Is car insurance more expensive in New Jersey?

The average cost of auto insurance in New Jersey is $1,592 per year — 3% more than the national average. Your auto insurance premiums are dictated by factors other than state lines. Auto insurance premiums price based on myriad factors, such as a driver’s marital status, driving history, credit rating, gender, and age.

Is car insurance more expensive in NJ?

Car insurance in New Jersey is more expensive than the national average, which is around $1,500 annually for full coverage and about $600 per year for minimum coverage. The cost of car insurance is steadily increasing, too, both in New Jersey and nationwide.

Is car insurance cheaper in NJ or CA?

Expect to pay less for auto insurance in your new home. The usual annual car insurance rate in California is $144 more affordable than the average cost in the state of New Jersey.

IT IS INTERESTING:  What do I do if someone hits my car without insurance?

Is NJ or NY car insurance higher?

New Jersey car insurance — average prices. … The average annual auto insurance rate in New Jersey is $338 cheaper than the typical cost of car insurance in New York. The precise cost will depend on your coverage choice, insurance history, and your choice of car insurance company.

What is the average cost of car insurance in New Jersey?

The average car insurance rates in New Jersey are $847 annually for minimum coverage and $1,757 annually for full coverage. Compared to the national average annual premiums of $565 per year for minimum coverage and $1,674 per year for full coverage, drivers in New Jersey tend to pay more for car insurance.

Who has the best car insurance rates in NJ?

Find Cheap Auto Insurance Quotes in New Jersey

Rank Insurer Annual cost
1 State Farm $367
2 Geico $561
3 Progressive $739
4 Travelers $790

Who has the best auto insurance rates in NJ?

Best cheap car insurance companies in New Jersey

Car insurance company Bankrate Score Average annual full coverage premium
NJM 4.5 $1,271
State Farm 4.4 $1,244
Progressive 4.1 $1,469
Allstate 3.6 $1,686

Did car insurance go up 2020?

Auto Insurance Increases to the Grid Rate Level

In late September, the Alberta Automobile Insurance Rate Board (AIRB) announced an increase to the current Grid rate level by fifteen per cent, effective January 1, 2020.

What is the cheapest state for auto insurance?

Which U.S. states have the cheapest car insurance? The states with the most affordable car insurance rates are Ohio, New Hampshire and North Carolina. Each of these eastern states boasts average auto insurance rates at least 40% lower than the national average of $124 per month.

IT IS INTERESTING:  Can you take out a car lease for someone else?

What is a fair price for car insurance?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

What is the most expensive type of insurance?

Whole life insurance is considered to be the most expensive type of life insurance. Its premiums can be as much as five to 10 times more expensive than term life insurance premiums.

Why is Louisiana car insurance so high?

While many people agree that auto-related lawsuits are a major reason for Louisiana’s high insurance premiums, other factors may also contribute to these rates: With nearly 14% of drivers being uninsured and about 40% being insured at the minimum required level, insurance companies are more wary of Louisiana drivers.

Is insurance cheaper in New Jersey?

The cheapest car insurance companies in New Jersey are Geico, New Jersey Manufactures, and Travelers because they tend to offer premiums that are cheaper than the state average.

Cheapest Car Insurance in New Jersey.

Rank Insurer Average Quote
1 Geico $625 per year
2 NJM Insurance $846 per year
3 Travelers $1,029 per year
4 State Farm $1,071 per year

Who has the cheapest car insurance in New Jersey?

The cheapest car insurance in New Jersey

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $559 $1,316
Travelers $703 $1,320
State Farm $724 $1,244
Progressive $735 $1,469
IT IS INTERESTING:  What happens if my car insurance doesn't pay out?

How much is car insurance a month NJ?

What’s the Average Cost of Car Insurance in New Jersey? Car insurance costs about $133 per month in New Jersey.

How can I lower my car insurance in NJ?

Here’s some recommended ways to get lower auto insurance rates in New Jersey:

  1. Don’t Double up on Your Medical Coverage. …
  2. Increase Your Deductible. …
  3. Incorporate Vehicle Safety Options. …
  4. Choose Your Vehicle Wisely. …
  5. Eliminate Unnecessary Coverage. …
  6. Inquire About Other Price Reductions. …
  7. Keep Your Driving Record Clean.


Buy a car