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
Company | Minimum Coverage | Full Coverage |
Allstate | $879 per year | $2,704 per year |
Amica | $523 per year | $2,210 per year |
Esurance | $1,365 per year | $3,045 per year |
Foremost | $1,529 per year | $3,989 per year |
Geico | $450 per year | $1,336 per year |
Hanover | $2,691 per year | $7,209 per year |
Mercury | $1,435 per year | $3,116 per year |
NJM | $591 per year | $1,726 per year |
Progressive | $3,236 per year | $3,713 per year |
State Farm | $958 per year | $1,971 per year |
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
Age | Average Annual Premium |
16 years old | $5,286 per year |
17 years old | $4,240 per year |
18 years old | $3,831 per year |
19 years old | $2,759 per year |
20 years old | $2,475 per year |
21 years old | $2,004 per year |
22 years old | $1,852 per year |
23 years old | $1,715 per year |
24 years old | $1,623 per year |
25 years old | $1,436 per year |
35 years old | $1,312 per year |
45 years old | $1,283 per year |
55 years old | $1,238 per year |
65 years old | $1,188 per year |
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
- 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.
- 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.
- 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.
- 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.
show less