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Here’s a breakdown of how we reviewed and rated the top auto insurance providers
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Providers ReviewedOur team looked at over 100 of the top auto insurance providers in the U.S., from national providers like USAA, Travelers and State Farm to regional providers like Erie Insurance.
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Who Has The Cheapest Car Insurance in New Jersey?
Starting at low rates of $53 a month on average, Geico offers the cheapest car insurance in New Jersey, according to our research. You can also find affordable rates from NJM, State Farm, Travelers and Selective Insurance in The Garden State.
Cheapest Car Insurance Rates in N.J.
The table below breaks down the cheapest car insurance companies and their average rates for different driver categories:
| Cheapest Car Insurance in N.J. (by category) | Cheapest Car Insurance Company in N.J. | Average Monthly Premium |
|---|---|---|
| Minimum Liability Coverage | Geico | $53 |
| Full Coverage | Geico | $123 |
| Young Drivers | Geico*** | $267** |
| Seniors | Geico | $98** |
| After A Speeding Ticket | Geico | $123** |
| After An Accident | NJM | $143** |
| After A DUI | NJM | $175** |
| Bad Credit | Selective Insurance | $202** |
Cheapest Car Insurance Companies in New Jersey
Below you can compare our top five cheapest car insurance companies in N.J.:
- Geico: $1,052 per year*
- NJM: $1,227 per year*
- State Farm: $1,625 per year*
- Travelers: $1,635 per year*
- Selective Insurance: $1,639 per year*
Click each company name to find out more about their rates, discounts, coverage options and service reputation. We recommend comparing both large car insurance companies and smaller insurers to get the best deals.
*The annual premiums presented are based on averages between minimum and full coverage auto insurance quotes we received from Quadrant Information Services.
Cheapest Car Insurance Coverage in New Jersey
Geico offers the cheapest full and minimum car insurance coverage overall in the state of New Jersey. Below, we’ve broken down the cheapest policy averages for both coverage levels.
Cheapest Minimum Liability Car Insurance in New Jersey
You can find the cheapest minimum liability car insurance in New Jersey from Geico at average yearly rates of $633 per year. It offers rates that are about 53% cheaper than the state average of $1,332 per year.
| Cheapest Liability Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $53 | $633 |
| 2. NJM Insurance | $62 | $741 |
| 3. Palisades Insurance | $80 | $959 |
| 4. Selective Insurance | $94 | $1,130 |
| 5. State Farm | $96 | $1,150 |
Read more: Cheapest Minimum Liability Auto Insurance
Cheapest Full Coverage Car Insurance in New Jersey
The cheapest full-coverage car insurance in New Jersey is from Geico, which is about $123 per month. This is around 41% cheaper than the state average of $209 per month.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $123 | $1,472 |
| 2. NJM Insurance | $143 | $1,714 |
| 3. Travelers | $146 | $1,753 |
| 4. Progressive | $173 | $2,071 |
| 5. State Farm | $175 | $2,099 |
Cheapest Car Insurance for Young Drivers in New Jersey
If you’re looking for cheap car insurance in New Jersey for young drivers between 16 and 25 years old, Geico tends to have the most affordable rates. Below, you’ll find the cheapest providers and their average rates for this age group.
Cheapest Auto Insurance in New Jersey for 16-Year-Olds
Based on our research, Geico offers the cheapest auto insurance rates for 16-year-old drivers in New Jersey at an average full coverage rate of $267 per month.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $267 | $3,201 |
| 2. NJM Insurance | $347 | $4,167 |
| 3. Travelers | $372 | $4,464 |
| 4. State Farm | $489 | $5,868 |
| 5. Palisades Insurance | $622 | $7,461 |
Read More: Cheap Car Insurance For 16-Year-Olds
Cheapest Auto Insurance for 17-Year-Olds in New Jersey
For 17-year-olds, the cheapest car insurance in New Jersey comes from Geico at $231 per month or $2,777 per year for full coverage.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Geico | $231 | $2,777 |
| NJM Insurance | $245 | $2,934 |
| Travelers | $394 | $4,733 |
| State Farm | $405 | $4,855 |
| Palisades Insurance | $464 | $5,572 |
Read more: Cheap Car Insurance For 17-Year-Olds
Cheapest Auto Insurance for 18-Year-Olds in New Jersey
Our research shows that NJM offers the cheapest car insurance for 18-year-old drivers at an average rate of $214 per month for full coverage.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| NJM Insurance | $214 | $2,566 |
| Geico | $231 | $2,775 |
| Travelers | $339 | $4,070 |
| State Farm | $398 | $4,771 |
| Selective Insurance | $428 | $5,141 |
Read more: Cheap Auto Insurance For 18-Year-Olds
Cheapest Auto Insurance for 19-Year-Olds in New Jersey
You can find the cheapest full-coverage auto insurance for 19-year-olds in N.J. with NJM insurance at an average rate of $190 per month.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. NJM Insurance | $190 | $2,281 |
| 2. Geico | $203 | $2,434 |
| 3. Palisades Insurance | $260 | $3,118 |
| 4. Travelers | $296 | $3,553 |
| 5. State Farm | $306 | $3,676 |
Read more: Cheap Auto Insurance For 19-Year-Olds
Cheapest Auto Insurance for 21-Year-Olds in New Jersey
According to our research, 21-year-old motorists can get the cheapest full coverage car insurance in New Jersey at $158 per month or $1,897 per year with Geico.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $158 | $1,897 |
| 2. NJM Insurance | $167 | $2,003 |
| 3. Palisades Insurance | $205 | $2,465 |
| 4. Travelers | $228 | $2,732 |
| 5. Selective Insurance | $238 | $2,859 |
Read more: Cheap Auto Insurance For 21-Year-Olds
Cheapest Auto Insurance for 25-Year-Olds in New Jersey
Geico offers the lowest full-coverage car insurance rates for 25-year-old motorists at an average of $145 per month or $1,734 per year with Geico.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $145 | $1,734 |
| 2. Travelers | $145 | $1,736 |
| 3. NJM Insurance | $166 | $1,994 |
| 4. Progressive | $190 | $2,279 |
| 5. Selective Insurance | $204 | $2,447 |
Read more: Cheap Auto Insurance For 25-Year-Olds
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Cheapest Car Insurance For Seniors in New Jersey
For those aged 65 and up, Geico offers the most affordable car insurance rates in New Jersey. Below, we’ve broken down the five cheapest options for these ages.
Read More: Cheapest Auto Insurance For Seniors
Cheapest Auto Insurance for 65-Year-Olds in New Jersey
At average rates of $1,175 per year for full coverage, Geico offers the cheapest car insurance in New Jersey for 65-year-olds.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $98 | $1,175 |
| 2. NJM Insurance | $102 | $1,228 |
| 3. Palisades Insurance | $132 | $1,589 |
| 4. Selective Insurance | $134 | $1,606 |
| 5. Travelers | $147 | $1,769 |
Cheapest Auto Insurance for 75-Year-Olds in New Jersey
Geico’s average rates are at $98 per month for full coverage, making it the cheapest auto insurance for 75-year-olds in New Jersey.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. Geico | $98 | $1,175 |
| 2. NJM Insurance | $121 | $1,447 |
| 3. Selective Insurance | $139 | $1,663 |
| 4. Progressive | $150 | $1,796 |
| 5. Palisades Insurance | $155 | $1,859 |
Cheapest Car Insurance For High-Risk Drivers in New Jersey
If you’re a New Jersey driver looking for cheap car insurance with violations on your driving record, accidents and bad credit, you can find the most affordable rates with NJM. Below, we’ve summarized the cheapest providers.
Read More: Best Vehicle Insurance For High-Risk Drivers
Cheapest Speeding Ticket Auto Insurance in New Jersey
Geico offers the cheapest average car insurance rates for full coverage in New Jersey drivers with a speeding ticket at $123 per month or $1,472 per year.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Geico | $123 | $1,472 |
| NJM Insurance | $175 | $2,099 |
| Travelers | $187 | $2,242 |
| Progressive | $218 | $2,620 |
| Palisades Insurance | $254 | $3,053 |
Read More: Best Speeding Ticket Auto Insurance
Cheapest Auto Insurance in New Jersey With a Recent Accident
NJM Insurance offers the cheapest coverage for drivers who’ve been in a recent accident in N.J, with estimates as low as $1,714 per year.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 1. NJM Insurance | $143 | $1,714 |
| 2. Geico | $173 | $2,074 |
| 3. Selective | $204 | $2,445 |
| 4. Travelers | $242 | $2,905 |
| 5. Progressive | $267 | $3,198 |
Read More: What Is Accident Forgiveness?
Cheapest Auto Insurance in New Jersey for Drivers With a DUI
NJM Insurance offers the cheapest coverage for drivers with a DUI in New Jersey, with estimated rates as low as $175 per month.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| NJM Insurance | $175 | $2,099 |
| Progressive | $197 | $2,369 |
| Travelers | $221 | $2,648 |
| Palisades Insurance | $244 | $2,924 |
| Geico | $250 | $2,999 |
Cheapest Auto Insurance in New Jersey for Drivers With Bad Credit
Selective Insurance offers the lowest estimated rates for drivers with poor credit in New Jersey at $202 per month or $2,429 per year.
| Cheapest Car Insurance in New Jersey | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Selective | $202 | $2,429 |
| NJM Insurance | $236 | $2,829 |
| Geico | $288 | $3,453 |
| Progressive | $289 | $3,471 |
| Travelers | $323 | $3,870 |
Read More: Cheap Car Insurance For Bad Credit
Best Cheap Car Insurance New Jersey
The best cheap car insurance company in New Jersey is Geico. NJM, State Farm, Travelers and Selective Insurance also offer great coverage for affordable prices.
Below, we’ll go into detail about these car insurance companies in New Jersey and their coverage options:
#1 Geico: Best for Budget-Conscious Drivers
9.1/10
Industry Standing
Cheapest Minimum Car Insurance Rate In New Jersey: $53 per month
Cheapest Full Coverage Car Insurance Rate In New Jersey: $98 per month
Cheapest Coverage In New Jersey For: Full and minimum coverage policies
Number of Discounts: 16
Geico N.J. Car Insurance Review
According to our rate estimates, Geico is the best and cheapest choice overall for car insurance in New Jersey. The provider has plenty of coverage options, good customer service and many discounts that can help you save further.
Geico N.J. Car Insurance Cost and Coverage
Full coverage car insurance in New Jersey with Geico costs an average of $1,472 per year on average. This sits at around 42% cheaper than the state average of $2,513 per year.
The company offers a wide range of coverage and add-on options for drivers, from mechanical breakdown insurance to rental car reimbursem*nt and 24/7 roadside assistance.
Top Geico Car Insurance Discounts in N.J.
Below you can review some of the car insurance discounts from Geico for New Jersey drivers:
- N.J. defensive driving discount: Save up to 5% if you take a defensive driver course in the state.
- Geico DriveEasy: This usage-based program can help you save money on premiums.
- Military: Geico is one of the few companies to offer a military discount, and service members can get a premium reduction of up to 15%.
- Anti-theft devices: Get a discount of up to 23% for having safety devices in your car.
- Multiple vehicles: If you insure two vehicles or more with Geico, you can get up to 25% off.
Geico Car Insurance Reputation in N.J.
According to the J.D. Power 2023 U.S. Auto Insurance Study, Geico’s customer service rating in the Mid-Atlantic region, which includes Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington D.C. and West Virginia was below average by 12 points with a score of 818 out of 1,000. It also ranked below average for claims satisfaction nationally by 7 points, scoring 871 out of 1,000 in the J.D. Power 2023 Auto Claims Satisfaction Study.
Keep reading: Geico Insurance Review
#2 NJM Insurance: Low Rates for New Jersey Drivers
9/10
Industry Standing
Cheapest Minimum Car Insurance Rate In New Jersey: $62 per month
Cheapest Full Coverage Car Insurance Rate In New Jersey: $102 per month
Cheapest Coverage In New Jersey For: Those with accidents or DUIs
Number of Discounts: 12
NJM N.J. Car Insurance Review
New Jersey Manufacturers Casualty Insurance Company (NJM) is one of the cheapest providers in New Jersey and has impressive customer satisfaction ratings. While it is a smaller company, it also offers a wide array of add-on coverages and an extensive discount selection to help you save more.
NJM N.J. Car Insurance Cost and Coverage
Full coverage from NJM costs an average of $1,714 per year, which is 32% cheaper than the state average of $2,513 per year.
In addition to standard insurance, NJM offers gap insurance, transportation expenses, roadside assistance, and rideshare endorsem*nts.
Top NJM Car Insurance Discounts in N.J.
Here are some of the NJM car insurance discounts available in New Jersey:
- Full coverage discount: If you get a full coverage policy, you’ll get a discount.
- Good student discount: If you are under 25 and get a B average or higher, you can save.
- New car discount: If you have a vehicle that’s two years old or newer, you can get a premium reduction.
- Mature driver: Save if you’re a senior driver and complete a driving course.
- New Jersey driver safety course: Save money on your premium if you complete a state-approved course.
NJM Car Insurance Reputation in N.J.
In the 2023 J.D. Power Auto Insurance Study, NJM ranked fourth in the Mid-Atlantic region with a score of 834/1,000 — four points higher than the regional average. Because it’s a smaller company, it didn’t rank in the nationwide Auto Claims Satisfaction study.
#3 State Farm: Editor’s Choice
9.4/10
Industry Standing
Cheapest Minimum Car Insurance Rate In New Jersey: $96 per month
Cheapest Full Coverage Car Insurance Rate In New Jersey: $151 per month
Cheapest Coverage In New Jersey For: Good drivers with no violations
Number of Discounts: 15
State Farm N.J. Car Insurance Review
State Farm is another reputable provider of car insurance for New Jersey drivers. It offers low rates and a variety of discounts It also earned our title for Best Customer Experience nationally for its high customer satisfaction ratings in consumer studies.
State Farm N.J. Car Insurance Cost and Coverage
You can expect average full coverage car insurance rates to be $2,099 per year from State Farm. This yearly premium is 16% cheaper than the state average of $2,513.
Besides standard insurance plans, State Farm offers car rental and travel expenses coverage, emergency roadside assistance and rideshare coverage.
Top State Farm Car Insurance Discounts in N.J.
Below we’ve summarized some State Farm car insurance discounts available in New Jersey:
- : Save up to 30% off premiums if you drive safely and enroll.
- Good student discount: You can save up to 25% if your grade point average is a B or higher and you’re under 25.
- N.J. defensive driving discount: If you take a state-approved defensive driving course in New Jersey, you’ll save up to 5%.
- Steer Clear: If you‘re under 25 years old, you can enroll in this program to get discounts on premiums.
- Multi-car discount: Get multiple cars insured with the company and save.
State Farm Car Insurance Reputation in N.J.
In the J.D. Power Auto Insurance Study, State Farm ranks second overall in the Mid-Atlantic region with a score of 843 out of 1,000, which is 13 points above the area average. It also ranked high in the national J.D. Power Auto Claims Satisfaction Study, ranking fifth overall, with 891 points out of 1,000.
Keep reading: State Farm Insurance Review
#4 Travelers: Best for Most Drivers
9.5/10
Industry Standing
Cheapest Minimum Car Insurance Rate In New Jersey: $126 per month
Cheapest Full Coverage Car Insurance Rate In New Jersey: $146 per month
Cheapest Coverage In New Jersey For: Affordable full coverage for most driver profiles
Number of Discounts: 12
Travelers N.J. Car Insurance Review
Travelers ranks fourth for the best cheap New Jersey auto insurance companies and was named the Best For Most Drivers nationally in our study of 130 providers. The company’s policies are widely available, customizable with add-on coverages, and affordable for full coverage, no matter your driver profile.
Travelers N.J. Car Insurance Cost and Coverage
Travelers’ full coverage car insurance costs an average of $1,753 per year. This is 30% cheaper than the state average of $2,513.
The insurer offers several add-on coverages and features that Garden State drivers can choose from, including gap insurance, new car replacement, accident forgiveness and rideshare coverage.
Top Travelers Car Insurance Discounts in N.J.
See Travelers car insurance discounts in New Jersey below:
- N.J. driver training: If you take a state-approved driver training course, you can receive a reduction of premiums.
- New car discount: Insuring a new car that is fewer than three years old can save you money on car insurance with Travelers.
- Hybrid/EV car insurance: If you want to insure a vehicle that uses electric battery power, you can save.
- Multi-policy: With Travelers, you can save if you bundle policies like home and auto insurance.
- Homeowner: Owning a home or condo can help you save.
Travelers Car Insurance Reputation in N.J.
Travelers ranked seventh in the Mid-Atlantic region in the J.D. Power Auto Insurance Study, earning a customer satisfaction score of 822 out of 1,000, which is eight points below the average. The company also ranked slightly below average in the J.D. Power Auto Claims Satisfaction Study, scoring 871 out of 1,000, or seven points below average nationally.
Keep reading: Travelers Insurance Review
Why Is Car Insurance in New Jersey Getting So Expensive?
According to rate estimate data from Quadrant Information Services, average auto premiums in New Jersey are slightly cheaper than the national average. However, just as they are in most states, prices for car coverage in The Garden State have been on the way up . This is due to a combination of some of the national trends that have led to country-wide cost increases and a few local factors specific to New Jersey. These include:
- Surging car theft rates: Stolen cars present a significant risk for insurers, as they often result in damage or even total loss claims for drivers with comprehensive coverage. New Jersey saw a 21.5% increase in the rate of car thefts from 2017 to 2022, according to FBI data. This means an increase in the risk of comprehensive claims payouts for auto insurance providers which translates into higher premiums to compensate for that risk.
- Rising repair and maintenance costs: According to data from the U.S. Bureau of Labor Statistics (BLS), the U.S. has seen a 32.2% increase in the consumer price index (CPI) of vehicle repairs and maintenance since January 2020. This means that insurers have to pay out more for each repair claim they fulfill.
- Increasing fatal accident rates: More car accidents means more claims payouts for insurance providers, increasing their financial liability and leading to higher premiums. According to data from the National Highway and Traffic Safety Administration (NHTSA), New Jersey saw an 13.2% increase in the rate of fatal accidents from 2017 to 2021, meaning the state’s roads have gotten riskier for both drivers and their insurers.
How To Get Cheap Car Insurance In New Jersey
In all cases, we recommend comparing plenty of car insurance quotes to get the best and cheapest policy for your situation. However, before comparing quotes, you should do the following:
- Know the average costs for your area and driver profile to use as a benchmark
- Learn about the factors that affect the pricing of your car insurance
- Find what discounts that you may be eligible for
Below, we’ll provide information on each of these subjects to support your search.
Cheap Car Insurance In New Jersey Near Me
You can find cheap car insurance quotes near you in New Jersey by entering your zip code in the tool below.
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Average Car Insurance Cost New Jersey
According to our research, full coverage car insurance in New Jersey costs an average of $209 per month or $2,513 per year. That’s 25% higher than the national average of $2,008 per year. Minimum coverage insurance in New Jersey averages around $111 per month or $1,332 per year which is over 112% more expensive than the national yearly average of $627.
New Jersey Car Insurance Cost by Age
Below, you can compare average costs for full coverage car insurance in New Jersey for those aged 16-55:
| Age | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 16 | $882 | $10,578 |
| 25 | $236 | $2,827 |
| 35 | $209 | $2,513 |
| 45 | $203 | $2,441 |
| 55 | $189 | $2,269 |
Factors That Affect Car Insurance Prices in New Jersey
Your rates for car insurance in New Jersey will depend on your situation and vehicle. Significant factors that may influence your rate in the state include:
- Your location
- Vehicle age, make and model
- Age, gender and marital status
- Driving history
- Credit score
- Chosen deductible amount
Car Insurance Discounts in New Jersey
The table below compares the car insurance discounts offered by the top companies in the Garden State, which we’ll discuss in further detail below:
| New Jersey Car Insurance Discounts | Geico | NJM | Travelers | State Farm | Selective Insurance |
|---|---|---|---|---|---|
| Multi-policy | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Multi-vehicle | ✔️ | ✔️ | ✔️ | ✔️ | |
| Safe driver | ✔️ | ✔️ | ✔️ | ✔️ | |
| Student | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Defensive driving | ✔️ | ✔️ | ✔️ | ||
| Driver training | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| New vehicle | ✔️ | ✔️ | ✔️ | ✔️ | |
| Car safety equipment | ✔️ | ✔️ | ✔️ | ✔️ | |
| Loyalty | |||||
| Military | ✔️ | ||||
| Paperless Billing | ✔️ | ✔️ |
Here’s more information on the standard types of discounts offered by the best car insurance companies:
- Multi-policy: Bundle two or more insurance policies with the same company, such as renters and auto insurance
- Multi-vehicle: Insuring multiple cars under the same policy or combining auto insurance policies with your friends or family members
- Military: Applies to veterans or active military members
- Senior: Typically applies to policyholders who are 55 and older
- Homeowners: If you own a home, you may qualify for this discount
- Good student: Usually for college and high school students under 25 who maintain a B average in their courses
- Good driver: Applies to drivers with a clean driving record (no at-fault accidents, DUIs or speeding tickets in the last three years)
- Defensive driving: Those who take a defensive driving course qualify for this discount
- Driver training: Get a discount by taking a driver education training course
- New car: Given to drivers who purchase a new car, typically three model years or newer
- Safe car: Applies if your vehicle has safety features like anti-theft technology
- Paperless: Receive a discount by opting to receive your documents through email
- Pay-in-full: Save on your car insurance premium by paying your policy in full up front
New Jersey Car Insurance Requirements
Requirements for car insurance in New Jersey differ from most other states. You can choose from two options to satisfy the state’s minimum coverage required by law: the Standard Policy and the Basic Policy.
The Standard Policy provides a variety of coverage options and the opportunity to purchase additional protection. The Basic Policy provides minimal benefits for drivers and is best for those with few family responsibilities or assets.
Minimum Car Insurance in New Jersey
Here’s a side-by-side comparison of what the minimum New Jersey Standard and Basic Policies include:
| Coverage Type | Standard Policy | Basic Policy |
|---|---|---|
| Bodily injury liability coverage | From $25,000 to $250,000 per person, and from $50,000 to $500,000 per accident | Not included, but $10,000 per person and accident is an option |
| Property damage liability coverage | From $25,000 to $100,000 per accident | $5,000 per accident |
| Personal injury protection (PIP) | From $15,000 to $250,000 or more per person or accident, and up to $250,000 for certain injuries, regardless of chosen limit | $15,000 per person or accident |
| Uninsured motorist coverage/underinsured motorist coverage | Coverage is available up to the amounts the driver has chosen for liability coverage | None |
| Collision coverage | Available as an option | Available as an option |
| Comprehensive coverage | Available as an option | Available as an option |
The most commonly chosen type of car insurance in New Jersey is the Standard Policy. The state recommends that drivers choose this plan unless they have few assets and can’t afford more extensive coverage limits.
New Jersey Car Insurance: The Right To Sue
New Jersey drivers have to decide about their right to sue when choosing the Standard Policy. The Unlimited Right to Sue gives drivers the ability to sue the person who caused an auto accident for pain and suffering due to any injury. The Limited Right to Sue option means that you agree not to sue the person who caused an accident for pain and suffering unless you sustain one of the following:
- Loss of a body part
- Significant disfigurement
- Significant scarring
- A displaced fracture
- Loss of a fetus
- Permanent injury
- Death
New Jersey Commercial Auto Insurance Requirements
Commercial auto insurance requirements are as follows in New Jersey:
- 1-12 people (passenger vehicles): 25/100 bodily injury and 10/25 property damage
- 13-20 people (passenger vehicles): 25/200 bodily injury and 10/25 property damage
- 21-20 people (passenger vehicles): 25/400 bodily injury and 10/25 property damage
- 31+ people (passenger vehicles): 25/600 bodily injury and 10/25 property damage
- Limousines: $1.5 million combined single limit (CSL)
- Jitneys (buses): 10/100/5
- Carriers up to 26,000 pounds: $750,000 CSL
- Carriers 26,000 pounds or more: $1 million CSL
- Garage keepers liability: $100,000 CSL
Dollar-a-Day Car Insurance New Jersey
If you’re a low-income driver and can’t afford a policy, New Jersey offers a program for minimum coverage for just $365 a year. This dollar-a-day program is called the Special Automobile Insurance Policy (SAIP) and those who are enrolled in Federal Medicaid with hospitalization are eligible.
Cheap Car Insurance New Jersey: The Bottom Line
Through our exploration of cheap auto insurance in New Jersey, we found that these are the companies with the lowest rates:
- Geico: $88 per month*
- NJM: $102 per month*
- State Farm: $136 per month*
- Travelers: $136 per month*
- Selective Insurance: $137 per month*
While our breakdown is useful for making a decision, we still urge you to compare quotes from multiple companies so that you can find the best car insurance deal.
*The annual premiums presented are based on averages between minimum and full coverage auto insurance quotes we received from Quadrant Information Services.
New Jersey Car Insurance Quotes
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Cheap Car Insurance in New Jersey: FAQ
Below are some frequently asked questions about the cheapest car insurance in New Jersey:
Geico has the cheapest car insurance overall in New Jersey with average rates of $1,052 per year between full and minimum coverage. It also offers the cheapest rates in the state for young drivers, seniors and those with speeding tickets.
At rates of $123 per month or $1,472 per year, Geico offers the cheapest full-coverage car insurance in N.J. It’s also our pick for the cheapest car insurance company in the state and has a variety of attainable discounts that can help you save further.
In most cases, NJM is not cheaper than Geico, and the company comes in second behind the national insurer. However, if you’re looking for car insurance with an accident history or DUI, you’ll find cheaper rates with NJM car insurance.
Our research shows that full-coverage car insurance in New Jersey costs around $209 each month for a 35-year-old driver with a clean driving record and a good credit score. Your monthly payment will depend on your circ*mstances and the type of motor vehicle you drive.
Based on our research, car insurance in New Jersey costs 20% more than the national average. This is because New Jersey is the most densely populated state in the U.S. and operates with no-fault laws.
New Jersey drivers who want full car insurance coverage must purchase a Standard Policy. This plan provides bodily injury liability insurance, property damage coverage and personal injury protection. The state’s Basic Policy only includes property damage liability and personal injury protection.
New Jersey is one of 12 states operating under no-fault insurance laws. This means that each driver involved in an accident must file a claim with their own insurance company, regardless of who was at fault.
Operating a car in New Jersey without the minimum required insurance coverage under the state’s Basic Auto Insurance Policy is illegal. Your car can also be impounded by the state if you’re caught driving without insurance in New Jersey.
Cheapest Car Insurance Companies In Other States
Below you can compare other companies with the cheapest rates in other states:
| Alabama | Alaska | Arizona | Arkansas | California |
| Colorado | Connecticut | Delaware | Florida | Georgia |
| Hawaii | Idaho | Illinois | Indiana | Iowa |
| Kansas | Kentucky | Lousiana | Maine | Maryland |
| Massachusetts | Michigan | Minnesota | Mississippi | Missouri |
| Montana | Nebraska | Nevada | New Hampshire | New Mexico |
| New York | North Carolina | North Dakota | Ohio | Oklahoma |
| Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota |
| Tennessee | Texas | Utah | Vermont | Virginia |
| Washington | Washington, D.C. | West Virginia | Wisconsin | Wyoming |
Other Best and Cheapest Car Insurance Guides
If you’re looking for other types of insurance coverage, you can use our articles below to help support your decision making:
| Insurance Category | Best Companies | Cheapest Companies | Average Insurance Cost |
|---|---|---|---|
| Home Insurance | Best Home Insurance Companies | Cheapest Home Insurance Companies | Home Insurance Cost |
| Renters Insurance | Best Renters Insurance Companies | Cheapest Renters Insurance Companies | Renters Insurance Cost |
| Life Insurance | Cheapest Life Insurance Companies | Best Life Insurance Companies | Term Life Insurance Cost; Whole Life Insurance Cost |
| Pet Insurance | Best Pet Insurance Companies | Cheapest Pet Insurance Companies | Pet Insurance Cost |
| Motorcycle Insurance | Best Motorcycle Insurance Companies | Cheapest Motorycycle Insurance Companies | Motorcycle Insurance Cost |
| RV Insurance | Best RV Insurance Companies | Cheapest RV Insurance Companies | RV Insurance Cost |
| Boat Insurance | Best Boat Insurance Companies | Cheapest Boat Insurance Companies | Boat Insurance Cost |
| Travel Insurance | Best Travel Insurance Companies | Cheapest Travel Insurance Companies | Travel Insurance Cost |
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
- Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
- Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
- Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
- Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.
Our credentials:
- 800 hours researched
- 45 companies reviewed
- 8,500+ consumers surveyed
*Data accurate at time of publication.
If you have feedback or questions about this article, please email the MarketWatch Guides team ateditors@marketwatchguides.com.
