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 help you choose the best car insurance in NJ, we gathered quotes from every ZIP code for some of the largest car insurance companies in the state. We ranked the top companies in New Jersey based on convenience, customer service and coverage availability. We also rated the best companies based on cost for multiple driver profiles.
To find the cheapest insurers, we averaged quotes for liability-only coverage, which meets the state minimum requirements in New Jersey: $25,000 in bodily injury liability per person and $50,000 per accident and $25,000 in property damage coverage, along with $15,000 in personal injury protection (PIP).
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 more affordable 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 New Jersey's minimum state legal requirements, which include $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. Although minimum coverage costs less, you might not have enough protection after an accident because you have less liability coverage and you skipped comprehensive and collision coverage.
Cheapest full coverage car insurance in NJ: Geico
Geico offers 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 full coverage companies
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. These coverages help pay for damage to your car after most accidents, thefts, natural disasters and vandalism.
Cheap car insurance quotes for New Jersey drivers with prior incidents
The cost of car insurance in New Jersey will typically increase after a ticket or accident. Drivers who have been in an at-fault accident or received a citation for speeding or a DUI will likely see higher car insurance rates than those who haven't.
Find Cheap Auto Insurance Quotes in New Jersey
Cheapest NJ quotes for people with a speeding ticket: Geico
Geico offers the cheapest car insurance quotes in New Jersey for drivers who have one speeding ticket on their record. A full coverage policy from Geico costs $87 per month — the same price you'd pay if you hadn't gotten a speeding ticket. That's because the company 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. In comparison, 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 been involved in an at-fault accident. The average cost of full coverage with Geico is $120 per month — 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 record 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 a clean record pay for NJM Insurance.
Cheapest car insurance quotes after a DUI: Plymouth Rock
Plymouth Rock has the cheapest car insurance quotes for drivers who have been cited for a DUI in New Jersey. Car insurance from Plymouth Rock costs $165 per month — 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 a clean record.
Cheapest car insurance quotes for drivers with poor credit: Geico
New Jersey drivers with a poor credit score 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 a good credit score.
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 option 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 record. 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 an excellent auto insurance company for New Jersey drivers. It offers dependable customer service, online tools that are easy to use and affordable rates.
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. It's important to choose a company that offers enough protection for you and your car. In addition, 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 | Average monthly cost | Percentage difference 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 |
| Personal injury protection (PIP) | $15,000 |
New Jersey drivers have the option of choosing between two types of policies: standard or basic. With minimum coverage or a basic plan, drivers can reduce the cost of their policies. However, full coverage auto insurance may be more appropriate for some drivers.
One key difference between the two policies is that uninsured/underinsured motorist coverage is available under a standard policy but not a basic policy. Additionally, some basic policies do not include the option for comprehensive and collision insurance, depending on the company.
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. And if you have a car loan or lease, you'll typically need to have full coverage.
Limited vs. unlimited right to sue for noneconomic losses
New Jersey's car insurance regulations are unique in that 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 are more subjective, 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.
Which company offers the cheapest auto insurance in New Jersey for young drivers?
Geico offers the cheapest auto insurance in New Jersey for young drivers at $85 per month for a minimum coverage policy.
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.
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
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.