Compare Cheap Auto Insurance in New Jersey

• Full coverage auto insurance in New Jersey costs $2,432 annually on average. Minimum coverage costs an average of $1,266 annually.
• GEICO, NJM, and USAA have the lowest average rates for most driver profiles, but the latter is only available to the military community.
• State Farm, Travelers, and Progressive also have below-average rates for many driver profiles.

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• Cheapest full coverage auto insurance in New Jersey: GEICO ($1,507 annually) and NJM ($1,674 annually)
• Cheapest minimum coverage: GEICO ($673 annually) and Plymouth Rock ($882 annually)
• Cheapest with a teen driver: GEICO ($2,770 annually) and NJM ($3,711 annually)
• Cheapest with a speeding ticket: GEICO ($1,507 annually) and NJM ($2,018 annually)
• Cheapest with an at-fault accident: NJM ($1,681 annually) and GEICO ($1,761 annually)
• Cheapest with a DUI: NJM ($2,015 annually) and Progressive ($2,144 annually)
• Cheapest with low credit: GEICO ($2,654 annually) and NJM ($2,719 annually)

Not only does NJM offer some of the cheapest rates for most driver categories in New Jersey, but it also has the highest customer satisfaction ratings. It’s a good idea to compare rates from multiple companies, as your rates may differ from the average, but NJM will be a solid option for many drivers in the Garden State.

1. Maintain a clean driving record: The safer you drive, the less of a risk you are to your insurer, and that means that your insurer can offer you a lower premium. The best way to demonstrate your prudent driving is by maintaining a clean driving record, free from traffic violations and accidents.
2. Choose a limited tort policy: New Jersey allows drivers to choose between a limited tort policy (no-fault) or a standard tort policy (standard at-fault policy). Limited tort policies will come with lower premiums, but they also limit your ability to sue for non-economic damages following an accident.  8436208326274446692OP.
3. Bundle policies: Most insurers offer discounts if you combine auto insurance with homeowners or renters — it boosts their profits overall if you buy multiple products from them.
4. Sign up for a telematics program: Many auto insurance providers offer discounts if you sign up for a telematics program. In these programs, your insurer will provide you either a plug-in device or an app that monitors your driving behavior. If you drive safely, according to the device’s or app’s measurements, you’ll get a discount on your insurance. But be careful: with some telematics programs, driving over the speed limit and other risky behaviors can actually increase your premium.

Increase your deductibles: If you increase your deductibles (the amount of money you need to pay out of pocket in case of a claim before your insurance kicks in), you’ll save money on your premium. However, keep in mind that there’s a risk here: you’re essentially sharing more of the risk with your insurer, which means you’ll have a lower premium, but you’ll be exposing yourself to more financial risk.

Your auto insurance rates depend, in part, on where you live. Even within a state, rates can sometimes vary significantly. Newark has the most expensive auto insurance rates in New Jersey at $3,010 per year on average. Rates are slightly lower in Jersey City at $2,632 annually. Drivers outside of major cities can expect to pay even less.

New Jersey requires certain minimum auto insurance limits by law, though they are extremely minimal compared to most other states:

• Property damage liability: $5,000 per accident
• Personal injury protection: $15,000

Given how low these minimum limits are, it’s strongly recommended that New Jersey drivers opt for more robust protection. Despite New Jersey being a no-fault state, it’s wise to add bodily injury liability coverage to your policy in case you cause severe injuries in an accident that surpass what the other driver’s PIP can cover. In addition, consider adding full coverage if you have a newer car (and your lender may require it if you leased or financed).

We analyze average auto insurance premiums in New Jersey for full and minimum coverage for good drivers with good credit. We also analyzed premiums for drivers with speeding tickets, at-fault accidents, low credit, DUIs, or households with teens. Full coverage averages use the following limits:

• Bodily injury liability: $100,000 per person/$300,000 per accident
• Property damage liability: $50,000 per accident
• Personal injury protection: $15,000
• Uninsured and underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
• Comprehensive and collision: $500 deductible