Cheapest Car Insurance New Jersey in 2023
Geico offers the most affordable car insurance in New Jersey, with average rates of $113 per month or around $1,359 per year.
The Guides Auto Team has examined New Jersey’s most affordable auto insurance alternatives. We conducted research on New Jersey’s top auto insurance providers to see which provided the most protection at the lowest costs.
This page includes information on some of the leading service providers in the state as well as rate estimates for different profiles of New Jersey drivers. We will also go through the rules and legislation governing auto insurance in New Jersey.
Affordable Auto Insurance Jersey, New
The cost of vehicle insurance is greater in the Garden State than it is nationwide, but there are still some options with lower costs.
Most affordable auto insurance providers in New Jersey
Geico, Progressive, State Farm, NJM Insurance, and Travelers are now New Jersey’s least expensive vehicle insurance providers. Their overall rankings as well as cost and coverage rankings are broken down below:
Even though these vehicle insurance providers are regarded as the finest in New Jersey, individual quotes may differ. As a result, we advise you to check prices from other suppliers in order to get the best bargain.
Cheapest automobile insurance in New Jersey
The amount of coverage is a key factor in determining auto insurance premiums. Quotes from suppliers frequently contain ballpark figures for both full coverage and minimal liability auto insurance. Although only the bare minimum of liability insurance is necessary, it’s a good idea for drivers to think about full coverage vehicle insurance.
The most affordable alternatives for both liability and full coverage vehicle insurance in New Jersey are listed below.
New Jersey’s most affordable liability car insurance
Geico offers New Jersey residents the cheapest liability auto insurance at monthly rates of $47 or annual premiums of $565. Low prices are also provided by several other organizations, such as NJM Insurance, Allstate, Palisades Insurance, and Selective Insurance. According to our study, the following businesses provide the lowest vehicle insurance prices for the least amount of coverage:
New Jersey’s most affordable full-coverage auto insurance
In New Jersey, we at the Guides Auto Team were able to locate full coverage auto insurance for as little as $1,359 year, or around $113 monthly. The insurance companies with the most affordable average premiums for full coverage plans are shown in the table below:
Car Insurance in New Jersey at a Low Cost
Age, driving record, and credit scores are all important variables that significantly affect how much New Jersey residents must pay for auto insurance. We will discuss each of these areas in further detail and compare the least expensive solutions below.
Young Drivers’ Cheapest Auto Insurance in New Jersey
Young drivers who have just earned their licenses might anticipate higher auto insurance premiums. The tables below provide further information about which businesses are most affordable for each age category of young drivers.
16-Year-Olds with the Cheapest Auto Insurance
According to our study, Geico and NJM Insurance offer the most affordable auto insurance rates in New Jersey for drivers under the age of 18. In general, 16-year-olds often pay the highest premiums for auto insurance.
18-Year-Olds’ Cheapest Auto Insurance
According to our analysis, NJM Insurance and Geico provide the most affordable vehicle insurance for drivers under the age of 25. For an automobile insurance plan in New Jersey, Travelers, State Farm, and Selective Insurance are other excellent choices.
cheapest auto insurance for drivers under 21
Our analysis shows that Geico offers the lowest vehicle insurance for drivers under the age of 21 at $158 per month or $1,897 annually. Early 20s New Jersey drivers may discover average rates that are lower than those for adolescent drivers.
cheapest auto insurance for drivers under 25
On average, Geico and NJM Insurance provide some of the cheapest prices for full coverage auto insurance. Drivers under the age of 25 with Geico pay an average of $123 per month or $1,476 annually.
Cheapest New Jersey car insurance for drivers with a speeding citation Geico offers the most affordable quotes, at $117 per month or $1,407 annually, for New Jersey drivers who have had a speeding ticket.
Speeding tickets and other moving infractions may significantly increase your insurance costs. The projected average monthly payment or yearly cost for New Jersey drivers with a recent speeding ticket is $246.
Cheapest New Jersey auto insurance for recent accident victims
For drivers who have recently been in an accident, NJM Insurance provides the most affordable coverage, with costs as low as $137 per month or $1,642 annually.
You get insurance to provide coverage in the event of an auto collision, but accidents often result in higher premiums. For drivers in New Jersey who have recently been in an accident, the average anticipated rate is around $311 per month or $3,728 annually.
Progressive has the most affordable coverage for drivers in New Jersey with a DUI, with estimated costs as low as $127 per month or $1,526 annually. If you have a DUI on your record, your premiums will be significantly higher. Driving in New Jersey is predicted to cost an average of $334 a month or $4,013 annually.
Cheapest Automobile Insurance in New Jersey for People With Bad Credit
For drivers with bad credit, Progressive has the lowest predicted rates at $180 per month or $2,163 annually. One of the numerous states that permit insurers to consider credit scores when determining auto insurance costs is New Jersey.
Drivers who have poorer credit often pay substantially higher insurance premiums. In New Jersey, the estimated average monthly rate for drivers with bad credit is $353, or $4,232 annually.
A+ rating from the Better Business Bureau (BBB).
Geico is one of the least expensive options for vehicle insurance in New Jersey, per rate estimations. The business provides a broad selection of coverage and add-on choices for drivers, including mechanical breakdown insurance, payment for rental cars, and round-the-clock roadside assistance.
Additionally, Geico’s Drive Easy usage-based insurance program, which rewards drivers for driving carefully, is available to New Jersey residents.
A+ for BBB rating
Another reliable company offering auto insurance in New Jersey is State Farm. State Farm further provides coverage for ridesharing services, emergency roadside assistance, and rental automobile expenditures. Drivers may benefit from the company’s discounts, which can reduce their vehicle insurance costs by up to 25%.
