Who Has The Best Car Insurance Rates In Jersey City?
Who Has The Best Car Insurance Rates In Jersey City?
Compare Car Insurance Rates in Jersey City
We found that the cheapest rates for minimum coverage in Jersey City, N.J., come from State Farm, at just $45 per month. However, Geico has the best rates for full coverage, charging $124 per month on average.
Jersey City's dense population and proximity to New York City increase drivers' risk for accidents, which in turn raises auto insurance rates. The average monthly rate for minimum coverage in New Jersey is $68 per month, but Jersey City residents pay $86 per month — a 26% increase.
Always get multiple quotes before buying auto insurance. We found that Palisades, the most expensive insurer for minimum coverage, charges Jersey City drivers almost three times more than State Farm for the same coverage.
Cheapest auto insurance in Jersey City: State Farm
State Farm has the cheapest rates for minimum coverage in Jersey City. Residents can pay just $534 annually — $496 cheaper than the city average for minimum coverage, which is $1,030.
Compare Car Insurance Rates in Jersey City
Before you purchase a minimum coverage policy, remember that it provides your own car with no protection on the road. Minimum coverage in New Jersey provides limited coverage for damage to the other driver's car, as well as any injuries resulting from the accident. We only recommend minimum coverage to drivers who feel confident that they could pay for all repairs to their own car.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $534 |
| 2 | Geico | $607 |
| 3 | Progressive | $897 |
| 4 | Travelers | $1,012 |
| 5 | NJM | $1,086 |
| 6 | Allstate | $1,526 |
| 7 | Palisades (Plymouth Rock) | $1,545 |
Cheapest full coverage car insurance in Jersey City: Geico
Geico has the cheapest rates for full coverage in Jersey City, followed by NJM and State Farm. Rates from these three companies are, respectively, 60%, 42% and 40% cheaper than the state average, which is $3,752 annually.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Geico | $1,489 |
| 2 | NJM | $2,182 |
| 3 | State Farm | $2,239 |
| 4 | Progressive | $2,859 |
| 5 | Palisades | $3,963 |
| 6 | Travelers | $5,651 |
| 7 | Allstate | $7,877 |
A full coverage policy adds collision and comprehensive coverages to the personal injury protection (PIP) and liability coverages that New Jersey requires.
- Comprehensive coverage: Pays for nonaccident damage to your car, such as animal or storm damage.
- Collision coverage: Pays for damage that results from an accident.
Cheap car insurance for drivers with prior incidents
Insurers view you as a higher risk if you have incidents on your driving record and generally raise rates to account for that risk. To provide a sense of how various incidents impact rates in Jersey City, we've identified the cheapest insurers for drivers who have:
Cheapest car insurance in Jersey City after an accident: Geico
The best rates for Jersey City drivers who have caused an accident come from Geico. The city average for drivers with an at-fault accident on their record is $6,043 per year, but Geico charges 66% less, with an annual full coverage policy costing $2,112.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Geico | $2,112 |
| 2 | NJM | $2,182 |
| 3 | State Farm | $3,710 |
| 4 | Palisades | $4,345 |
| 5 | Progressive | $4,438 |
| 6 | Travelers | $8,410 |
| 7 | Allstate | $18,634 |
Cheapest car insurance for people with a speeding ticket: Geico
No one likes to see their rates go up, but the good news is that a speeding ticket will cost you less than some other common infractions. Average rates in Jersey City go up by 14%, compared to 61% for a DUI and 67% for an at-fault accident.
Geico has the most affordable full coverage for drivers with a speeding ticket on their record. Full coverage costs $1,489 per year, which is 65% cheaper than the city average of $4,271.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Geico | $1,489 |
| 2 | State Farm | $2,239 |
| 3 | NJM | $2,695 |
| 4 | Progressive | $3,657 |
| 5 | Palisades | $3,963 |
| 6 | Travelers | $6,307 |
| 7 | Allstate | $9,546 |
Cheapest car insurance for drivers with a DUI: NJM
NJM has the cheapest auto insurance for drivers who have been caught driving under the influence (DUI), followed by Geico and Progressive. Together, these three insurers charge an average annual premium of $3,022 for full coverage, which is 50% cheaper than the average city rate of $6,043. If you are looking for cheap insurance in Jersey City after a DUI, start your search with these insurers.
Rank | Company | Annual rate |
|---|---|---|
| 1 | NJM | $2,695 |
| 2 | Geico | $3,071 |
| 3 | Progressive | $3,301 |
| 4 | Palisades | $5,400 |
| 5 | Travelers | $7,696 |
| 6 | State Farm | $8,877 |
| 7 | Allstate | $11,262 |
Cheapest car insurance for married drivers: Geico
Married drivers pay less for auto insurance in Jersey City than single drivers do. Our analysis found that the average rate for a married driver is $3,607 per year for full coverage, while single drivers pay $3,752 on average.
The most affordable coverage for married drivers again comes from Geico, which charges Jersey City drivers $1,629 per year on average. That's 55% cheaper than the city average.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Geico | $1,629 |
| 2 | NJM | $2,053 |
| 3 | State Farm | $2,239 |
| 4 | Progressive | $2,489 |
| 5 | Palisades | $3,730 |
| 6 | State Farm | $5,675 |
| 7 | Allstate | $7,435 |
Cheapest car insurance for young drivers: Geico
Young drivers in Jersey City pay $10,442 per year on average for full coverage — 178% more than what adult drivers pay.
Geico has the best rates for young drivers, charging just $3,317 per year. That's $7,125 less than the city average. NJM and State Farm also have rates lower than the city average, charging $5,966 and $3,035 less, respectively.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Geico | $3,317 |
| 2 | NJM | $4,476 |
| 3 | State Farm | $7,407 |
| 4 | Progressive | $11,976 |
| 5 | Travelers | $12,018 |
| 6 | Allstate | $16,636 |
| 7 | Palisades | $17,266 |
To help mitigate insurance costs, young drivers can ask after common auto insurance discounts, such as a good student discount or a student-away-from-home discount.
Best auto insurance companies in Jersey City, New Jersey
ValuePenguin surveyed drivers on how satisfied they were with their most recent claim experience. Of the insurers in this New Jersey study, State Farm, Allstate and Progressive had the highest percentage of policyholders who described themselves as "extremely satisfied" with their most recent claim.
More information about the customer service reputations of various New Jersey auto insurers can be found in our analysis of the best cheap car insurance in New Jersey.
Average car insurance cost in Jersey City, by ZIP code
Auto insurers vary rates not just by what city you live in, but by your ZIP code as well. Neighborhood factors such as crime and population density can increase your risk and thereby increase your rates.
We found that ZIP codes 07304, 07306 and 07307 are charged the highest rates for full coverage in Jersey City, at $3,776 per year on average, while ZIP codes 07302, 07310 and 07311 pay the least, at $3,731 per year on average.
ZIP code | Full coverage annual cost | Minimum coverage annual cost |
|---|---|---|
| 07302 | $3,731 | $1,024 |
| 07304 | $3,776 | $1,036 |
| 07305 | $3,741 | $1,026 |
| 07306 | $3,776 | $1,036 |
| 07307 | $3,776 | $1,036 |
| 07310 | $3,731 | $1,024 |
| 07311 | $3,731 | $1,024 |
Auto theft statistics in Jersey City
Jersey City is the second-most populous city in the state but experiences the fourth-highest auto crime rates, according to our analysis of 2019 FBI crime data. For every 1,000 residents, 2.5 cars are stolen.
Rank | City | Population | Car thefts | Thefts per 1,000 |
|---|---|---|---|---|
| 1 | Elizabeth | 128,753 | 757 | 5.9 |
| 2 | Newark | 281,422 | 1,541 | 5.5 |
| 3 | Paterson | 144,866 | 456 | 3.1 |
| 4 | Jersey City | 266,508 | 670 | 2.5 |
| 5 | Clifton | 85,021 | 111 | 1.3 |
| 6 | Hamilton Township, Mercer County | 87,027 | 106 | 1.2 |
| 7 | Woodbridge Township | 100,125 | 99 | 1.0 |
| 8 | Edison Township | 100,282 | 90 | 0.9 |
| 9 | Toms River Township | 93,836 | 42 | 0.4 |
| 10 | Lakewood Township | 105,403 | 37 | 0.4 |
Motor vehicle theft data was pulled from the FBI 2019 New Jersey crime report.
Methodology
For this analysis, ValuePenguin collected auto insurance quotes from seven of the largest insurance companies in New Jersey. Unless otherwise stated, quotes represent the premiums for a 30-year-old man who has full coverage on his 2015 Honda Civic EX.
We used the following limits for this sample driver's full coverage policy:
Coverage type | Study limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage liability | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
Rate data for this ValuePenguin study came from Quadrant Information Services. Rates were publicly sourced from insurer filings and are intended for comparative purposes only. Your own quotes could 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.