4.8out of 3,000+ reviews

New Jersey Average Cost of Car Insurance Rates (2022)

Secure. Free. Easy-to-use.
auto insurance

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.
Courtney Roy

By: Courtney Roy

Edited by John Leach | Reviewed by licensed insurance agent, Amber Benka

Last Updated March 9, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

How Much Does Car Insurance Cost In New Jersey?

On average, car insurance rates for drivers in New Jersey are $267 per month, and $3199 per year. The average rates make New Jersey the 14th most expensive state in the country for car insurance rates and 16% more expensive than the national average.

Keep in mind that average auto insurance costs are determined by factors other than location. Based on your driving history, credit score, age and marital status you should be able to find insurance quotes and discounts so that your monthly payment is less than the averages cited here.

0.1%2.3%15.9%50%84.1%97.7%99.9%Average cost: $26750%

Insurify's comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than the average price in your state, and customers save $48 per month on average.

Best New Jersey Auto Insurance Rates

Insurify analyzed car insurance rates in the twenty most populous cities in New Jersey and has selected the following providers and quotes as the best rates for drivers in New Jersey.

Cheapest CompaniesQuotes
Progressive$86
Liberty Mutual$154
Travelers$180
Allstate$220
State Farm$226

New Jersey Car Insurance Rates by City

For drivers in New Jersey, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Based on internal Insurify data, here are the average cost of car insurance rates for drivers in the top 10 cities in New Jersey.

CityAvg. Monthly Rate
Clifton$271
East Orange$362
Edison$231
Elizabeth$324
Hoboken$228
Jersey City$276
Newark$352
Paterson$365
Toms River$212
Trenton$273

What Is the Average Cost of Car Insurance in New Jersey by Age?

At $540 per month, car insurance is prohibitively expensive on average for New Jersey teens. Young adults have more experience behind the wheel and therefore see an over $200 drop in average monthly rates. It's not until drivers reach their 30s that we see their average costs slide under the average monthly cost for all New Jersey drivers.

Drivers in their 80s see the lowest rates at $166, which is less than a third of what teens shell out. Seven decades' worth of driving experience pays dividends.

AgeAvg. Monthly Rate
Teens$540
20s$326
30s$247
40s$252
50s$235
60s$199
70s$168
>80s$168

Compare Car Insurance Quotes Instantly

  • Personalized quotes in 5 minutes or less
  • No signup required

What Is the Average Cost of Car Insurance in New Jersey by Gender?

In New Jersey, men pay an average of $5 more per month than women. This difference in average costs can be attributed to the fact that women tend to be slightly safer drivers.

GenderAvg. Monthly Rate
Male$269
Female$264

Does Marital Status Influence the Average Cost of Car Insurance in New Jersey?

In New Jersey, leaping from singlehood to marriage could save you $540 per year. That’s because married drivers are considered less risky to insure, and therefore pay an average of $45 less per month than their single counterparts.

Marital StatusAvg. Monthly Rate
Married$236
Single$281

Minimum Car Insurance Requirements in New Jersey

All motor vehicles operated or parked on New Jersey roadways are required to be insured with either a basic or standard insurance plan. Proof of insurance must be carried in your car at all times and must be available when:

  • Requested by law enforcement
  • Renewing vehicle registration
  • The vehicle is involved in a car accident

Where the basic plan only requires $5,000 per accident of property damage liability insurance, the minimum liability insurance requirements for a standard plan in New Jersey[1] are:

  • $15,000 per person for bodily injury
  • $30,000 per accident for bodily injury

As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. New Jersey is a no-fault state, meaning both parties’ insurance providers will pay for expenses, regardless of which party caused the accident.

  • $5,000 per accident for property damage

If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.

  • $15,000per person for uninsured underinsured motorist bodily injury
  • $30,000 per accident for uninsured/underinsured motorist bodily injury
  • $5,000 per accident for uninsured/underinsured motorist property damage

Uninsured and underinsured motorist coverage pays for costs caused by a driver with little or no insurance after a car accident. In Massachusetts, drivers are required to purchase this coverage for bodily injuries.

How Does Credit History Affect New Jersey Car Insurance Rates?

New Jersey, along with most states, lets insurance companies use credit as part of the equation when setting rates. The public may argue that their credit has nothing to do with driving, but insurers would argue their statistics reveal otherwise.

Credit is so important in New Jersey that you could end up paying over $100 a month more if you have poor credit. Going from good to excellent credit saves your over $50. What's excellent credit? A credit score of 800 or more.

Credit HistoryAvg. Monthly Rate
Poor$307
Average$281
Good$255
Excellent$198

What Is the Average Cost of Car Insurance in New Jersey for High-Risk Drivers?

"Safety first" is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for "good driver" and "accident-free" discounts. But what if your record is less than perfect?

Drivers with a speeding ticket in New Jersey will pay $2 more per month on average—plus fines. Drivers with an at-fault accident on their insurance record should expect to see monthly rates increase by around $27. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.

Driving HistoryAvg. Monthly Rate
No Violation$254
At-Fault Accident$281
Speeding$255

Tips for Researching New Jersey Car Insurance Rates

New Jersey's insurance prices and policies vary based on location, company, and driver. The Garden State projects its population will continue to grow for the next decade. More people equals more traffic, but hopefully not higher costs for car insurance.
Living in a state in the top 15 for monthly car insurance costs means every strategy to save helps. Try Insurify ’s comparison tool to get 10+ real quotes and unlock savings and discounts. In less than two minutes, find the coverage you deserve at a price you can afford.

Top Auto Insurance Companies

Compare Top Auto Insurance Companies

Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies

FAQs - New Jersey Car Insurance

  • There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.

  • Auto insurance costs will vary between locations and insurance carriers, depending on the county New Jersey. Insurify analyzed the latest data for the five most populous cities in New Jersey to find you the cheapest quotes in each of these metropolitan areas.

  • The way to find the carrier with the best auto insurance ratings in New Jersey and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.

  • During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.

Compare Car Insurance Quotes Instantly

  • Personalized quotes in 5 minutes or less
  • No signup required

Methodology

The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews. 

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.

Courtney Roy
Courtney Roy

Content Writer at Insurify

Courtney Roy is a financial and technology writer. He creates content that makes an actionable difference in the lives of his readers by helping them understand matters of personal finance. In addition to years of experience across multiple industries, Courtney has insurance licenses, a real estate license, and a degree in electrical engineering.

Learn More

Sources

  1. New Jersey Department of Banking and Insurance. "State Minimum Car Insurance Requirements." Accessed May 28, 2022