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Cheap car insurance in New Jersey 2024

  • Car insurance costs $2,360 a year on average in New Jersey
  • Progressive, Geico, and NJM Insurance are the cheapest car insurance companies

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Average car insurance rates in NJ by county

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Why you can trust Rate Retriever

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Picture of Written by <a href="https://rateretriever.com/about/alyssa-dicrasto/"><span style="text-decoration: underline;">Alyssa DiCrasto</span></a>
Written by Alyssa DiCrasto
Picture of Edited by <a href="https://rateretriever.com/about/rob-deming/"><span style="text-decoration: underline;">Rob Deming</span></a>
Edited by Rob Deming

Last updated: June 13th, 2024

Picture of Written by <a href="https://rateretriever.com/about/alyssa-dicrasto/"><span style="text-decoration: underline;">Alyssa DiCrasto</span></a>
Written by Alyssa DiCrasto
Picture of Edited by <a href="https://rateretriever.com/about/rob-deming/"><span style="text-decoration: underline;">Rob Deming</span></a>
Edited by Rob Deming

Last updated: June 13th, 2024

What's on this page?

Understanding New Jersey car insurance cost

Figuring out the cost of car insurance can feel like a riddle with a lot of questions: What factors impact my rates? How much should I be paying for car insurance? How can I find the cheapest car insurance for me? Our goal is to break down the key factors that impact your car insurance premiums in New Jersey, in a way that’s easy to understand.

The cost of car insurance in New Jersey

$2,360

Average annual premium

15.2% more

Than the national average

Save 25%

With excellent credit

Save 21%

When married

Why does this matter?
  • Knowing the average gives you a benchmark to compare your own rate. If you’re paying a lot more, it might be time to shop around or ask your insurer why.

Cheapest full coverage car insurance in New Jersey

A full coverage car insurance policy offers more complete coverage. It often includes higher liability coverage limits, personal injury protection, comprehensive insurance, and collision insurance. These additional coverages will help cover any damages you or your vehicle sustains in an accident or non-collision incident.

Average cost for a full coverage insurance
policy in New Jersey: $2,360 per year

Average cost for a full coverage insurance policy in New Jersey: $2,360 per year

Cheapest companies for full coverage in NJ

Here’s what the average driver can expect to pay for full coverage from some of the top car insurance companies in New Jersey:

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

Looking for the best car insurance in New Jersey?

Full coverage is often the way to go if you want comprehensive protection. While Progressive, Geico, and NJM Insurance offer some of the cheapest full coverage car insurance options in New Jersey, it’s always a good idea to compare car insurance to find the best rates for your specific needs.

Cheapest minimum car insurance in New Jersey

New Jersey requires five types of car insurance coverage: bodily injury liability, property damage liability, uninsured motorist coverage, underinsured motorist coverage, and personal injury protection. However, many drivers choose to purchase additional coverage types, such as collision coverage, to help cover certain costs associated with different types of accidents.

Average cost for a minimum coverage
policy in New Jersey:  $1,147 per year

Average cost for a minimum coverage policy in New Jersey:
 $1,147 per year

New Jersey minimum car insurance requirements

Bodily Injury Liability – $15,000 limit per person/$30,000 limit per accident; Basic policy: $10,000 for bodily injury

Personal Injury Protection – $15,000 limit (standard policy or basic policy)

Property Damage Liability – $5,000 limit

Uninsured Motorist Coverage – Standard policy: Required (uninsured motorist bodily injury coverage and uninsured motorist property damage coverage). Coverage is available up to the amounts selected for liability coverage.

Underinsured Motorist Coverage – Grouped with uninsured motorist coverage

New Jersey minimum coverage only covers damages you cause to others and their property in an accident. It does not include collision or comprehensive, which cover damages to your own property in an accident you cause.

Cheapest companies for minimum coverage in NJ

Here’s what the average driver can expect to pay for minimum coverage from some of the top car insurance companies in New Jersey:

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

Looking for the cheapest car insurance in New Jersey?

Minimum coverage is the cheapest insurance in New Jersey, saving you 51% a year compared to the average full coverage policy.

However, minimum car insurance does not include protection for damage to your vehicle in case of an accident or incident like bad weather or theft. Additionally, the limits for a minimum car insurance policy (or the max amount of money your insurance company will cover for an incident) are also lower than the limits for full coverage.

This means that while having a minimum car insurance policy will save you money now on your premiums, you will not have as much coverage if you need to make a claim – so it could be more costly in the future. 

Find the best rates in New Jersey

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Key factors that impact your car insurance rates in New Jersey

The state you live in is only one of the factors that may impact your car insurance rate.  Each car insurance company has their own formula for calculating rates based on a variety of factors that make up your driver profile.  

Factors that can impact your quoted rates include: 

  • Your zip code, or where you live within your state 
  • Your driving history including how long you’ve been driving, traffic violations, and more 
  • Your demographics including your age, home ownership, marriage status, and more 
  • Your car including make, model, and year 
  • How much coverage you want 

New Jersey auto insurance by city

Car insurance will be different for each city – and even zip code –  in New Jersey. For a deeper look at car insurance rates, trends, and companies near you, find your city in the list below.

What’s the impact?

  • Urban areas with more traffic and higher crime rates usually mean higher premiums. While there’s not much you can do about where you live, it’s good to know the average cost of car insurance near you so you can know if you’re paying too much for your car insurance.

New Jersey auto insurance by driving record

Your driving history is one of the most critical factors insurance companies consider when deciding how much you’ll pay for car insurance. Accidents, traffic violations, and DUI/DWI offenses can substantially increase your premiums.

1. Traffic Violations

Insurance providers consider traffic violations such as speeding tickets, reckless driving, running red lights, and DUI/DWI offenses as indicators of risky driving behavior. The more violations you have on your record, generally the higher your insurance rates will be.

2. Accidents

Being involved in accidents and filing claims can significantly impact your insurance rates. At-fault accidents tend to have a greater impact compared to accidents where you were not responsible. Multiple accidents or a history of frequent claims can lead to higher premiums.

3. Claims History

Insurance companies review your claims history to evaluate the likelihood of future claims. If you have a record of filing numerous claims, regardless of fault, insurers may consider you a higher risk and increase your rates accordingly.

4. License Suspensions or Revocations

If your driver’s license has been suspended or revoked due to violations or other reasons, insurance companies may view you as a high-risk driver, resulting in higher premiums.

5. Time Since Last Incident

Insurance providers often consider the time since your last traffic violation or accident. Generally, the longer you go without any incidents, the more favorable it is for your insurance rates.

New Jersey auto insurance by age

Younger drivers tend to pay more for their car insurance. As drivers gain more experience and reach their mid-20s and 30s, insurance rates typically go down. This is because they have had more time to develop their driving skills and establish a track record of safe driving.

However, as drivers enter their senior years, insurance rates may start to increase again. This is primarily due to factors such as decreased vision, slower reaction times, and potential health issues that can impact driving abilities.

Why does this matter?

  • Your specific age will impact your car insurance rates, so it’s always a good idea to compare rates from different insurers to find the most cost-effective coverage for you.

Adding a teenager to your policy in New Jersey

Teens are considered high-risk drivers. Adding a teen to your policy is expensive, but combining policies can help lower the cost. Learn more about combining policies and insuring a teenage driver >

Average cost for a teen driver

$12,246

When a parent adds the teen to their policy

Save 60%

New Jersey auto insurance by credit score

Insurance companies can use credit score as a rating factor in New Jersey. Generally, the better your credit score, the cheaper your rates. Improving your credit score can save you a lot! However, if you have bad credit, you may still be able to find affordable insurance. Learn more about cheap car insurance with bad credit >

With poor credit

127% more

With good credit

Pay $2,360

With excellent credit

Save 25%

Gender and car insurance rates in New Jersey

Some insurance providers use your sex as a factor to determine your rates, but factors such as your zip code and driving record generally impact your rate more.

Males pay an average of

$2,360 per year

Females pay an average of

$2,318 per year

Marriage and car insurance rates in New Jersey

In general, married drivers who combine their car insurance policies save money. Insurance companies may give married couples lower rates because they’re seen as lower-risk. Combining policies can save even more. If you’re married, ask about multi-car discounts!

Read more about car insurance and marriage >

Married couples save 21% on their
car insurance on average in New Jersey.

Married couples save 21% on their car insurance on average in New Jersey.

New Jersey auto insurance by vehicle

The vehicle you drive will also impact your insurance rate. Car insurance providers consider your vehicle’s year, make, model, and trim level to determine your rates. Generally, the higher the value of your car, the more expensive it will be to insure. This means that new cars, electric or hybrid vehicles, and sports cars usually have more expensive insurance than older cars or cars that are less expensive to repair or replace.

The cheapest car to insure among popular 2023 models is the Subaru Outback, while the most expensive is the Tesla Model S.

Find cheap car insurance by vehicle >

New Jersey car insurance rates by coverage level

The policy, coverage types, and coverage amount you choose will also impact the price you pay for car insurance. Generally, the more coverage you have, the more you’ll pay.

How much car insurance do you need in New Jersey?

You’ll need at least a minimum coverage policy in New Jersey. Minimum coverage is significantly cheaper than a full coverage policy, but make sure it’s enough to protect you in an accident. Additionally, if you’re one of the many drivers who lease or finance their vehicle, your lender may require you to carry additional insurance.

While a minimum coverage policy is much cheaper than full coverage, you may notice that the difference between a premium full coverage policy with higher coverage limits is not that much more expensive than a standard policy with lower limits. In this case, it might make sense for you to choose a policy with higher limits since you will get much more protection in case of an accident.

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

How to get cheap New Jersey car insurance

New Jersey is home to Atlantic City, and Atlantic City is home to the world’s longest boardwalk, giving the state’s residents something to brag about. Another interesting fact about Atlantic City is that the game Monopoly used street names from the city for the infamous board game. Whether you’re thinking about moving to New Jersey or have called it home for a long time, you need car insurance. All drivers are required to carry certain types of auto insurance in New Jersey. A great first step for finding affordable car insurance is to compare quotes from top insurance companies in New Jersey. Fortunately, Rate Retriever can connect you with top insurance providers who may offer affordable policies so you have the coverage you need without breaking the bank.

A great first step for finding affordable car insurance is to compare quotes from top insurance companies in New Jersey. Rate Retriever can connect you with top insurance providers who may offer affordable policies so you have the coverage you need without breaking the bank.

Why is New Jersey auto insurance important?

First, New Jersey car insurance is required by the state and driving without it can result in fines, license suspension, insurance surcharges, and community service. It is important to have the minimum required auto insurance in New Jersey and keep it up to date without a lapse in coverage.

One vital reason to have car insurance in New Jersey is that, depending on your policy and coverage limits, your insurance helps cover certain costs should you get into a car accident. This can reduce the burden of paying for accident-related costs out of pocket, and it can help you have peace of mind while on the road.

Whether you’re interested in the minimum auto insurance required or want more coverage for additional protection, we can connect you with top car insurance providers in New Jersey.

New Jersey auto insurance shopping made easy

New Jersey car insurance laws

The minimum car insurance requirements in New Jersey are: Bodily Injury Liability – $15,000 limit per person/$30,000 limit per accident; Basic policy: $10,000 for bodily injury. Personal Injury Protection – $15,000 limit (standard policy or basic policy). Property Damage Liability – $5,000 limit. Uninsured Motorist Coverage – Standard policy: Required (uninsured motorist bodily injury coverage and uninsured motorist property damage coverage). Coverage is available up to the amounts selected for liability coverage. Underinsured Motorist Coverage – Grouped with uninsured motorist coverage.

Typically, you will be granted 7-30 days to get car insurance for a new car in NJ.

Driving without insurance is a serious offense in NJ. If you are convicted of driving without insurance, you will be subject to fines between $300-$1,000.

What is the fine for not having car insurance in Wyoming?

Driving without insurance is illegal in WY. If you are convicted of driving without insurance, you will be subject to fines, license suspension, and even jail time.

How long do you have to get insurance in Wyoming?

Typically, you will be granted 3-30 days to get car insurance for a new car in WY.

What auto insurance laws are in Wyoming?

The minimum car insurance requirements in Wyoming are: Bodily Injury Liability – $25,000 limit per person/$50,000 limit per accident. Property Damage Liability – $20,000 limit.

What is the fine for not having car insurance in Wisconsin?

Driving without insurance is against the law in WI. If you are convicted of driving without insurance, you will be subject to fines up to $500.

How long do you have to get insurance in Wisconsin?

Typically, you will be granted 7-30 days to get car insurance for a new car in WI.

What auto insurance laws are in Wisconsin?

The minimum car insurance requirements in Wisconsin are: Bodily Injury Liability – $25,000 limit per person/$50,000 limit per accident. Property Damage Liability – $10,000 limit. Uninsured Motorist Coverage – $25,000 limit per person/$50,000 limit per accident.

Sources

Methodology

Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive. 

For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score, driving a 2023 RAV4.  

These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile. 

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results 

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.