Best And Cheapest Car Insurance – To help you choose the best cheap car insurance in New Jersey, our editorial staff has collected quotes from each zip code for the state’s largest auto insurance companies. We’ve ranked the best companies in New Jersey based on convenience, customer service and availability of coverage. We’ve also ranked the top companies based on the value of multiple driver profiles.
To find the cheapest insurers, we only calculated average quotes for liability coverage that meets New Jersey’s minimum requirements; $15,000 per person bodily injury liability and $30,000 accident and $5,000 property damage coverage. Along with $15,000 worth of personal injury protection (PIP).
Best And Cheapest Car Insurance
Geico has the cheapest minimum coverage auto insurance quotes in New Jersey, averaging $530 per year. Geico policies cost almost 50% less than the national average for minimum coverage.
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The average cost of minimum coverage car insurance in New Jersey is $979 per year or $82 per month.
Drivers can also find cheap car insurance in New Jersey from NJM and Plymouth Rock. Both offer average car insurance rates of $69 per month.
Minimum auto insurance coverage offers meet New Jersey state minimum legal requirements of $15,000 per person and $30,000 per accident, $5,000 in property damage coverage, and $15,000 in personal injury protection (PIP).
Unlike a full coverage policy, minimum coverage does not include comprehensive and collision insurance. Although minimum coverage costs less, you may not have enough protection after an accident because you have less liability coverage and miss out on comprehensive and collision coverage.
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The average cost of full coverage in New Jersey is $1,969 per year or $164 per month, more than twice as much as a liability-only policy.
The cheapest comprehensive auto insurance company in New Jersey is Geico, where coverage costs an average of $1,153 per year or $96 per month. Alternatively, drivers can find cheap quotes from Plymouth Rock, which also offers car insurance quotes for $1,560 a year.
Comprehensive and collision insurances are included in the full coverage policy and cover damage to your vehicle after accidents, theft, natural disasters and vandalism.
Car insurance costs in New Jersey typically increase for drivers after a driving accident. Drivers who have been involved in an at-fault crash or received a speeding or DUI citation are likely to see higher rates than those who have not.
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New Jersey drivers with one speeding ticket can find the cheapest auto insurance deals at Geico, which offers coverage for $1,153 a year, the same price you would pay without a speeding ticket.
Plymouth Rock also maintains the same rates after the first speeding ticket. It averages $1,560 a year, $407 more than Geico.
Getting a speeding ticket can increase your car insurance costs by an average of 15%, while getting into an accident can increase your costs by an average of 57%.
New Jersey drivers with accident records can still find cheap full coverage auto insurance deals at Geico, where the average price is $1,613 – 50% cheaper than the average car insurance after an accident.
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If you only have one accident in your driving history, your auto insurance rates can increase significantly because a driver who gets into one accident is more likely to get into another accident in the future. New Jersey drivers pay 64% more after an accident.
Drivers who have received a DUI can still find cheap car insurance quotes in New Jersey from Plymouth Rock. Car insurance from Plymouth Rock costs $2003, 30% less than the average DUI rate.
After a DUI, car insurance costs in New Jersey can go up to $2,841 per year for full coverage. That’s $872 off the quote for a driver with a clean record.
In New Jersey, Geico remains the cheapest option for married drivers, although the insurer actually raises rates for married individuals by encouraging bundling. In general, full coverage auto insurance for married drivers is 3% cheaper in the state than for single drivers.
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In New Jersey, 18-year-old drivers should consider getting a quote from Geico, which offers minimum coverage at $1,017 per year, which is 62% cheaper than the average. Geico is also the least expensive full coverage option with an annual premium of $2,488 per year.
In New Jersey, the average minimum auto insurance cost for new drivers in New Jersey is $2,377, almost three times more than for an older driver. The average cost of coverage for full coverage is $6,219 per year, a 240% increase for a 30-year-old driver.
Whenever possible, a young driver should try to follow the parent’s policy. The cost of adding an 18-year-old driver to an existing policy is much more affordable than the cost of a separate policy.
Geico offers the cheapest auto insurance for new drivers after a speeding ticket. The insurer charges an average rate of $1,017 per year for minimum coverage, which is 66% cheaper than the national average. Notably, Geico does not raise rates for new drivers when they receive a speeding ticket.
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Geico is also the cheapest auto insurance company for new drivers with one previous accident, offering 72% less coverage than average. Along with Geico, NJM is the only insurer to offer minimum coverage of less than $2,000 per year.
NJM is the best general auto insurance company in New Jersey based on low prices, reliable service and great coverage.
The cooperative also received an excellent rating of 4.5/5 stars. As the nation’s largest insurer, State Farm offers reliable coverage in nearly every state in the country and offers robust online tools along with affordable pricing.
Customer service and coverage options are an important part of finding the best car insurance policy. While finding an affordable price for insurance is very important, insurance is ultimately a service, and getting reliable coverage you can rely on is just as important.
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Update: New Jersey has increased the minimum required auto insurance effective January 1, 2023. The new mandatory minimums will be $25,000 per person/$50,000 per incident for bodily injury and $25,000 per incident for property damage. .
New Jersey drivers have the option of choosing between two types of policies: standard or basic. Uninsured/underinsured motorist coverage is available under a standard policy, but not under a basic policy. Additionally, some basic policies do not include the option of comprehensive and collision coverage, although availability varies from insurer to insurer.
By using a minimum coverage or basic plan, drivers can reduce the cost of their policy. However, full coverage car insurance may be more suitable for some drivers.
We recommend that New Jersey drivers consider higher liability limits than required by the state’s minimum coverage laws, as well as comprehensive and collision coverage. Minimum coverage plans may not be enough to fully cover the cost of an expensive accident damage.
Steps To Getting Cheap Car Insurance
New Jersey auto insurance policies have a unique feature that gives you a limited or unlimited right to sue for non-economic damages after a car accident, which means the ability to sue for pain and suffering.
Non-economic losses are usually referred to as “pain and suffering”, which are more subjective (eg loss of companionship/enjoyment of life). This is different from a lawsuit for quantifiable damages, such as lost earnings from work or medical payments to cover hospital bills.
A limited right to sue means you agree in advance not to sue for pain and suffering. You can only sue for pain and suffering if your injury results in loss of a limb, serious disfigurement or scarring, displaced fracture, loss of a fetus, or permanent injury to a body part or organ that cannot normally heal. , or death.
You can still sue for economic damages, but you must choose between a limited right to sue or an unlimited right to sue for non-economic damages.
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The most expensive city in New Jersey for car insurance is Irvington ($2,936 per year for full coverage). One of the cheapest cities is Frenchtown at $1,715 per year.
The average cost of full coverage car insurance in New Jersey is $1,969 per year or $164 per month. However, your city and zip code play a large role in determining auto insurance rates, so we recommend that New Jersey drivers compare online quotes from several insurance companies in their area.
The average cost of auto insurance in New Jersey is $979 per year or $82 per month for a minimum coverage policy. The average cost of a full coverage policy is $164 per month or $1,969 per year.
Geico offers the cheapest auto insurance for new drivers in New Jersey with a minimum coverage policy of $1,017 per year.
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A typical car insurance policy requires you to have at least $15,000 per person and $30,000
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