Who Has the Cheapest Car Insurance Quotes in New Jersey? (2023)
Who Has the Cheapest Car Insurance Quotes in New Jersey? (2023)
Geico has the cheapest auto insurance in New Jersey at $44 per month for minimum coverage and $87 per month for full coverage.
Best cheap car insurance companies in New Jersey
To find the cheapest and highest rated car insurance in NJ, we gathered quotes from the largest companies for every ZIP code in the state.
Companies were ranked based on convenience, customer service and coverage availability. We also rated the best companies based on cost for different kinds of drivers.
Quotes for minimum coverage in New Jersey are based on the state's legal requirements for car insurance coverage. Quotes for full-coverage policies include higher liability limits than state minimums plus collision and comprehensive coverage.
Cheapest car insurance quotes in New Jersey: Geico
Geico has the cheapest minimum-coverage car insurance quotes in New Jersey. At $44 per month, a policy from Geico is half the cost of the state average.
The average cost of minimum-coverage car insurance in New Jersey is $86 per month, or $1,036 per year.
Find Cheap Auto Insurance Quotes in New Jersey
Drivers can also get cheap car insurance in New Jersey from Plymouth Rock, NJM and State Farm. All three companies have cheaper rates than average in New Jersey.
Cheapest NJ car insurance companies
Company | Monthly rate | |
|---|---|---|
| Geico | $44 |
| Plymouth Rock | $67 |
| NJM | $74 |
| State Farm | $79 |
| Travelers | $94 |
Minimum-coverage auto insurance quotes meet the car insurance requirements in New Jersey. That includes $25,000 in bodily injury liability per person and $50,000 per accident, $25,000 in property damage coverage and $15,000 of personal injury protection (PIP).
Unlike full-coverage policies, minimum coverage doesn't include comprehensive and collision insurance.
Minimum coverage costs less than full coverage, so you'll pay less each month. However, you might not have enough protection after an accident, so you could face a large, unexpected bill.
Cheapest full-coverage car insurance in NJ: Geico
Geico has the cheapest full-coverage auto insurance quotes in New Jersey. Coverage from Geico costs an average of $87 per month — or $1,040 per year.
The average cost of full-coverage car insurance in New Jersey is $159 per month, which is almost twice as expensive as a liability-only policy.
Cheapest NJ companies for full coverage
Company | Monthly rate |
|---|---|
| Geico | $87 |
| State Farm | $126 |
| Progressive | $141 |
| NJM | $141 |
| Plymouth Rock | $141 |
Comprehensive and collision coverages are included in full-coverage policies. This helps pay for damage to your car after most accidents, thefts, natural disasters and vandalism.
Cheap car insurance in NJ after a driving violation
Drivers who have caused an accident, received a speeding ticket or had a DUI will pay more for car insurance than those who have a clean driving record. Choosing the right car insurance company can help keep your rate increases as small as possible.
Find Cheap Auto Insurance Quotes in New Jersey
Cheapest NJ quotes for people with a speeding ticket: Geico
Geico has the cheapest car insurance quotes in New Jersey for drivers who have one speeding ticket on their driving records. After a ticket, a full-coverage policy from Geico costs $87 per month. That's the same price you'd pay if you hadn't gotten a speeding ticket. Geico doesn't raise rates for some drivers after a single speeding ticket.
State Farm and Plymouth Rock also might not charge higher rates after a first speeding ticket. However, coverage from State Farm is $39 per month more expensive than Geico, and quotes from Plymouth Rock are higher still.
Cheapest car insurance with a ticket
Company | Monthly rate |
|---|---|
| Geico | $87 |
| State Farm | $126 |
| Plymouth Rock | $141 |
| NJM | $173 |
| Progressive | $188 |
New Jersey drivers with a speeding ticket pay about 44% more for insurance than those with a clean record. Being involved in an accident raises the cost of car insurance by 80% on average.
Cheapest car insurance after an accident: Geico
Geico has the cheapest rates for New Jersey drivers that have caused an accident. The average cost of full coverage with Geico is $120 per month. That's 58% cheaper than the average for car insurance after an accident.
Company | Monthly rate |
|---|---|
| Geico | $120 |
| NJM | $141 |
| Plymouth Rock | $193 |
| State Farm | $205 |
| Progressive | $228 |
Drivers with an accident on their records should also compare quotes from NJM, which doesn't typically raise rates after a single at-fault accident, especially if you have accident forgiveness. A full-coverage policy costs $141 per month, which is the same rate that drivers with clean records pay for NJM Insurance.
Cheapest car insurance quotes after a DUI: Plymouth Rock
Plymouth Rock has the cheapest car insurance quotes for drivers in New Jersey who have had a DUI. Car insurance from Plymouth Rock costs $165 per month. That's 39% less than the average DUI rate.
Company | Monthly rate |
|---|---|
| Plymouth Rock | $165 |
| Progressive | $170 |
| Geico | $170 |
| NJM | $173 |
| Allstate | $303 |
After a DUI, the average cost of car insurance in New Jersey increases to $272 per month for full coverage. That's $113 per month more expensive than the average for drivers with clean records.
Cheapest car insurance quotes for drivers with poor credit: Geico
New Jersey drivers with poor credit scores can find the cheapest car insurance quotes from Geico. At $195 per month, full-coverage car insurance from Geico is 44% cheaper than the average for drivers with bad credit.
Company | Monthly rate |
|---|---|
| Geico | $195 |
| Progressive | $226 |
| NJM | $232 |
| State Farm | $264 |
| Plymouth Rock | $331 |
Auto insurance companies in New Jersey charge drivers with poor credit more for insurance because they're considered more likely to make a claim. Drivers with bad credit can expect to pay around $186 per month more in New Jersey for full-coverage insurance than those with good credit scores.
Cheapest car insurance quotes for young drivers in New Jersey: Geico
Geico has the cheapest car insurance quotes for 18-year-old drivers in New Jersey. A minimum-coverage policy costs around $85 per month — that's 68% cheaper than average. Geico is also the cheapest company for full coverage at $182 per month, on average.
The average cost of car insurance for young drivers in New Jersey is more than twice as much as the cost for a 30-year-old driver.
Cheapest NJ car insurance for teens
Company | Liability only | Full coverage |
|---|---|---|
| Geico | $85 | $182 |
| NJM | $160 | $286 |
| Travelers | $207 | $444 |
| Allstate | $237 | $612 |
| State Farm | $242 | $371 |
Teen drivers typically pay higher car insurance rates because drivers with less driving experience tend to get in more accidents.
Young drivers should stay on their parent's car insurance policy to save on car insurance rates. Adding an 18-year-old driver to an existing policy is much more affordable than buying a stand-alone policy as a teen.
Cheapest car insurance quotes for young drivers with a speeding ticket: Geico
Geico offers the cheapest car insurance for young drivers if they get a speeding ticket. A minimum-coverage policy from Geico costs $85 per month, which is 78% cheaper than the statewide average.
In addition to being the cheapest company, Geico doesn't always increase quotes for young drivers after they receive a ticket for speeding.
Company | Monthly rate |
|---|---|
| Geico | $85 |
| NJM | $201 |
| State Farm | $242 |
| Travelers | $264 |
| Allstate | $298 |
Cheapest car insurance for teen drivers after an accident: Geico
Geico is also the cheapest car insurance company for young drivers with one at-fault accident on their driving records. Minimum-coverage insurance from Geico costs $96 per month, which is 79% less than average. NJM also offers cheap quotes for 18-year-old drivers after an accident.
Company | Monthly rate |
|---|---|
| Geico | $96 |
| NJM | $160 |
| Travelers | $349 |
| State Farm | $403 |
| Plymouth Rock | $428 |
Cheapest car insurance for married drivers: Geico
Geico is the cheapest option for married drivers in New Jersey, even though the company actually raises its rates slightly for married individuals.
Overall, the average cost of full-coverage auto insurance is 3% cheaper for married drivers in New Jersey.
Company | Monthly rate per car |
|---|---|
| Geico | $95 |
| Progressive | $125 |
| State Farm | $126 |
| NJM | $134 |
| Plymouth Rock | $136 |
It's common for insurance companies to offer slightly cheaper quotes to married drivers because they tend to be involved in fewer accidents.
Best car insurance in New Jersey
NJM is the best car insurance company in New Jersey based on cheap rates, dependable service and great coverage.
State Farm is also a highly rated auto insurance company for New Jersey drivers. It offers dependable customer service, online tools that are easy to use and cheap quotes.
Best NJ car insurance companies
Company |
Editor's rating
|
J.D. Power
|
AM Best
|
|---|---|---|---|
| NJM | 844 | A+ | |
| State Farm | 842 | A++ | |
| Geico | 835 | A++ | |
| Farmers | 815 | A | |
| Travelers | 829 | A++ |
Customer service and coverage options are important parts of choosing the best car insurance policy.
While finding an affordable rate for insurance is key, ultimately, insurance is a service. A company with great customer service will help get your life back to normal quickly after an accident.
Average cost of car insurance in New Jersey by city
The most expensive cities in New Jersey for car insurance are Newark and Irvington, at $235 per month.
Drivers in Madison have the cheapest quotes in the state, with an average rate of $137 per month.
City | Monthly cost | % from average |
|---|---|---|
| Absecon | $175 | 10% |
| Adelphia | $158 | -1% |
| Allendale | $149 | -6% |
| Allenhurst | $155 | -3% |
| Allentown | $145 | -9% |
New Jersey auto insurance coverage requirements
New Jersey increased its minimum bodily injury and property damage liability limits on Jan. 1, 2023. You should contact your insurance company to make sure you have enough coverage to meet the new limits.
Coverage | Minimum requirements |
|---|---|
| Bodily injury liability | $25,000 per person/$50,000 per accident |
| Property damage liability | $25,000 per accident |
| PIP | $15,000 |
If you had a minimum-coverage policy last year, expect your car insurance rates to go up during your 2023 renewal because your new policy will meet the new minimum requirements.
What to do if you have a rate increase in 2023:
- Shop around to find the company with the best rates for you
- See if you qualify for car insurance discounts, which could save you hundreds of dollars
- Reconsider your coverage and deductible
New Jersey drivers have the option of choosing between different types of policies:
- A basic policy is the minimum coverage required by the state. These are the cheapest car insurance plans available. Some basic policies do not let you add on comprehensive and collision insurance, depending on the company.
- A standard policy has better liability coverage than the basic plan. You also have the option to add on uninsured or underinsured motorist coverage.
- A full-coverage plan is when you add comprehensive and collision coverage to a standard policy. If you have a car loan or lease, you'll typically need to have full coverage.
Most New Jersey drivers should consider higher liability limits than the state requires plus comprehensive and collision coverage.
Minimum-coverage plans may not be enough to fully cover the cost of damage in an expensive accident. If you crash into a new luxury car, your insurance will pay the expensive bill for the luxury car's repairs. That's why having extra liability coverage is a good idea if you can afford it.
Limited vs. unlimited right to sue for noneconomic losses
New Jersey's car insurance regulations are unique because drivers have the choice of a limited or unlimited right to sue for noneconomic losses after a car crash, which means the ability to sue for pain and suffering.
What are noneconomic losses?
Noneconomic losses are typically referred to as "pain and suffering" losses that can't be easily calculated, like loss of companionship or pleasure in life. This is different from suing for measurable damages, like income loss from missing work or medical payments to cover your hospital bills.
What's the difference between a limited and unlimited right to sue?
A limited right to sue means you agree beforehand not to sue for pain and suffering. You can only sue for pain and suffering if your injury results in the loss of a limb, major disfigurement or scarring, a displaced fracture, the loss of a fetus, permanent injury to a body part or organ so that it can't heal normally or death.
Picking a limited right to sue (basic policies) usually means paying lower premiums. An unlimited right to sue (standard policies) can cost about 30% more than the limited option.
You can sue for economic losses with either type of policy, but you have to pick between a limited right to sue or an unlimited right to sue for noneconomic losses.
Frequently asked questions
What is the average cost of car insurance in New Jersey?
The average cost of auto insurance in New Jersey is $1,036 per year, or $86 per month, for a minimum-coverage policy. A full-coverage policy costs around $159 per month, or $1,912 per year.
Who has the cheapest car insurance in New Jersey?
Geico has the cheapest car insurance quotes in New Jersey for most drivers. A minimum-coverage policy from Geico costs around $44 per month, while full-coverage insurance from Geico costs $87 per month, on average.
Who has the cheapest auto insurance in New Jersey for young drivers?
Geico has the cheapest car insurance in New Jersey for young drivers, at $85 per month for a minimum-coverage policy.
How much car insurance do I need in New Jersey?
New Jersey drivers are required to have at least $25,000 per person and $50,000 per accident of bodily injury liability coverage, $25,000 of property damage liability coverage and $15,000 of PIP. New Jersey also has a "basic" car insurance policy available with even lower limits. However, if you opt for a basic plan, you limit your right to sue the other party after an accident, so it's not recommended unless it's the only policy you can afford.
Methodology
We collected thousands of rates from ZIP codes across New Jersey for the largest insurers in the state. Rates were for a 30-year-old man with good credit who drives a 2015 Honda Civic EX.
Unless otherwise noted, rates are based on a full-coverage policy with collision and comprehensive coverage plus higher liability limits than state minimum requirements.
Coverage | Limit |
|---|---|
| Bodily injury (BI) liability | $50,000/$100,000 |
| Property damage (PD) liability | $25,000 |
| Personal injury protection (PIP) | $15,000 |
| Uninsured/underinsured motorist (UM/UIM) bodily injury | $50,000/$100,000 |
| Comprehensive and collision | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only. Your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.