Cheapest and Best Car Insurance Companies in Paterson, NJ

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.