Cheapest Car Insurance Quotes in New Jersey (2024)
Geico has the cheapest auto insurance in New Jersey, at $97 per month for full coverage.
Find Cheap Auto Insurance Quotes in New Jersey
Best cheap car insurance companies in New Jersey
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Best and cheapest car insurance in New Jersey
- Cheapest full coverage: Geico, $97/mo
- Cheapest minimum liability: Geico, $49/mo
- Cheapest for young drivers: Geico, $96/mo
- Cheapest after a ticket: Geico, $97/mo
- Cheapest after an accident: Geico, $135/mo
- Cheapest for teens after a ticket: Geico, $96/mo
- Cheapest after a DUI: Plymouth Rock, $146/mo
- Cheapest for poor credit: Geico, $221/mo
Monthly rates based on full coverage car insurance for a 30-year-old man. Some rates use different ages or coverage limits.
Geico offers the cheapest rates in New Hampshire, but NJM is the best company for people who value great service. NJM has very few customer complaints, and its rates are typically cheaper than average.
Both Geico and NJM offer online quotes, so it's easy to compare rates quickly and find the best policy for you.
Cheapest car insurance in New Jersey: Geico
Geico has the cheapest full coverage auto insurance quotes in New Jersey. Coverage from Geico costs an average of $97 per month — or $1,163 per year.
The average cost of full-coverage car insurance in New Jersey is $168 per month, which is almost twice as expensive as the average liability-only policy.
Find Cheap Auto Insurance Quotes in New Jersey
Cheapest NJ companies for full coverage
Company | Monthly rate | |
|---|---|---|
| Geico | $97 |
| NJM | $140 |
| Plymouth Rock | $152 |
| Progressive | $157 |
| State Farm | $168 |
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.
Cheapest liability insurance in New Jersey: Geico
Geico has the cheapest liability car insurance quotes in New Jersey. At $49 per month, a policy from Geico is roughly half the cost of the state average.
The average cost of minimum-coverage car insurance in New Jersey is $92 per month, or $1,102 per year.
Drivers can also get cheap car insurance in New Jersey from Plymouth Rock and NJM. All three companies have cheaper rates than average in New Jersey, and each costs less than $80 per month.
Cheapest NJ car insurance companies for liability only
Company | Monthly rate |
|---|---|
| Geico | $49 |
| Plymouth Rock | $71 |
| NJM | $73 |
| Allstate | $90 |
| Travelers | $93 |
Find Cheap Auto Insurance Quotes in New Jersey
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 $96 per month — that's 67% cheaper than average. Geico is also the cheapest company for full coverage, at $206 per month.
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 | $96 | $206 |
| NJM | $176 | $316 |
| Allstate | $208 | $529 |
| Travelers | $212 | $451 |
| State Farm | $330 | $504 |
Teen drivers 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 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 record.
After a ticket, a full-coverage policy from Geico costs $97 per month. That's the same price you'd pay if you hadn't gotten a speeding ticket since Geico doesn't raise rates for some drivers after their first traffic violation.
State Farm and Plymouth Rock also might not charge higher rates after a first speeding ticket. However, coverage from Plymouth Rock is $55 per month more expensive than Geico, and quotes from State Farm are higher still.
Cheapest car insurance with a ticket
Company | Monthly rate |
|---|---|
| Geico | $97 |
| Plymouth Rock | $152 |
| State Farm | $168 |
| NJM | $188 |
| Progressive | $212 |
New Jersey drivers with a speeding ticket pay about 49% more for insurance than those with a clean record. Being involved in an accident raises the cost of car insurance by 82% on average.
Cheapest car insurance after an accident: Geico
Geico has the cheapest rates for New Jersey drivers who have been found at fault in an accident. The average cost of full coverage with Geico is $135 per month.
That's 56% cheaper than the average for car insurance after an accident.
Company | Monthly rate |
|---|---|
| Geico | $135 |
| NJM | $153 |
| Plymouth Rock | $221 |
| Progressive | $256 |
| State Farm | $277 |
Cheapest car insurance quotes for young drivers after a ticket or accident: Geico
Geico offers the cheapest car insurance for young drivers if they get a speeding ticket, or after they cause a car crash.
A minimum-coverage policy from Geico costs $96 per month after a ticket, or $109 per month after an accident. These are both about 78% below the average price across all insurers.
In addition to being the cheapest company, Geico doesn't always increase the premium for young drivers after they get a ticket for speeding.
Company | Ticket | Accident |
|---|---|---|
| Geico | $96 | $109 |
| NJM | $221 | $176 |
| Allstate | $262 | $536 |
| Travelers | $270 | $355 |
| State Farm | $330 | $551 |
Cheapest car insurance quotes after a DUI: NJM
NJM Insurance has the cheapest car insurance quotes for drivers in New Jersey who have had a DUI (driving under the influence) conviction. Car insurance from NJM costs $188 per month after a recent DUI — 45% less than the average DUI rate.
Progressive, Geico and Plymouth Rock all also offer coverage for under $200 per month, making them worth a look as well.
Company | Monthly rate |
|---|---|
| NJM | $188 |
| Progressive | $191 |
| Geico | $193 |
| Plymouth Rock | $197 |
| Allstate | $268 |
After a DUI, the average cost of car insurance in New Jersey increases to $339 per month for full coverage. That's more than double what a typical driver would pay with a clean record.
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 $221 per month, full-coverage car insurance from Geico is 46% cheaper than the average for drivers with bad credit.
Company | Monthly rate |
|---|---|
| Geico | $221 |
| NJM | $246 |
| Progressive | $248 |
| Allstate | $343 |
| Plymouth Rock | $366 |
Drivers in New Jersey with poor credit pay more for insurance because they're considered more likely to make a claim. Drivers with bad credit can expect to pay around 145% more in New Jersey for full-coverage insurance than those with good credit scores.
Best car insurance in New Jersey
NJM is the best car insurance company in New Jersey based on generally affordable rates, dependable service and great coverage.
State Farm is also a highly rated auto insurance company for New Jersey drivers. In particular, it offers online tools that are easy to use.
Best NJ car insurance companies
Company |
Editor's rating
|
J.D. Power
|
AM Best
|
|---|---|---|---|
| NJM | 844 | A+ | |
| State Farm | 842 | A++ | |
| Geico | 835 | A++ | |
| Travelers | 829 | A++ | |
| Farmers | 815 | 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 the nearby town of Irvington, at $249 per month.
Drivers in Madison have the cheapest quotes in the state, with an average rate of $144 per month for full coverage. That's 14% cheaper than the state average.
The price of car insurance changes based on where you live. Areas with narrow, poorly maintained roads that lead to more car accidents, or places with high rates of car theft, generally have higher rates.
City | Monthly rate | % from average |
|---|---|---|
| Absecon | $184 | 9% |
| Adelphia | $166 | -1% |
| Allendale | $158 | -6% |
| Allenhurst | $163 | -3% |
| Allentown | $154 | -8% |
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 and $50,000 per accident |
| Property damage liability | $25,000 per accident |
| PIP | $15,000 |
If you had a minimum-coverage policy last year but didn’t see your car insurance rates go up, expect that to happen when you renew for 2024, because of the new requirements.
What to do if you have a rate increase in 2024:
- 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.
What's the best car insurance coverage in NJ?
Minimum-coverage auto insurance quotes meet the car insurance requirements in New Jersey. That includes $25,000 in bodily injury liability per person, as well as $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.
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. Basically, this is the ability to sue for pain and suffering.
What are noneconomic losses?
Noneconomic losses are losses that can't be easily determined, like loss of companionship or pleasure in life. They're often referred to as "pain and suffering" losses. This is different from suing for measurable damages, like lost income 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 rates. An unlimited right to sue (standard policies) can cost about 75% 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 and 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 $92 per month for a minimum-coverage policy and around $168 per month for a full-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 $49 per month, while full-coverage insurance from Geico costs $97 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 $96 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.
- $50,000 of bodily injury liability coverage per person, and $100,000 per accident
- $25,000 of property damage liability
- $50,000 of bodily injury uninsured motorist coverage per person, and $100,000 per accident
- $15,000 of personal injury protection (PIP)
- Collision and comprehensive coverage with a $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.