Cheapest Car Insurance in New Jersey
Numbers refreshed
Where New Jersey publishes prices, insurers are ranked by price, plus ways to cut your own bill.
- $94.the average monthly cost of the legal minimum.
- 35/70/25.the minimum liability limits.
- 7th of 51.It is the seventh most expensive state, and the priciest one is 1st.
Who has the lowest price in New Jersey
New Jersey publishes no price comparison of insurers, so official figures can't rank every company there. The yearly average for the cheapest policy that meets legal limits is $1,133, roughly $94 each month (NAIC).
Get quotes from at least three insurers using the same limits and deductibles. For one driver, a regional company, a local agent and a direct writer often quote very different prices.
How to lower your bill
- Keep the state minimum only on an old car you could replace with cash: dropping collision and comprehensive saves $745 a year on the New Jersey average.
- Raise your deductible; what you save each year often beats what one claim would cost you extra.
- Ask for every discount by name: good student, multi-car, paying in full, bundling home and auto, safe-driving apps.
- Shop again when your policy renews: your rate going up doesn't mean other companies' rates went up too.
More car insurance topics in New Jersey
First written