Average Cost of Car Insurance in New Jersey

Your insurer, coverage level, age, driving history, and credit score are all factors that impact vehicle insurance premiums in New Jersey.

A 40-year-old driver with full coverage will pay an average of $1,492 a year, while a 25-year-old driver would pay an average of $1,677. Meanwhile, Plymouth Rock Assurance has the lowest average full coverage plan at $895 per year, while General has the lowest minimum coverage plan at $428.

Average car insurance costs by age and gender in New Jersey

In New Jersey, car insurance costs are influenced by both age and gender. On average, male drivers tend to pay slightly higher premiums compared to female drivers.

Teenagers, especially males, face the highest rates, with annual costs ranging from $2,500 to $4,000. In their early 20s to mid-30s, male drivers can expect to pay around $1,500 to $4,500, while female drivers usually pay slightly less, about $1,500 to $3,500 annually.

As drivers mature, rates tend to stabilize. Male drivers in their late 30s to early 50s typically pay around $1,000 to $1,900, while females in the same age group pay approximately $1,800 to $2,800 per year. Older drivers, both male and female, enjoy the lowest rates, with costs ranging from $700 to $1,900 for men and $1600 to $2,800 for women, typically over the age of 50.

Keep in mind that individual factors like driving history, vehicle type, and insurance provider can still influence these averages.

For Male

For Female

Average car insurance cost in New Jersey by company

In New Jersey, car insurance costs can vary significantly by insurance company. On average, annual premiums for car insurance in the state typically range from about $1,700 to $4500. Among the options, The General often offers some of the lowest rates, with average premiums on the lower end, ranging from $1,100 to $1,800. Conversely, while rates can differ based on individual factors, companies like Allstate or State farm may sometimes provide premiums on the higher end of this spectrum, averaging around $3,000 to $4,200.

Average car insurance cost in New Jersey by vehicle type

The average car insurance cost in New Jersey varies depending on the vehicle type. On average, for a standard sedan or compact car, you can expect to pay around $1,500 to $2,000 annually for car insurance. However, if you own a luxury vehicle or a sports car, the cost can be significantly higher, ranging from $2,500 to $5,000 or more per year.

Average Car Insurance Cost in Michigan for New Cars vs. Older Cars

The average car insurance costs in New Jersey for new cars tend to be higher than for older cars. New cars have a higher actual cash value, meaning they're more expensive to replace or repair in case of an accident. As a result, insurance premiums for new cars can range from $1,800 to $3,500 or more per year. In contrast, older cars typically have a lower actual cash value, leading to lower insurance costs, which may range from $1,000 to $2,000 annually.

Average Car Insurance Costs in New Jersey by City

Average car insurance costs in New Jersey can vary significantly by city. Toms River is known for having some of the highest premium rates in the state, with an average annual cost of $1,936. In contrast, cities like Trenton tend to have lower premium rates, averaging around $1,780 per year.

Average auto insurance rates for high-risk drivers in New Jersey

Average auto insurance rates for high-risk drivers in New Jersey are notably higher than those for drivers with clean records. Drivers with a DUI violation typically face the highest premium rates, with an average annual cost around $2,474 or more. Other high-risk factors may include reckless driving, at-fault accidents, or speeding

How does credit score affect car insurance rates in New Jersey?

In New Jersey, credit scores play a significant role in determining car insurance rates. Drivers with excellent credit scores often benefit from lower premiums, with potential savings upto $2000. Conversely, those with poor or fair credit may face higher rates, leading to an increase of 20% or more on average.

It's important to note that New Jersey law restricts the use of credit scores to determine insurance rates for those with outstanding credit, ensuring they receive consistent and more favorable rates regardless of their credit history.

How to save on car insurance in New Jersey?

Saving on car insurance in New Jersey can be achieved through several strategies. First, consider raising your deductible, which can lower premiums. Bundling auto and home insurance with the same provider often leads to discounts. Maintaining a good driving record and attending defensive driving courses can also reduce costs. Shop around for quotes from different insurance companies to find the best rates.

Additionally, check for available discounts, such as safe driver discounts, good student discounts, or anti-theft device discounts. Finally, reassess your coverage periodically to ensure it aligns with your current needs, as reducing unnecessary coverage can result in savings.