Best and Cheapest Car Insurance in New Jersey (Save Big With These 10 Companies in 2024)
The top picks the best and cheapest car insurance in New Jersey are USAA, Geico and Progressive. These top providers are ranked based on affordability, customer satisfaction, and comprehensive coverage options. To gain further insights, consult our comprehensive guide titled "How do you choose the best insurance company?"
Whether you're a teen, married couple, or senior driver, you'll find tailored recommendations to suit your needs. Compare quotes, explore coverage options, and discover how you can save money with the best providers in the state.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | $39 | A++ | Military Savings | USAA |
 |
#2 | $47 | A++ | Cheap Rates | Geico |
 |
#3 | $60 | A+ | Budgeting Tools | Progressive |
 |
#4 | $73 | B | Customer Service | State Farm |
 |
#5 | $74 | A | Claims Service | American Family |
 |
#6 | $76 | A+ | Deductible Options | Nationwide |
 |
#7 | $87 | A++ | Industry Experience | Travelers |
 |
#8 | $101 | A+ | Local Agents | Allstate |
 |
#9 | $148 | A | Safe Drivers | Farmers |
 |
#10 | $178 | A | Quick Claims | Liberty Mutual |
This comprehensive guide helps you navigate through various providers, offering insights from Clearsurance customer reviews to ensure you find the best fit.
Explore your car insurance options by entering your ZIP code above and finding which companies have the lowest rates.
What You Should Know
- Find the best and cheapest car insurance in New Jersey with rates starting at $39/month
- USAA stands out for offering exceptional value and comprehensive discounts for New Jersey drivers
- Discover how driving records, age, and location affect your insurance costs in New Jersey
On this page:
- USAA: Top Overall Pick
- Geico: Best for Cheap Rates
- Progressive: Best for Budgeting Tools
- State Farm: Best for Customer Service
- American Family: Best for Claims Service
- Nationwide: Best for Deductible Options
- Travelers: Best for Industry Experience
- Allstate: Best for Local Agents
- Farmers: Best for Safe Drivers
- Liberty Mutual: Best for Quick Claims
- Comparative Analysis of Car Insurance Rates by Coverage Type
- Best Teen Car Insurance Rates in New Jersey
- Best Car Insurance Rates for Married Couples in New Jersey
- Best Senior Car Insurance Rates in New Jersey
- Car Insurance Rate by Area
- The Most Expensive Areas for Car Insurance
- Minimum Car Insurance Coverage and Limits in New Jersey
- New Jersey's Uninsured Motorist Percentage
- Understanding Car Insurance Rate Calculations in New Jersey
- Save Money on Car Insurance in New Jersey
- Ratings and Rankings for Best Car Insurance in New Jersey
- Find the Best and Cheapest Car Insurance in New Jersey
#1 – USAA: Top Overall Pick
Pros
- Military-Friendly Discounts: USAA offers extensive discounts for military members and their families, providing significant savings on car insurance in New Jersey.
- High Customer Satisfaction: USAA customer reviews highlight consistently high satisfaction ratings, thanks to outstanding service and support specifically designed for New Jersey drivers.
- Comprehensive Coverage Options: Offers a wide range of coverage options, including roadside assistance and rental car reimbursement, catering to various needs of New Jersey residents.
Cons
- Eligibility Restrictions: Only available to military members and their families, limiting accessibility for other New Jersey drivers.
- Higher Premiums for Non-Military: Non-military affiliated family members might face higher premiums compared to military personnel in New Jersey.
#2 – Geico: Best for Cheap Rates
Pros
- Affordable Rates: Geico is known for offering some of the cheapest car insurance rates in New Jersey, making it a popular choice for budget-conscious drivers.
- Extensive Discounts: Provides a wide variety of discounts, including good driver, multi-policy, and federal employee discounts, helping New Jersey residents save more.
- User-Friendly Mobile App: Geico's highly rated mobile app allows New Jersey policyholders to manage their policies, file claims, and request roadside assistance easily. Take a look at our list of the top-rated providers: Best Insurance Companies for Roadside Assistance
Cons
- Mixed Customer Service Reviews: While some New Jersey drivers report excellent service, others experience inconsistent customer support.
- Higher Rates for High-Risk Drivers: Geico may charge higher premiums for high-risk drivers, such as those with a poor driving record or recent accidents in New Jersey.
#3 – Progressive: Best for Budgeting Tools
Pros
- Affordable Rates: Progressive offers some of the most competitive rates in New Jersey, especially for drivers with a clean record.
- Comprehensive Coverage Options: Wide range of coverage options including custom parts and equipment coverage, which is beneficial for New Jersey drivers with modified vehicles.
- Mobile App: Progressive insurance customer reviews highlight the user-friendly mobile app, which simplifies policy management, claims filing, and roadside assistance for New Jersey residents.
Cons
- Customer Service: Some New Jersey customers report less satisfaction with Progressive’s customer service compared to other providers.
- Rate Increases: There can be significant rate increases after the first policy term, even for drivers with clean records.
#4 – State Farm: Best for Customer Service
Pros
- Customer Service: Known for excellent customer service, which is highly rated by New Jersey policyholders.
- Local Agents: State Farm insurance customer reviews highlight the personalized service and support provided by various local agents throughout New Jersey.
- Accident Forgiveness: State Farm offers accident forgiveness, which can prevent rates from increasing after the first accident, beneficial for New Jersey drivers.
Cons
- Higher Premiums: State Farm's premiums can be higher compared to other insurers, which may not be ideal for budget-conscious New Jersey drivers.
- Limited Discounts: Fewer discount options compared to some other insurance providers in New Jersey.
#5 – American Family: Best for Claims Service
Pros
- Strong Customer Service: American Family is known for its excellent customer service, which is highly rated by New Jersey residents.
- Comprehensive Coverage Options: Offers a wide range of coverage options, including specialty insurance that can be tailored to New Jersey drivers' needs.
- Discounts for Safe Drivers: American Family insurance customer ratings highlight significant discounts for safe drivers, especially those maintaining a clean driving record in New Jersey.
Cons
- Higher Premiums: Some New Jersey customers report higher premiums compared to other providers.
- Limited Local Agents: Fewer local agents in some areas of New Jersey, which can be inconvenient for those preferring in-person service.
#6 – Nationwide: Best for Deductible Options
Pros
- Wide Range of Discounts: Nationwide offers various discounts, including multi-policy and defensive driving course discounts, which are beneficial for New Jersey drivers.
- Strong Financial Stability: Nationwide customer reviews highlight strong financial stability, guaranteeing dependable claims payment for policyholders in New Jersey.
- Vanishing Deductible: Offers a vanishing deductible program that rewards safe driving, a popular feature among New Jersey customers.
Cons
- Limited Coverage Customization: Some New Jersey customers feel that the coverage options are less customizable compared to other providers.
- Mixed Reviews on Claims Handling: While many customers are satisfied, there are some mixed reviews about the claims handling process from New Jersey policyholders.
#7 – Travelers: Best for Industry Experience
Pros
- Extensive Experience: Travelers has over 160 years of industry experience, making it a trusted choice for car insurance in New Jersey.
- Flexible Coverage Options: Travelers Companies, Inc. customer reviews highlight the extensive coverage options available, such as accident forgiveness and new car replacement, specifically designed for New Jersey drivers.
- Discounts: Multiple discounts available, such as for good drivers, multi-policy holders, and hybrid vehicle owners, helping New Jersey residents save money.
Cons
- Higher Premiums: Some New Jersey drivers may find Travelers' premiums to be higher compared to other local insurers.
- Limited Digital Tools: The mobile app and online tools are less advanced compared to some competitors, which might be a drawback for tech-savvy New Jerseyans.
#8 – Allstate: Best for Local Agents
Pros
- Strong Local Presence: Numerous local agents in New Jersey provide personalized advice and support, making it easier for customers to get help when needed.
- Comprehensive Coverage Options: Allstate customer reviews highlight the company's extensive coverage options, including ride-sharing insurance and new car replacement, designed specifically for drivers in New Jersey.
- Discounts: Multiple discounts available, such as for good students, safe drivers, and multi-policy holders, making it easier for New Jersey residents to save.
Cons
- Higher Rates for Some: Some New Jersey drivers, especially those with poor credit or driving records, may find Allstate’s rates higher than other local options.
- Mixed Customer Service Reviews: While many New Jersey customers have positive experiences, there are some reports of dissatisfaction with customer service and claim processing.
#9 – Farmers: Best for Safe Drivers
Pros
- Comprehensive Coverage Options: Farmers offers a wide range of coverage options tailored to meet the specific needs of New Jersey drivers, including comprehensive and collision coverage.
- Local Agents: With numerous local agents across New Jersey, Farmers provides personalized service and local expertise to help policyholders navigate their insurance needs.
- Safe Driver Discounts: Farmers insurance customer reviews highlight that New Jersey drivers with a clean driving record can access substantial discounts, making it a great choice for those who drive safely.
Cons
- Higher Premiums: Some New Jersey drivers may find Farmers' premiums to be higher than those of other insurers, particularly for full coverage options.
- Limited Availability of Discounts: While Farmers offers various discounts, some may be less accessible to New Jersey drivers compared to those from other insurance providers.
#10 – Liberty Mutual: Best for Quick Claims
Pros
- Multi-Policy Discounts: Liberty Mutual insurance customer reviews highlight that New Jersey residents can save money by bundling their auto insurance with other insurance types, such as home or renters insurance.
- Mobile App: Liberty Mutual's user-friendly mobile app enables New Jersey drivers to manage their policies, file claims, and access roadside assistance with ease.
- New Car Replacement: Liberty Mutual provides new car replacement coverage, ensuring that New Jersey drivers can replace their vehicle with a new one if it's totaled within the first year or 15,000 miles.
Cons
- Higher Rates for High-Risk Drivers: New Jersey drivers with a history of traffic violations or accidents may find Liberty Mutual's rates to be higher than those offered by other insurers.
- Mixed Customer Service Reviews: Some New Jersey policyholders have reported mixed experiences with Liberty Mutual's customer service, indicating inconsistencies in support quality.
Comparative Analysis of Car Insurance Rates by Coverage Type
This table compares minimum and full coverage car insurance costs across various insurance companies, highlighting the range of rates from budget-friendly options like USAA and Geico to higher-priced plans from Farmers and Liberty Mutual. Comparative Analysis of Car Insurance Rates by Coverage Type-Why Is Car insurance So Expensive? For additional details, explore our comprehensive resource titled "Why Is Car insurance So Expensive?"
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $101 | $157 |
| American Family | $74 | $115 |
| Farmers | $148 | $232 |
| Geico | $47 | $74 |
| Liberty Mutual | $178 | $279 |
| Nationwide | $76 | $119 |
| Progressive | $60 | $93 |
| State Farm | $73 | $113 |
| Travelers | $87 | $136 |
| USAA | $39 | $61 |
This table presents a comparison of minimum and full coverage car insurance costs among various insurance companies. Allstate offers minimum coverage for $101 and full coverage for $157, while American Family provides more affordable options at $74 for minimum and $115 for full coverage.
Farmers and Liberty Mutual have higher rates, with Farmers at $148 for minimum and $232 for full, and Liberty Mutual at $178 and $279, respectively. Geico and USAA offer the lowest rates, with Geico at $47 for minimum and $74 for full, and USAA at $39 and $61. Nationwide, Progressive, State Farm, and Travelers fall in between these extremes.
Explore the various discounts offered by leading car insurance companies in New Jersey. This table highlights the available discounts from each provider, helping you identify potential savings on your car insurance.
Best Teen Car Insurance Rates in New Jersey
Compared to their competitors, USAA offers the most affordable average car insurance rate for both male and female teen drivers in New Jersey. Rates will still be higher for teen drivers partly because they're just learning to drive. But an auto insurance quote can build in things like good student discounts. You can also decide what you want beyond basic property damage and bodily injury liability coverage.
The table below provides a comprehensive comparison of the monthly car insurance rates from various providers for 18-year-old male and female drivers in New Jersey. This data highlights the differences in premiums based on gender, demonstrating how insurance companies evaluate risk and set prices for teenage drivers. The table includes rates from well-known insurance companies, giving a clear picture of the potential costs young drivers might face.
| Insurance Company | Female (Age 18) | Male (Age 18) |
|---|---|---|
| Allstate | $232 | $380 |
| American Family | $218 | $296 |
| Farmers | $614 | $711 |
| Geico | $106 | $107 |
| Liberty Mutual | $486 | $552 |
| Nationwide | $227 | $290 |
| Progressive | $458 | $511 |
| State Farm | $270 | $345 |
| Travelers | $209 | $235 |
| USAA | $137 | $154 |
These rates are based on profiles for 18-year-old male and female drivers in New Jersey. The car used was a 2015 Honda Civic EX. We used the minimum car insurance state limits. The rates displayed should only be used for comparative purposes as individual rates in New Jersey will differ. Rate data is provided by Quadrant Information Services.
Best Car Insurance Rates for Married Couples in New Jersey
Out of the largest companies in New Jersey, USAA offers the cheapest average car insurance rates for married couples in New Jersey. Allstate offers many insurance products. So you can also shop for homeowners, renters, and other policies to protect your belongings in the event of a disaster. USAA offers comprehensive coverage in many areas of insurance. Check out our ranking of the top providers: The Cheapest and Best Homeowners Insurance Companies as Rated by Customers
Married couples are often seen as more stable in insurance terms, and they're more likely to qualify for things like multi-car and multi-policy discounts. Below is a table that displays New Jersey car insurance rates for a married couple with two cars on a policy from the five largest companies in the state.
This table presents the monthly car insurance rates for married couples in New Jersey, considering various insurance companies. The rates are tailored to reflect the specific factors of married couples, providing a comparative view of the costs from different insurers to help identify the most affordable options.
| Insurance Company | Rates |
|---|---|
| Allstate | $125 |
| American Family | $92 |
| Farmers | $187 |
| Geico | $62 |
| Liberty Mutual | $225 |
| Nationwide | $98 |
| Progressive | $77 |
| State Farm | $95 |
| Travelers | $90 |
| USAA | $57 |
These rates are based on a 35-year-old married couple with two drivers and two vehicles on a policy. The cars used were two 2015 Toyota Highlander LEs. Full coverage was used with 100/300/50 policy limits and a $500 collision and comprehensive deductible. The drivers had 1 driving incident within the past 3 years and they both have a good credit score. The rates displayed should only be used for comparative purposes as individual coverage per person in New Jersey will differ. Rate data is provided by Quadrant Information Services.
Best Senior Car Insurance Rates in New Jersey
Among the largest companies in New Jersey, USAA provides the cheapest car insurance rates for male and female senior drivers in New Jersey. Senior drivers enjoy the benefit of more experience and discounts meant for drivers 65+. Some companies even cater specifically to the 65+ crowd with optional coverages, affordable prices, and more.
Below you can take a look at average New Jersey car insurance rates for male and female senior drivers for the five largest companies in the state. To learn more, explore our comprehensive resource on insurance titled "Ways to Save on Senior Driver Car Insurance."
The table below details the monthly car insurance rates for seniors in New Jersey, specifically focusing on 65-year-old male and female drivers. This data provides a comparison of costs from different insurance companies, highlighting how premiums vary based on gender and provider. The information aims to assist seniors in making informed decisions about their car insurance options, ensuring they find the best rates available.
| Insurance Company | Female (Age 65) | Male (Age 65) |
|---|---|---|
| Allstate | $100 | $99 |
| American Family | $72 | $72 |
| Farmers | $145 | $146 |
| Geico | $48 | $47 |
| Liberty Mutual | $175 | $175 |
| Nationwide | $74 | $75 |
| Progressive | $64 | $59 |
| State Farm | $71 | $71 |
| Travelers | $88 | $86 |
| USAA | $39 | $39 |
These rates are based on profiles for 65-year-old male and female drivers. The car used for each was a 2015 Toyota Camry LE. Full coverage was used with 100/300/50 coverage limits and a $500 collision and comprehensive deductible. The drivers had zero incidents within the past three years and a good credit score. The rates displayed should only be used for comparative purposes as protection per person in New Jersey will differ. Rate data is provided by Quadrant Information Services.
Car Insurance Rate by Area
The state you live in affects your car insurance rates, but did you know the area within the state that you live in also matters? Location is a factor that determines auto coverage rates regardless of the coverage option you choose. To delve deeper, refer to our in-depth report titled "Top Ways Customers Have Saved Money on Car Insurance Rates."
The frequency of criminal activity and car accidents can vary by zip code, and these are just a couple of the things that affect the lowest rates for auto insurance.
The table below provides a comparison of monthly car insurance rates for various cities, taking into account key demographics such as age, gender, driving history, and residential location. These factors play a significant role in determining the cost of car insurance premiums, reflecting the risk associated with insuring drivers in each area.
| City | Rates |
|---|---|
| Brookside | $153 |
| Morristown | $154 |
| Convent Station | $154 |
| Randolph | $154 |
| Mount Freedom | $154 |
| Cedar Knolls | $155 |
| Morris Plains | $155 |
| Whippany | $155 |
| Madison | $155 |
| New Vernon | $155 |
These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 coverage limits and a $500 collision and comprehensive deductible. The driver had 1 driving incident within the past 3 years and had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in New Jersey will differ. Rate data is provided by Quadrant Information Services.
The Most Expensive Areas for Car Insurance
On average, the most expensive policies in New Jersey can be found in Newark. In the table below, you can see the top 10 most expensive areas in New Jersey for car insurance based on average auto insurance rates for single adults. For a thorough understanding, refer to our detailed analysis titled "Will My Insurance Policy Cover My Claim."
The table presents monthly car insurance rates in various cities, specifically focusing on the most expensive areas for car insurance. It highlights how geographic location influences premium costs, with rates compared across different cities. Key demographics considered in determining these rates include population density, average income levels, crime rates, and local traffic conditions.
| City | Rates |
|---|---|
| Newark | $282 |
| Irvington | $282 |
| Orange | $279 |
| East Orange | $279 |
| Passaic | $276 |
| Paterson | $275 |
| Elizabethport | $273 |
| Elizabeth | $273 |
| Camden | $272 |
| North Bergen | $271 |
These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had 1 driving incident within the past 3 years and had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in New Jersey will differ. Rate data is provided by Quadrant Information Services.
Minimum Car Insurance Coverage and Limits in New Jersey
Most states outline the limits needed for minimum liability coverage as a legal driver, but New Jersey handles things a little differently. It offers two auto insurance policy options for drivers: basic coverage and standard coverage. Basic is the cheaper option, but it also provides drivers with significantly less coverage and choices than a standard policy.
The basic policy comes with the set minimum liability limits, while a driver who selects a standard policy can select the minimum limits of a standard policy or opt for higher limits. Drivers should also include adding additional coverage to their auto policy. Some options to consider are collision coverage, underinsured motorist coverage, and uninsured motorist coverage.
The basic policy also doesn't come with bodily injury liability, though policyholders have the option to purchase $10,000 of bodily injury coverage. Bodily injury liability provides coverage for injuries sustained by the other vehicle's driver and passengers if you are held responsible for an accident. This coverage also kicks in to defend you in the event of any legal insurance claims.
Another key difference between basic and standard is your right to sue if you are injured in a car accident. With a basic policy, you automatically have what New Jersey calls a “limited right to sue.” This means that you only can sue a driver who caused a car accident that resulted in one of the following permanent injuries: loss of a body part, significant disfigurement or significant scarring, displaced fractures, loss of a fetus, permanent injury, or death.
If you have a standard policy, you have the option to select “unlimited right to sue.” With this option, “you retain the right to sue the person who caused an auto accident for pain and suffering for any injury,” according to New Jersey’s state insurance website. Drivers who select either policy have the option to obtain comprehensive insurance and/or collision insurance coverage.
New Jersey state minimum requirements:
Here is a list of New Jersey's minimum coverage requirements:
- Bodily Injury Liability: $25,000 per person and $50,000 per accident
- Property Damage Liability: $25,000 per accident
- Uninsured/Underinsured Motorist Coverage: $25,000 per person and $50,000 per accident for bodily injury; $25,000 per accident for property damage.
Property damage liability provides coverage in the event you damage someone else's property in a car accident, most commonly the other vehicle, but also things like a home or fence.
Personal injury protection (PIP) covers you for any injuries that you or someone else covered by your policy sustains in a car accident. If you have health insurance that covers injuries in a car accident, you can select your health insurance to be your primary insurance over PIP, which would help you save on premiums.
The severe injuries coverage in both policies is for “permanent or significant brain injury, spinal cord injury or disfigurement, or for medically necessary treatment of other permanent or significant injuries rendered at a trauma center or acute care hospital immediately following an accident and until the patient is stable, no longer requires critical care and can be transferred to another facility in the judgment of the physician,” according to New Jersey’s state insurance website.
New Jersey's Uninsured Motorist Percentage
If you have a standard policy, you can opt for uninsured motorist coverage. This offers you protection in the event you are involved in an accident with a driver who either doesn't have insurance or doesn't have enough coverage. If you do select the coverage, you may select limits up to your liability coverage.
Understanding Car Insurance Rate Calculations in New Jersey
When searching and comparing quotes from the best auto insurance companies in New Jersey, it can be frustrating trying to understand how your insurance rates are calculated. While there is no exact formula that each car insurance company uses when providing you a quote, there are many factors that do contribute to the price you pay for your policy. Among the factors that car insurers consider are:
- Driving Record & Mileage (drivers who keep a clean driving record pay less in insurance)
- Age, Gender, & Marital Status
- Your Car’s Make, Model, and Year
- Location
- Amount of Car Insurance Coverage
One of the biggest misunderstandings when it comes to insurance rates is that the history of drivers in your area also contributes to how much you pay. For instance, those with a clean driving record or who have gone two years without an accident may find that if there were a lot of accidents nearby recently, their rates might still go up. Why is that the case?
Insurance companies disperse risk across all policyholders so that when it comes time to pay a claim, they have enough money to payout. However, imagine a scenario where they only raised rates for drivers with an accident. For drivers who had an expensive claim, they simply wouldn't be able to afford the raised rates that are based on how much their insurer had to pay after an accident. So instead, companies slightly increase rates across the board to offset the costs, though of course, the at-fault driver may see a larger increase.
Save Money on Car Insurance in New Jersey
At the end of the day, we'd all like to have the best, affordable car insurance coverage from one of the best New Jersey car insurance companies. While you never want to sacrifice quality to save a couple of dollars, there are some different ways you can lower your car insurance premiums. Here are five ways you may be able to lower your car insurance rates:
- Bundle Policies
- Raise Deductibles
- Pay in Full
- Try Usage-Based Insurance
- Shop for Better Rates
With the right approach, you can enjoy comprehensive coverage and significant savings. So, start comparing today and drive with peace of mind knowing you've secured the best deal for your car insurance needs.
Ratings and Rankings for Best Car Insurance in New Jersey
Consistent with their mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Price
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better. To expand your knowledge, refer to our comprehensive handbook titled "When to File a Car Insurance Claim."
Find the Best and Cheapest Car Insurance in New Jersey
Whether you're buying your insurance directly or going through an agent, understanding the different auto insurance coverage options is a must. Do you know what is covered by comprehensive car insurance? Are you familiar with uninsured motorist coverage? Do you know how a deductible works?
This guide offers tailored recommendations for teens, married couples, and seniors, helping you compare quotes, explore coverage options, and save money. Learn about the top 10 companies, including their pros and cons, and see how rates vary by coverage type and location. To gain profound insights, consult our extensive guide titled "Ways To Get Cheap Car Insurance."
Your car insurance rates will likely increase after an at-fault accident, but you can find your cheapest coverage option by using our free quote comparison tool below today
Frequently Asked Questions
How much is car insurance in New Jersey?
Car insurance in New Jersey costs about $124 per month, according to an analysis by financial education website MoneyGeek. The national average is about $85 per month for full coverage auto insurance, so this makes New Jersey more expensive than many other states.
What is the minimum car insurance in New Jersey?
The minimum amount of New Jersey auto insurance coverage is $15,000/$30,000/$5,000. In the event of a covered accident, your limits for bodily injury are $15,000 per person, with a total maximum of $30,000 per incident. It also covers up to $5,000 for damage to another person's property.
What type of car insurance is cheapest?
Typically, fully comprehensive insurance is the least expensive, though prices are influenced by individual circumstances.
Is New Jersey car insurance high?
New Jersey has one of the highest car insurance rates in the country, study says. New Jersey has the fifth-highest annual car insurance rate in the U.S., according to MarketWatch Guides. The state with the highest average is Michigan, followed by Connecticut, New York and Florida.
What is the best car insurance for beginners?
State Farm has the best car insurance for drivers under 25. Full coverage from State Farm costs young first-time drivers around $276 per month. That's about half the average monthly rate, which is $544. This makes State Farm the best car insurance company for new drivers.
What is the best type of car insurance to get?
Fully comprehensive insurance offers the best level of protection in the event of an accident. It may cost a bit more but it could save you a fortune if the worst should happen. Comprehensive cover will pay out for accidental damage to your own car, even if it was your own fault.
What is the most basic car insurance?
You can buy many different types of car insurance policies. However, most basic car insurance includes liability protection. In fact, most states require a certain limit for these policies. They may also want you to have uninsured/underinsured protection and comprehensive coverage.
What car insurance is required in NJ?
Drivers must meet minimum coverage requirements. Every driver in New Jersey must carry a minimum amount of property damage liability personal injury protection. Drivers must carry no-fault insurance: As a no-fault state, drivers are required to carry New Jersey no-fault car insurance.
Which is the most expensive form of car insurance?
Comprehensive insurance is, in most cases, the most expensive coverage on the market.
Can you get car insurance with a probationary license in New Jersey?
New, unlicensed drivers with a learner's permit are covered under the car insurance policy of the registered vehicle owner. Once they obtain their probationary driver's license, they must be covered as a rated driver.