The Best Car Insurance in New Jersey for 2022

The best car insurance companies balance customer satisfaction, affordability, and financial stability. The top car insurance company in New Jersey is New Jersey Manufacturers, which has the highest customer satisfaction score and came in second for affordability. It tied first and second for claims and financial stability, respectively.

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Last Updated: 5/13/2022
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MoneyGeek found that New Jersey Manufacturers is the best car insurance company in New Jersey. However, you can still find better options, depending on your unique circumstance and preferences. MoneyGeek’s analysis took customer service, cost of coverage, and other vital factors into account.

MoneyGeek’s analysis can also help you pick the best option if you’re looking for the cheapest car insurance companies in New Jersey without considering the quality of service.

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The Best Car Insurance in New Jersey

Best Car Insurance Companies in New Jersey: Overall

MoneyGeek’s analysis used several factors, including average rates, claims ratings and customer satisfaction, to determine the best car insurance companies in New Jersey.

The analysis found that the two top car insurance companies in New Jersey are:

  • New Jersey Manufacturers: MoneyGeek score of 4.6 out of 5
  • GEICO: MoneyGeek score of 4.6 out of 5

USAA was not included in this analysis as its policies are available only to former and current military members and their families. However, it received a MoneyGeek score of 5 out of 5, making it the best car insurance company in New Jersey for active-duty military personnel and veterans.

The Top 5 Car Insurance Companies in New Jersey

1
New Jersey Manufacturers
Score:4.6

3.7/5

Affordability

5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Full car insurance coverage by NJM costs approximately $1,362 annually. The insurer ranked first for customer satisfaction and tied first for claims. It also ranked second for affordability and tied second in terms of financial stability. New Jersey Manufacturers offers rideshare insurance.

More About New Jersey Manufacturers

If you drive for a ridesharing company, NJM’s add-on rideshare insurance protects you from gaps in the transportation network company’s commercial insurance coverage in specific situations.

Read MoneyGeek's New Jersey Manufacturers auto Insurance Review
2
GEICO
Score:4.5

5/5

Affordability

4.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

GEICO's annual average cost is $1,035. It scored first for affordability, tied first for stability, scored second for satisfaction, and tied second for claims in New Jersey. It offers Mechanical Breakdown Insurance.

More About GEICO

You're eligible for GEICO's add-on Mechanical Breakdown Insurance (MBI) if your new or leased car is less than 15 months old and has less than 15,000 miles. The coverage is better and less expensive than the typical dealer extended warranty. It includes all parts and systems, not just the specific list of items covered by most dealer warranties.

Read MoneyGeek's GEICO auto Insurance Review
3
Progressive
Score:3.6

3.1/5

Affordability

3.5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

The average annual premium for full coverage car insurance from Progressive is $1,505. Tied second for stability and claims, Progressive tied fourth for customer satisfaction. It also placed fourth out of a total of six companies in affordability. It offers custom parts coverage and rideshare insurance.

More About Progressive

Progressive's custom parts add-on insurance pays for repair or replacement of items you added to your car, typically to a limit of $5,000. These include aftermarket accessories not installed by the original manufacturer, such as a stereo, engine turbochargers, paint job, unique lights, chrome bumpers, navigation system, and custom wheels. The insurance company also offers a rideshare insurance add-on that helps fill the gaps in your rideshare company’s policy and protects you when you're logged into your app. If you’re in an accident while waiting to receive a ride request, the coverage can protect you, even if you're liable for injuries or damages. It will also pay to repair or replace your own damaged vehicle.

Read MoneyGeek's Progressive auto Insurance Review
4
Travelers
Score:3.6

1.9/5

Affordability

3.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers tied first for financial stability and claims, tied fourth for satisfaction, and came fifth for affordability in New Jersey. Costing an average annual cost of $1,824 for full coverage car insurance, Travelers offers gap insurance coverage.

More About Travelers

Travelers offer gap insurance to policyholders in New Jersey to help protect you if your financed or leased vehicle is deemed a total loss in an accident. Known as loan/lease insurance, this coverage may pay the difference between the actual cash value of your insured car and the unpaid balance of the loan or lease.

Read MoneyGeek's Travelers auto Insurance Review
5
Allstate
Score:3.5

3.2/5

Affordability

3.5/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take
Geek Quick Take

Allstate costs an average of $1,490 annually. It ranks third in affordability, claims, and stability. The insurance company tied fourth in terms of customer satisfaction and offers custom parts coverage and portable electronics and media coverage.

More About Allstate

Allstate’s Ride for Hire add-on optional coverage protects you when your app is on, and you’re waiting for an assignment. The sound system add-on is coverage not commonly offered by auto insurers. It replaces stolen or damaged system components, speakers, video equipment, and more. To choose the sound system add-on, you must have comprehensive coverage.

Read MoneyGeek's Allstate auto Insurance Review
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HOW WE DETERMINED THE BEST INSURANCE IN NEW JERSEY

It’s important to note that your coverage premiums may change from one insurer to the next, depending on a variety of factors. MoneyGeek’s team determined the best full coverage policies in New Jersey by collecting full coverage policy quotes for a sample driver across several insurers. We also collected claims ratings and user satisfaction ratios from J.D Power and the National Association of Insurance Commissioners (NAIC). Read MoneyGeek’s methodology for more details.

MoneyGeek's New Jersey Car Insurance Resources:

Compare the Best Insurance Options in New Jersey

Cost, quality of service, and financial stability are crucial factors when determining the best car insurance in New Jersey. Additionally, choosing the best combination of these factors ensures that the company you choose has the best coverage for you. You can use MoneyGeek’s in-depth customer reviews to find the best auto insurance companies in New Jersey.

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Best Car Insurance in New Jersey for Customer Service

MoneyGeek scored the best providers in New Jersey, based on claims ratings and user satisfaction only.

As a result, the two top-rated companies for customer service without considering their costs are:

  • New Jersey Manufacturers: MoneyGeek score of 5.0 out of 5
  • GEICO: MoneyGeek score of 4.3 out of 5
The Top 2 Car Insurance Companies in New Jersey for Service Quality

1
New Jersey Manufacturers
Score:5

5/5

Claims

5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

NJM has a user score and claims rating of 5, ranking the highest among other companies analyzed by MoneyGeek.

More About New Jersey Manufacturers

When you purchase NJM full coverage insurance, gap insurance is included. This can help pay off your auto loan or lease if your insured car is deemed a total loss. You can opt for rental car and or travel reimbursement as well as roadside assistance, which can help whether you break down or get locked out of your car.

Read MoneyGeek's New Jersey Manufacturers auto Insurance Review
2
GEICO
Score:4.3

4/5

Claims

4.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

GEICO came in second among the best car insurance companies in New Jersey, with a user satisfaction score of 4.5. It also tied for second on claims rating at 4 out of 5.

More About GEICO

GEICO policyholders can buy accident forgiveness as an add-on. This prevents your rates from increasing after your first at-fault accident. You can also opt for rental car coverage, which pays a preset amount for a car rental when you can’t drive your own due to a covered accident. Roadside assistance is available as another add-on, which pays for the cost of flat tires, towing, jump starts, and lockout services.

Read MoneyGeek's GEICO auto Insurance Review

Best Car Insurance in New Jersey for Drivers on a Budget

For the best car insurance policy with minimum requirements in New Jersey, you can use MoneyGeek’s scores to get the best rates.

Below are two of the best auto insurance companies with New Jersey’s minimum requirements:

  • GEICO: 5 out of 5
  • New Jersey Manufacturers: 3.5 out of 5

Each insurer’s score is based on their ability to balance affordability for a minimum coverage policy and customer service.

MoneyGeek’s Pick: GEICO

GEICO

pros

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An affordable minimum coverage policy of $499 per year.

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Discounts available for bundled insurance.

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Discounts for members of partner professional organizations and alumni.

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Discounts for federal employees.

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MoneyGeek claims ratings of 4.0 out of 5.

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MoneyGeek user satisfaction rating of 4.5 out of 5.

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No discount on paperless billing.

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No discount for premiums paid in full.

COMPANY HIGHLIGHTS

You can take advantage of GEICO discounts on bundling your insurance policy and if you insure more than one vehicle to save on your premiums.

Discounts are also offered for safety equipment such as airbags and daytime running lights, or an anti-theft system and anti-lock brakes. If your car is brand new, you can claim a discount, and you’ll also get a discount if you’re accident-free for five years.

Best Car Insurance in New Jersey for Poor Driving Records

MoneyGeek analyzed the best cheap car insurance in New Jersey for drivers with at-fault accident records. These companies are:

  • New Jersey Manufacturers: 5 out of 5
  • GEICO: 4.9 out of 5

These scores are for auto insurance companies that balance both affordability after an accident and customer service.

MoneyGeek’s Pick: New Jersey Manufacturers

New Jersey Manufacturers

pros

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Affordable full coverage at $1,362 per year after an at-fault accident.

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Claims and satisfaction rating score of 5 out of 5.

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Rental car reimbursement.

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Emergency roadside assistance.

cons

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Does not offer accident forgiveness.

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No new car replacement coverage.

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Does not offer better car replacement coverage.

COMPANY HIGHLIGHTS

New Jersey Manufacturers has an affordable annual average cost of $1,362. It has high scores of 5 out of 5 in customer satisfaction and claims. NJM also has the best policies for drivers with a bad driving record as it offers a variety of coverage options and discounts.

In the event of an accident, NJM insurance covers the following:

  • Roadside assistance: Roadside assistance is an add-on to your policy that allows you to travel safely with reliable protection against breakdowns.
  • Rental car reimbursement: If your vehicle is involved in a covered loss and carries physical damage, your policy provides rental, ride-sharing, or taxi reimbursement.

Best Car Insurance in New Jersey for a Military Background

Research by MoneyGeek ranks USAA as the top car insurance company in New Jersey for military families and veterans with a score of 5 out of 5. It has the most affordable rates on average.

MoneyGeek’s Pick: USAA

USAA

pros

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Excellent customer service.

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Great option for first-time drivers and new vehicle owners.

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You can save if your car is 3 years old or newer.

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Only available for active and former service members and their families.

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Limited range of coverage options and benefits.

COMPANY HIGHLIGHTS

USAA offers consistently low premium policy rates in New Jersey with the best customer service ratings.

It offers discounts and coverage as follows:

  • Bundling discounts: You can combine your USAA auto insurance with your home or rental policies to get maximum discounts.
  • Good students: There’s a discount if you’re a student with good grades.
  • Multiple car discount: You can save if you insure more than one car.
  • Safe driver discount: Maintain a good driving record for five years to see discounts.
  • Roadside assistance: Coverage includes towing, flat tire changes, gas delivery, jump-starts, and unlocking your car.
  • Rental Reimbursement: With USAA, you’re eligible for rental car coverage while your vehicle is being repaired.

Best Car Insurance in New Jersey for Young Drivers and Students

MoneyGeek scored the best insurance providers in New Jersey for first-time drivers, students and young drivers based on the cost and customer service records.

The best insurance companies in New Jersey for students that balance both affordability and user support are:

  • GEICO: 4.6 out of 5
  • Progressive: 3.6 out of 5

MoneyGeek’s Pick: GEICO

GEICO

pros

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Affordable annual premium of $2,199.

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MoneyGeek’s claims rating of 4 out of 5.

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MoneyGeek’s customer satisfaction rating of 4.5 out of 5.

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Offers good student discounts.

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Offers driver’s education discounts.

cons

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Does not offer distant student discounts.

COMPANY HIGHLIGHTS

Insurance premiums for young drivers and for students are typically very high. GEICO offers the lowest rates in New Jersey for full coverage car insurance.

It also offers discounts for good students, and those who complete driver’s education and defensive driving courses, all of which can help families save money.

Best Car Insurance in New Jersey for Those With New Cars

MoneyGeek’s analysis includes the best insurance companies in New Jersey that rank well and offer new car replacement. With new car replacement coverage, you’re reimbursed for the full value of a brand new model of your insured vehicle (not just the depreciated value) if your car gets totaled. The coverage is optional, and as an add-on, you’ll have to pay more for it.

The best insurance company in New Jersey that offers new car replacement coverage is Travelers, with a MoneyGeek score of 3.6 out of 5.

MoneyGeek’s Pick: Travelers

Travelers

pros

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It has an affordable average annual cost of $1,824.

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Offers new car replacement.

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MoneyGeek claims rating of 5 out of 5.

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MoneyGeek financial stability rating of 5 out of 5.

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No better car replacement coverage offered.

COMPANY HIGHLIGHTS

Travelers is a great fit for drivers with new cars because it offers new car replacement coverage. Your new car starts to depreciate as soon as you drive it off the lot. If you total your new car in the first five years, this coverage replaces it with a brand new car of the same make and model.

Best Car Insurance in New Jersey for Low-Mileage Drivers

Most insurance companies now have pay-per-mile coverage, where how much you pay depends on the number of miles you drive. Low mileage drivers in New Jersey can consider Metromile as the best option.

MoneyGeek’s Pick: Metromile Auto

Metromile Auto

pros

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Affordable rates for car owners who drive very little.

cons

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Costly compared to traditional car insurance if you drive regularly.

COMPANY HIGHLIGHTS

With Metromile coverage, you’re charged a base rate plus miles driven each month. As with any car insurance company, Metromile considers various factors when calculating the base rate, such as driver age, credit history, type of vehicle and driver history.

How to Find the Best Car Insurance in New Jersey in For You

If you’re looking for the best car insurance in New Jersey, you want to consider the cost of coverage, in addition to customer service and the financial stability of the insured.

MoneyGeek has collected all of this information for you, but you can certainly go through the process yourself.

1

Research Customer Service Reputations in New Jersey

MoneyGeek reviewed customer satisfaction ratings for the best auto insurance in New Jersey. However, you can look up J.D. Power satisfaction scores and NAIC complaint ratios in New Jersey for the various providers you want to research. You can also obtain information from the State of New Jersey Division of Insurance.

2

Compare Quotes for Yourself

MoneyGeek’s quotes are averages for sample drivers in New Jersey and do not represent the entire state. You should get at least three quotes for comparison for a good idea of how much car insurance will cost you.

3

Make Sure the Company Has Coverages You Want in New Jersey

Insurers advertise their available coverages or discounts to customers, but sometimes the features aren’t extended to every state. You can contact the company directly to confirm it has the offer you’re looking for in your area of New Jersey.

4

Double-Check Financial Stability Ratings

It’s vital to check the financial stability of an insurance provider. Large insurance companies tend to be financially more robust, and regional insurance companies in New Jersey may have lower ratings. This can affect their ability to pay out claims and even to provide satisfactory service.

FAQs About the Best Car Insurance in New Jersey

The best car insurance in New Jersey for you will depend on your needs. Below are answers to some of the most common questions.

Methodology

MoneyGeek’s data on car insurance costs in New Jersey was collected in collaboration with Quadrant Information Services. Unless otherwise noted, the data was based on a sample driver with a clean driving record for a full comprehensive and collision policy, as described on our methodology page.

MoneyGeek calculated scores for customer satisfaction, claims satisfaction and financial strength from evaluations by J.D. Power, AM Best, and NAIC. Coverage and discount data was obtained from insurer websites and quote tools.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.