You can get pay-per-mile insurance in New Jersey from Allstate Milewise and Metromile. Pay-per-mile insurance is a type of car insurance policy that charges drivers a daily or monthly base rate plus a few cents for each mile driven. Each policyholder’s base rate is calculated according to normal car insurance rating factors, such as driving record, age, and ZIP code.
Notable Pay-Per-Mile Insurance Companies in New Jersey
Pay-per-mile insurance can be an easy way for New Jersey drivers to save if they use their cars infrequently. For example, retirees, remote workers, and students who walk to class can benefit from pay-per-mile insurance. Individuals or families with an extra car that is rarely used should also consider pay-per-mile coverage.
Yes, Metromile offers full coverage insurance for customers who choose to buy it. Metromile sells all the components of full coverage, including liability, collision, and comprehensive coverage, plus any type of insurance that a state might require, such as uninsured motorist insurance or personal injury protection.
Current and potential Metromile customers can call the company at 1-888-242-5204 to ask about the coverage that is available in their state. For more information, check out WalletHub’s Metromile car insurance review.
In New Jersey, drivers need $15,000 in personal injury protection insurance (up to $250,000 for certain injuries) and $5,000 in property damage liability insurance. Insurers in New Jersey offer basic and standard insurance plans, which are two different options that both fulfill the state’s coverage requirements. The difference is that standard plans are more expensive and include $15,000 per person in bodily injury liability coverage ($30,000 per accident). Standard plans also allow drivers to purchase higher PIP and property damage liability limits.… read full answer
New Jersey does not require uninsured/underinsured motorist coverage, which applies when the at-fault driver does not have any liability insurance or does not have high enough liability limits to pay for the damage. Instead, personal injury protection can pay for medical expenses for you and your passengers in New Jersey.
Here’s How Much Car Insurance Drivers Need in New Jersey:
Car Insurance for a Leased or Financed Car in New Jersey
If you lease or finance your car, you may be required to carry coverage types that are not mandatory under New Jersey law.
Lenders usually require comprehensive and collision insurance. Collision insurance covers repairs to your car when you hit another car or object. If the damage to your vehicle was caused by something other than a collision—like a natural disaster, vandalism, falling objects, or animals—it is most likely covered by comprehensive insurance.
You might also have to get gap insurance, which covers the difference between what you owe on your loan and what the vehicle is worth at the time of a total loss.
Car insurance in New Jersey costs $107 per month, on average, or $1,287 per year. The average cost of car insurance in New Jersey is 79% higher than the national average auto insurance premium, and New Jersey ranks 48 out of 50 for the most affordable car insurance rates in the U.S.… read full answer
Average Cost of Car Insurance in New Jersey by Category
Clean driving record: $1,287 per year
After an at-fault accident: $2,043 per year
Driver with poor credit: $2,159 per year
Teen driver: $4,267 per year
After a DUI: $2,499 per year
There are several factors that affect how much you’ll pay for car insurance in New Jersey, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from. On average, the cheapest insurance companies in New Jersey are Geico, State Farm, and NJM Insurance. But every insurer has their own way of calculating premiums, so it’s a good idea to get quotes from at least three different companies to make sure you find the best deal.
Finally, it’s worth noting that car insurance premiums in New Jersey are average, compared to the cost of coverage in neighboring states like New York and Delaware. You can find more details in the table below.
Cost of Car Insurance in New Jersey vs. Neighboring States
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