Note from the editor: Perhaps you are looking for car insurance for your first time, or are trying to lower your monthly premium by shopping for insurance. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not be able to see exact premiums, they will give you an idea about the best rates available in your area.
New Jersey has 39,000 miles of roads and highways, so there is plenty to do driving.
Is your car insurance coverage really the best? We compared the cost of car insurance in New Jersey to find the lowest estimated rates for the most coverage.
We used a fairly neutral driver profile, meaning that there were no claims, tickets or accidents. Your driving record and other factors such as your vehicle’s mileage, age, and coverage choices can all impact the rates you receive.
Continue reading to find out about New Jersey’s auto insurance rates. We also reveal our findings regarding the most affordable basic coverage options.
New Jersey car insurance rates
Monthly premiums for basic New Jersey car insurance range from less than $50 to more than $250 per month depending on what type of coverage is selected and the driver profile.
Monthly average auto insurance premiums in New Jersey
|
Driver and coverage |
Avg. Monthly cost |
|---|---|
| New Jersey offers full-coverage auto insurance | $228.08 |
| New Jersey has a minimum state-minimum requirement for car insurance | $120.37 |
| New Jersey drivers with poor credit | $214.71 |
| New Jersey Drivers with Multiple Claims | $260.46 |
| Young drivers in New Jersey | $178.50 |
Based upon our standard driver profile, minimum coverage, unless noted
The cheapest car insurance in New Jersey
Geico may be the most affordable car insurance in New Jersey for basic coverage for several driver profiles. Rates have been calculated based on a New Jersey driver profile. This allows us to compare insurers and determine the most cost-effective rates for an average driver. We also get the best idea of coverage and costs. Your rates may be different.
Our New Jersey driver profile, unless otherwise noted, has a credit score between 680 and 719, is between 35 and 45 years of age, and drives a car valued at $20,000 to $3,000.
1. Geico
Geico car insurance is well-known for its variety of discounts. Geico may be as low as $67 per monthly for drivers who meet our New Jersey driver profile. Geico also offers additional coverage, such as comprehensive, collision, medical and uninsured/underinsured motorist — and extras like emergency roadside services, rental reimbursement and mechanical breakdown insurance.
See reviews about Geico auto insurance.
2. Palisades Group
Palisades Group may offer minimal car insurance starting at $75.29 per mo for New Jersey drivers. Palisades has been in business since 1960 and offers a variety of personal insurance options, including auto, boat homeowners, life, and health insurance. You can email Palisades to get a quote and/or purchase coverage through this small family-owned business or call an agent to speak with them over the phone.
3. New Jersey Manufacturers
New Jersey Manufacturers (or NJM) offers basic car insurance coverage starting at $77.52 per month. NJM offers comprehensive and collision auto insurance policies. These policies include coverage for pets, new car replacement, and transportation expense coverage. You can customize your policy by adding gap insurance, roadside help and a higher rental reimbursement limit.
4. Amica Mutual
Amica Mutual was founded in 1907 and sells car insurance directly to customers. For as low as $81.29 per monthly, those who meet our New Jersey driver profile can get car insurance rates with basic coverage. You can also get standard full-coverage insurance, loan/lease coverage and glass coverage. Rental reimbursement is also available.
5. State Farm
State Farm could offer basic rates starting at $94.83 per monthly for a New Jersey driver profile. State Farm offers all standard coverage options, as well as additional services like rideshare insurance. State Farm offers discounts that are significant and allow safe drivers to save money.
See reviews about State Farm auto insurance.
The cheapest full-coverage auto insurance in New Jersey
Full-coverage car insurance is the most comprehensive. It generally includes bodily injury, property loss, personal injury protection, collision, and comprehensive coverage.
Full coverage is typically more expensive than basic insurance. These five companies offer full-coverage insurance at the lowest prices in New Jersey.
5 Best Full-Coverage Car Insurance Companies in New Jersey
|
1 |
New Jersey Manufacturers |
$130.94/month |
|
2 |
Selective Insurance |
$151.33/month |
|
3 |
Geico |
$159.17/month |
|
4 |
Mercury |
$170.71/month |
|
5 |
State Farm |
$172.83/month |
Based upon our standard driver profile, seeking full coverage in New Jersey rather than minimum coverage
The cheapest state-minimum auto insurance in New Jersey
You might be driving an older vehicle or need the minimum coverage to legally drive in New Jersey. You may be interested in basic or state minimum car insurance. These insurers offer the lowest rates for standard drivers in New Jersey who are interested in coverage beyond state-minimum.
The cheapest New Jersey car insurance companies for state-minimum coverage
|
1 |
Geico |
$67.00/month |
|
2 |
Palisades Group |
$75.29/month |
|
3 |
New Jersey Manufacturers |
$77.52/month |
|
4 |
Amica Mutual |
$81.29/month |
|
5 |
State Farm |
$94.83/month |
Based upon our standard driver profile, seeking minimum coverage in New Jersey
Best car insurance for people with good credit in New Jersey
There are many factors that can impact the price of your insurance premium. Your credit score is one of these things. If you have excellent credit, you will likely pay less for your car insurance. You may be able to find the best rates from the following car insurance companies if your credit score is high.
The cheapest car insurance in New Jersey for people with good credit
|
1 |
Geico |
$50.52/month |
|
2 |
Palisades Group |
$61.24/month |
|
3 |
New Jersey Manufacturers |
$66.88/month |
|
4 |
Travelers |
$70.83/month |
|
5 |
Amica Mutual |
$72.83/month |
Based upon our standard driver profile, adjusted for rates for New Jersey drivers with a credit score greater than 720
Lowest car insurance in New Jersey for people with poor credit
Your credit score is not the only thing that can affect car insurance costs. However, if you have poor credit, you might end up paying more for insurance.
You might still be working to improve your credit scores. If so, you may want to look at these insurers. They have the lowest car insurance and minimal coverage for New Jersey drivers who have poor credit.
The cheapest car insurance in New Jersey for people with bad credit
|
1 |
Selective Insurance |
$115.15/month |
|
2 |
New Jersey Manufacturers |
$127.27/month |
|
3 |
Geico |
$136.31/month |
|
4 |
Palisades Group |
$153.13/month |
|
5 |
Foremost |
$162.00/month |
Based upon our standard driver profile, adjusted for New Jersey drivers with a credit score of below 580
Cheapest car Insurance for Drivers with Multiple Claims in New Jersey
Insurance companies can also charge you more for coverage if you have a history of claims. Rates may rise for drivers with more claims. These companies offer basic car insurance at the lowest rates for drivers who have multiple claims.
5 Best Car Insurance Companies in New Jersey For Multiple Claims
|
1 |
Amica Mutual |
$81.29/month |
|
2 |
Geico |
$111.89/month |
|
3 |
New Jersey Manufacturers |
$113.48/month |
|
4 |
Selective Insurance |
$151.46/month |
|
5 |
Palisades Group |
$167.17/month |
Based upon our standard driver profile, adjusted for New Jersey drivers with two claims instead
Cheapest insurance for young drivers in New Jersey
Insurance scores also consider your experience. Drivers with less experience pay more than those with more.
The following companies had the lowest rates for 18-to-21-year-olds, according to our research.
The cheapest New Jersey car insurance companies for young drivers
|
1 |
Geico |
$96.69/month |
|
2 |
New Jersey Manufacturers |
$108.54/month |
|
3 |
Palisades Group |
$131.33/month |
|
4 |
Mercury |
$139.46/month |
|
5 |
Selective Insurance |
$143.00/month |
Based upon our standard driver profile. Adjusted to show rates for a New Jersey driver aged 18-21 instead 36-45
New Jersey auto insurance requirements
New Jersey mandates that all drivers have basic auto insurance. The basic policy covers $5,000 per accident for personal damage liability coverage, $15,000 per individual per accident for personal injury protection and up to $250,000 in specific injuries. Your coverage obligations will be greater if you have a car lease or loan.
Is there usage-based insurance in New Jersey
Vehicle insurance that is based on driving habits allows customers to pay premiums. New Jersey drivers might be eligible for programs that reward them if they report safe driving habits.
FAQs regarding the lowest car insurance rates in New Jersey
How do I lower my New Jersey car insurance?
There are many options to reduce your car insurance premium. You can request a higher deductible. This is the amount you pay for any claim before your insurance kicks in. Higher deductibles generally mean lower monthly payments. You can also check for discounts that you may be eligible for, such as those for safe driving habits and bundling multiple insurance policies.
What’s the basic car insurance policy in New Jersey?
The minimum amount of car insurance that New Jersey requires is basic car insurance. It covers personal damage liability coverage up to $5,000 per accident, $15,000 per person for personal injury protection, and up to $250,000 in certain injuries. Basic auto insurance is the most affordable type of auto insurance.
Is NJM Insurance cheap?
New Jersey Manufacturers (or NJM) is one of our top picks for car insurance. It may be a good option for young drivers, as it offers car insurance starting at $77.52 per monthly.
Methodology
Based on a profile of a New Jersey driver aged 36-45, the rates for basic coverage in this article are the lowest. The rates shown assume that there is only one driver on the policy, with no driving tickets and no coverage lapses. This estimate assumes that the vehicle is worth between $20,000 to $30,000 with an annual mileage of 12,000-15,000 and has an estimated value of $20,000 to $30,000 Rates for insurance for good credit are based on scores between 720 and 15,000. Rates for insurance for people with poor credit range from 350 to 579. The estimated rates for young drivers are those aged 18-21. Rates for multiple claims are based on two claims.
Quadrant Information Services provides rates every six months. Quadrant Information Services does not include all insurance companies in their rate data. These rates are estimates and should not be used as a comparison. Rates can vary depending on many factors such as your age, driving habits, and past.
The average monthly premium for full coverage car insurance includes property damage, bodily injury, collision, and comprehensive coverages. The average monthly premium for state-minimum auto insurance includes a New Jersey-mandated insurance policy of 15/30/5.