Jersey with minimum coverage and a clean driving record. Actual rates will vary.

How to Lower the Cost of Car Insurance in New Jersey

1. Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.
2. Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.
3. Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.
4. Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.

To learn more, check out our guide to how much car insurance you need in New Jersey as well as our picks for the cheapest car insurance companies in New Jersey.

Full coverage insurance costs $1,997 per year or $166 per month, on average. Full coverage car insurance is more expensive than the legal minimum auto insurance coverage because full coverage usually includes collision and comprehensive insurance as well as the minimum coverage required by a state.

The cost of full coverage car insurance varies based on the state, the driver’s chosen coverage limits, the driver’s risk factors, and the vehicle’s value. Additionally, ... read full answercomprehensive and collision insurance are subject to a deductible, and drivers can select a higher deductible in return for a lower premium. Drivers can also minimize the cost of full coverage car insurance by comparing rates and checking for discounts.

Cheapest Full Coverage Insurance Companies

1. Esurance - $1,548 per year
2. Geico - $1,675 per year
3. Mercury - $1,919 per year
4. USAA - $2,002 per year
5. Progressive - $2,016 per year

Full coverage insurance in New Jersey is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $15,000 in bodily injury coverage per person, up to $30,000 per accident, and $5,000 in property damage coverage. Full coverage in New Jersey also includes optional collision and comprehensive insurance... read full answer. As a result, full coverage insurance costs an average of $2,936 per year in New Jersey, while a state minimum policy costs $1,283 per year.

If you can’t afford to repair or replace your car after an accident, collision and comprehensive are important coverage types—even if they’re not required. Collision insurance covers repair or replacement costs if you are in an accident, drive into an object, or flip your car. Comprehensive insurance covers repair or replacement costs if your car is damaged by falling objects, natural disasters, floods, fires, theft, vandalism, or animals. Full coverage insurance costs an average of $2,936 per year in New Jersey, while a state minimum policy costs $1,283 per year. Lenders usually require collision and comprehensive in addition to the insurance you must have under New Jersey law when you finance a car.

Most people should also choose higher liability coverage limits than what is required by New Jersey law. If you cause an accident and your liability limits don’t cover the whole bill, you are still personally responsible for the rest. In the end, “full coverage” means having the right amount of coverage to protect your assets in a worst-case scenario.