Cheapest Car Insurance in New Jersey (May 2024)


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Updated: June 12, 2024

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GEICO is the cheapest insurance provider for residents of New Jersey. NJM and Plymouth Rock Assurance also offer low rates, depending on the profile and type of driver.

The best auto insurance providers in New Jersey balance cost and customer service quality.

Why Trust MoneyGeek? We evaluated New Jersey car insurance rates based on data and information from the New Jersey Department of Insurance and Quadrant Information Services.

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These rates reflect the cheapest car insurance quotes in New Jersey as of May 2024.

25,584Quotes Analyzed
 
12Companies Compared
 
53ZIP Codes

Cheapest Minimum Liability Car Insurance in New Jersey (May 2024)

The following carriers offer the cheapest average auto insurance premiums, according to the state minimum requirements:

  • GEICO: $478 per year
  • Plymouth Rock Assurance: $484 per year

MoneyGeek’s research revealed that Hanover is the priciest provider in New Jersey, with its minimum coverage policy costing roughly $1,780 per year.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Minimum Coverage
GEICOAnnual Premium$478Monthly Premium$40
Plymouth Rock AssuranceAnnual Premium$484Monthly Premium$40
NJMAnnual Premium$645Monthly Premium$54
AllstateAnnual Premium$916Monthly Premium$76
TravelersAnnual Premium$936Monthly Premium$78
MercuryAnnual Premium$962Monthly Premium$80
New Jersey Skylands InsuranceAnnual Premium$1,058Monthly Premium$88
State FarmAnnual Premium$1,139Monthly Premium$95

With minimum coverage, you are protected against damages or injuries you inflict on others. Damage to your own vehicle, however, isn’t included. Full coverage, which includes comprehensive and collision coverage, can cover the cost to repair your car.

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Find the Best Car Insurance in New Jersey for You

 

Auto insurance quotes vary based on your preferences and insurance needs. You can use the above table to browse the cheapest auto insurance rates for minimum coverage in New Jersey.

Learn more about how much car insurance you need in New Jersey.

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MoneyGeek pinpoints the best auto insurance providers in New Jersey according to their quality and cost.

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We even evaluated the average cost of auto insurance in New Jersey for drivers who prioritize affordability.

Cheapest Full Coverage Car Insurance in New Jersey (May 2024)

On average, auto insurance companies with the cheapest full coverage rates in New Jersey are the following:

  • Plymouth Rock Assurance: $946 per year
  • NJM: $1,023 per year

Hanover provides the most expensive full coverage in New Jersey at $3,565 each year.

Purchasing comprehensive and collision insurance is typically more expensive. In New Jersey, a full coverage policy from Plymouth Rock Assurance costs $462 more per year than its minimum coverage policy.

Although full coverage is usually the more expensive option, it provides a much more robust level of financial protection compared to a minimum coverage policy. Damages to your vehicle from collisions or flooding are covered with a full coverage policy.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Plymouth Rock AssuranceAnnual Premium$946Monthly Premium$79
NJMAnnual Premium$1,023Monthly Premium$85
GEICOAnnual Premium$1,049Monthly Premium$87
AllstateAnnual Premium$1,532Monthly Premium$128
TravelersAnnual Premium$1,590Monthly Premium$132
MercuryAnnual Premium$1,689Monthly Premium$141
ProgressiveAnnual Premium$1,709Monthly Premium$142
State FarmAnnual Premium$1,735Monthly Premium$145

The amount of car insurance you need significantly affects the cost of your annual premium. MoneyGeek obtained quotes from insurers using a sample full coverage policy with the following liability limits:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident

Drivers in New Jersey who want to reduce their overall cost and select a lower liability limit, drop comprehensive and collision coverage or increase their deductible. Note that these cost-saving practices may be riskier if you find yourself in an accident.

How to Compare Cheap New Jersey Car Insurance Quotes Online

Although many insurance providers have online quote tools, it may take up to 15 minutes to input all the required personal information. When you’re comparing rates for multiple insurers, this process can take time.

MoneyGeek’s auto insurance calculator only requires a few personal details to quickly generate your estimated auto insurance quote. Simply input your driving record, gender and age to receive a personalized quote. Our tool serves as a starting point for New Jersey drivers looking for the cheapest auto insurance rates.

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Cheapest Car Insurance in New Jersey by Age (May 2024)

Age is one of the biggest factors affecting car insurance rates in New Jersey. MoneyGeek found that GEICO, Plymouth Rock Assurance and NJM offer the cheapest options, depending on what age group you and your family belong to.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: GEICO
Cheapest for young adults: Plymouth Rock
Cheapest for seniors: NJM

Cheapest Car Insurance in New Jersey for Teens and Their Families (May 2024)

These auto insurance companies provide the most affordable policies for teens on their family policy:

  • GEICO: $2,059 per year for male teens and $1,919 per year for female teens
  • Travelers: $2,743 per year for male teens and $2,469 per year for female teens

Foremost has the priciest quotes for teens, costing $4,635 per year for a female teen and $5,186 per year for a male teen. Both rates are for a 16-year-old on their parent’s policy.

With teens' car insurance rates decreasing with age, 19-year-old drivers can expect to get the lowest rates. New Jersey's cheapest provider for 19-year-old men is Travelers ($1,877).

Adding a teen to your family’s policy is significantly less expensive than purchasing an individual policy for them, and without parental or a guardian's consent to co-sign, most teens under the age of 18 cannot legally get their own auto policy. Cost-wise, for example, adding your son to your family policy instead of purchasing an individual policy could save an average of $2,854 per year.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
GEICOFamily Plan Annual Premium$1,919Individual Plan Annual Premium$2,264
TravelersFamily Plan Annual Premium$2,469Individual Plan Annual Premium$4,551
State FarmFamily Plan Annual Premium$2,911Individual Plan Annual Premium$3,445
ProgressiveFamily Plan Annual Premium$3,392Individual Plan Annual Premium$10,839
AllstateFamily Plan Annual Premium$3,802Individual Plan Annual Premium$4,372
ForemostFamily Plan Annual Premium$4,635Individual Plan Annual Premium$9,587
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens because teen boys have a higher incidence of at-fault accidents and moving violations than teen girls. This rate difference is not as notable when drivers reach their 20s and beyond. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

To reduce your car insurance rate as a young driver, you can opt for an insurer that offers discounts. Companies like Allstate, Progressive, State Farm and Travelers provide discounts for students who live away from home. These insurers, in addition to GEICO, also offer good student discounts.

Cheapest Car Insurance in New Jersey for Young Adults (May 2024)

Auto insurance companies that provide the cheapest full coverage rates for New Jerseyans in their 20s are:

  • Plymouth Rock Assurance: $1,027 per year
  • GEICO: $1,258 per year

With policies that cost $4,197 annually, Hanover offers the most expensive full coverage policies in the Garden State.

Drivers in their 20s typically pay higher premiums compared with middle-aged drivers due to higher accident frequency and a greater incidence of moving violations. MoneyGeek’s research found that young drivers pay roughly $205 more than middle-aged drivers.

Data filtered by:Results filtered by:
Age Range:
Age Range:22-29
Coverage Level:
Coverage Level:Full Coverage
Plymouth Rock AssuranceAnnual Premium$1,027Monthly Premium$86
GEICOAnnual Premium$1,258Monthly Premium$105
NJMAnnual Premium$1,310Monthly Premium$109
ProgressiveAnnual Premium$1,556Monthly Premium$130
TravelersAnnual Premium$1,703Monthly Premium$142
AllstateAnnual Premium$1,738Monthly Premium$145
MercuryAnnual Premium$1,839Monthly Premium$153
Amica MutualAnnual Premium$1,897Monthly Premium$158

Cheapest Car Insurance in New Jersey for Seniors (May 2024)

Senior drivers in New Jersey may obtain the cheapest full coverage policies from the following insurers:

  • NJM: $897 per year
  • Plymouth Rock Assurance: $941 per year

Hanover offers the most expensive premium to senior drivers aged 60+, costing an average of $3,349 per year.

Senior drivers pay $55 less for a full coverage policy compared with middle-aged drivers. Note that auto insurance premiums tend to be more expensive for drivers in their 70s and 80s.

Data filtered by:Results filtered by:
Age Range:
Age Range:60 +
Coverage Level:
Coverage Level:Full Coverage
NJMAnnual Premium$897Monthly Premium$75
Plymouth Rock AssuranceAnnual Premium$941Monthly Premium$78
GEICOAnnual Premium$1,043Monthly Premium$87
AllstateAnnual Premium$1,502Monthly Premium$125
ProgressiveAnnual Premium$1,630Monthly Premium$136
TravelersAnnual Premium$1,648Monthly Premium$137
MercuryAnnual Premium$1,654Monthly Premium$138
State FarmAnnual Premium$1,688Monthly Premium$141

Senior drivers in New Jersey might be able to obtain a discount with providers like Allstate, GEICO, NJM and Mercury. Weighing different insurer preferences is one way to choose the cheapest provider.

Cheapest Car Insurance for Higher Risk Drivers (May 2024)

In New Jersey, drivers with a DUI on their driving record will get the cheapest insurance from Plymouth Rock Assurance. Drivers with an at-fault accident, as well as people with poor credit, will find the most affordable insurance from NJM.

Sports car owners and drivers with speeding tickets will find GEICO cheapest.

Traffic violations will increase your car insurance rate. However, you can lower your insurance rate over time by taking state-approved courses and driving safely.

CHEAPEST FOR HIGHER RISK DRIVERS

Cheapest after a ticket: GEICO ($1,059 per year)
Cheapest after an accident: NJM ($1,054 per year)
Cheapest after a DUI: Plymouth Rock Assurance ($1,070 per year)
Cheapest for poor credit: NJM ($1,743 per year)
Cheapest for sports cars: GEICO ($1,131 per year)

Cheapest Car Insurance in New Jersey After a Ticket

For drivers in New Jersey with a speeding ticket, the following companies offer the most affordable policies:

  • GEICO: $1,059 per year
  • Plymouth Rock Assurance: $1,070 per year

Hanover offers the highest annual premium at $3,565 per year.

Our research shows that drivers in New Jersey with a speeding ticket will pay an average of $172 more for car insurance than those with a clean driving history.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
GEICOAnnual Premium$1,059Monthly Premium$88
Plymouth Rock AssuranceAnnual Premium$1,070Monthly Premium$89
NJMAnnual Premium$1,204Monthly Premium$100
MercuryAnnual Premium$1,670Monthly Premium$139
ProgressiveAnnual Premium$1,722Monthly Premium$144
State FarmAnnual Premium$1,757Monthly Premium$146
Amica MutualAnnual Premium$1,856Monthly Premium$155
AllstateAnnual Premium$1,884Monthly Premium$157

Cheapest Car Insurance in New Jersey After an Accident

The following auto insurance companies offer the cheapest rates to drivers after an at-fault accident:

  • NJM: $1,054 per year
  • Plymouth Rock Assurance: $1,229 per year

The most expensive provider is Foremost with policies that start at $5,088 per year.

New Jersey auto insurance quotes can be $890 more expensive for drivers with an at-fault accident on their record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
NJMAnnual Premium$1,054Monthly Premium$88
Plymouth Rock AssuranceAnnual Premium$1,229Monthly Premium$102
GEICOAnnual Premium$1,501Monthly Premium$125
Amica MutualAnnual Premium$1,856Monthly Premium$155
New Jersey Skylands InsuranceAnnual Premium$2,312Monthly Premium$193
ProgressiveAnnual Premium$2,399Monthly Premium$200
AllstateAnnual Premium$2,570Monthly Premium$214
TravelersAnnual Premium$2,703Monthly Premium$225

Cheapest Car Insurance in New Jersey After a DUI

Those with a DUI on their record may get the cheapest policies from the following providers:

  • Plymouth Rock Assurance: $1,070 per year
  • NJM: $1,204 per year

State Farm offers the most expensive estimates for drivers with DUI — a policy can cost roughly $6,833 annually.

Drivers in New Jersey with a DUI will pay approximately $1,347 more per year than those with a clean driving record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Plymouth Rock AssuranceAnnual Premium$1,070Monthly Premium$89
NJMAnnual Premium$1,204Monthly Premium$100
ProgressiveAnnual Premium$1,624Monthly Premium$135
GEICOAnnual Premium$2,184Monthly Premium$182
AllstateAnnual Premium$2,227Monthly Premium$186
MercuryAnnual Premium$2,481Monthly Premium$207
TravelersAnnual Premium$2,615Monthly Premium$218
ForemostAnnual Premium$2,917Monthly Premium$243

Cheapest Car Insurance in New Jersey for Drivers With Poor Credit (May 2024)

The cheapest car insurance companies in New Jersey for drivers with poor credit are:

  • NJM: $1,743 per year
  • Plymouth Rock Assurance: $1,999 per year

With Hanover, policyholders with poor credit will pay the most, at approximately $9,553 per year for a full coverage policy.

In New Jersey, drivers with good credit will pay approximately $1,473 less per year for car insurance than those with poor credit.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
NJMAnnual Premium$1,743Monthly Premium$145
Plymouth Rock AssuranceAnnual Premium$1,999Monthly Premium$167
ProgressiveAnnual Premium$2,161Monthly Premium$180
Amica MutualAnnual Premium$2,163Monthly Premium$180
GEICOAnnual Premium$2,499Monthly Premium$208
MercuryAnnual Premium$2,637Monthly Premium$220
New Jersey Skylands InsuranceAnnual Premium$2,746Monthly Premium$229
ForemostAnnual Premium$2,953Monthly Premium$246

Drivers with poor credit tend to pay more expensive rates since they’re more likely to file a claim. Although some states don’t permit insurers to consider a driver’s credit history when assessing rates, New Jersey allows this.

Improving your credit standing is a solid way to secure a cheaper premium. You can also compare insurer’s rates or maximize common discounts to obtain the cheapest policy.

Cheapest Car Insurance in New Jersey for Sports Cars (May 2024)

The cheapest auto insurance companies in New Jersey for sports car drivers are:

  • GEICO: $1,131 per year
  • Progressive: $1,423 per year

Foremost charges the most expensive premiums at around $2,325 per year.

Car insurance for drivers of sports vehicles can be more expensive because repairs and replacement parts tend to cost more. But in New Jersey, it’s $85 less expensive to insure a sports car than a Toyota Camry LE.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
GEICOAnnual Premium$1,131Monthly Premium$94
ProgressiveAnnual Premium$1,423Monthly Premium$119
TravelersAnnual Premium$1,473Monthly Premium$123
AllstateAnnual Premium$1,719Monthly Premium$143
State FarmAnnual Premium$1,881Monthly Premium$157
ForemostAnnual Premium$2,325Monthly Premium$194

Although MoneyGeek used a Ford Mustang as a sample car, the annual premium cost generally varies per car model. Sports, electric and luxury vehicles tend to cost more to insure than other types of cars, but otherwise, your car’s model shouldn’t significantly impact your rates.

Cheapest Car Insurance in New Jersey for Military Drivers (May 2024)

Plymouth Rock Assurance is the cheapest insurance company that offers full coverage for military members and veterans. Its average annual premium costs $946.

USAA is also available to military personnel in New Jersey and across the country. And you may consider getting a policy with GEICO to take advantage of its military discounts.

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MoneyGeek Top Pick
Plymouth Rock Assurance
  • Annual premium: $946
  • Ranked first out of 12 insurance providers in New Jersey

Plymouth Rock Assurance does not offer a military discount, yet it is still the cheapest option for car insurance in the state.

Cheapest Car Insurance in New Jersey by City

The city in which you live in New Jersey, and even your ZIP code, can have a significant impact on the cost of your auto insurance. Those who live in high-risk neighborhoods, such as ones with increased crime rates, tend to pay more for auto insurance.

Jersey City residents with a Plymouth Rock Assurance policy pay an average of $1,203 per year, making it the cheapest city in New Jersey for car insurance. Elizabeth is the second-cheapest city, with an average cost of $1,256 per year for a Plymouth Rock Assurance policy.

ElizabethCheapest CompanyPlymouth Rock AssuranceAnnual Premium$1,256
Jersey CityCheapest CompanyPlymouth Rock AssuranceAnnual Premium$1,203
NewarkCheapest CompanyPlymouth Rock AssuranceAnnual Premium$1,264
PatersonCheapest CompanyPlymouth Rock AssuranceAnnual Premium$1,275

Car Insurance in New Jersey: What You Need to Know

All New Jersey drivers must have the minimum coverage, which includes bodily injury liability, property damage liability, personal injury protection and uninsured/underinsured motorist coverage. Understanding how much coverage you need ensures you’re sufficiently protected.

New Jersey Car Insurance Requirements

New Jersey law requires that all drivers have car insurance, either a basic policy or a standard policy. MoneyGeek’s rates were based on the standard policy requirement for 2024, which included bodily injury liability, property damage liability, personal injury protection and uninsured/underinsured motorist coverage. Although purchasing basic coverage is less expensive, you’ll pay more out of pocket if you get in an accident and be financially at risk from an at-fault accident.

To avoid paying high costs if you get in an accident, you can purchase more liability coverage for added protection.

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    Bodily Injury Liability

    If you’re found at fault in an accident, this will cover any medical expenses for those injured, up to $25,000 per person or $50,000 per accident. The minimum coverage limit increased to $25,000 per person and $50,000 per accident for policies issued or renewed on or after May 1, 2023.

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    Property Damage Liability

    This covers the cost of repairs to another car or property if you’re at fault in an accident with minimum coverage. Since the state's limit is $25,000, drivers who exceed this amount must pay out of pocket. The state’s limit increased to $25,000 in May 2023.

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    Personal Injury Protection

    New Jersey mandates drivers to purchase personal injury protection (PIP), which covers medical, loss of income or funeral costs after a car accident. Regardless of who caused the accident, policyholders are covered up to $15,000. This coverage limit remains the same in 2023.

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    Uninsured/Underinsured Motorist Coverage

    This mandatory coverage in New Jersey will pay for your medical expenses if you get into an accident with an uninsured or underinsured driver or experience a hit and run. The coverage limit increased to $25,000 for policies issued or renewed on or after May 1, 2023.

MoneyGeek recommends drivers increase their limits to $100,000 in bodily injury liability insurance per person, $300,000 in bodily injury liability insurance and $100,000 in property damage insurance per accident. Doing so offers extensive financial protection in the event of an at-fault accident.

Full coverage includes comprehensive and collision insurance, which provides a much greater level of financial protection. With collision insurance, damages to your car that involve collisions with trees, walls, fences or other objects are covered. Comprehensive insurance pays for non-collision incidents like natural disasters, fire, theft, vandalism and a cracked windshield on your car.

If you own a valuable car, we encourage purchasing full coverage, even if it isn’t required.

Car Insurance Alternatives in New Jersey

Though no alternative to car insurance in New Jersey is available, drivers may be able to purchase a basic car insurance policy that includes less coverage. A basic policy includes the following coverages and limits:

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

Bodily injury liability, collision and comprehensive coverage are available as optional add-ons with some insurers. Though a basic plan may cost less, you won’t be covered for costs if you’re found at fault in an accident.

MoneyGeek always recommends purchasing the maximum amount of coverage that fits within your budget, to avoid paying high out-of-pocket costs if you get into an accident.

FAQ About Car Insurance in New Jersey

Those comparison shopping for car insurance may have questions about affordability and quality between providers. MoneyGeek answered the most commonly asked questions to help you gain a better grasp of auto insurance in New Jersey.

Which company offers the cheapest car insurance in New Jersey?
Should you buy the cheapest car insurance available in New Jersey?

Expert Advice on Finding Cheap Car Insurance in New Jersey

To help you find credible and accurate insight on car insurance in New Jersey, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in New Jersey should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in New Jersey take to find affordable car insurance?
Sean Lovison, CPA
Sean Lovison, CPAPrincipal at WJL Financial Advisors, LLC
Gerard Pinto
Gerard PintoAssistant Professor of Finance

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.


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