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The average car insurance cost in Jersey City, New Jersey is $2,331 per year, according to Insure.com data analysis. Also, the car insurance rates in Jersey City is $429 more than the average rates in New Jersey and $436 more than the national average.

Graph
Table
City average ratesState average ratesNational average cost
$2,331$1,902$1,895

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Jersey City, the average car insurance rates categorized by age and gender, and the cost of car insurance in Jersey City based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Jersey City. Read on to learn more.

Key Takeaways

  • Car insurance costs $2,331 per year, on average, in Jersey City.
  • NJM offers the cheapest car insurance in Jersey City, at an average of $1,433 per year.
  • Young adults pay $3,524 per year for car insurance in Jersey City.

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:

Affordable car insurance providers in Jersey City

Graph
Table
Company NameAverage annual costAverage monthly cost
NJM$1,433$119
Geico$1,695$141
Plymouth Rock Assurance$1,947$162
Travelers$2,104$175
Selective Insurance$2,286$190
Progressive$2,565$214
State Farm$2,814$234
Farmers$2,895$241
Allstate$3,240$270

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 based on coverage types are as follows:

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

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Jersey City

The average car insurance per year for female drivers in Jersey City, New Jersey, is $2,321.

Whereas the yearly average car insurance rate for male drivers is $2,340, which is $19 more than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

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 rates by age groups in Jersey City

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$7,081$3,524$2,321$2,225

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:

How car insurance rates are changing in Jersey City

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$1,663$2,535$2,427$2,331

Conclusion

In conclusion, Jersey City’s car insurance rates are higher than the average insurance rates in New Jersey. Drivers in Jersey City can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

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.

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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.

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