bestauto insuranceJersey CityCompare the Cheapest Car Insurance Quotes in Jersey City, NJ
Car insurance in Jersey City costs an average of $1,573 per year, which is cheaper than the state average. The cheapest insurer for the average driver is GEICO, but MoneyGeek also analyzed the cheapest options for several coverage levels and driver histories. MoneyGeek also ranked the top car insurers in Jersey City for those looking to balance costs and service.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 1/6/2023
Edited By |
Stephanie Olsen
Written By |
Mark Fitzpatrick
In Jersey City, GEICO offers the most affordable insurance for full coverage at $896 annually and state minimum policies at $438 per year, both the cheapest in the city. It’s also the insurer with the cheapest policy after a speeding ticket at an average annual premium of $896. GEICO is MoneyGeek’s pick for the best car insurance company in the city, balancing both cost and customer service.
bestauto insuranceJersey CityThe Cheapest and Best Car Insurance in Jersey City
Methodology
MoneyGeek analyzed car insurance companies in Jersey City based on research from J.D. Power, the NAIC and AM Best.
The Cheapest Car Insurance Companies in Jersey City
The most affordable auto insurance providers, on average, for full coverage policies in Jersey City are:
- GEICO: $896 annually
- New Jersey Manufacturers: $1,232 annually
GEICO’s average yearly premium of $896 is 160% less than that charged by Jersey City’s most expensive insurance company, Esurance, at $2,334. A full coverage policy includes comprehensive and collision coverage; however, your quote may vary based on the amount of liability insurance you choose.
Cheapest Car Insurance in Jersey City
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$896
- 2.$1,232
- 3.$1,324
- 4.$1,343
- 5.$1,480
MoneyGeek’s analysis used rates for a 40-year-old male driver carrying a full coverage policy as defined in our methodology.
A comprehensive and collision coverage costs more than a policy with only liability coverage. That’s because full coverage car insurance provides the additional of helping to cover the costs of damage to your car. It’s important to understand the difference between comprehensive and collision coverages:
- Comprehensive insurance: protects you against non-collision–related damage to your car, such as damage sustained in adverse weather events or damage and loss by theft or vandalism
- Collision insurance: covers the cost of damage to your car caused by an accident, either with another vehicle or with a stationary object
Getting full coverage auto insurance for an older car may be more expensive than the car is worth. That means older car owners who wish to save money might opt for state minimum liability-only insurance.
Compare Car Insurance Rates in Jersey City
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Jersey City for Minimum Coverage
The most cost-effective alternative to full car insurance is state minimum liability-only insurance. In Jersey City, the insurance companies with the most competitive rates on average are:
- GEICO: $438 per year
- New Jersey Manufacturers: $687 per year
GEICO’s policy is $904 less than Esurance, the latter being $1,342 per year. Minimum coverage policies have the cheapest rates but also the lowest coverage limits, and they don't include collision and comprehensive insurance. In other words, with state minimum liability-only car insurance, you risk not being fully covered.
See how your insurance premiums can change with higher liability limits using the table below.
Cheapest Minimum Liability Car Insurance in Jersey City
State Minimum
- CompanyState Minimumper year
- 1.$438
- 2.$687
- 3.$772
- 4.$826
- 5.$840
New Jersey state minimum coverage is 15/30/5, which all drivers must have. Although this is the least expensive type of insurance in Jersey City, it gives the least protection. That means if you're in an accident, you may be responsible for paying a large amount out of pocket.
For instance, if you’re found at fault in an accident and the other driver's medical bills total $60,000, you’ll only be covered for $15,000. You’ll have to pay the balance of $45,000 yourself.
New Jersey Minimum Liability Requirements
- ItemDescription
- 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 Jersey City if You Have Driving Violations
Traffic violations like DUIs and speeding tickets can increase the cost of your car insurance premiums, as can at-fault accidents. The cheapest car insurance in Jersey City on average for specific violations are:
- Cheapest after a ticket: GEICO, $896 annually
- Cheapest after an at-fault accident: GEICO, $1,230 annually
- Cheapest after a DUI: New Jersey Manufacturers, $1,464 annually
If you have a prior record of traffic violations, your best course of action is to improve your driving history over time. Because it may take a while to reduce your premiums, you should also compare insurance quotes to see which insurers in Jersey City offer the cheapest car insurance for drivers with bad records.
Cheapest Car Insurance in Jersey City With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$896
- 2.$1,464
- 3.$1,721
- 4.$1,779
- 5.$1,850
Average Cost of Car Insurance in Jersey City
Jersey City$1,573
New Jersey$1,674
U.S.$1,424
In Jersey City, the average cost of car insurance is $1,573 per year, which is lower than the state average but higher than the national rate. Generally, drivers living in Jersey City will pay about 6% less than New Jersey’s average of $1,674 per year. On the other hand, drivers who live in Jersey City will pay about 10.4% more than the $1,424 average premium in the United States per year.
Personalized Quotes to Get You the Cheapest Car Insurance in Jersey City
Location isn’t the only factor taken into account when computing your car insurance quotes in Jersey City. Other factors like age, driving record, coverage level and make and model of your vehicle are crucial aspects as well. In Jersey City, for example, Allstate coverage for an 18-year-old male driver costs $4,340 annually on average, which is nearly three times more costly than similar coverage for a 40-year-old male driver.
In order to offer you the best possible car insurance rates in Jersey City, insurers consider individual factors that can affect the risks associated with you as a driver. As your circumstances change over time, you need to regularly request personalized quotes from several companies, since you may be eligible for discounts and promotions.
Compare Car Insurance Rates in Jersey City
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Jersey City
MoneyGeek ranked the best car insurance companies in Jersey City according to average quotes, user satisfaction scores and claims ratings. As a result, MoneyGeek’s top picks are:
- GEICO: MoneyGeek score of 97 out of 100
- New Jersey Manufacturers: MoneyGeek score of 92 out of 100
The lowest-rated insurers in Jersey City are Esurance and Mercury. Out of 100, their MoneyGeek scores are 25 and 39, respectively.
1
GEICO
Score:97
GEICO received a perfect score in affordability and high ratings in customer satisfaction and claims. The insurer offers optional mechanical breakdown insurance (MBI), which few insurance companies have available. In Jersey City, an average GEICO full coverage policy costs $896 per year.
More About GEICO
GEICO has a unique add-on called MBI coverage that you can add to your policy. MBI protects all your vehicle’s parts and systems, covering you at a more competitive rate than most dealer extended warranties.
With GEICO, you can also opt for extra coverages like accident forgiveness and roadside assistance. Adding accident forgiveness means your premiums won’t increase after your first at-fault accident, whereas roadside assistance can help you pay for lockout services, towing or delivery of gas.
Read MoneyGeek's GEICO auto Insurance Review2
New Jersey Manufacturers
Score:92
New Jersey Manufacturers got perfect scores in both satisfaction and claims. Although the insurer does not offer any unique coverages, it does have common add-ons you may wish to consider like gap insurance. An average annual policy with New Jersey Manufacturers costs $1,232.
More About New Jersey Manufacturers
Gap insurance can be useful if your car is damaged in a covered loss, and the cost to repair it exceeds your policy limit. The insurer will pay for that difference. New Jersey Manufacturers also offers rideshare insurance and rental car reimbursement. The former covers drivers that work for ridesharing companies, whereas the latter pays for the cost of a rental vehicle if your car isn’t drivable due to a covered loss.
Read MoneyGeek's New Jersey Manufacturers auto Insurance Review3
Progressive
Score:69
4
Allstate
Score:63
5
Travelers
Score:51
6
Amica Mutual
Score:46
7
MetLife
Score:45
8
State Farm
Score:42
9
Mercury
Score:40
10
Esurance
Score:25
Average Cost of Car Insurance by Postal Code
In Jersey City, the average annual cost of car insurance barely varies at all based on your ZIP code. Drivers living in ZIP code 07307 will pay just $9 more for their auto insurance coverage than drivers who live in ZIP code 07305.
- Zip CodeState Minimumper year
- 07305$1,567
- 07306$1,576
- 07307$1,576
Factors That Impact Insurance Costs in Jersey City
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 Jersey City. How Jersey City ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
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