Car Insurance Prices in New Jersey

The Average Cost of Car Insurance in NJ

The average cost of car insurance in New Jersey is around $1,754 per year, according to the National Association of Insurance Commissioners (NAIC). This is slightly more expensive than the national average of $1,548. However, rates can vary significantly depending on where you live, your driving record, and other factors.

The Most Expensive Areas for Car Insurance in NJ

The most expensive areas for car insurance in New Jersey are in the northern part of the state. This includes cities such as Newark, Jersey City, and Paterson. The average cost of car insurance in these areas is around $2,200 per year. This is significantly more expensive than the state average.

The Least Expensive Areas for Car Insurance in NJ

The least expensive areas for car insurance in New Jersey are in the southern part of the state. This includes cities such as Atlantic City, Vineland, and Cape May. The average cost of car insurance in these areas is around $1,200 per year. This is significantly less expensive than the state average.

Factors That Affect Car Insurance Rates in NJ

There are several factors that can affect car insurance rates in New Jersey. These include your driving record, your credit score, the type of vehicle you drive, the area you live in, and the amount of coverage you purchase. Additionally, some insurance companies may offer discounts if you have multiple vehicles on the same policy, or if you have a good driving record.

How to Get the Best Rates on Car Insurance in NJ

The best way to get the best rates on car insurance in New Jersey is to shop around. Compare quotes from different companies to see which one offers the best coverage at the lowest price. Additionally, make sure to inquire about any discounts that may be available. Finally, be sure to ask about any discounts for bundling multiple vehicles on the same policy.

Conclusion

Car insurance rates in New Jersey can vary significantly depending on where you live, your driving record, and other factors. The average cost of car insurance in the state is around $1,754 per year. However, the most expensive areas are in the northern part of the state, while the least expensive areas are in the southern part of the state. To get the best rates on car insurance in New Jersey, it is important to shop around, inquire about discounts, and bundle multiple vehicles on the same policy.