Cheapest and Best Car Insurance in Newark, NJ (July 2024)

In Newark, Plymouth Rock Assurance offers the cheapest full coverage and minimum coverage. However, for families with teens, GEICO is leading in affordability. If customer service is your aim, Amica Mutual excels, coinciding as the best overall for balancing cost and service — ideal if you value both price and top-tier service equally. Your final pick should be guided by your coverage requirements and personal preferences.

MoneyGeek found that Plymouth Rock Assurance is the best bet for drivers in Newark looking for the cheapest car insurance. When it comes to minimum coverage offerings, the most affordable annual premiums in the city are:

• Plymouth Rock Assurance: $598 per year
• GEICO: $690 per year

Hanover has the most expensive minimum coverage policy in Newark, costing $2,689 annually. This difference of $2,091 from the cheapest option underlines the importance of comparing prices.

In New Jersey, including Newark, it's state law that prescribes your car insurance essentials. Here's your minimum coverage checklist:

• $25,000 bodily injury per person
  
• $50,000 bodily injury per accident
  
• $25,000 property damage liability per accident
  
• $15,000 personal injury protection (PIP) per person
  

Take this scenario: if you're covered with the basic policy and get into an accident, your insurer would foot up to $25,000 for an individual's injuries and cap it at $50,000 for everyone who is injured. Above $50,000, you have to pay.

MoneyGeek found that Plymouth Rock Assurance is the cheapest option for drivers in Newark looking for the cheapest full coverage car insurance. When it comes to affordability, here are the two top choices:

• Plymouth Rock Assurance: $1,156 per year
• NJM: $1,458 per year

Hanover offers the most expensive full coverage policy in Newark, with an annual cost of $5,508, showcasing a significant difference of $4,352 from the cheapest.

A full coverage policy includes $100,000 bodily injury liability for each individual, $300,000 for injuries per accident, and $100,000 for property damage liability per incident. Put simply, this upgraded plan is what's commonly referred to as a 100/300/100 policy.

This type of full coverage offers more than just boosted liability limits. It incorporates both comprehensive and collision insurance for a fully rounded protective package.

• Collision Insurance: This ensures your vehicle is covered for repair costs in the event of a collision, whether it involves a car or another object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: With this, you're covered for a range of non-collision damages that your car might sustain, like theft, vandalism, or the impacts of severe weather, natural disasters and being struck by an animal like a deer.

For drivers with a new vehicle, opting for full coverage insurance is a wise move to protect your significant investment. If your car is old, it may not be worth having the additional premium costs. Figuring out how much car insurance you need involves weighing the increased cost of more expansive coverage against the potential risk of being underinsured.

MoneyGeek found that Plymouth Rock Assurance is the most affordable option in Newark for drivers seeking full coverage after most traffic infractions. Suitable for those looking for the cheapest company for drivers with a poor driving record, the following providers offer the lowest annual premiums:

• Speeding Ticket: Plymouth Rock Assurance ($1,318 per year)
• At-fault accident: NJM ($1,501 per year)
• DUI: Plymouth Rock Assurance ($1,318 per year)

State Farm, Foremost and Hanover have some of the highest premiums for those with driving infractions in Newark.

Insurance premiums in Newark likely increase with the severity of driving infractions, reflecting the higher risk insurers take on with more serious offenses. For instance, drivers in Newark with a speeding ticket pay an average of $4,111 annually, whereas those with a DUI offense can see their premiums soar to an average of $6,940.

MoneyGeek found that GEICO offers the most affordable full coverage car insurance for male and female teens in Newark. Below are the top two providers which offer the cheapest car insurance for teensin Newark:

• GEICO: $3,012 per year for female teens and $3,239 per year for male teens
• Travelers: $3,743 per year for female teens and $4,121 per year for male teens

These rates represent the combined coverage for two parents and a teen driver. The most expensive policy for including a teen in Newark comes from Foremost, at $7,945 for females and $8,841 for males annually.

In Newark and comparable cities, the average individual annual premium for a teen is about $9,576, notably higher than the $5,656 average for those who join a family plan. This difference is due to insurers calculating risk; younger drivers are considered high-risk due to inexperience, possibly leading to more claims.

MoneyGeek found that Plymouth Rock Assurance is the cheapest option in Newark for those looking for the cheapest car insurance for military backgrounds. This company offers the most affordable full coverage car insurance for military service members and veterans, ensuring extensive protection at the lowest cost.

• Plymouth Rock Assurance: $1,156 per year
• NJM: $1,458 per year

Although USAA is not listed in the dataset, it is known to offer competitive rates and exceptional service, specifically tailored to the needs of active-duty military members and veterans.

If you are in Newark, you can use MoneyGeek's car insurance calculator, which swiftly generates rate estimates. Input criteria like age, driving history, credit score and desired coverage level to receive tailored pricing.

Selecting the best auto insurance comes down to individual preferences, such as the importance of service quality versus cost, coverage requirements and other specific needs. MoneyGeek's research, utilizing distinct scoring metrics for each category, identifies Newark's providers tailored to varied user priorities:

• Best overall: Amica Mutual (MoneyGeek score 88 out of 100)
• Best for service: Amica Mutual (MoneyGeek score 97 out of 100)
• Best cheap: Plymouth Rock Assurance (MoneyGeek score 88 out of 100)

Amica Mutual stands out as Newark’s premier provider of insurance with comprehensive value and exceptional service. Plymouth Rock Assurance is ideal for budget-conscious consumers who still expect competent service.

MoneyGeek found that Amica Mutual is the preeminent choice for the best car insurance in Newark.

• Amica Mutual: MoneyGeek score of 88 out of 100 ($3,181 per year)
• Plymouth Rock Assurance: MoneyGeek score of 86 out of 100 ($1,156 per year)

Amica Mutual distinguishes itself with a balance of high customer satisfaction and superior claims handling, which are reflected in its MoneyGeek score.

MoneyGeek found that Amica Mutual is the best option in Newark for top-notch car insurance customer service. This ranking is based on general satisfaction, skillful claims handling and a robust selection of coverages, entirely irrespective of premium rates.

• Amica Mutual: MoneyGeek score of 97 out of 100 ($3,181 per year)
• Plymouth Rock Assurance: MoneyGeek score of 82 out of 100 ($1,156 per year)

Amica Mutual stands out significantly with the highest MoneyGeek score, which reflects its customer satisfaction and claims processing.

MoneyGeek found that Plymouth Rock Assurance offers the best cheap car insurance in Newark for those seeking affordability without compromising on claims handling and satisfaction.

• Plymouth Rock Assurance: MoneyGeek score of 88 out of 100 ($598 per year)
• NJM: MoneyGeek score of 81 out of 100 ($946 per year)

Plymouth Rock Assurance excels with competitive pricing and solid customer experience, earning it the highest MoneyGeek score in Newark for a minimum coverage policy.

In Newark, New Jersey, the average cost of car insurance amounts to $2,677. This figure is higher than the overall New Jersey state average, which stands at $2,355. When compared to the national average, the state of New Jersey's car insurance rates are also above the norm, costing an average of $573 more than the national average price of $1,781.

Car insurance premiums are influenced by multiple factors, with location being a key element. Insurers consider location crucial due to variables such as accident frequency, car theft rates and population density. Within New Jersey, MoneyGeek's analysis reveals Newark as the city with the most expensive car insurance premium, whereas Jersey City offers the cheapest option at $2,307.