Cheapest Car Insurance New Jersey [BETTER]
Need car insurance in New Jersey? Whether you live in North Jersey or the Jersey Shore, Liberty Mutual can help protect you. From liability protection to comprehensive coverage, we customize your New Jersey auto insurance, so you only pay for what you need.
cheapest car insurance new jersey
In New Jersey, it's illegal to drive without insurance. Drivers in New Jersey are required to have the following car insurance coverage: bodily injury to others, property damage liability, and uninsured/underinsured motorist coverage.
The average cost of car insurance in New Jersey is $1,5842 in 2021 according to thezebra.com. That's 4% higher than the national average. Of course, your auto insurance cost will depend on many different factors including your age, where you live and your driving history.
Some people get the bare minimum coverage, while others prefer the comfort and security of more protection. Liberty Mutual customizes your New Jersey auto insurance, so you only pay for what you need.
The chart above shows the minimum New Jersey auto insurance you need. But depending on your budget and needs, you might want to consider increased coverage for more protection. We'll help you customize your New Jersey car insurance to get the coverage that fits you. See all of our auto coverage options.
Liberty Mutual understands that everyone has individual needs when it comes to their New Jersey auto insurance. Some might want the cheapest New Jersey car insurance, while others want more coverage and an auto insurance company they know they can trust. Let us help you customize your New Jersey car insurance, so you only pay for what you need.
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Drivers searching for cheap car insurance in New Jersey have plenty of options. For those seeking minimum coverage, New Jersey Manufacturers, also called NJM, has the cheapest average premium at $357 per year. If you want full coverage, you might want to get a quote from Palisades, which has an average full coverage premium of $931 per year. The average cost for car insurance in New Jersey is $782 per year for minimum coverage and $1,754 per year for full coverage, but many companies offer lower average premiums. Bankrate can help you find cheap NJ car insurance and give you tips on how to keep a low premium once you have a policy.
Finding the cheapest car insurance in New Jersey may require comparing several insurance providers. Not only does this allow you to see quotes based on your personal circumstances, but it allows you to compare coverage options, too. Bankrate utilized Quadrant Information Services to identify the cheapest carriers. Fortunately, cheap rates do not necessarily mean a lack of coverage, since there are plenty of insurance providers offering competitive rates for both full and minimum coverage to drivers in the Garden State.
Often, the cheapest auto insurance comes in the form of minimum coverage. This is because minimum coverage provides the lowest possible limits for a driver to stay legal, and less coverage usually means lower prices. However, you may find yourself with higher out-of-pocket costs if you get into an accident. If minimum coverage is the right fit for you, here are the cheapest companies that we found:
Full coverage provides more financial protection than minimum coverage because it adds comprehensive and collision. These coverage types provide coverage for damage to your vehicle. If you prefer a full coverage policy, here are five car insurance companies in New Jersey offering the cheapest rates, based on average annual premiums.
Full coverage rates can also vary from one ZIP code to another. ZIP codes influence insurance premiums because of cost of living factors, as well as auto repair expenses, theft and vandalism rates and other factors and might increase or decrease your risk assessment, according to the Insurance Information Institute (Triple-I).
Not only is finding cheap car insurance in New Jersey important for your budget and coverage needs, but so is keeping your cheap rates intact. The good news is that there are numerous actions you can take to both find and keep cheap insurance rates, including:
Yes, New Jersey requires all drivers to carry at least a basic or standard policy with the minimum required coverage limits. If you drive without car insurance, you may be subject to fines, license suspension or even jail time. While both a basic policy and a standard policy are likely to be among the cheapest options because they offer the lowest levels of coverage, both minimum coverage options could leave you in a stressful situation if you get into an accident and struggle to cover the costs out of pocket.
According to our research the average car insurance is 20% more expensive than the national.
Geico has the least expensive car insurance premiums in New Jersey, according to our research.
New Jersey drivers will likely find the cheapest car insurance with Geico. Its average annual rate is $1,130. This is considerably less than the state average of $1,734. On the other end of the spectrum, drivers in the Garden State will most likely find the most expensive auto insurance with Farmers. According to our study, its average annual rate is $2,712.
Parents of teen drivers in New Jersey have a variety of options for insuring their children. The average car insurance rate for the state is $6,200 for female teens and $7,031 for male teens. According to our study, the cheapest car insurance option for 17-year-old drivers is with Geico. The average annual rate is $2,225 for females and $2,265 for males. The most expensive insurance company for teen drivers is Mercury. For females, the average rate is $10,906, and for males the average rate is $12,850 per year.
The average annual rate for a 25-year-old female in N