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New Jersey Car Insurance for Bad Credit Drivers

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Mark Steinbach

By: Mark Steinbach

| Reviewed by licensed insurance agent, Amber Benka

Last Updated March 9, 2022

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Cheapest Companies for Drivers With Bad Credit in New Jersey (2022)

For drivers with bad credit in New Jersey, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in New Jersey. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in New Jersey.

Bad Credit Car Insurance in New Jersey

New Jersey has a little bit of everything and is much more than extensive turnpikes and parties on the Jersey Shore. With a thriving economy and New York City close by, New Jersey residents have places to be. But if a driver in this state has bad credit, should they expect to pay more for car insurance?

New Jersey is one of many states that take your credit history into account when determining your car insurance rates. This isn't the only factor that comes into play—driving history, age, and other characteristics factor in as well. But if a car insurance company worries about your credit history, they may offer you higher rates.

New Jersey Car Insurance Rates for Bad Credit Drivers

Excellent
$194
Good
$245
Average
$264
Poor
$284

Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.

How Much Does Bad Credit Impact Car Insurance Rates in New Jersey?

Drivers with bad credit in New Jersey pay about 19 percent more for car insurance than drivers with good credit. This comes out to over $550 per year added to your car insurance bill.

New Jersey's average car insurance rates are generally in the middle of the pack compared to the rest of the country. So while adding $46 per month to your car insurance rate is far from ideal, you'll still be paying a rate that's more reasonable than in many other states.

Avg. Monthly Cost - for Drivers with Good Credit
$236
Avg. Monthly Cost - for Drivers with Bad Credit
$282
$46 ▴
19.49% ▴
Monthly Impact of Bad Credit on Rates
Percent Bad Credit Impact Rates

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Can I Get Car Insurance With No Credit Check in New Jersey?

In New Jersey, car insurance companies can take a look at your credit score before determining your car insurance rate. So if you're shopping for car insurance in New Jersey, you should be prepared to undergo a credit check.

But even if your credit score isn't perfect, you have options. Cure Auto Insurance in New Jersey is a popular regional option that sells insurance without credit checks. Or you could seek out car insurance from a major national carrier like GEICO that's been known to offer reasonable rates to drivers with bad credit.

New Jersey Car Insurance Rates by Credit Tier

In New Jersey, your credit score can make a massive impact on your car insurance rates. Those with excellent credit pay the lowest average ($194 per month), while those with poor credit pay $90 more on average, at $284 per month.

Credit TierAvg. Monthly Cost
Excellent$194
Good$245
Average$264
Poor$284

Car Insurance Rates With Bad Credit in New Jersey Cities

While New Jersey residents with bad credit are probably used to paying high premiums, can your city of residence make an impact on your rate? The short answer: somewhat. Those in the state capital of Trenton pay $319, which is almost $50 less than the average rates in Newark, Jersey City, and Irvington.

CityCredit TierAvg. Monthly Cost
NewarkPoor$367
TrentonPoor$319
Jersey CityPoor$360
IrvingtonPoor$368

Tips for Researching Bad Credit New Jersey Car Insurance Rates

Insurance prices and policies can vary significantly between companies, and a state like New Jersey draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate 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 you need to, and customers save $585 per year on average.

Top Auto Insurance Companies

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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.

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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.

Mark Steinbach
Mark Steinbach

Content Writer at Insurify

Mark Steinbach is a writer based in Brooklyn, NY. In addition to his years of work as a copywriter, he is also a TV writer with a degree in English from Harvard University. When he isn't writing, he can be found playing tennis or doing crossword puzzles.

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