Get Cheap Auto Insurance In New Jersey: Tips And Tricks

How to Get Cheap Auto Insurance in New Jersey

Auto insurance in New Jersey is more expensive than in most other states, with an average annual premium of $1,459, which is roughly 4% more than the national average. However, there are ways to find cheaper insurance.

Cheapest Companies

According to NerdWallet, the cheapest car insurance companies in New Jersey are GEICO and NJM, with average annual rates of $1,093 and $1,367, respectively. Bankrate's analysis also found Selective and Geico to be among the cheapest.

Factors Affecting Premiums

Many factors affect auto insurance premiums, including age, driving history, credit score, and location. For example, young and inexperienced drivers tend to pay more, and drivers with poor credit scores are considered higher risk and charged higher premiums.

Minimum Coverage

New Jersey has two minimum coverage options: a basic policy and a standard policy. The basic policy is cheaper but offers lower coverage, and you won't be able to purchase comprehensive or collision coverage. The standard policy has higher liability coverage and includes uninsured and underinsured motorist coverage.

Saving Money on Insurance

To save money on auto insurance in New Jersey, it's recommended to shop around and get quotes from multiple companies. You can also take advantage of discounts offered by insurance providers, such as bundling home and auto insurance or having a good student discount. Improving your credit score and maintaining a clean driving record can also help lower your premium.

Cheapest car insurance in New Jersey for young drivers

Finding affordable auto insurance in New Jersey can be challenging, especially for young drivers. Here are some of the cheapest car insurance companies in New Jersey for young drivers, along with tips on how to get cheaper rates.

Cheapest car insurance companies for young drivers in New Jersey

According to various sources, Geico, NJM, and State Farm are consistently ranked among the cheapest car insurance companies in New Jersey for young drivers. Here are some average annual rates for 16 to 25-year-old drivers:

• Geico: $2,264 to $2,281 for 17-year-olds, $1,279 for 25-year-old females, and $1,258 for 25-year-old males.
• NJM: $3,317 to $3,602 for 17-year-olds, $190 for 19-year-olds, and $214 for 18-year-olds.
• State Farm: $1,625 for 16 to 25-year-olds.

Tips for getting cheaper car insurance for young drivers in New Jersey

• Compare quotes from multiple companies: Shop around and get quotes from different insurance providers to find the best rate for your needs.
• Maintain a clean driving record: Avoid accidents and traffic violations to keep your insurance premiums low.
• Choose a higher deductible: Opting for a higher deductible can lower your premiums, but make sure you can afford the deductible if you need to file a claim.
• Look into discounts: Ask about discounts such as good student, low mileage, or safe driver discounts to lower your premium.
• Consider usage-based insurance: Programs that track your driving habits can offer lower rates for safe driving or low mileage.
• Choose your vehicle carefully: Certain vehicles may be more expensive to insure due to higher repair costs or a higher risk of theft.

Cheapest car insurance in New Jersey for drivers with a ticket

New Jersey is a no-fault state, which means that drivers must have personal injury protection (PIP) coverage on their car insurance. This is one of the reasons why car insurance in New Jersey is more expensive than in other states. The average annual premium in the state is $2,350 ($196 per month) or $1,706 per year, according to different sources.

The cheapest car insurance in New Jersey for drivers with a ticket depends on several factors, including age, driving record, credit history, and location. Here are some of the cheapest options for different driver profiles:

• Young drivers with a ticket: According to NerdWallet, the cheapest option for a 20-year-old driver with a speeding ticket is GEICO, with an average annual rate of $1,093.
• Senior drivers with a ticket: For a 60-year-old driver with a speeding ticket, GEICO is again the cheapest option, with an average annual rate of $1,065.
• Drivers with a DUI: For drivers with a DUI on their record, NJM offers the lowest average rate of $156 per month, according to NJ.com.
• Drivers with poor credit: For drivers with poor credit, NJM tends to offer the cheapest rates, according to The Zebra.

It's important to note that insurance rates can vary based on individual factors, so it's recommended to compare quotes from multiple companies to find the best rate for your specific situation.

Cheapest car insurance in New Jersey for drivers with an at-fault accident

Finding affordable auto insurance in New Jersey can be challenging, but there are ways to get cheaper rates. According to our research, the average rate in New Jersey for drivers after an accident is $2,749 per year. The cheapest option for drivers with a collision is New Jersey Manufacturers, with an average annual rate of $1,342.

• Keep a clean driving record. Avoid accidents and traffic violations to keep your insurance premiums low.
• Mind your credit score. Maintain a high credit score. Insurance companies view drivers with a high score as more responsible, so they’ll charge lower rates.
• Review your coverage. Assess your coverage annually and after major life changes such as getting married or paying off your car. Doing so helps to ensure you have the right coverage at the best price.
• Consider your car choice. Think about insurance costs before buying a new car to make sure it fits your budget.
• Select higher deductibles. Choosing a higher deductible can lower your premiums but ensure you can pay the more expensive deductible out of pocket if you file a claim.
• Check out usage-based insurance. Look into telematics programs that track your driving habits. You could pay less if you're a safe driver or don't drive much.
• Ask about discounts. Inquire about discounts like safe driver, low mileage, and paperless billing to lower your premium.
• Shop around. Get quotes from different insurance companies to find the best rate for your needs.

The cheapest car insurance in New Jersey for drivers with an at-fault accident is offered by New Jersey Manufacturers, with an average annual rate of $1,342. However, Geico is the cheapest option overall for car insurance in New Jersey, with an annual premium of $1,163.

• New Jersey Manufacturers: $1,342 per year
• Farmers: $4,810 per year

Cheapest car insurance in New Jersey for high-risk drivers

High-risk drivers in New Jersey can find cheap car insurance with the following companies:

• NJM Insurance
• Geico
• State Farm
• Travelers
• Selective Insurance

NJM Insurance is a smaller company that offers a wide array of add-on coverages and an extensive discount selection. It has impressive customer satisfaction ratings and affordable rates for drivers with accidents or DUIs on their records.

Geico is the cheapest option overall for car insurance in New Jersey. It has plenty of coverage options, good customer service, and many discounts that can help you save further.

State Farm has low rates and a variety of discounts. It earned the title of Best Customer Experience nationally for its high customer satisfaction ratings in consumer studies.

Travelers ranks fourth for the best cheap New Jersey auto insurance companies and was named the Best For Most Drivers nationally. The company’s policies are widely available, customizable with add-on coverages, and affordable for full coverage, no matter your driver profile.

Selective Insurance offers the lowest estimated rates for drivers with poor credit in New Jersey.

Cheapest car insurance in New Jersey for drivers with poor credit

Finding affordable auto insurance in New Jersey can be challenging. The statewide average cost of car insurance in New Jersey is $1,706 per year, which is more expensive than the national average of $1,543.

New Jersey Manufacturers

New Jersey Manufacturers has the cheapest average rate for drivers with poor credit: $2,161 per year. The company also has the cheapest average rate for drivers after an accident: $1,342 per year.

Farmers

Farmers has the most expensive insurer for drivers with poor credit, with a sample yearly rate of $5,915.

Geico

Geico has the cheapest rates for drivers with a clean record: $1,163 per year.

State Farm

State Farm offers the cheapest rates in New Jersey for minimum coverage car insurance for a 35-year-old driver with a clean driving record: $342 per year.

Plymouth Rock Assurance

Plymouth Rock Assurance offers the cheapest car insurance in New Jersey, with premiums averaging $67 per month.

NJM

NJM has the cheapest average rates for drivers with bad credit.

USAA

USAA provides car insurance for current and former military personnel and their families.

New Jersey Automobile Insurance Plan (NJAIP)

If you cannot buy auto insurance through the traditional market, consider enrolling in a New Jersey Automobile Insurance Plan.

Frequently asked questions