Cheapest Car Insurance Quotes in Budd Lake

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Budd Lake Car Insurance

^$ 54

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Budd Lake

The car insurance rate in Budd Lake is $1102 for a six-month policy, which is $136 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $687, making it a popular choice for budget-conscious drivers. Rates in Budd Lake can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Budd Lake

$1102

Avg. Car Insurance in New Jersey

$1238

National Average

$1278

Cheapest Car Insurance Companies in Budd Lake

1st place: New Jersey Manufacturers

At $687 for a six month policy, New Jersey Manufacturers offers the cheapest auto insurance rates in the city.

2nd place: New Jersey Skylands Insurance

New Jersey Skylands Insurance offers auto insurance rates at $830 for a six-month policy, making it one of the cheapest to insure with.

3rd place: NJM

NJM offers auto insurance rates at $840 for six months, making it the third cheapest auto insurance company in Budd Lake.

Budd Lake Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Budd Lake, NJ is New Jersey Manufacturers, offering policies at just $687 for a six-month term. This is followed by New Jersey Skylands Insurance, which has an average six-month premium of $830.

At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $1834 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Budd Lake drivers find the best deals.

Cheap Car Insurance Companies in Budd Lake, NJ

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Manufacturers	$687	$115
New Jersey Skylands Insurance	$830	$142
NJM	$840	$142
Plymouth Rock	$915	$154
Progressive	$962	$162
Travelers	$1025	$173
Amica Mutual	$1163	$194
Allstate	$1200	$202
State Farm	$1295	$218
Selective	$1369	$231
Farmers	$1834	$306

Key Takeaways

Way's key takeaways about car insurance in Budd Lake

The auto insurance costs in Budd Lake fall around $687 for six months.
The cheapest auto insurance company in Budd Lake is New Jersey Manufacturers.
Teen drivers pay the highest rate in Budd Lake at $931 per month.

High Rates Shouldn’t Drive You Out of Pocket.

Save up to $971/yr with our auto insurance quotes

Cheapest Minimum Liability Car Insurance in Budd Lake

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Budd Lake are given below.

New Jersey Manufacturers provides the cheapest minimum car insurance coverage in Budd Lake. Their Average 6 Month Premium is $317. Farmers is the most expensive at $915 for the same period.

Cheapest Liability Coverage in Budd Lake, NJ

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Manufacturers	$317	$54
Plymouth Rock	$428	$72
NJM	$439	$74
New Jersey Skylands Insurance	$465	$77
Amica Mutual	$476	$81
Amica	$545	$91
Progressive	$545	$92
Travelers	$561	$94
State Farm	$587	$99
Allstate	$651	$109
Selective	$724	$122
Farmers	$915	$152

Cheapest Full Coverage Car Insurance in Budd Lake

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Budd Lake is New Jersey Manufacturers at $115 per month and $687 for six months.

Cheapest Full Coverage Car Insurance Quotes in Budd Lake, NJ

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Manufacturers	$687	$115
New Jersey Skylands Insurance	$830	$142
NJM	$840	$142
Plymouth Rock	$915	$154
Progressive	$962	$162
Travelers	$1025	$173
Amica Mutual	$1163	$194
Allstate	$1200	$202
State Farm	$1295	$218
Selective	$1369	$231
Farmers	$1834	$306

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Average Car Insurance in Budd Lake by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Budd Lake, NJ increasing?

Despite maintaining a clean driving record, your car insurance rates in Budd Lake, New Jersey, may be increasing due to several external factors. New Jersey has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Budd Lake's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Budd Lake

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	NJM	$683
30s	NJM	$530
40s	NJM	$491
50s	NJM	$453
60s	NJM	$417

Cheapest Car Insurance Rates for Teen Drivers in Budd Lake,NJ

If you are planning to get a car insurance policy for your teenage dependent, New Jersey Skylands Insurance provides the cheapest car insurance in the Budd Lake at $81 per month. At $5477 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Skylands Insurance	$476	$81
NJM	$951	$160
New Jersey Manufacturers	$1575	$268
Travelers	$2221	$374
Selective	$2406	$405
Plymouth Rock	$2496	$420
Amica Mutual	$2786	$473
Allstate	$3024	$509
Progressive	$3055	$514
State Farm	$3621	$610
Farmers	$5477	$931

Teen Car Insurance Rates in NJ by Age

Way Tip

If you are in your twenties NJM is the best choice for car insurance in Budd Lake.

As young drivers face the highest rates in Budd Lake, NJM offers the cheapest auto insurance rates at $683 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Budd Lake, Amica Mutual is the cheapest car insurance provider. At $581 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Budd Lake is State Farm, offering rates of around $6434 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Amica Mutual	$581	$99
New Jersey Skylands Insurance	$730	$122
Foremost	$814	$139
NJM	$1020	$172
Progressive	$1311	$221
Plymouth Rock	$1354	$228
Farmers	$2431	$414
Selective	$2812	$469
Travelers	$3003	$511
Allstate	$3145	$524
State Farm	$6434	$1094

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Car Insurance Rates with An Accident in Budd Lake

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Budd Lake, NJ, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Budd Lake

The cheapest car insurance companies after an at-fault accident in Budd Lake include New Jersey Skylands Insurance and NJM, offering $561 and $597, respectively. Farmers is an expensive provider with an average six-month premium of $3553.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Skylands Insurance	$561	$93
NJM	$597	$101
New Jersey Manufacturers	$724	$121
Plymouth Rock	$756	$127
Amica Mutual	$899	$151
Progressive	$1264	$213
Selective	$1713	$288
Travelers	$1755	$295
State Farm	$2030	$342
Allstate	$3172	$534
Farmers	$3553	$592

Budd Lake Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Budd Lake NJ. For example, the car insurance in Budd Lake after a DUI increases to $1121 for a six month policy. While the rate increases by $154 for a six-month policy in the case of a speeding ticket.

Budd Lake auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1031	$172
One Med/PIP claim	$1036	$176
Not-at-fault accident	$1084	$181
One comp claim	$1095	$186
Two Med/PIP claims	$1100	$183
Speeding 6 - 10 MPH over limit	$1185	$201
Speeding 11 - 15 MPH over limit	$1190	$198
Two comp claims	$1190	$202
Failure to show documents	$1205	$201
At-fault accident - less than $1000	$1221	$207
Failure to wear a seat belt	$1237	$206
Driving too slowly	$1242	$211
Driving without lights	$1248	$208
Child safety restraint	$1269	$215
Driving with expired registration	$1269	$212
Wrong way/wrong lane	$1290	$219
Failure to yield	$1295	$216
Failure to stop at a red light	$1300	$221
Illegal turn	$1322	$221
Cell phone violation	$1338	$228
Texting while driving	$1338	$223
Speeding in school zone	$1359	$231
Operating a vehicle without permission	$1364	$227
Speeding 16 - 20 MPH over limit	$1364	$232
Improper passing	$1396	$232
Following too closely	$1401	$239
Passing school bus	$1459	$243
In 65 MPH zone	$1469	$250
Speeding 21 - 25 MPH over limit	$1517	$253
At-fault accident - $1000-$2000	$1559	$265
At-fault accident - greater than $2000	$1570	$262
Open container	$1755	$298
Reckless driving	$2057	$343
Leaving scene of an accident/hit and run	$2136	$363
DUI	$2152	$359
Refusal to submit to a chemical test	$2152	$366
Racing	$2157	$360
Driving with a suspended license	$2242	$381

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Budd Lake after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Budd Lake.

The cheapest car insurance premiums in Budd Lake are offered by Plymouth Rock at $651 for a six-month policy. However, it can be as expensive as $4859 with companies like State Farm.

Budd Lake car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Plymouth Rock	$651	$109
Foremost	$714	$119
NJM	$719	$121
Mercury	$825	$137
New Jersey Manufacturers	$888	$151
Progressive	$904	$152
Travelers	$1364	$230
Allstate	$1633	$275
Selective	$2009	$338
Farmers	$2316	$386
Amica Mutual	$4594	$781
State Farm	$4859	$818

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Budd Lake are offered by Plymouth Rock at $603. However, it can be as expensive as $3109 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Budd Lake after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Plymouth Rock	$603	$101
NJM	$766	$129
Progressive	$1057	$178
Selective	$1523	$254
State Farm	$1543	$263
Travelers	$1771	$295
Allstate	$2580	$439
Farmers	$3109	$518

Car Insurance Price Trends in Budd Lake, New Jersey

Car insurance rates in Budd Lake have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Budd Lake rose by $258 in January compared to $219 of December. In other words, there has been an increase by $39 when you compare January and December.

The average cost of liability insurance in the Budd Lake rose to $86 in January, compared to $77 in December. This represents an increase of $9 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Budd Lake?

The car insurance in Budd Lake is $54 per month, which is lower than the national average.

What is the cheapest car insurance in Budd Lake?

The cheapest car insurance in Budd Lake is $115 per month for full coverage.

How much is car insurance in Budd Lake for teenagers?

Car insurance for teenagers costs $476 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Budd Lake?

The average cost of car insurance is $1238 for a six-month policy. It will cost around $185 per month to insure your car in Budd Lake.

Is car insurance expensive in Budd Lake?

Car insurance can be expensive in Budd Lake if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Budd Lake can be affordable.

Cheapest Car Insurance Quotes in Budd Lake

Why you can trust Way?

How Much Is Car Insurance in Budd Lake

Avg. Car Insurance in Budd Lake

Avg. Car Insurance in New Jersey

National Average

Cheapest Car Insurance Companies in Budd Lake

1st place: New Jersey Manufacturers

2nd place: New Jersey Skylands Insurance

3rd place: NJM

Budd Lake Car Insurance Rates by Company

Cheap Car Insurance Companies in Budd Lake, NJ

Way's key takeaways about car insurance in Budd Lake

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Budd Lake

Cheapest Liability Coverage in Budd Lake, NJ

Cheapest Full Coverage Car Insurance in Budd Lake

Cheapest Full Coverage Car Insurance Quotes in Budd Lake, NJ

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Budd Lake by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Budd Lake, NJ increasing?

Car Insurance Premiums by Age in Budd Lake

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Budd Lake,NJ

If you are in your twenties NJM is the best choice for car insurance in Budd Lake.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Budd Lake

Cheapest Car Insurance Companies after an At-Fault Accident in Budd Lake

Budd Lake Car Insurance Rates by Violation

Budd Lake auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Budd Lake after a DUI

Budd Lake car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Budd Lake after Speeding ticket

Car Insurance Price Trends in Budd Lake, New Jersey

Average Car Insurance Cost in Budd Lake by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Budd Lake, NJ

Car Insurance Rates by State in the USA (2025 Update)

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