Average Car Insurance Cost in New Jersey

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If you are looking for auto insurance in New Jersey, knowing how much it will cost is a promising idea. The average premium for car insurance in New Jersey is $1,901 per year or $158 per month. While the national average is $1,682. There is a difference of $219 more between the national average and the state average.

If you live here, you know that already. But do you know why? There are a range of factors that affect car insurance rates. A few of them are –age group, gender, driving history, credit score, and location where you live.

Apart from the factors which affect auto insurance rates, this guide also talks about the average rate of full coverage in state, companies offering cheap monthly premiums for car insurance, average car insurance rates by cities in New Jersey, and car insurance rates by age group.

Shop around and compare quotes to save money on your auto insurance. Keep reading the guide to make sure the insurance policy does not cost you more than your requirements.

Summary of average car insurance cost in New Jersey
Average annual cost $1,901	Average per month cost $158	Average cost for state minimum coverage $989 / Year
Cheapest car insurance company Palisades ($1,073/ Year)	Average cost for young drivers $3,031 / Year	Average cost for Senior drivers $1,907 / Year

Key Takeaways

The average car insurance cost in New Jersey is $1,901 per year, based on Insure.com’s analysis.
In New Jersey, the average premium for car insurance is $158 per month.
Palisades has the cheapest car insurance rates in New Jersey, at an average annual rate of $1,073 a year.

Average car insurance cost in New Jersey per month

In New Jersey, the average premium for car insurance is $158 per month.

The price for the same coverage may differ between companies, which is true of every auto insurance company. When looking for car insurance rates in New Jersey, it is a promising idea to get quotes from many firms.

As per the rate analysis conducted by Insure.com, the company which offers cheapest car insurance premiums in New Jersey is Palisades.The average annual cost is $1,073 while the average cost per month is $89. The second-best option available is, Geico, offering insurance at an average per month cost of $104.

The table below lists the other available car insurance companies which offer car insurance in New Jersey, along with their average cost per month and average annual cost.

Company name	Average per month cost	Average annual cost
Palisades	$89	$1,073
Geico	$104	$1,250
New Jersey Manufacturers	$107	$1,284
State Farm	$141	$1,688
Travelers	$149	$1,791
Allstate	$150	$1,798
Mercury Insurance	$175	$2,103
Farmers Insurance	$204	$2,445
Progressive	$261	$3,135

Read our guide to best car insurance companies

Average cost of car insurance by coverage levels in New Jersey

The amount of coverage you purchase has an impact on how much car insurance costs in New Jersey. Your premium is determined by your liability limits, as well as whether you want comprehensive and collision coverage.

Liability only insurance protects a third party’s property damage and personal injuries in the event of an accident. In the case of a collision, having only liability coverage on your auto insurance would not cover your injuries or personal property damage since you are the driver responsible for the accident. If your coverage limit is 50/100/50 Liability only, the average cost per year in New Jersey is $1,120.

When you add more coverage to your policy, your insurance premium increases. As the insurance provider will have to compensate you if you are in an accident or suffer damage in any other manner. Hence, the average cost of full coverage car insurance in New Jersey is $1,901 per year.

For someone who does not own the car, but frequently rents a car, non-owner state minimum liability coverage is best suited. It is like liability-only coverage and covers for property damage and bodily injury caused to another driver. In New Jersey, the average annual cost for non-owner state minimum liability only is $993.

And for those who wish to save money on car insurance premiums can opt to have only the state minimum liability coverage, to be able to legally drive in the state. The state minimum liability only coverage costs $989 per year in New Jersey.

Coverage limits	Average annual cost
50/100/50 Liability Only	$1,120
100/300/100 Liability with $500 Comp/Coll Deductible	$1,901
Non-Owner State Minimum Liability Only	$993
State Minimum Liability Only	$989

Average car insurance cost in New Jersey by City

Your car insurance premium is determined by a variety of factors, including your state, city, and even ZIP code. The incidence of accidents and the likeliness of vehicle theft or vandalism can influence the overall cost of a city or ZIP code.

The table below depicts the top popular cities in New Jersey:

City	Average annual cost
Newark	$2,807
Jersey City	$2,398
Paterson	$2,729
Elizabeth	$2,700
Clifton	$2,355
Trenton	$2,135
Camden	$2,680
Passaic	$2,754
Union City	$2,601
Bayonne	$2,270

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in New Jersey by city

Average car insurance cost in New Jersey by age of the driver

Age is also a consideration when it comes to auto insurance rates. Teens are more likely to be in automobile accidents than any other generation. For example, the average annual rate for young drivers in New Jersey is $3,031 while for seniors is $1,907. Here, the rate for young drivers is $1,124 more than the rate for senior drivers.

According to statistics, young drivers are more likely to be in a vehicle accident than more experienced drivers. As a result, they are deemed high-risk and costly to insure. They are considered a high-risk driver because of over-speeding and less driving experience on road. Although, premiums start to rise again about age 70 when some aspects of aging start affecting driving abilities.

Average car insurance cost in New Jersey for young drivers

The average car insurance cost for female young drivers in New Jersey is $2,848 per year or $237 per monthand rate for a male young driver is $3,214 per year or $268 per month.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
18	$7,183	$6,285
19	$4,626	$3,970
20	$4,229	$3,643
21	$3,377	$2,960
22	$3,118	$2,758
23	$2,749	$2,511
24	$2,598	$2,368
25	$2,257	$2,145

Average car insurance cost in New Jersey for senior drivers

In New Jersey, the cost of car insurance for senior female driver is $1,898 per year or $158 per month and cost of car insurance for male senior driver is $1,915 per year or $160 per month.

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
65	$1,886	$1,871
70	$1,967	$1,956
75	$2,135	$2,099

Minimum car insurance requirements in New Jersey

Each state sets its own regulations regarding the minimum amount of car insurance coverage drivers must carry to operate a vehicle legally on the roads. According to information provided by the New Jersey Department of Insurance, the following are the required coverages and minimum coverage limits in New Jersey:

Bodily injury per person: $15,000
Bodily injury per accident: $30,000
Personal property coverage per person: $5,000

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Cheapest cars to insure in New Jersey

The Subaru Forester 2.5I has the lowest average annual insurance premium at $1,735, followed closely by the Mazda CX-30 S at $1,744. The difference in the cost of insuring these two models is $9 annually.

Make	Model	Average annual premium
Subaru	Forester 2.5I	$1,735
Mazda	CX-30 S	$1,744
Hyundai	Venue SE	$1,764
GMC	Savana G2500	$1,777
Mazda	CX-5 S	$1,779
Kia	Seltos EX	$1,788
Toyota	C-HR Limited	$1,789
Volkswagen	Tiguan S	$1,793
Ford	Transit Connect Titanium	$1,795
Mini	Cooper SE	$1,798

Most expensive cars to insure in New Jersey

The most expensive car to insure on the list is the Maserati Quattroporte, which has an average annual premium of $4,900. However, the difference between the cheapest and most expensive cars to insure is $3,165 annually.

Make	Model	Average annual premium
Maserati	Quattroporte	$4,900
Porsche	718 Boxster Spyder	$4,646
Tesla	Model S Plaid	$4,533
Maserati	Levante Trofeo	$4,437
Maserati	Ghibli Modena	$4,301
Maserati	Ghibli GT	$4,152
BMW	M8 Competition XDrive	$3,935
Dodge	Charger SRT Hellcat	$3,888
Alfa-Romeo	Giulia Quadrifoglio	$3,823
Porsche	Taycan Turbo S	$3,804

Note: For coverage limit: 100/300/50 liability with a $500 comprehensive and collision deductible.

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 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes.

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