Average Cost of Car Insurance in New Jersey in 2022 – Bankrate.com

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. 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.
Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs.
Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.
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The average cost of car insurance in New Jersey is $1,891 per year for full coverage, which is almost 7% higher than the national average cost of car insurance. Minimum coverage in the state is significantly more than the national average at $855 per year. However, rates vary for each individual driver based on factors like location, age, credit score (in most states) and more. The rates and information listed below may help you to better understand the average cost of car insurance in New Jersey.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. 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.
Save on auto insurance with quotes from trusted providers like
Drivers switch & save an average of $750+/year
Are you overpaying for auto insurance?
Safe drivers choose Allstate®
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. 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.
Based on 2022 average car insurance rates analyzed from Quadrant Information Services, both full and minimum coverage car insurance in New Jersey costs more than the national average. Full coverage car insurance costs an average of $1,891 per year in New Jersey. Minimum coverage costs on average $855 per year in this state, but minimum coverage car insurance also offers less financial protection. Without full coverage car insurance, there is no coverage for your own vehicle if you’re involved in an at-fault accident.
However, your rate will likely differ from the state average in New Jersey, as car insurance rates in this state are determined using several personal factors. Your premium could be higher or lower depending on your city and ZIP code, age, credit score, the type of vehicle you drive, your driving history and other factors.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. 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.
Even within a state, auto insurance premiums can vary. Different cities have different average rates, which could be higher or lower than the state average. This can be due to several factors, including the likelihood of accidents, the cost of vehicle repairs and the price of healthcare services in your area. For example, car insurance in the cities of Newark, Jersey City and Paterson cost more than the state average.
The following table shows the average annual full coverage premium for the 10 most populated cities in New Jersey and how those premiums compare to the state average.
Every auto insurance company in New Jersey has its own rating system, meaning that the premiums offered for the same coverage will typically be different. If you are shopping for auto insurance coverage, it may be a good idea to get quotes from several different providers. However, price isn’t the only factor to consider. Even if you are looking for the cheapest car insurance in New Jersey, you may still want to think about a company’s financial strength scores, customer satisfaction scores, coverage options, discounts and policy features.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. 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.
The age of a driver, as well as the number of years of driving experience they have, can be a crucial factor when car insurance companies are determining rates. Young drivers, or those who have just started driving, are statistically more likely to get into accidents or other driving-related incidents compared to older, more experienced drivers. The rates below show a variety of ages and scenarios, but all reflect drivers with a clean driving record.
Staying on a parent’s policy is ideal for young drivers who have just started driving, still live at home and drive a family car. When it comes to car insurance for teen drivers, the cost may be high, but many companies offer a variety of discounts to help. This could include a good student discount, a student away from home discount and more.
Drivers who no longer live at home and are the only registered owners of their cars are typically split into their own policy. This does make the cost of car insurance more expensive, as is evident by comparing the average rates for an 18-year-old on their own policy to an 18-year-old on their parent’s policy. However, the average car insurance rates for older drivers tend to decrease from age 25 to 60 as drivers gain more experience behind the wheel. That said, the actual rates for drivers of any age can vary significantly from year to year depending on a number of rate factors.
Having tickets, accidents or DUI convictions on your driving record tends to increase your auto insurance premium. If you have a history of driving incidents, you may be viewed as a high-risk driver. Because of the increased risk of having to pay out claims, insurance companies generally increase premiums accordingly. The premiums in the table below are averages; the actual cost you’ll pay after a ticket, accident or DUI will depend on the severity of the incident, your other driving record information and additional rating factors like your age.
The make and model of the vehicle you drive also affects average car insurance rates in New Jersey. Your vehicle type can impact the statistical likelihood of crashes, the price for parts and labor, and the coverage options you may purchase. Below is a list of vehicle types that represent a variety of lifestyles and budgets:
Saving money on car insurance could be a priority for many drivers. Below are some tips that could help you if you’re shopping for car insurance in New Jersey:

Based on Bankrate’s study of the cheapest car insurance companies in New Jersey, Selective, NJM and Geico offer some of the cheapest full coverage rates on average. NJM, Amica and Selective offer some of the cheapest minimum coverage car insurance policies on average. However, car insurance rates are calculated based on a number of different personal factors, which means they vary for each driver. It’s typically best to reach out for a personalized quote if you want to find out how much a car insurance policy with these carriers would cost.
The average cost of car insurance in New Jersey per month is $71 for minimum coverage and $148 per month for full coverage as of 2022. The amount you pay for a car insurance policy in New Jersey will likely differ from the average, though. That’s because your rate depends on several criteria, including your age, credit score, gender and claims and driving history.
How much car insurance you need in New Jersey depends on a few factors. You are required to buy at least the minimum coverage required for the Garden State to drive legally, but you may also need to meet other requirements or needs. For example, your lender will almost certainly require you to carry full coverage on your vehicle if you purchased your car with a loan. Or, you may decide to purchase higher liability limits for greater protection if you cause an at-fault accident. Other types of optional coverage may also be valuable to you, whether it’s roadside assistance, gap insurance and rental car reimbursement coverage.
Yes, New Jersey is a no-fault state, which means that you must purchase personal injury protection coverage (PIP). This coverage pays for medical bills and other qualifying expenses for you and your passengers regardless of who was at fault for an accident.
Determining the best auto insurance company in New Jersey comes down to individual preferences and needs. When choosing the best auto insurance, consider what is most important to you, such as price, coverage offerings, available discounts or customer satisfaction. The best car insurance company may not have the cheapest rates but may excel in another important area for you.
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:
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.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction.
Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Toyota Camry (base), Ford F-150 and Honda Odyssey.
Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs.
Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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