Cheapest Car Insurance In New Jersey 2024
At an average of $42 per month, GEICO provides the most affordable minimum coverage car insurance in New Jersey.
We’ve saved shoppers an average of $600 per year on their car insurance.
When searching for budget-friendly car insurance in New Jersey, you’ll notice the rates can differ significantly.
For drivers interested in low-cost liability-only coverage, GEICO is the go-to choice. Those wanting full coverage at a great price should also consider GEICO, while NJM provides the lowest rates for younger drivers.
Cheapest Car Insurance Companies In New Jersey
Cheapest Liability-only Car Insurance In New Jersey: GEICO
GEICO provides the cheapest minimum coverage car insurance in New Jersey, with an average monthly rate of $42.
Use the table provided to compare rates from different insurance companies.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $42 | $501 |
| Allstate | $86 | $1,030 |
| Progressive | $92 | $1,106 |
| Travelers | $78 | $940 |
| NJM | $57 | $680 |
Cheapest Full Coverage Insurance Rates In New Jersey: GEICO
With an average monthly cost of $88, GEICO provides the cheapest full coverage car insurance in New Jersey.
Check out the table below for a comparison of average auto insurance rates from affordable insurers in New Jersey.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $88 | $1,056 |
| Progressive | $147 | $1,761 |
| Allstate | $145 | $1,745 |
| NJM | $94 | $1,122 |
| State Farm | $191 | $2,290 |
Cheapest Car Insurance Rates For Seniors: GEICO
With an average monthly rate of $87, GEICO provides the most affordable car insurance for seniors in New Jersey.
See the table below for a comparison of average rates from the cheapest auto insurance providers for seniors.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $87 | $1,053 |
| Allstate | $143 | $1,710 |
| Progressive | $149 | $1,782 |
| Travelers | $136 | $1,630 |
| State Farm | $185 | $2,220 |
Cheapest Rates In New Jersey For Teenagers: Travelers
In New Jersey, teens can get the most affordable car insurance from Travelers, averaging $206 per month.
Below is a table showing the insurance providers with the lowest rates for teenage drivers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Travelers | $206 | $3,226 |
| Allstate | $318 | $3,812 |
| Progressive | $283 | $3,398 |
| State Farm | $243 | $2,916 |
| Foremost | $386 | $4,637 |
Cheapest Auto Insurance For Young Adults in New Jersey: NJM
Young adults in New Jersey can find the cheapest insurance rates with NJM, averaging $120 per month.
The table below allows you to see a comparison of the most affordable auto insurance rates in New Jersey for young adults.
| Provider | Average Monthly Cost | Average Annual Cost |
| NJM | $120 | $1,441 |
| Travelers | $140 | $1,680 |
| Allstate | $167 | $2,006 |
| State Farm | $235 | $2,815 |
| Mercury | $199 | $2,390 |
Cheapest Car Insurance In New Jersey For Good Drivers: GEICO
GEICO offers the cheapest car insurance for good drivers in New Jersey, with an average monthly cost of $42.
Safe drivers can use the table below to compare average quotes from the least expensive insurance companies.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $42 | $501 |
| Allstate | $86 | $1,030 |
| Progressive | $92 | $1,106 |
| Travelers | $78 | $940 |
| NJM | $57 | $680 |
Find affordable New Jersey rates
Cheapest Car Insurance In New Jersey After A Speeding Ticket: GEICO
GEICO stands out as one of the cheapest options in New Jersey, with an average rate of $89 a month for drivers who have a speeding ticket.
Use the table below to compare average rates for drivers with a speeding ticket.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $89 | $1,068 |
| NJM | $110 | $1,317 |
| State Farm | $193 | $2,320 |
| Progressive | $158 | $1,899 |
| Allstate | $179 | $2,150 |
Cheapest For Drivers With After At-Fault Accident: NJM
NJM provides the most affordable car insurance for drivers with an at-fault accident, averaging $97 a month.
Below are the insurance companies with the most affordable rates for drivers who have an at-fault accident.
| Provider | Average Monthly Cost | Average Annual Cost |
| NJM | $97 | $1,160 |
| Allstate | $245 | $2,940 |
| Progressive | $223 | $2,671 |
| State Farm | $317 | $3,798 |
| Hanover | $423 | $5,080 |
Cheapest Rates In New Jersey For Drivers After A DUI: NJM
For drivers in New Jersey who have a DUI, NJM provides the most affordable rates, averaging $110 per month.
Check the table below to find the lowest insurance rates for drivers with a DUI in New Jersey.
| Provider | Average Monthly Cost | Average Annual Cost |
| NJM | $110 | $1,320 |
| Allstate | $212 | $2,540 |
| Mercury | $271 | $3,247 |
| GEICO | $183 | $2,190 |
| State Farm | $749 | $8,992 |
Best Car Insurance Companies In New Jersey
In New Jersey, GEICO provides the lowest insurance rates at $42 per month. Allstate and NJM are also options, with rates of $86 and $57 a month.
The following shows the top 10 car insurance companies in New Jersey, ranked by their average monthly rates.
| Company | Monthly Premium |
| GEICO | $42 |
| Allstate | $86 |
| Progressive | $92 |
| Travelers | $78 |
| NJM | $57 |
| Foremost | $117 |
| Mercury | $120 |
| Plymouth Rock | $50 |
| Hanover | $152 |
| Amica | $114 |
Average Auto Insurance Rates In New Jersey – By Age
Car insurance premiums are heavily influenced by age, with younger drivers typically paying more due to their inexperience and higher risk of accidents. Teenagers usually pay an average of $2,790 per year for coverage.
When drivers hit 25, their rates generally begin to lower, as long as they have a spotless driving history.
The most affordable insurance premiums are often given to drivers in their 50s and early 60s, as insurers view age as a measure of experience and risk.
| Age | Average Yearly Rate |
| Teenagers | $2,790 |
| 20s | $1,689 |
| 30s | $1,360 |
| 40s | $1,290 |
| 50s | $1,266 |
| 60s | $1,168 |
| 70s | $1,492 |
Average Rates In New Jersey – By Vehicle
Your vehicle’s make, model, year, and body type all impact your car insurance rates. Newer cars, particularly luxury models with advanced technology and expensive replacement costs, usually come with higher premiums.
Use the table below to compare the average insurance rates for different types of vehicles in New Jersey.
| Vehicle | Average Monthly Rate |
| BMW M3 | $460 |
| Chevrolet Equinox | $182 |
| Nissan Rogue | $190 |
| GMC Arcadia | $225 |
| Ford Fusion | $271 |
How Much Is Car Insurance In Other Cities in New Jersey?
The city you live in plays a key role in determining your car insurance rates. Urban areas typically have higher rates of accidents, theft, and vandalism, which results in higher premiums.
As an example, drivers in Newark typically pay about $252 a month for car insurance, while those in Dumont pay an average of $165 per month.
| City | Average Monthly Rate |
| Matawan | $168 |
| Dover | $164 |
| Linden | $245 |
| Newark | $252 |
| Phillipsburg | $168 |
| Dumont | $165 |
| Brick Township | $168 |
| Flemington | $140 |
| Irvington | $258 |
| Long Branch | $168 |
Find affordable New Jersey rates
Our Methodology
By examining customer service, coverage offerings, pricing, and a wide range of user reviews, I’ve developed a comprehensive perspective on the car insurance options in New Jersey.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
Who has the lowest car insurance rates in New Jersey?
In New Jersey, GEICO offers the most affordable minimum coverage insurance and full coverage rates, which include comprehensive and collision.
What is the average cost of car insurance in New Jersey?
The typical car insurance premium in New Jersey is approximately $170 per month, though rates will vary depending on your zip code, car year and make, and driving record.
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