Average car insurance cost in Jersey City, NJ

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

According to data from Insure.com, the average annual cost of car insurance in Jersey City, New Jersey is $2,331. The auto insurance rates in Jersey City is $429 more than the state average and $436 more than the national average.

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Jersey City, the average car insurance rates by age and gender, and how much car insurance cost in Jersey City depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Jersey City. Keep reading to learn more.

Cheap car insurance companies in Jersey City

At an average of $1,433 per year with full coverage limits of 100/300/100, NJM provides the most affordable car insurance in Jersey City.

Ranked as the second most affordable company in Jersey City, Geico provides car insurance at $1,695 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Jersey City that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Jersey City, New Jersey:

Read about the best car insurance companies.

Average car insurance cost in Jersey City by coverage limits

The average car insurance rates in Jersey City by coverage type are as follows:

• State minimum coverage: $1,085 per year (limits of 25/50/25)
• Liability-only coverage: $1,153 per year (limits of 50/100/50)
• Full coverage: $2,331 per year (limits of 100/300/100)
• Non-owners coverage: $445 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Jersey City

Based on an analysis by Insure.com, female drivers in Jersey City, New Jersey pay an average annual car insurance premium of $2,321. In comparison, male drivers pay $2,340 annually, which is $19 more than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Jersey City

In Jersey City, car insurance rates are highest for teens, averaging $7,081 per year or $590 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $3,524 annually for their car insurance, which is $3,557 less than what teens pay for their coverage.

In Jersey City, adult drivers pay an average of $2,321 per year for car insurance, while senior drivers pay $2,225 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Jersey City

If we look at the car insurance rates trends in Jersey City, New Jersey, it was on an downward swing from 2022 to 2023. From 2022 to 2023, the rates decrease overall by 4%, or $96.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Jersey City, are higher than the average insurance cost in New Jersey. Shopping around and taking advantage of available discounts, drivers in Jersey City can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

 . .

Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.