When shopping around for cheap car insurance in Newark, you will have to consider different factors. Differences in state laws on minimum coverage requirements, city accident rates, claims statistics and individualized factors affect the cost of annual premiums. To find the best auto insurance rates in Newark, you will need to get personalized quotes based on your location and individual circumstances.
Compare the Cheapest Car Insurance Quotes in Newark, NJ
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Average Cost of Car Insurance in Newark
Newark$1,775
New Jersey$1,674
U.S.$1,424
The average car insurance rate in Newark is $1,775 per year. In comparison, this rate is much higher than the national average annual premium, and slightly higher than the New Jersey average as well. Newark drivers pay 6% more than the state average and 24.6% more than the typical annual premium in the United States.
Compare Car Insurance Rates in Newark
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The Best Cheap Car Insurance Companies in Newark
Among the car insurance companies in Newark, GEICO is the most affordable carrier with an average annual premium of $1,174, a rate that’s about $601 cheaper than the citywide average. In terms of affordability in Newark, GEICO is followed by MetLife, New Jersey Manufacturers, Allstate and Progressive. The most expensive among Newark insurance providers is Mercury, with rates that are more than twice as expensive as those offered by GEICO.
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- CompanyAmountper year
- 1. GEICO$1,174
- 2. MetLife$1,484
- 3. New Jersey Manufacturers$1,492
- 4. Allstate$1,499
- 5. Progressive$1,666
Personalized Quotes to Get You the Cheapest Car Insurance in Newark
Various factors dictate the average car insurance rates in Newark. Insurance carriers will evaluate individualized factors, such as your ZIP code, age, gender, driving history and marital status. Young drivers often pay high premiums. For example, an 18-year-old male GEICO policyholder in Newark will pay an average of $2,542 annually.
On the other hand, a 40-year-old male with a similar policy will only pay an average of $1,174 per year. It is important to regularly compare personalized quotes that match your circumstances to find the best rate. Doing so can also help you find out if you qualify for discounts and rebates.
Compare Car Insurance Rates in Newark
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Newark by Coverage Amount
How much car insurance coverage you purchase in Newark also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.
Visit these guides to learn more:
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.
If you are only thinking of getting state minimum liability coverage, the cheapest policy in Newark is from GEICO at an average of $560. If you want to add optional coverages, you can choose between a 50/100/50 liability-only and full-coverage policy. Progressive offers the smallest difference in costs between the two levels — a 50/100/50 liability-only policy from Progressive is $1,171 per year on average while adding around $333 can get you a 50/100/50 full-coverage plan.
If you want comprehensive protection that covers even more injuries and vehicle damages, you can opt for 100/300/100 full coverage. GEICO offers the cheapest average premium for this level at $1,174, which is about $104 more expensive than its 50/100/50 full-coverage policies.
Average Car Insurance Premiums by Coverage Type
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1. GEICO$560$725
- 2. New Jersey Manufacturers$851$985
- 3. Allstate$830$1,011
- 4. MetLife$1,067$1,117
- 5. Amica Mutual$913$1,069
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1. GEICO$1,070$1,174
- 2. New Jersey Manufacturers$1,334$1,492
- 3. Allstate$1,400$1,499
- 4. MetLife$1,520$1,484
- 5. Amica Mutual$1,580$1,679
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Cheapest Car Insurance in Newark if You Have Tickets
Having a good driving record will allow you to enjoy cheap car insurance in Newark. A person with a DUI can pay nearly four times the premium of a driver with no violations. For example, a State Farm policyholder with a clean record pays an average of $2,155. If you have speeding tickets, you will be paying an average of $1,470 more for a total of $3,625. If your moving violation is a DUI, you could pay $8,098 for your average annual premium with State Farm.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1. GEICO$1,174$1,643$2,364
- 2. New Jersey Manufacturers$1,797$1,492$1,797
- 3. Allstate$1,803$2,437$2,110
- 4. Progressive$2,148$2,868$1,923
- 5. Amica Mutual$2,023$2,253$5,064
Average Cost of Car Insurance by Postal Code
Average car insurance rates in Newark hardly vary at all depending on your ZIP code. The average annual premium in terms of ZIP code ranges from $1,754 to $1,785. Drivers living in 07105 pay the cheapest premiums, while those who are from ZIP codes 07104 and 07107 pay around $31 more.
- Zip CodeState Minimumper year
- 07105$1,754
- 07104$1,785
- 07107$1,785
Insurance Providers That Serve Newark
Factors That Impact Insurance Costs in Newark
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 Newark. How Newark ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Shopping around for car insurance in Newark could save you $601, which is enough to buy:
200Cups of Coffee
46Months of Your Favorite Streaming Service
Methodology and Assumptions
MoneyGeek’s average premium rates for Newark 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.
Compare Car Insurance Rates in Newark
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
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