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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Amelia Buckley is an insurance editor, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions. Steve Ellis, CPCU, AIC, MBA, is a 30 year veteran of the insurance industry. His experience extends into training, operations, quality improvement, audit, compliance, claims technology, and data & analytics. Updated Nov 04, 2022 Compare car insurance rates Answer a few questions to discover real rates from top-tier carriers in your area. Your information is secure Compare rates Select from a variety of trusted carriers + MORE How it works Caret Down Tell us a little about yourself We'll only ask for info we're confident will impact your rate. That way, we can provide you with the most accurate and personalized offers. Choose which policy is best for you Compare your options from a list of carriers that want to get you insured. You can then move forward with as many as you'd like. Lock in your rate and policy details Once you're confident in your selected carrier, finish up the process online or on the phone with a trusted agent. And that's it! On This Page
With so many companies and coverage packages to choose from, New Jersey car insurance can be challenging to navigate. The average cost of a full coverage policy in New Jersey stands at $1,891 per year, slightly higher than the national average of $1,771. Focusing not only on price but also customer satisfaction, discounts and coverage options, the experts at Bankrate analyzed major car insurance companies that provide coverage in the Garden State to bring you our picks for the best car insurance in New Jersey. See more Key takeaways The average cost for a full coverage policy in New Jersey is $1,891 annually, while it costs $855 per year for a minimum coverage policy, on average. Based on our research, Geico, State Farm and Travelers are some of the best car insurance companies in New Jersey. The average cost of car insurance in New Jersey is slightly higher than the national average, but there are several ways you may save on your policy. Compare rates and save on auto insurance today! Get quotes Close X How Bankrate chose the best car insurance companies in New Jersey
The Bankrate insurance editorial team issued Bankrate Scores to the most prominent companies that offer New Jersey auto insurance. These Scores run from 0.0 to 5.0, with 5.0 being the best score available. We formulated these scores by first reviewing proprietary 2022 premium data provided by Quadrant Information Services. Then, we compiled third-party ratings from J.D. Power and AM Best, and considered other factors like discount offerings, coverage packages and online services. Our goal is that our holistic scoring system will help you choose the in New Jersey tailored to fit your specific needs.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state's requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moodys had the most impact on the companies' Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2020 Toyota Camry. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Best car insurance companies in New Jersey
The for car insurance in New Jersey is $1,891 for full coverage and $855 for a minimum coverage policy. Bankrate's insurance editorial team conducted research on the largest car insurance companies by market share in the Garden State. According to our proprietary premium data, third-party scoring from the and other important metrics, Geico, NJM, Selective, State Farm and Travelers are among the best auto insurance companies in New Jersey. You might want to get a quote from the following companies if you are searching for the best auto insurance in New Jersey: Insurance company J.D. Power score (Mid-Atlantic) Average annual full coverage premium Average annual minimum coverage premium Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (Mid-Atlantic) 834 /1,000 Average annual full coverage premium $1,374 Average annual minimum coverage premium $516 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (Mid-Atlantic) 851 /1,000 Average annual full coverage premium $1,531 Average annual minimum coverage premium $788 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (Mid-Atlantic) 860 /1,000 Average annual full coverage premium $1,403 Average annual minimum coverage premium $675 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (Mid-Atlantic) 844 /1,000 Average annual full coverage premium $1,242 Average annual minimum coverage premium $364 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (Mid-Atlantic) Not rated Average annual full coverage premium $1,159 Average annual minimum coverage premium $472 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. 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All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
Get custom car insurance quotes from top-rated carriers in 3 minutes or less. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: ++ Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview Based on our Bankrate Score, Geico tops our list of the best insurance companies in New Jersey. The company offers one of the longest lists of discounts in the industry, with potential savings for federal employees, military members, safe drivers and good students. Additionally, the company's digital app is robust, allowing you to request roadside service, view ID cards, make payments, file claims and request policy changes. However, Geico does not offer as many optional coverage types as its competitors, which may make policy personalization more difficult. Read full Pros and cons CheckmarkPros Plentiful discount options Robust online self-service options Close XCons Few coverage add-ons available Rated below regional average for J.D. Power 2022 Auto Insurance Study Average annual premium by city New Jersey city Geico average full coverage premium Geico average minimum coverage premium Elizabeth $1,805 $707 Jersey City $1,497 $551 Newark $2,025 $739 Paterson $1,920 $736 Toms River $1,240 $484 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: ++ Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview With and good student discounts, State Farm may be a good choice for younger drivers in New Jersey. State Farm sells its coverage through a network of local exclusive agents, and there are plenty of . In fact, State Farm is the in the country by market share. Although State Farm's J.D. Power ranking for customer satisfaction is above average, the company does have a from the National Association of Insurance Commissioners (NAIC). This means that the NAIC receives more complaints than average regarding State Farm. Read full Pros and cons CheckmarkPros May be a good option for students and young drivers More than 40 cities in New Jersey have a State Farm agent Close XCons Higher-than-average NAIC complaint index May be more expensive than other New Jersey car insurance companies Average annual premium by city New Jersey city State Farm average full coverage premium State Farm average minimum coverage premium Elizabeth $2,181 $1,134 Jersey City $1,895 $1,029 Newark $2,212 $1,134 Paterson $2,078 $1,134 Toms River $1,302 $678 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: ++ Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview Travelers could be a good choice if you are looking to insure your home and auto with the same provider. Not only does Travelers offer lower-than-average rates for auto insurance in New Jersey, but they have some of the premiums in New Jersey, on average, too. Travelers also offers options that other companies may not, like gap coverage and umbrella policies. You may even earn a discount for driving an . While it is true that Travelers 2021 J.D. Powers' customer satisfaction score was a bit under par, they ranked second overall in the Mid-Atlantic region in 2022. Read full Pros and cons CheckmarkPros Cheap rates for home and auto Many policy types available Close XCons Historically low J.D. Powers customer satisfaction scores Rideshare coverage not available in New Jersey Average annual premium by city New Jersey city Travelers average full coverage premium Travelers average minimum coverage premium Elizabeth $1,888 $908 Jersey City $1,673 $819 Newark $1,965 $922 Paterson $1,877 $911 Toms River $1,239 $629 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: + Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview NJM, which stands for New Jersey Manufacturers, is a regional insurer based in West Trenton, New Jersey that sells auto insurance coverage in Connecticut, Maryland, New Jersey, Ohio and Pennsylvania. NJM does not offer a large selection of coverage packages, but it does offer physical damage coverage for trailers. It also has lower-than-average rates for drivers that have an . As a smaller company, though, NJM's digital tools may not be quite as robust as the tools provided by other companies, so it may not be the best choice for you if you prefer to handle your insurance online or via a mobile app. Read full Pros and cons CheckmarkPros Overall competitive average rates May be a good option for drivers with accidents Close XCons Coverage packages limited Online options limited Average annual premium by city New Jersey city NJM average full coverage premium NJM average minimum coverage premium Elizabeth $1,460 $452 Jersey City $1,347 $394 Newark $1,635 $456 Paterson $1,552 $472 Toms River $1,117 $339 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview According to our research, Selective is among the out of those we studied, with an average full coverage premium far below the New Jersey average. Selective is based in Branchville, New Jersey. Along with better-known perks like accident forgiveness and vanishing deductible, it also offers unique add-ons like pet injury coverage. While it may not be rated by J.D. Power for customer satisfaction, the company carries an A+ (Superior) financial strength rating by . If you are looking for 24/7 customer service, however, Selective may not be the company for you, as it operates primarily by independent agents who work regular business hours. Pros and cons CheckmarkPros One of the cheapest average car insurance rates for full coverage in New Jersey on our list Unique policy add-ons Close XCons Not rated by J.D. Power for customer satisfaction No 24/7 service Average annual premium by city New Jersey city Selective average full coverage premium Selective average minimum coverage premium Elizabeth $1,609 $616 Jersey City $1,371 $520 Newark $1,537 $562 Paterson $1,539 $580 Toms River $1,104 $432 Answer a few questions to see personalized rates from top carriers. Auto Car Guides Looking to save money on auto insurance
Compare rates & save Compare rates & save ADVERTISEMENT Get my free quote Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Average car insurance cost in New Jersey
In of $1,891 each year for full coverage car insurance, according to 2022 data obtained from Quadrant Information Services. Minimum coverage costs an average of $855 each year. This is a bit higher than the national average cost of car insurance, which is $1,771 per year for full coverage and $545 per year for minimum coverage. Because New Jersey is mostly urban, the state has a high population density and more cars on the road. That means car accidents are more likely, which is reflected in the higher-than-average auto insurance premiums. You should also keep in mind that your rates will likely differ from the averages based on your individual . Also, compared to the , New Jersey's premiums aren't as high as they seem. Take Pennsylvania, for instance. Although Pennsylvania and New Jersey are neighbors, the average cost for a full coverage policy in Pennsylvania is $2,002, more than $100 higher than New Jersey. New York is even higher, averaging a whopping $2,996. It's important to note that if you are a current New Jersey auto policyholder, depending on your coverage, you may experience a rate increase next year due to . In August 2022, Governor Phil Murphy signed a law that increases the minimum limit for New Jersey drivers to a $25,000 minimum starting in 2023, with another bump to a $35,000 minimum in 2026. The current minimum limit for a standard New Jersey auto policy is $15,000/$30,000, which means the average cost for the is likely to increase as well. Average annual premium for minimum coverage in New Jersey Average annual premium for full coverage in New Jersey $855 $1,891
New Jersey city Average annual premium for full coverage Average annual premium for minimum coverage Elizabeth $2,579 $1,140 $2,371 $1,038 $2,683 $1,161 Paterson $2,613 $1,160 Toms River $1,698 $804 How to find the best car insurance in New Jersey
Drivers in New Jersey must maintain continuous coverage to avoid potential hefty fines and suspensions to their driver's licenses and vehicle registrations. In addition to complying with the law, a sufficient car insurance policy could provide essential financial protection if you are involved in a car accident. Since every driver has their own needs when it comes to auto insurance, no one company will be best for all. For this reason, it may be a good idea to shop around and from multiple companies. We've compiled some things you might want to keep in mind while you're shopping so that you can find auto insurance in New Jersey that fits your needs. Consider minimum insurance requirements in New Jersey
are unique, and it is a state. There are two options for minimum required coverage: the basic policy and the standard policy. Basic policies include just a level of property damage liability per accident and coverage and come with the option to purchase bodily injury liability coverage. If you choose a basic policy, your ability to add other coverage types could be limited. Standard policies include bodily injury liability, property damage liability and PIP, and also come with a broader range of optional endorsements to choose from. Understanding New Jersey's could help you decide if you need to purchase more coverage than just the minimum required. Consider lender requirements
Drivers with loans or leases may have additional car insurance requirements to consider. Financing and leasing companies want financial protection for their asset (your vehicle) until it is paid off and in your name. They often do this by imposing insurance requirements that you must meet to comply with your financing or leasing agreement. If you carry minimum coverage, you are probably not in compliance with your lender's insurance requirements. Minimum coverage does not provide any coverage for damage to your vehicle. Coverage that includes vehicle damage is called , and it adds comprehensive coverage and collision coverage. If you are leasing or financing, lenders could also have stipulations on how much liability coverage you must purchase. Additionally, many lenders will dictate how high your comprehensive and collision deductibles can be. Although not a lender requirement, could also be a useful coverage if you have a loan or lease on your vehicle. This option helps pay the difference between your loan balance and your vehicle's cash value if your car is totaled. If you are financing or leasing, it may be a good idea to contact your lender to review their insurance requirements before purchasing a new auto policy. Consider your individual needs
Auto insurance is a highly personalized product. Each driver has their own needs, but you might find that not every company offers what you are looking for. If you have a youthful driver in your home, you may need to tailor your search toward companies that offer . Those who work remotely may find savings by purchasing . If you drive for a ridesharing company like Uber or Lyft, you may need to find a company that offers . Before you shop, it can be helpful to list your priorities and use this as a guide while requesting car insurance quotes. Car insurance discounts in New Jersey
Many auto insurance providers in New Jersey offer car insurance discounts that can help customers on their annual premiums. Aside from shopping the , some discounts in New Jersey to look for include: Young driver discounts: If you are a and a full-time student or if you insure a full-time student on your policy, you may be able to take advantage of good student discounts, driver training discounts or distant student discounts. Safe driver discounts: programs involve letting your insurance company track your driving habits with a mobile app or plug-in device that might help you develop safer driving skills and earn a personalized discount. You could also save if you maintain a clean driving record for a certain number of years, which varies by company. Defensive driving course discounts: You might qualify for a discount if you complete a voluntary defensive driving course. These courses are usually available online, but some companies only offer this discount for drivers 50 years of age or older. You may want to ask your agent for specifics. Other discounts: Multi-policy discounts often offer some of the highest savings opportunities. If you with the same company, you could save on both premiums. Additionally, companies often offer discounts for selecting paperless bills, paying your premium in full or signing up for automatic payments. Every provider typically offers a different set of discounts, which is why it can be helpful to shop around and see which savings you are eligible for. Even if a certain provider gives you an expensive quote, you may be able to save a significant amount of money by . Frequently asked questions
Based on our research, Selective, NJM and Geico may be some of the . However, every insurance company weighs different . Additionally, every driver brings a unique set of circumstances to their car insurance search, so a company that is cheap for your friend may be more expensive for you. The best way to find the cheapest car insurance is to request quotes from several companies.
Yes, New Jersey is a no-fault state. If you are in an accident, your personal injury protection (PIP) coverage is designed to help pay for your injuries and any injuries that your passengers sustain, regardless of who is at fault for an accident, up to your policy's limits. PIP also covers lost wages due to injuries sustained in an accident.
Yes. New Jersey requires that drivers purchase at least the state minimum types and levels of car insurance coverage to drive legally. In New Jersey, you can opt for a basic policy or a standard policy to satisfy the requirements, based on your needs. is illegal and can result in fines and license suspension. If you cause an accident and don't have insurance coverage, you'll be responsible for the cost of the damages and any injuries you caused that are not covered by the other driver's PIP out of your own pocket.
There are many ways that you may save money on your car insurance. First, you could ask your agent to conduct a policy review to see if you are taking advantage of all the discount opportunities you are eligible for. Maintaining a clean driving record and a strong credit score may also help keep your rates low. Lastly, many insurance professionals recommend that you at every renewal to ensure that you get the most competitive rate. Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Amelia Buckley is an insurance editor, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions. Steve Ellis, CPCU, AIC, MBA, is a 30 year veteran of the insurance industry. His experience extends into training, operations, quality improvement, audit, compliance, claims technology, and data & analytics.