Cheapest Car Insurance Quotes in Silver Lake

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Silver Lake Car Insurance

^$ 80

/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 Silver Lake

The car insurance rate in Silver Lake is $1622 for a six-month policy, which is $384 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $1011, making it a popular choice for budget-conscious drivers. Rates in Silver 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 Silver Lake

$1622

Avg. Car Insurance in New Jersey

$1238

National Average

$1278

Cheapest Car Insurance Companies in Silver Lake

1st place: New Jersey Manufacturers

At $1011 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 $1222 for a six-month policy, making it one of the cheapest to insure with.

3rd place: NJM

NJM offers auto insurance rates at $1237 for six months, making it the third cheapest auto insurance company in Silver Lake.

Silver Lake Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Silver Lake, NJ is New Jersey Manufacturers, offering policies at just $1011 for a six-month term. This is followed by New Jersey Skylands Insurance, which has an average six-month premium of $1222.

At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $2700 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Silver Lake drivers find the best deals.

Cheap Car Insurance Companies in Silver Lake, NJ

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Manufacturers	$1011	$169
New Jersey Skylands Insurance	$1222	$208
NJM	$1237	$208
Plymouth Rock	$1347	$227
Progressive	$1416	$238
Travelers	$1509	$254
Amica Mutual	$1712	$286
Allstate	$1766	$297
State Farm	$1906	$321
Selective	$2015	$339
Farmers	$2700	$451

Key Takeaways

Way's key takeaways about car insurance in Silver Lake

The auto insurance costs in Silver Lake fall around $1011 for six months.
The cheapest auto insurance company in Silver Lake is New Jersey Manufacturers.
Teen drivers pay the highest rate in Silver Lake at $1370 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 Silver 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 Silver Lake are given below.

New Jersey Manufacturers provides the cheapest minimum car insurance coverage in Silver Lake. Their Average 6 Month Premium is $466. Farmers is the most expensive at $1347 for the same period.

Cheapest Liability Coverage in Silver Lake, NJ

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Manufacturers	$466	$80
Plymouth Rock	$630	$106
NJM	$646	$109
New Jersey Skylands Insurance	$685	$114
Amica Mutual	$701	$119
Amica	$802	$134
Progressive	$802	$135
Travelers	$825	$139
State Farm	$863	$145
Allstate	$958	$161
Selective	$1066	$179
Farmers	$1347	$224

Cheapest Full Coverage Car Insurance in Silver 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 Silver Lake is New Jersey Manufacturers at $169 per month and $1011 for six months.

Cheapest Full Coverage Car Insurance Quotes in Silver Lake, NJ

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Manufacturers	$1011	$169
New Jersey Skylands Insurance	$1222	$208
NJM	$1237	$208
Plymouth Rock	$1347	$227
Progressive	$1416	$238
Travelers	$1509	$254
Amica Mutual	$1712	$286
Allstate	$1766	$297
State Farm	$1906	$321
Selective	$2015	$339
Farmers	$2700	$451

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Average Car Insurance in Silver 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 Silver Lake, NJ increasing?

Despite maintaining a clean driving record, your car insurance rates in Silver 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, Silver 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 Silver 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	$1005
30s	NJM	$781
40s	NJM	$723
50s	NJM	$667
60s	NJM	$614

Cheapest Car Insurance Rates for Teen Drivers in Silver 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 Silver Lake at $119 per month. At $8062 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	$701	$119
NJM	$1400	$236
New Jersey Manufacturers	$2319	$394
Travelers	$3268	$550
Selective	$3541	$596
Plymouth Rock	$3673	$618
Amica Mutual	$4100	$697
Allstate	$4451	$749
Progressive	$4497	$757
State Farm	$5330	$897
Farmers	$8062	$1370

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 Silver Lake.

As young drivers face the highest rates in Silver Lake, NJM offers the cheapest auto insurance rates at $1005 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 Silver Lake, Amica Mutual is the cheapest car insurance provider. At $855 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 Silver Lake is State Farm, offering rates of around $9470 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Amica Mutual	$855	$145
New Jersey Skylands Insurance	$1074	$179
Foremost	$1199	$204
NJM	$1501	$253
Progressive	$1930	$325
Plymouth Rock	$1993	$335
Farmers	$3579	$609
Selective	$4140	$690
Travelers	$4420	$752
Allstate	$4630	$772
State Farm	$9470	$1610

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Car Insurance Rates with An Accident in Silver 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 Silver Lake, NJ, accidents can lead to significant hikes in your premiums.

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

The cheapest car insurance companies after an at-fault accident in Silver Lake include New Jersey Skylands Insurance and NJM, offering $825 and $879, respectively. Farmers is an expensive provider with an average six-month premium of $5230.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
New Jersey Skylands Insurance	$825	$138
NJM	$879	$148
New Jersey Manufacturers	$1066	$178
Plymouth Rock	$1112	$187
Amica Mutual	$1323	$223
Progressive	$1860	$313
Selective	$2522	$424
Travelers	$2583	$435
State Farm	$2988	$503
Allstate	$4669	$786
Farmers	$5230	$871

Silver Lake Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Silver Lake NJ. For example, the car insurance in Silver Lake after a DUI increases to $1651 for a six month policy. While the rate increases by $227 for a six-month policy in the case of a speeding ticket.

Silver Lake auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1517	$253
One Med/PIP claim	$1525	$259
Not-at-fault accident	$1596	$266
One comp claim	$1611	$274
Two Med/PIP claims	$1619	$270
Speeding 6 - 10 MPH over limit	$1744	$296
Speeding 11 - 15 MPH over limit	$1751	$292
Two comp claims	$1751	$297
Failure to show documents	$1774	$296
At-fault accident - less than $1000	$1797	$305
Failure to wear a seat belt	$1821	$304
Driving too slowly	$1829	$310
Driving without lights	$1837	$307
Child safety restraint	$1868	$317
Driving with expired registration	$1868	$312
Wrong way/wrong lane	$1898	$322
Failure to yield	$1906	$318
Failure to stop at a red light	$1914	$325
Illegal turn	$1945	$325
Cell phone violation	$1969	$335
Texting while driving	$1969	$328
Speeding in school zone	$2000	$341
Operating a vehicle without permission	$2008	$334
Speeding 16 - 20 MPH over limit	$2008	$342
Improper passing	$2054	$342
Following too closely	$2062	$351
Passing school bus	$2147	$358
In 65 MPH zone	$2163	$368
Speeding 21 - 25 MPH over limit	$2234	$372
At-fault accident - $1000-$2000	$2295	$390
At-fault accident - greater than $2000	$2311	$385
Open container	$2583	$439
Reckless driving	$3027	$504
Leaving scene of an accident/hit and run	$3144	$534
DUI	$3168	$528
Refusal to submit to a chemical test	$3168	$538
Racing	$3175	$529
Driving with a suspended license	$3300	$561

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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 Silver 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 Silver Lake.

The cheapest car insurance premiums in Silver Lake are offered by Plymouth Rock at $958 for a six-month policy. However, it can be as expensive as $7151 with companies like State Farm.

Silver Lake car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Plymouth Rock	$958	$161
Foremost	$1051	$176
NJM	$1058	$178
Mercury	$1214	$202
New Jersey Manufacturers	$1307	$223
Progressive	$1331	$224
Travelers	$2008	$338
Allstate	$2404	$405
Selective	$2957	$498
Farmers	$3409	$569
Amica Mutual	$6762	$1150
State Farm	$7151	$1204

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 Silver Lake are offered by Plymouth Rock at $887. However, it can be as expensive as $4576 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Silver Lake after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Plymouth Rock	$887	$149
NJM	$1128	$190
Progressive	$1556	$262
Selective	$2241	$373
State Farm	$2272	$386
Travelers	$2607	$435
Allstate	$3798	$646
Farmers	$4576	$762

Car Insurance Price Trends in Silver Lake, New Jersey

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

The average cost of full coverage in the Silver Lake rose by $380 in January compared to $322 of December. In other words, there has been an increase by $58 when you compare January and December.

The average cost of liability insurance in the Silver Lake rose to $127 in January, compared to $113 in December. This represents an increase of $14 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Silver Lake?

The car insurance in Silver Lake is $80 per month, which is lower than the national average.

What is the cheapest car insurance in Silver Lake?

The cheapest car insurance in Silver Lake is $169 per month for full coverage.

How much is car insurance in Silver Lake for teenagers?

Car insurance for teenagers costs $701 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 Silver Lake?

The average cost of car insurance is $1238 for a six-month policy. It will cost around $272 per month to insure your car in Silver Lake.

Is car insurance expensive in Silver Lake?

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

Cheapest Car Insurance Quotes in Silver Lake

Why you can trust Way?

How Much Is Car Insurance in Silver Lake

Avg. Car Insurance in Silver Lake

Avg. Car Insurance in New Jersey

National Average

Cheapest Car Insurance Companies in Silver Lake

1st place: New Jersey Manufacturers

2nd place: New Jersey Skylands Insurance

3rd place: NJM

Silver Lake Car Insurance Rates by Company

Cheap Car Insurance Companies in Silver Lake, NJ

Way's key takeaways about car insurance in Silver Lake

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Silver Lake

Cheapest Liability Coverage in Silver Lake, NJ

Cheapest Full Coverage Car Insurance in Silver Lake

Cheapest Full Coverage Car Insurance Quotes in Silver Lake, NJ

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Silver Lake by Rating Factor

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

Car Insurance Premiums by Age in Silver Lake

Cheapest Car Insurance Companies Based on Age Group

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

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

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

Silver Lake Car Insurance Rates by Violation

Silver Lake auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Silver Lake after a DUI

Silver Lake car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Silver Lake after Speeding ticket

Car Insurance Price Trends in Silver Lake, New Jersey

Average Car Insurance Cost in Silver Lake by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

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