Cheapest Car Insurance Quotes In Camden, NJ For 2024

When searching for the most affordable car insurance in Camden, NJ, options can vary significantly, but one company shines for its competitive rates: GEICO. On average, residents can obtain car insurance for around $37 per month, which is notably lower than the state’s average of $160.

For individuals seeking the cheapest liability-only coverage, GEICO stands out as the top choice. Additionally, for drivers in need of more comprehensive protection, GEICO offers the best rates for full coverage policies, priced at $92 a month. However, for young drivers, NJM provides the cheapest rates at $110 per month.

How Much Is Car Insurance In Camden, NJ?

GEICO provides the most affordable car insurance in Camden, NJ, with coverage available for $181 a month. However, according to the table below, its rates are significantly higher than the average rate in both the State of New Jersey and the United States as a whole:

Bear in mind that the average national cost includes both high-cost states (such as New York, New Jersey, and California) and low-cost states (such as Mississippi, Kentucky, and Wyoming). Rates will vary by location according to many factors, including vehicle type, amount of coverage, zip code, driving record, etc.

Cheapest Car Insurance Rates In Camden For Full Coverage

GEICO offers the most affordable car insurance rates for full coverage in Camden. On average, their quotes are $92 per month.

Full coverage car insurance offers comprehensive protection beyond the basic requirements mandated by law. It usually combines comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents like theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of fault.

Cheapest Car Insurance Rates In Camden For Minimum Coverage

GEICO stands out as the most affordable car insurance company for minimum coverage in Camden, with an average monthly cost of $37.

The minimum car insurance policy should include at least the following:

• $15,000 for bodily injury per person
• $30,000 for bodily injury per accident
• $5,000 for property damage per accident

Having minimum car insurance offers some protection while driving, but it doesn’t include collision or comprehensive coverage. This means damages to your vehicle in accidents or incidents like theft and natural disasters won’t be covered.

Additionally, driving without insurance is illegal in New Jersey. If you can’t provide proof of insurance during a traffic stop, you could face penalties ranging from fines to license suspension or worse.

Cheapest Car Insurance Rates In Camden For Teenagers

Teenage drivers in Camden can secure the most affordable quotes from GEICO, with average monthly premiums of $159.

Teenage drivers typically encounter the highest car insurance premiums, primarily due to their lack of experience behind the wheel. Insurance providers categorize these young motorists as high-risk because they statistically have a higher likelihood of being involved in accidents and committing traffic infractions.

Cheapest Car Insurance Rates In Camden For Seniors

NJM offers the most affordable car insurance rates for seniors in Camden, with average quotes of $87 per month.

In New Jersey, numerous seniors may benefit from favorable car insurance rates influenced by several advantageous factors. While age commonly plays a role in insurance rate determinations, with older age sometimes linked to reduced driving ability, this stereotype doesn’t apply universally.

Cheapest Car Insurance Rates In Camden For Young Adults

NJM provides the most affordable quotes for young adults in Camden, with rates averaging around $110 per month.

In New Jersey, young adult drivers typically enjoy lower car insurance rates compared to their teenage counterparts. This difference in pricing is attributed to the maturation of driving habits and a corresponding decrease in risk-taking behaviors as drivers age.

Statistics show that young adults are less likely to file claims with insurance companies, indicating a reduction in accident involvement. As a result, insurers adjust premiums downward, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Camden For Good Drivers

Drivers with good records in Camden can secure the most affordable car insurance quotes from GEICO, with rates averaging around $37 per month.

Drivers with clean driving records in Camden typically enjoy lower car insurance rates because they’re seen as lower risk by insurance companies. These companies use driving records as a gauge of how safely a person drives. Fewer incidents, like accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.

Since insurers set rates based on the likelihood of a driver making a claim, having a spotless driving record can result in significant savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Camden For Drivers With Prior Incidents

In Camden, drivers with records of traffic violations, such as accidents, speeding tickets, or DUIs, often encounter challenges in obtaining affordable car insurance. These driving infractions lead insurance companies to classify them as high-risk, indicating a greater likelihood of filing future insurance claims.

As a result, insurance providers increase their rates for these individuals to offset the risk of potential higher claim payouts.

Cheapest Car Insurance Rates In Camden For Drivers With A Speeding Ticket

NJM stands out as an affordable option compared to other companies, offering average rates of $90 per month.

Cheapest Car Insurance Rates In Camden For Drivers With An At-Fault Accident

NJM provides the most economical car insurance quotes for drivers with an at-fault incident, boasting an average rate of $83 per month.

Cheapest Car Insurance Rates In Camden For Drivers After A DUI

NJM offers the most affordable rates for drivers after a DUI incident, providing Camden drivers with average monthly premiums of $90.

Best Car Insurance Companies In Camden

For drivers in Camden, selecting the right car insurance company involves finding affordable rates and ensuring reliable protection on the road. Below are the top 10 car insurance companies in Camden, NJ, ranked by the average monthly rate they offer.

Average Car Insurance Rates By Age In Camden

Age plays a significant role in determining car insurance rates. Typically, younger drivers, especially teens and young adults, encounter higher insurance premiums due to their inexperience and statistically higher likelihood of accidents and traffic violations. As drivers approach the age of 25, their rates usually begin to decrease, assuming they maintain a clean driving record.

The most favorable insurance rates are often available for drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk potential, which in turn influences the cost of premiums.

Average Car Insurance Rates By Vehicle Type In Camden

The type of vehicle you drive has a significant impact on your car insurance costs. Insurance companies take into account factors such as the make, model, year, and body type of the car. Typically, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.

On the other hand, older cars or those less expensive to repair or replace may attract lower premiums. Insurers consider these factors because they directly affect the potential cost of claims – for example, repairs for a high-end car are generally more expensive than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In New Jersey?

The city where you live greatly influences your car insurance rates. Insurance companies evaluate various factors related to your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which are generally higher in urban areas. This heightened risk often results in higher premiums.