Compare the Cheapest Car Insurance Quotes in Paterson

Car insurance in Paterson averages $1,770 a year, 5.7% more than the New Jersey average. GEICO has the most affordable car insurance in Paterson at roughly $1,124 per year. MoneyGeek discovered the lowest-priced auto insurance by coverage and driver profile to help you. We also found the best companies for drivers who value service quality and affordability.

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Last Updated: 5/16/2022
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GEICO offers Paterson drivers the cheapest auto insurance, but your coverage needs and profile could influence the best choice for you. GEICO is the cheapest for standard state minimum coverage or with a speeding ticket, and USAA is a good choice for military families. MoneyGeek ranked New Jersey Manufacturers as Paterson's best car insurance company for affordability alongside service quality.

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The Cheapest and Best Car Insurance in Paterson

The Cheapest Car Insurance Companies in Paterson

On average, the companies in Paterson offering the cheapest full coverage auto insurance are:

  • GEICO: $1,124 per year
  • Allstate: $1,450 per year

The priciest full coverage car insurance in Paterson is through Mercury, costing around 112.7% more than GEICO, the least expensive policy choice.

Comprehensive and collision insurance are both included in a full coverage policy. The rate you pay will vary based on how much liability insurance you choose.

Cheapest Car Insurance in Paterson
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    GEICO
    $1,124
  • 2.
    Allstate
    $1,450
  • 3.
    MetLife
    $1,484
  • 4.
    New Jersey Manufacturers
    $1,504
  • 5.
    Progressive
    $1,655
  • 6.
    Amica Mutual
    $1,681
  • 7.
    Travelers
    $1,953
  • 8.
    State Farm
    $2,103
  • 9.
    Esurance
    $2,356
  • 10.
    Mercury
    $2,391

Per our methodology, MoneyGeek found the average rates for a 40-year-old male driver in Paterson with full coverage.

Full coverage refers to having liability, comprehensive and collision insurance. You pay more for it than minimum coverage because comprehensive and collision cover damage to your vehicle, a valuable amount of protection.

  • Comprehensive insurance: handles repairs of car damage in a non-collision incident such as vandalism, weather events or other occurrences, or replacement if stolen
  • Collision insurance: in an at-fault collision with a car or stationary object, it pays for repairs or vehicle replacement

An older car may have a value that is less than the cost of full coverage. In that case, the best alternatives for the most affordable insurance are liability-only or state minimum coverage.

Compare Car Insurance Rates in Paterson

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in Paterson for Minimum Coverage

On average, the following companies offer Paterson's cheapest standard minimum coverage car insurance policy:

  • GEICO: $568 per year
  • Allstate: $812 per year

Mercury has the most expensive standard state minimum coverage policy in Paterson. It costs around $1,030 more than GEICO, the least expensive choice.

You will save money with minimum coverage, but since the policy does not include comprehensive and collision insurance and has low liability coverage levels, you do not have much protection. The table below demonstrates how insurance rates change with more liability coverage.

Cheapest Minimum Liability Car Insurance in Paterson
State Minimum

The cheapest Paterson auto insurance option is New Jersey’s basic state minimum coverage, but it provides almost no protection. It includes $5,000 property damage liability per accident and $15,000 personal injury protection per person/accident.

MoneyGeek collected car insurance quotes in Paterson for New Jersey’s standard minimum coverage policy — the better option because it includes bodily injury liability of $15,000 per person and $30,000 per accident, $5,000 of property damage liability per accident and $15,000 personal injury protection per person.

You may save money on auto insurance by selecting basic or standard minimum coverage in New Jersey, but could pay in an at-fault accident. For example, if you cause $25,000 in bodily injury to another driver, the basic policy pays nothing, making you responsible for $25,000. With a standard policy, you pay $10,000 because of the $15,000 policy limit.

New Jersey Minimum Liability Requirements

  • Item
    Description
  • 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 Paterson if You Have Driving Violations

Driving record heavily influences the cost of auto insurance in Paterson; rates may go up after you get a DUI, speeding ticket or experience an at-fault accident.

To get the most affordable insurance with a driving violation, MoneyGeek found the following companies, on average, are best:

  • Cheapest after a ticket: GEICO, $1,124 per year
  • Cheapest after an at-fault accident: New Jersey Manufacturers, $1,504 per year
  • Cheapest after a DUI: New Jersey Manufacturers, $1,810 per year

Paterson drivers with a poor driving history may compare quotes from multiple insurance companies to see which offers the best deal with a violation as they make efforts to improve their records.

Cheapest Car Insurance in Paterson With a Violation
Speeding Ticket

Average Cost of Car Insurance in Paterson

Paterson$1,770
New Jersey$1,674
U.S.$1,424

Drivers pay an average car insurance cost of around $1,770 per year in Paterson. It’s 5.7% more than the New Jersey average and 24.3% higher than the national average.

Personalized Quotes to Get You the Cheapest Car Insurance in Paterson

ZIP code, age, gender, car type, level of coverage and other factors affect Paterson car insurance rates.

For drivers looking for affordable car insurance, the recommended approach is to compare car insurance quotes in Paterson from at least three insurance companies before making a decision. That will ultimately help you get the best possible deal.

Compare Car Insurance Rates in Paterson

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Paterson

MoneyGeek reviewed Paterson car insurance companies to identify those that provide quality service and affordable policy rates.

Per MoneyGeek’s scoring system, the best insurance companies in Paterson are:

  • New Jersey Manufacturers: MoneyGeek score of 98 out of 100
  • GEICO: MoneyGeek score of 93 out of 100

MoneyGeek considered each car insurance provider’s affordability, financial stability and J.D. Power customer satisfaction scores to arrive at the top-rated choices.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
New Jersey Manufacturers
Score:97.5

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A+

Financial Stability

3
GEICO
Score:92.5

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
Hartford
Score:87.5

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

5
State Farm
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

6
Travelers
Score:85

2/5

Affordability

5/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

7
Progressive
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

8
Nationwide
Score:77.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Farmers
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

10
CSAA
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

11
Plymouth Rock Assurance
Score:72.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

12
Liberty Mutual
Score:72.5

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

13
Allstate
Score:72.5

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

Average Cost of Car Insurance by Postal Code

If you live in a New Jersey ZIP code with a high rate of car accidents, theft or other risks, it can impact your auto insurance premium.

But, in Paterson, there is no difference in cost by ZIP code. For example, drivers in ZIP code 7501 pay the same as drivers in 7522, around $1,770 per year. So, residents of Paterson can expect the same rate regardless of their ZIP code, although other factors will influence how cheap your insurance is in New Jersey.

  • Zip Code
    State Minimumper year
  • 07501
    $1,770
  • 07522
    $1,770

Factors That Impact Insurance Costs in Paterson

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 Paterson. How Paterson ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities244th/300
handcuffs2 icon
Most Car Thefts18th/300
uninsured icon
Most Uninsured Motorists by State14th/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall78th/300
umbrella icon
Most Rainy Days67th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Paterson 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.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.