Compare the Cheapest Car Insurance Quotes in Elizabeth

The average car insurance rate in Elizabeth is 3.3% higher than the state average at $1,729 annually. GEICO is the cheapest provider in the city, offering policies at an average of $1,086 per year. MoneyGeek analyzed several companies by coverage amount and driving history. If you value affordability and quality, MoneyGeek determined the best insurance providers in Elizabeth.

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Last Updated: 5/16/2022
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Your premium will be determined by your driving record and elected coverage amount. GEICO is the cheapest option for full coverage, state minimum insurance and for drivers with a speeding ticket. Overall, MoneyGeek ranked New Jersey Manufacturers as the best insurance company for affordability and quality customer service.

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The Cheapest and Best Car Insurance in Elizabeth

The Cheapest Car Insurance Companies in Elizabeth

If you’re looking to purchase a full coverage policy, the cheapest auto insurance companies in Elizabeth are the following:

  • GEICO: $1,086 per year
  • New Jersey Manufacturers: $1,447 per year

Mercury is the most expensive provider in the city. Its full coverage policy costs an annual average of $2,259, which is 108% more than a comparative policy with GEICO.

Cheapest Car Insurance in Elizabeth
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    GEICO
    $1,086
  • 2.
    New Jersey Manufacturers
    $1,447
  • 3.
    Allstate
    $1,488
  • 4.
    MetLife
    $1,492
  • 5.
    Progressive
    $1,595
  • 6.
    Amica Mutual
    $1,643
  • 7.
    Travelers
    $1,935
  • 8.
    State Farm
    $2,147
  • 9.
    Esurance
    $2,194
  • 10.
    Mercury
    $2,259

Per our methodology, MoneyGeek determined average costs based on the driving profile of a 40-year-old male driver in Elizabeth with a full coverage policy.

Full coverage includes comprehensive and collision insurance. At a higher premium, full coverage ensures more financial compensation in the event of injury and/or damage to your vehicle.

  • Comprehensive insurance covers damage to your car caused by non-accident incidents, such as theft, vandalism, animal damage and weather-related occurrences.
  • Collision insurance pays for any damage to your car caused by collision-related accidents.

If you want to purchase full coverage, consider your car’s model year. If you own an older vehicle, you may end up paying more for full coverage than the car’s value. In this case, take a look at your liability-only or state minimum insurance options.

Compare Car Insurance Rates in Elizabeth

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in Elizabeth for Minimum Coverage

If you’re looking to save on monthly expenses, state minimum or liability-only insurance is your cheapest option. For state minimum policies, the most affordable auto insurance providers in Elizabeth are:

  • GEICO: $535 per year
  • Allstate: $828 per year

On average, a state minimum insurance policy with GEICO costs $966 less than Mercury, the city’s most expensive insurance provider. Mercury’s state minimum insurance policy costs $1,501 annually.

Minimum coverage is the most affordable option, but it also offers the least protection as it doesn’t include comprehensive and collision insurance.

Using the below table, you can check how your insurance premiums change with higher liability limits.

Cheapest Minimum Liability Car Insurance in Elizabeth
State Minimum

In New Jersey, a state minimum policy is the most affordable option for car insurance, but it offers the least amount of protection. It includes $5,000 property damage liability per accident and $15,000 personal injury protection per person/accident.

MoneyGeek collected car insurance quotes in Elizabeth for New Jersey’s standard minimum coverage policy, which is recommended in comparison to New Jersey’s basic policy. It includes bodily injury liability of $15,000 per person and $30,000 per accident, $5,000 of property damage liability per accident and $15,000 personal injury protection per person.

You may save on monthly expenses by purchasing basic or standard minimum coverage in New Jersey, but will likely pay more out of pocket in an at-fault accident. For example, if you cause $25,000 in bodily injury to another driver, the basic policy pays $0, making you responsible for the full amount. With a standard policy, you pay $10,000 because of the $15,000 policy limit.

New Jersey Minimum Liability Requirements

  • Item
    Description
  • Property Damage
    $5,000 for property damage. A more protective level is 100/300/100.
  • Personal Injury Protection
    $15,000 per person.

Cheapest Car Insurance in Elizabeth if You Have Driving Violations

If you have a poor driving record, your auto insurance premiums are more expensive. For drivers with violations, your cheapest options in Elizabeth are:

  • Cheapest after a ticket: GEICO at $1,086 per year
  • Cheapest after an at-fault accident: New Jersey Manufacturers at $1,447 per year
  • Cheapest after a DUI: New Jersey Manufacturers at $1,736 per year

The best way to get cheaper premiums is to improve your driving record over time. In the meantime, you can shop around and find car insurance companies in Elizabeth that offer the best rates after a driving violation.

Cheapest Car Insurance in Elizabeth With a Violation
Speeding Ticket

Average Cost of Car Insurance in Elizabeth

Elizabeth$1,729
New Jersey$1,674
U.S.$1,424

On average, the annual cost of car insurance in Elizabeth is $1,729, which is higher than the state and national averages. Elizabeth drivers pay 3.3% more for car insurance compared to other drivers in the state. And, they spend 21.4% more than the national average.

Personalized Quotes to Get You the Cheapest Car Insurance in Elizabeth

Aside from your driving history, your auto insurance quotes are determined by other factors like car make and model, age, gender, coverage level and postal code. To find an auto insurance company that best fits your needs, shop around and compare quotes based on company quality and affordability.

Compare Car Insurance Rates in Elizabeth

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Elizabeth

MoneyGeek determined the following to be the best car insurance companies in Elizabeth offering affordability and service quality:

  • New Jersey Manufacturers: MoneyGeek score of 97.5 out of 100
  • GEICO: MoneyGeek score of 92.5 out of 100

MoneyGeek analyzed these companies using several factors, including affordability, financial stability and J.D. Power customer satisfaction ratings.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
New Jersey Manufacturers
Score:97.5

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A+

Financial Stability

3
GEICO
Score:92.5

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
Hartford
Score:87.5

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

5
State Farm
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

6
Travelers
Score:85

2/5

Affordability

5/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

7
Progressive
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

8
Nationwide
Score:77.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Farmers
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

10
CSAA
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

11
Plymouth Rock Assurance
Score:72.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

12
Liberty Mutual
Score:72.5

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

13
Allstate
Score:72.5

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

Average Cost of Car Insurance by Postal Code

Insurance providers usually consider your location to calculate the cost of your premiums. Different areas have varying levels of risk in terms of theft, vandalism, and natural disasters. Fortunately, in the city of Elizabeth, the average cost of insurance is not impacted by a driver’s postal code.

  • Zip Code
    State Minimumper year
  • 07202
    $1,729
  • 07208
    $1,729

Factors That Impact Insurance Costs in Elizabeth

In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Elizabeth. How Elizabeth ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities259th/300
handcuffs2 icon
Most Car Thefts18th/300
uninsured icon
Most Uninsured Motorists by State14th/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall78th/300
umbrella icon
Most Rainy Days67th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Elizabeth are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

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.