Average Full Coverage Car Insurance Cost NJ

What is Full Coverage Car Insurance?

In the United States, the term full coverage car insurance is used to describe an auto insurance policy that provides both liability coverage and collision coverage. Liability coverage protects you financially if you are found to be at fault in an accident and are responsible for property damage or injury to another party. Collision coverage pays to repair or replace your car if it is damaged in an accident with another car or object. Together, these two coverages provide the broadest protection for your vehicle.

What is the Average Cost of Full Coverage Car Insurance in NJ?

The average cost of full coverage car insurance in NJ is around $1,200 per year. This figure is based on a variety of factors such as age, driving record, type of vehicle, and more. Rates can vary significantly from one insurer to the next, so it’s important to shop around and compare quotes before making a decision.

Factors That Affect the Cost of Full Coverage Car Insurance in NJ

There are several factors that can affect the cost of car insurance in NJ. Some of the most common factors include the type of vehicle you drive, your age, your driving record, and the amount of coverage you choose.

For example, if you drive an older, less expensive car, you may qualify for a lower rate. Likewise, if you maintain a clean driving record and have not had any accidents or moving violations in the last three years, you may qualify for a discount. Your age can also affect the cost of your insurance, as younger drivers tend to pay higher rates than more experienced drivers.

How to Get the Cheapest Full Coverage Car Insurance in NJ

The best way to get the cheapest full coverage car insurance in NJ is to shop around and compare quotes from multiple insurers. Be sure to compare apples to apples, so that you are comparing the same coverage and deductibles from each insurer. Also, be sure to ask about discounts, such as a safe driver discount or a discount for bundling multiple policies.

You can also save money by raising your deductible. Raising your deductible means that you’ll have to pay more out of pocket if you do have an accident, but it can also lower your insurance premiums significantly.

Conclusion

The average cost of full coverage car insurance in NJ is around $1,200 per year. However, rates can vary significantly from one insurer to the next, so it’s important to shop around and compare quotes before making a decision. The best way to get the cheapest rate is to compare quotes from multiple insurers and ask about discounts. You can also save money by raising your deductible.