Cheapest and Best Car Insurance Companies in Paterson, NJ


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ByMark Fitzpatrick
Edited byMargarita Barresi
ByMark Fitzpatrick
Edited byMargarita Barresi

Updated: May 20, 2024

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Your driver profile and needs will determine which car insurance company is the cheapest for you. Amica Mutual is the cheapest company for minimum coverage. Plymouth Rock Assurance offers the most affordable full coverage and the cheapest rates for drivers in the military and those with speeding and DUI offenses. NJM is the cheapest option if you have an accident violation, while GEICO offers the lowest rates for teen drivers.

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2024

Cheapest and Best Car Insurance in Paterson, NJ

Why Trust MoneyGeek? Paterson car insurance rates and data in this analysis were obtained from Quadrant Information Services and the New Jersey Department of Insurance. Moneygeek also gathered data on financial stability, affordability and customer service and claims ratings.

25,584Quotes Analyzed
 
12Companies Compared

Cheapest Minimum Liability Car Insurance in Paterson

The cheapest car insurance companies for minimum coverage in Paterson are:

  • Amica Mutual: $488 per year
  • Plymouth Rock Assurance: $582 per year

Hanover is the most expensive option for minimum coverage at $2,588 per year. Although it’s the cheapest option in Paterson, Amica Mutual’s average New Jersey rates are significantly higher at $801 per year, so location can be an important factor in cost. GEICO offers the cheapest car insurance in New Jersey at $478 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Amica MutualAnnual Premium$488Monthly Premium$41
Plymouth Rock AssuranceAnnual Premium$582Monthly Premium$49
GEICOAnnual Premium$618Monthly Premium$52
NJMAnnual Premium$771Monthly Premium$64
ProgressiveAnnual Premium$871Monthly Premium$73
AllstateAnnual Premium$891Monthly Premium$74
TravelersAnnual Premium$1,142Monthly Premium$95
State FarmAnnual Premium$1,283Monthly Premium$107

New Jersey law requires minimum coverage with damage liability and personal injury protection with the following limits:

  • $5,000 property damage liability per accident
  • $15,000 personal injury protection

With this type of policy, your insurer will only cover the cost of damages to a third party’s property to a maximum of $10,000. The insurer will also pay up to $15,000 for injuries sustained by you or others in an accident.

Basic minimum coverage policies in New Jersey do not include bodily injury liability coverage, but you can purchase it separately.

Cheapest Full Coverage Car Insurance in Paterson

The cheapest companies in Paterson for full coverage car insurance are:

  • Plymouth Rock Assurance: $1,069 per year
  • Amica Mutual: $1,287 per year

Hanover is the least affordable company for full coverage at $5,257 per year.

NJM offers the cheapest full coverage car insurance in New Jersey at $911 per year. Plymouth Rock Assurance is the second cheapest at $933 per year. Average rates in New Jersey are more affordable than rates in Paterson, so the location can be an important factor in car insurance costs.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Plymouth Rock AssuranceAnnual Premium$1,069Monthly Premium$89
Amica MutualAnnual Premium$1,287Monthly Premium$107
NJMAnnual Premium$1,292Monthly Premium$108
GEICOAnnual Premium$1,347Monthly Premium$112
ProgressiveAnnual Premium$1,473Monthly Premium$123
AllstateAnnual Premium$1,601Monthly Premium$133
TravelersAnnual Premium$1,834Monthly Premium$153
State FarmAnnual Premium$1,974Monthly Premium$165

Full coverage policies include comprehensive and collision insurance and offer added protection.

  • Collision Insurance: Covers damage to your car from on-road incidents like a collision with another vehicle or object.
  • Comprehensive Insurance: Covers damage to your vehicle from non-collision incidents like theft, vandalism or extreme weather.

If you have an older car, a full coverage policy may not be worth the cost since you may end up paying more in premiums than the actual value of your vehicle.

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Cheapest Car Insurance in Paterson After a Driving Offense

The cheapest companies for car insurance in Paterson if you have a driving violation are:

  • Speeding ticket: Plymouth Rock Assurance ($1,237 per year)
  • At-fault accident: NJM ($1,292 per year)
  • DUI: Plymouth Rock Assurance ($1,237 per year)

The most expensive companies for violations are Hanover at $5,257 after a speeding ticket and $8,346 after a DUI, and Foremost at $8,044 per year after an at-fault accident.

A poor driving record will significantly impact your rates, and even the cheapest rates will still be more expensive than those for drivers with clean records.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
Plymouth Rock AssuranceAnnual Premium$1,237Monthly Premium$103
GEICOAnnual Premium$1,347Monthly Premium$112
NJMAnnual Premium$1,485Monthly Premium$124
Amica MutualAnnual Premium$1,548Monthly Premium$129
ProgressiveAnnual Premium$1,897Monthly Premium$158
AllstateAnnual Premium$1,939Monthly Premium$162
State FarmAnnual Premium$1,974Monthly Premium$165
MercuryAnnual Premium$2,340Monthly Premium$195

If you are looking for the cheapest car insurance with a bad driving record, keep in mind that rates tend to increase depending on the severity of the offense. For instance, in Paterson, if you have a speeding ticket, you will pay $268 more for car insurance than someone with a clean record, but if you have a DUI, you will pay up to $1,762 more.

Cheapest Car Insurance in Paterson for Teens and Their Families

The cheapest insurance companies in Paterson for teen drivers on a family policy are:

  • GEICO: $2,928 per year for female teens and $3,149 per year for male teens
  • Travelers: $3,717 for female teens and $4,092 per year for male teens

Foremost is the most expensive company for teens at $7,859 per year for female teens and $8,746 for male teens.

GEICO, the cheapest provider, charges $221 more for male teens than female teens because male teens are considered riskier to insure. The gender-based cost difference typically drops off in early adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
GEICOFamily Plan Annual Premium$2,928Individual Plan Monthly Premium$7,194
TravelersFamily Plan Annual Premium$3,717Individual Plan Monthly Premium$12,862
State FarmFamily Plan Annual Premium$4,499Individual Plan Monthly Premium$15,625
ProgressiveFamily Plan Annual Premium$4,620Individual Plan Monthly Premium$23,360
AllstateFamily Plan Annual Premium$4,824Individual Plan Monthly Premium$10,841
ForemostFamily Plan Annual Premium$7,859Individual Plan Monthly Premium$23,915

A family policy is the best option if you are looking for the cheapest car insurance for teens. Teens pay significantly more to purchase an individual policy. In Paterson, an individual teen car insurance policy costs an average of $6,599 per year, at least $2,854 more than adding a teen to an existing family policy.

Cheapest Car Insurance in Paterson for Military Drivers

The cheapest car insurance companies in Paterson for drivers with a military background are:

  • Plymouth Rock Assurance: $1,069 per year
  • Amica Mutual: $1,287 per year

USAA is also a good option for cheap military car insurance since its services cater to those with a military background.

Amica Mutual and Plymouth Rock Assurance are the cheapest options for minimum coverage at $488 per year and $582 per year, respectively.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Plymouth Rock AssuranceAnnual Premium$1,069Monthly Premium$89
Amica MutualAnnual Premium$1,287Monthly Premium$107
NJMAnnual Premium$1,292Monthly Premium$108
GEICOAnnual Premium$1,347Monthly Premium$112
ProgressiveAnnual Premium$1,473Monthly Premium$123
AllstateAnnual Premium$1,601Monthly Premium$133
TravelersAnnual Premium$1,834Monthly Premium$153
State FarmAnnual Premium$1,974Monthly Premium$165

How to Compare Cheap Paterson Car Insurance Quotes Online

Car insurance quotes in Paterson are available online, but you will need to provide a lot of personal information, and the process can take 15 minutes or more. You can use Moneygeek’s car insurance calculator to get a quick estimate based on just your age, driving background, coverage level and type of car.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 13, 2024

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Best Car Insurance in Paterson: Summary

The best car insurance provider for you will depend on how you prioritize factors like cost and service coverage.

The best car insurance companies in Paterson, NJ, are:

  • Best overall: Amica Mutual (MoneyGeek score 84 out of 100)
  • Best for service: Amica Mutual (MoneyGeek score 71 out of 100)
  • Best cheap: Amica Mutual (MoneyGeek score 87 out of 100)

A company’s overall Moneygeek score may vary based on how factors are weighted in each category.

Amica Mutual also offers the best car insurance in New Jersey overall, with a Moneygeek score of 85 out of 100.

Best Overall Car Insurance in Paterson

The best car insurance companies in Paterson are:

  • Amica Mutual: MoneyGeek score 84 out of 100 ($1,287 per year)
  • NJM: MoneyGeek score 80 out of 100 ($1,292 per year)

Amica Mutual ranked first for claims experience and second for affordability out of the 12 insurers analyzed. Policyholders enjoy a good balance of coverage at affordable rates and excellent service.

How was this MoneyGeek score calculated?

Amica Mutual

pros

checkmark

Ranked first for claims experience

checkmark

Ranked second for affordability

checkmark

Offers identity theft coverage

cons

close

No deductible modification coverage

COMPANY HIGHLIGHTS

Amica has a stellar track record in claims and customer service. It is also the second cheapest company for full coverage in Paterson.

Amica offers various add-ons, including glass deductible modification. This coverage pays for windshield or window damage without requiring a deductible payment. You can also opt for identity theft coverage, which will pay you for damages incurred if your identity is stolen and used fraudulently.

If you are leasing or financing your car, you can opt for gap insurance to cover the difference between what you owe on the car and the car’s actual value if the vehicle gets totaled. Drivers with new cars can get new car replacement coverage to ensure that they will receive a new car of the same make and model in case of a total loss.

Read MoneyGeek's Amica Mutual Auto Insurance Review

Best Car Insurance in Paterson for Customer Service

MoneyGeek excluded cost when scoring providers for the best customer service in Paterson, and the following companies came out on top:

  • Amica Mutual: MoneyGeek score 71 out of 100 ($1,287 per year)
  • Foremost: MoneyGeek score 67 out of 100 ($3,593 per year)

Amica ranked first for claims and second for customer satisfaction out of the 12 companies in the comparison group. Amica also has the second cheapest rates overall in Paterson, so drivers do not have to pay high premiums to get good service with this insurer.

How was this MoneyGeek score calculated?

Amica Mutual

pros

checkmark

Ranked first for claims experience

checkmark

Ranked second for customer satisfaction

checkmark

Offers glass deductible modification

cons

close

No deductible modification coverage

COMPANY HIGHLIGHTS

If you value good service, Amica Mutual is the best car insurance company in Paterson. Amica ranked first for claims experience and second for customer satisfaction.

The company offers glass deductible modification coverage, eliminating the deductible if your windshield or windows are damaged. Amica will also reimburse you for the fraudulent use of your identity if you opt for their identity theft coverage.

Policyholders can earn or purchase accident forgiveness to keep their premiums from increasing after a claim. You can also opt for gap insurance if you lease or finance your car. Gap insurance pays for the difference between what you still owe on your loan and the car's actual value in case of a total loss.

Read MoneyGeek's Amica Mutual Auto Insurance Review

Best Cheap Car Insurance in Paterson

Based on an analysis of affordability and service quality for policies that only meet the minimum requirements in New Jersey, the best cheap car insurance companies in Paterson are:

  • Amica Mutual: MoneyGeek score 87 out of 100 ($488 per year)
  • NJM: MoneyGeek score 78 out of 100 ($771 per year)

The cheapest minimum coverage policies have the most affordable rates but provide limited liability protection and don’t cover damages to your vehicle.

How was this MoneyGeek score calculated?

Amica Mutual

pros

checkmark

Affordable minimum coverage at $488 per year

checkmark

Bundling, anti-theft system and paperless discounts

checkmark

Ranked first in affordability and claims experience

cons

close

No early signing discount

COMPANY HIGHLIGHTS

Amica Mutual is the best cheap car insurance provider for Paterson drivers on a budget. This insurer ranks first for claims and affordability and second for customer satisfaction, meaning policyholders get great service at the lowest rates.

Amica offers various typical discounts, such as discounts for bundling car insurance with home or life policies, insuring multiple cars and maintaining a clean driving record for at least three years. Students who maintain good grades are also eligible for a discount.

Amica also offers less common discounts. If your car has advanced safety features, like electronic stability control or adaptive headlights, you are eligible for a discount. You may also qualify for a discount if you have an anti-theft system or airbags. Amica also offers loyalty discounts for staying with the company for two or more years.

Read MoneyGeek's Amica Mutual Auto Insurance Review

Average Cost of Car Insurance in Paterson

The average cost of car insurance in Paterson is $2,125 per year for a full coverage policy with $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 in property damage liability.

Compared to the average cost of car insurance in New Jersey, rates in Paterson are $225 higher as of October 2022. Drivers in Paterson also pay up to $635 more for car insurance compared to the average national cost of car insurance. Location is one of many factors that affect car insurance rates.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.