Cheapest Car Insurance in Paterson, NJ

Cheapest Car Insurance in Paterson, NJ

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Auto insurance rates can vary widely, depending on the insurer and the driver's history and background.

In Paterson, New Jersey, the average annual car insurance policy costs $2,590 a year — but you could save hundreds of dollars a year simply by shopping around and going with the cheapest insurer.

You can check out rates yourself by plugging your ZIP code into the tool above. Here's what we found when we looked for the best car insurance rates in Paterson.

Cheapest auto insurance companies in Paterson, NJ

We pulled insurance quotes from 38 companies for five types of drivers to see where Paterson, New Jersey, residents could find the best prices on auto insurance. Overall, the five lowest-cost insurers were:

  • Plymouth Rock
  • Farmers
  • CSAA
  • Norfolk & Dedham
  • Palisades Insurance
Here we show which five companies ranked with the lowest auto insurance costs in Paterson, NJ, out of the 38 surveyed.

Plymouth Rock is a regional insurer, while Farmers and CSAA are national providers — and CSAA is only available to AAA members. These three companies had an average annual premium of $1,252, which is a 52% decrease versus the city average.

Most expensive auto insurance companies in Paterson, NJ

On the other hand, Personal Service Insurance, Harleysville and Electric charged the highest prices for our five hypothetical drivers. Together, the three companies charged $4,849 on average — an 87% increase compared to the Paterson-wide mean.

List of car insurance companies in Paterson

Below is a table ranking the companies by their average for our mix of five motorists, but not every driver fits the requirements of each insurer. For example, specialty insurer USAA only writes insurance to members of the U.S. military, veterans and their families. California Casualty only offers insurance to peace officers, educators, firefighters and nurses, while CSAA has a primary basic membership fee of $60 – $122 a year.

Rank

Company
Average

1

Plymouth Rock$1,166

2

Farmers1,192

3

CSAA*1,397

4

Norfolk & Dedham1,442

5

Palisades Insurance1,482

6

National General1,513

7

Tower Group1,513

8

USAA*1,625

9

Foremost1,893

10

PURE1,987

11

Founders Insurance2,035

12

Encompass2,107
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*USAA, CSAA and California Casualty are all specialty companies that only insure drivers who fit certain qualifications.

Cheapest auto insurance by driver profile in Paterson

The study focused on auto insurance rates for five kinds of drivers: a 23-year-old single man, a 23-year-old single woman, a 35-year-old single man, a married couple aged 30 – 49 and a married 65-year-old couple. The table below shows who the five cheapest insurers for each profile out of the 35+ carriers reviewed.

Example profile

Cheapest insurer #1
Cheapest insurer #2
Cheapest insurer #3
23-year-old womanUSAA272Norfolk & Dedham367CSAA541

23-year-old man

Farmers$1,279Plymouth Rock$1,459Foremost$1,777

35-year-old man

Plymouth Rock984Palisades Insurance1,262Farmers1,293

Married couple, age 30 – 49

Farmers1,686Plymouth Rock1,777National General1,829

Married couple, age 65+

National General800Tower Group800Norfolk & Dedham820
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Single 23-year-old man

For a man in his early 20s in Paterson, the cheapest car insurers were Farmers, Plymouth Rock, Foremost, CSAA and Palisades Insurance. Insurers typically see young male drivers as a higher risk and charge them accordingly. In our analysis, the average annual rate for a young man in his early 20s was $3,299. However, the same man could pay less than $1,700 by going with one of the cheaper companies.

In this graph, we show and compare the most affordable rates from five auto insurers to the Paterson mean for a young man in his early 20s

Single 23-year-old woman

Our sample driver was quoted an average annual premium of $1,291, which is 60% cheaper compared to her 23-year-old male counterpart's premium. That's because young women are statistically less costly to insure. But rates were even lower for our sample female driver at USAA, Norfolk & Dedham, CSAA, Plymouth Rock and PURE. Auto insurance at one of these companies might cost a 23-year-old woman as little as $500 a year.

This graph shows where a young woman in her early 20s can find some of the lowest auto insurance rates in Paterson, NJ

Single 35-year-old man

Our sample 35-year-old man pays around $2,460 a year for car insurance. But Plymouth Rock, Palisades Insurance, Farmers, Norfolk & Dedham and National General all quoted our sample driver even lower rates. By going with one of these companies, you might pay as little as $1,200.

In this chart, we show out of 38 carriers who were the cheapest car insurance carriers for our sample 35-year-old driver in Paterson

Married couple, age 30 – 49

The married couple in our survey received the lowest car insurance quotes from Farmers, Plymouth Rock, National General, Tower Group and Norfolk & Dedham. An annual policy with one of these companies costs less than $2,000 a year — a 54% discount from the average price tag of $3,946.

In this chart, we rank the five companies with the cheapest auto insurance rates in Paterson for a married middle-aged couple versus the mean.

Married couple, age 65+

Our sample older couple in Paterson paid an annual average rate of $1,953. But by switching to a cheaper company, the same couple could spend less than $900 a year on car insurance. National General, Tower Group, Norfolk & Dedham, Farmers and CSAA proved to offer the cheapest rates in this age segment. It's especially important for mature drivers to compare quotes if they live on fixed incomes because they could save hundreds of dollars a year just by shopping around.

Displayed here are five options in Paterson for married mature couples that have affordable auto insurance rates

Methodology

We requested quotes for our five sample drivers across 38 insurers in the state of New Jersey. These drivers shared a limited right to sue, which lowered their rates, and had no traffic violations or accidents in the past three years. Our younger married couple had a multicar policy (2012 Ford Taurus SE and 2010 Chrysler Town & Country LX), while the other profile drivers in our study had a one-car policy. Both of our young drivers own a 2007 Buick Lacrosse CX, while our mature couple drove a 2012 Ford Taurus SE. The table below details the liability coverages of each profile.

  • Single man, age 23: $25,000 personal injury protection coverage with $250 deductible, 15/30/5 liability insurance, as well as uninsured motorists coverage in the same limits. He also purchased both coverages of physical damage insurance, both with a $750 deductible.
  • Single woman, age 23: purchased a basic policy, which includes $5,000 for property damage coverage, and $15,000 personal injury protection.
  • Single man, age 35/married couple, age 30 – 49/married couple, age 65+: All three policies included 100/300/25 liability insurance and uninsured motorists coverage, personal injury protection of $25,000 (with a $250 deductible), and comprehensive and collision coverages with a $750 deductible.

Mark is a Senior Research Analyst for ValuePenguin focusing on the insurance industry, primarily auto insurance. He previously worked in financial risk management at State Street Corporation.

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.

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