Who Has the Cheapest Car Insurance in New Jersey? – ValuePenguin

the best cheap car insurance companies in new jersey

cheapest auto insurance quotes in new jersey: geico

geico has the cheapest minimum coverage auto insurance quotes in new jersey, averaging $530 per year. Geico policies cost almost 50% less than the state average for minimum coverage.

drivers can also find cheap car insurance in new jersey from njm and plymouth rock. both offer average car insurance rates of $69 per month.

Reading: Who has the cheapest car insurance in nj

cheapest full coverage auto insurance in new jersey: geico

The cheapest full coverage auto insurance company in New Jersey is geico, where coverage costs an average of $1,153 a year, or $96 a month. Alternatively, drivers can find cheap rates at plymouth rock, which also offers auto insurance quotes for $1,560 a year.

Comprehensive and collision coverages are included in comprehensive policies and reimburse for damage to your car after most accidents, theft, natural disasters, and vandalism.

inexpensive car insurance quotes for new jersey drivers with prior incidents

The cost of auto insurance in New Jersey will typically increase for drivers after a driving incident. Drivers who have been in an at-fault accident or received a speeding citation or after a DUI will likely see higher rates than those who have not.

cheapest quotes for people with a speeding ticket: geico

new jersey drivers who have a speeding ticket on their record can find the cheapest full coverage car insurance quotes with geico, which offers coverage for $1153 per year , the same price you pay if you have not received a speeding ticket.

plymouth rock also keeps the same rates after a first speeding ticket. its average price is $1560 per year, $407 more expensive per year than geico.

Getting a speeding ticket can increase the cost of car insurance by an average of 15%, while being involved in an accident increases the cost by an average of 57%.

the cheapest car insurance after an accident: geico

New Jersey drivers with an accident on their driving record can still find cheap full coverage auto insurance quotes at geico, where the average price is $1,613, up 50% cheaper than average auto insurance. after an accident.

Having just one accident on your driving record can significantly increase your auto insurance quotes, as a driver who has been in one accident is more likely to have another in the future. New Jersey drivers pay 64% more after an at-fault accident.

cheapest car insurance rates after a dui: plymouth rock

drivers who have been cited for a dui can still find cheap auto insurance quotes in plymouth rock new jersey. plymouth rock auto insurance costs $2,003 — 30% less than the average dui rate.

See also: Does my car insurance cover me when i rent a car

After a DUI, the cost of auto insurance in New Jersey can rise dramatically to $2,841 per year for full coverage. That’s an increase of $872 compared to the quotes for a driver with a clean record.

the cheapest car insurance for married drivers: geico

in new jersey, geico remains the cheapest option for married drivers, although the insurer raises its rates for married people, which likely encourages bundling. In the state as a whole, the cost of full coverage auto insurance is 3% cheaper for married drivers than for single drivers.

It is common for insurers to offer slightly cheaper quotes to married drivers.

cheapest car insurance quotes for young drivers in new jersey: geico

18-year-old drivers in new jersey should consider getting quotes from geico, which offers minimum coverage for $1,017 per year, which is 62% cheaper than average. Geico is also the cheapest option for full coverage, with an annual premium of $2,488 per year.

If possible, a young driver should try to stay on their parent’s policy. The cost of adding an 18-year-old driver to an existing policy is much more affordable than the cost of a stand-alone policy.

cheapest car insurance quotes for young drivers with a speeding ticket: geico

geico offers the cheapest car insurance for young drivers after receiving a speeding ticket. The insurer charges an average rate of $1,017 per year for minimum coverage, which is 66% cheaper than the state average. In particular, Geico does not increase rates for young drivers after receiving a speeding ticket.

the cheapest car insurance for teen drivers after an accident: geico

geico is also the cheapest car insurance company for young drivers with a previous at-fault accident, offering 72% less coverage than average. Along with Geico, njm is the only other insurer that quotes less than $2,000 per year for minimum coverage.

best auto insurance companies in new jersey

state farm also received an excellent rating of 4.5/5 stars. As the nation’s largest insurer, State Farm offers reliable coverage in nearly every state in the country and offers robust online tools along with affordable rates.

Customer service and coverage options are an important part of finding the best auto insurance policy. While finding an affordable rate for insurance is key, ultimately insurance is a service, and getting reliable coverage you can count on is just as essential.

new jersey auto insurance coverage requirements

new jersey drivers have the option to choose between two types of policies: standard or basic. Uninsured and underinsured motorist coverage is available in a standard policy, but not in a basic policy. In addition, some basic policies do not include the option of comprehensive and collision insurance, although the availability differs between insurers.

With minimum coverage or a basic plan, drivers can lower the cost of their policies. however, full coverage auto insurance may be more appropriate for some drivers.

See also: Why is private medical insurance so expensive?

We encourage new jersey drivers to consider higher liability limits than they need for the state’s minimum coverage laws, as well as comprehensive and collision coverage. Minimum coverage plans may not be enough to fully cover the cost of damage in a costly accident.

limited right vs. unlimited to sue for non-economic losses

There is a unique feature in the new jersey auto insurance regulations that gives you the option of a limited or unlimited right to sue for non-economic losses after a car accident, which means the ability to sue for pain and suffering.

what are non-economic losses?

Non-economic losses are generally referred to as “pain and suffering” losses which are more subjective (eg, loss of companionship/pleasure in life). this is different from suing for quantifiable damages, such as lost income from missing work or medical payments to cover hospital bills.

what is the difference between a limited and unlimited right of sue?

A limited right to sue means you agree in advance not to sue for pain and suffering. You can only sue for pain and suffering if your injury results in loss of a limb, significant disfigurement or scarring, a displaced fracture, the loss of a fetus, permanent injury to a body part or organ that cannot heal normally, or death. .

You can still sue for economic losses, but you have to choose between a limited right to sue or an unlimited right to sue for non-economic losses.

average cost of car insurance in new jersey by city

The average cost of full coverage auto insurance in New Jersey is $1,969 per year or $164 per month. However, your city and zip code play a large role in determining auto insurance rates, so we recommend that New Jersey drivers compare online quotes from multiple insurance companies in their area.

summary of cheapest auto insurance quotes in new jersey

frequently asked questions


We collect thousands of new jersey zip code rates for the state’s major insurers. We use a sample controller with the following profile:

The base policy for the study was a full coverage policy with the following limits:

for our minimum coverage policy, we receive quotes for a policy with the minimum limits required in new jersey. we use minimum coverage rates for our young driver quotes, except where noted.

For other rate analyzes (such as accident history and marital status), the base policy mentioned above has been modified to reflect the new driver.

valuepenguin’s analysis used insurance rate data from quadrant information services. These rates were obtained publicly from insurer filings and should be used for comparison purposes only; your own quotes may be different.

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