Who Has the Cheapest Car Insurance in Paterson, New Jersey?
Who Has the Cheapest Car Insurance in Paterson, New Jersey?
Compare Car Insurance Rates in Paterson, New Jersey
Geico has the most affordable car insurance rates in Paterson, NJ. Drivers pay just $783 annually, on average. Paterson drivers looking for full coverage can also find the lowest rates with Geico, which charges $1,674 annually.
Paterson is the third-most populous city in New Jersey, which means rates for minimum-coverage auto insurance are higher than average. The statewide average is $979 annually, but Paterson residents pay 52% more — $1,484 per year, on average.
Full coverage from Allstate costs Paterson drivers $1,948 more than full coverage from Geico. Shopping around is the best way to avoid overpaying.
Cheapest auto insurance in Paterson: Geico
Geico has the cheapest rates for auto insurance in Paterson, charging $65 per month on average for minimum coverage. That's 48% cheaper than the state average, which is $124 per month.
Shoppers looking for minimum coverage should also get quotes from Plymouth Rock and NJM. Together, these three insurers have an average premium of $89 per month, saving drivers $35 per month, or $416 per year.
Compare Car Insurance Rates in Paterson, New Jersey
Company | Annual rate | Monthly rate |
---|---|---|
Geico | $783 | $65 |
Plymouth Rock | $1,108 | $92 |
NJM | $1,329 | $111 |
State Farm | $1,575 | $131 |
Allstate | $1,721 | $143 |
Progressive | $1,891 | $158 |
Travelers | $1,979 | $165 |
*USAA is only available to current and former military members and their families.
Cheap rates might make minimum coverage sound attractive, but bear in mind that in New Jersey, minimum coverage only pays for the other driver's injuries and property damage, as well as your own injuries. If you get in an accident, your insurer will not cover repairs to your car.
Cheapest full-coverage car insurance in Paterson: Geico
Full coverage costs $2,841 per year on average in Paterson, but drivers can save $1,167 by getting a policy from Geico. On average, full coverage from Geico costs $1,674 annually. State Farm and NJM come in second and third, costing $1,987 and $2,458 per year, respectively.
Company | Annual rate | Monthly rate |
---|---|---|
Geico | $1,674 | $140 |
Plymouth Rock | $1,987 | $166 |
NJM | $2,458 | $205 |
State Farm | $2,468 | $206 |
Progressive | $2,987 | $249 |
Allstate | $3,622 | $302 |
Travelers | $4,694 | $391 |
*USAA is only available to current and former military members and their families.
Full coverage ensures that your own car is protected both on and off the road — not just the other driver's car. It adds collision and comprehensive coverages to the liability coverage and personal injury protection (PIP) that New Jersey law requires.
- Comprehensive coverage: pays for damage resulting from off-road incidents and "acts of God," such as theft, or animal or weather damage.
- Collision coverage: pays for damage that results from a collision, regardless of who caused the accident.
Cheapest car insurance for drivers with prior incidents
Insurers usually raise rates if you have an accident, DUI or speeding ticket on your record. We identified the cheapest insurers for Paterson drivers who have:
Cheapest car insurance in Paterson after an accident: Geico
Accidents raise rates for full coverage from $2,841 per year to $4,733 per year in Paterson — a 67% increase. Geico is the cheapest insurer for drivers with an at-fault accident. Its annual rate is $2,384, making it $2,349 cheaper than the city average.
Company | Annual rate | Monthly rate |
---|---|---|
Geico | $2,384 | $199 |
NJM | $2,458 | $205 |
Plymouth Rock | $3,077 | $256 |
State Farm | $4,092 | $341 |
Progressive | $4,989 | $416 |
Travelers | $7,594 | $633 |
Allstate | $8,536 | $711 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a speeding ticket: Geico
Paterson drivers pay 17% more on average for auto insurance after a speeding ticket. This makes it the least costly incident in our study. Both accidents and DUIs raise rates by at least 45%.
Drivers in Paterson with a speeding ticket should get quotes from Geico and Plymouth Rock. Neither of these insurers raise rates for full coverage after a speeding ticket, and both charge rates lower than the city average — $1,644 and $1,331 less per year, respectively.
Company | Annual rate | Monthly rate |
---|---|---|
Geico | $1,674 | $140 |
Plymouth Rock | $1,987 | $166 |
State Farm | $2,468 | $206 |
NJM | $3,043 | $254 |
Progressive | $4,044 | $337 |
Allstate | $4,390 | $366 |
Travelers | $5,617 | $468 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a DUI: Plymouth Rock
Plymouth Rock has the best rates for drivers with a citation for driving under the influence (DUI) on their record. The average rate after a DUI in Paterson is $4,131 per year, but Plymouth Rock charges less than half of that — $2,605 per year for full coverage.
Company | Annual rate | Monthly rate |
---|---|---|
Plymouth Rock | $2,605 | $217 |
NJM | $3,043 | $254 |
Geico | $3,475 | $290 |
Progressive | $3,628 | $302 |
Allstate | $5,182 | $432 |
Travelers | $6,852 | $571 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for married drivers: Plymouth Rock
Plymouth Rock has the cheapest insurance for married drivers, according to ValuePenguin's analysis. Its average rate is $1,944 per year for full coverage. That's 32% cheaper than the Paterson city average, which is $2,849 for married drivers.
Most insurers offer married drivers lower rates. In fact, in Paterson, auto insurance costs $87 less per year for married drivers than it does for single drivers.
Company | Annual rate | Monthly rate |
---|---|---|
Plymouth Rock | $1,944 | $162 |
Geico | $1,948 | $162 |
NJM | $2,323 | $194 |
State Farm | $2,597 | $216 |
Progressive | $2,643 | $220 |
Allstate | $3,741 | $312 |
Travelers | $4,749 | $396 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers: Geico
Rates for young drivers in Paterson underscore the importance of getting multiple quotes. Progressive, the most expensive insurer, is nearly four times more expensive than Geico, the cheapest insurer. The average rate from Geico is $4,263 per year for full coverage — 63% cheaper than the city average.
Insurance companies view young drivers as riskier to insure than adult drivers. A sample 18-year-old driver in Paterson pays $8,650 per year, on average. That's almost three times more than the average rate paid by a 30-year-old sample Paterson driver.
Company | Liability only | Full coverage |
---|---|---|
Geico | $1,548 | $3,938 |
NJM | $2,549 | $5,214 |
Travelers | $3,684 | $9,086 |
Allstate | $4,006 | $11,658 |
Plymouth Rock | $4,204 | $7,635 |
State Farm | $4,956 | $7,934 |
Progressive | $8,476 | $15,082 |
*USAA is only available to current and former military members and their families.
To keep rates low, young drivers should ask their insurer about discounts, such as good student and student-away-from-home discounts. Another option is to stay on your parents' insurance, if possible. ValuePenguin found that it costs half as much for a teen to stay on their parents' policy as it does for them to take out their own policy.
Best auto insurance companies in Paterson, New Jersey
NJM is the top-rated car insurance company we found in Paterson.
The in-state insurer has strong customer service, according to the J.D. Power customer satisfaction survey, and has a high ValuePenguin editor's rating. Geico, State Farm and Travelers also ranked well.
Company |
Editor's rating
|
J.D. Power
|
A.M. Best
|
---|---|---|---|
NJM | 867 | A+ | |
Geico | 835 | A++ | |
State Farm | 852 | A++ | |
Travelers | 836 | A++ | |
Progressive | 834 | A+ | |
Allstate | 830 | A+ | |
Plymouth Rock | 827 | A- |
To learn more about each auto insurer, check out ValuePenguin's study of the best cheap auto insurance in New Jersey.
Auto theft statistics in Paterson
In 2019, Paterson was not only the third-most populous city in New Jersey, but it also had the third-highest rate of auto theft. Our analysis of 2019 FBI crime data showed that about three cars were stolen for every 1,000 residents.
Rank | City | Population | Car thefts | Thefts per 1,000 residents |
---|---|---|---|---|
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
Unless otherwise noted, our sample driver was a 30-year-old man with full coverage. He drives a 2015 Honda Civic EX that he owns. We used the following coverage limits for a 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 |
This ValuePenguin analysis used rate data from Quadrant Information Services. Rates were publicly sourced from insurer filings. Your own quotes may be different, so use these rates for comparative purposes only.
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.