If you’re a car owner in New Jersey and still trying to figure out the best car insurance in NJ, you will find the answers as we delve deeper into this article.
Popularly known as the Garden State, New Jersey is one of the smallest states by land area and one of the most populous states in the United States of America.
As of 2021, it had a population of 9.3 million residents in the state, with many of the population being car owners.
Due to the population in the Garden State, car insurance rates are quite high. However, there are still companies with the best car insurance rates in New Jersey.
As a vehicle owner, you should know that insuring your vehicle is as important as the vehicle itself. That’s why we decided to show you the best car insurance in New Jersey.
Meanwhile, keep in mind that the rates of each insurer differ. So before you decide to purchase one, do well to compare the costs from other insurers.
According to a survey carried out in 2021, the average rate for full coverage car insurance in New Jersey is $1,757 per year.
Additionally, if you’re someone who prefers quality even though you might be working with a certain budget, you might also want to take a look at some of the best car insurance in NJ.
If you’re such a person, then sit back and enjoy this premium article.
Table of contents
What is the Average Car Insurance Cost in New Jersey
According to research that was done in 2021, the average full coverage car insurance cost in New Jersey is $1,757 annually while the rate for minimum coverage is $847 annually.
You may ask, why is New Jersey car insurance so expensive?
Although the rate is quite higher than the national average, it is cheaper than the average of some states.
Moreover, the rates are likely to increase. This is due to the large number of car users in the state. Hence, accidents are likely to occur.
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How Can I Find The Best Car Insurance in New Jersey?
Although there are many car insurances in New Jersey, not all of them will work for you. You might want to work with a certain budget, or you may need cheaper car insurance.
Some other person might want the best of all regardless of the cost. All these and other factors are things you should consider before purchasing auto insurance.
Below are some things you should also put into consideration, as they will help you find the best car insurance in NJ.
- Examine your personal needs.
- Consider New Jersey’s minimum insurance requirements.
- If you have a lease or a loan on your car, then put into consideration the lender requirements.
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11 Best Car Insurance in New Jersey
Having said that the Garden State is one of the most populous states in the U.S. with many people hitting the road daily, purchasing car insurance coverage is very paramount.
Check out the best car insurance companies in New Jersey.
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1. Geico
The first company on our list of the best car insurance in NJ is Geico.
As one of the top insurance companies in New Jersey, Geico offers a mouthwatering discount, making its average full coverage rate less expensive than New Jersey’s actual average. This makes it one of the cheapest car insurance in the Garden State.
The company also runs an insurance program called DriveEasy. This program is available for drivers in New Jersey, and if they drive safely, they will be given discounts on their premium purchases.
Geico also has an app that allows you to make cash transactions, check your ID cards, claim documents, call for roadside services and ask for a policy change.
Although the company offers several coverage options like roadside service, automatic breakdown, and car rental repayment, their coverage options are not as many as their competitors and that is why you may find it daunting to personalize policy.
Geico’s average annual full coverage premium rate is $1,316.
Check Also: 10 Best Cheap Car Insurance in New York (NY) | 2023
2. State Farm
Next on our entry is State Farm. On our list, State Farm is also one of the best car insurance companies in New Jersey.
Meanwhile, if you are working with a certain budget, you should also consider using State Farm.
With an annual average full coverage rate of $1,244 which is way more economical than New Jersey’s average rate, the company offers travel fee coverage, emergency roadside services, rideshare, and car rental coverage.
New Jersey has many local agencies and State Farm sells its coverage through these agencies. According to AM Best, the company has earned an A++ financial strength rating.
See Review of Allstate vs State Farm: Which Should You Use?
3. Progressive Car Insurance
Progressive is mainly meant for people who are looking for personalized coverage. If you fall into this category, then consider taking up car insurance with Progressive. The company runs a usage-based insurance program called Snapshot®.
This program is available for New Jersey drivers and their car insurance rate is determined by how safely they drive.
At Progressive, there are so many car insurance discounts for drivers and they offer a low average cost for auto insurance too.
However, this is particularly for drivers that have poor credit. Progressive has an annual average full coverage premium rate of $1,469.
Apart from offering discounts to drivers, they give you discounts to reduce the cost of your premium. These discounts include savings for homeowners, good students, teen drivers, and safe drivers.
It is worthy to note that Progressive has many coverage types, these include car rental reimbursement, rideshare coverage, roadside assistance, custom parts and equipment, lease or loan payoff, and gap insurance.
According to AM Best, Progressive has earned an A+ financial strength rating and an A+ from BBB.
4. New Jersey Manufacturers (NJM)
NJM Insurance provides auto insurance in Pennsylvania, Connecticut, Ohio, Maryland, and New Jersey.
In addition to being part of the best car insurance in NJ, it’s one company that has the best car insurance rates in New Jersey.
With as low as $1,271, you can get an average annual full coverage premium at NJM insurance. NJM sits at the top due to the good customer satisfaction ratings it received.
Transportation costs, roadside services, gap insurance, and rideshare coverage are some of the coverage types offered by NJM.
The company also offers discounts to New Jersey drivers to help reduce their insurance premiums.
They can enjoy these discounts by joining homeowners insurance, becoming good students, and getting a multi-car discount.
5. Allstate Insurance
Allstate Insurance provides discounts to New Jersey motorists. An example of these discounts is the DriveWise telematics program.
With this program, drivers can learn how to drive safely. This insurer has an average annual full coverage premium of $1,686, however, this is still cheaper than the actual New Jersey average.
Some of its coverage include roadside service, sound system coverage, and equipment coverage to help you personalize policy.
6. Travelers
The sixth name on our list of the best car insurance in New Jersey is Travelers.
Among the several coverages that Travelers offer are rideshare coverage, gap insurance, accident forgiveness, and new car replacement.
As a motorist in New Jersey, you can choose from any of the coverages they offer. From the AM Best reports, Travelers have an A++ financial strength.
7. USAA Auto Insurance
USAA stands for United Services Automobile Association.
Basically, USAA is an insurer that provides affordable coverage to New Jersey drivers.
This made the company stand out in the AM Best reports, with a financial rating of A++.
As a military member or USAA member who has homeowner or car insurance, the USAA insurance is accessible to you and can be passed down to your children and grandchildren.
8. Selective Insurance
Selective Insurance offers you the Selective Edge® personal auto-insurance, personal automobile insurance, and exclusive discounts.
The personal automobile insurance is optional coverage and the personal auto insurance allows vehicle owners in New Jersey to insure vehicles like SUVs, trucks, and autos when an accident occurs.
The types of coverage available in Selective Edge® include roadside assistance, pet injury coverage, key replacement, etc. This insurer also provides you with discounts if you qualify for any of their auto insurance discounts.
However, you can qualify if you have a homeowner policy with the company, if you have a commercial vehicle that is insured, etc.
9. Plymouth Rock Insurance
Plymouth Rock is a regional insurance provider with offices in Connecticut, Massachusetts, New Hampshire, New Jersey, Pennsylvania, and New York.
Basically, Plymouth Rock does not only provide car insurance services, they also provide home insurance services.
An interesting thing you might want to know about Plymouth Rock Insurance is that there are a lot of discounts accessible regardless of your age group.
Interestingly, with $959 you can get a full annual car insurance coverage, and with $339 you can get a minimum auto insurance coverage, all at Plymouth Rock Insurance.
10. Amica Auto Insurance
As a mutual insurance company (owned by its policyholders), Amica does not only provide auto insurance coverage, it provides homeowners insurance coverage and life insurance as well.
The company is top-rated due to its satisfactory customer service. Amica Auto Insurance coverage comes in two types, standard insurance coverage, and Platinum insurance coverage.
Platinum insurance offers you coverage options like car replacement coverage and many others.
Amica also has an app for Android and iPhone, the app allows you to view your ID cards, transact payments, call for roadside assistance, as well as go through your policies.
11. Penn National Insurance
Penn national insurance may have not occupied the number one position on our list of the best car insurance in New Jersey, but it has very nice coverage options and satisfactory financial ratings.
Some of its standard coverage includes collision coverage, medical payments coverage, injury protection coverage, liability car insurance, and much more.
Just like Amica, Penn National Insurance is a mutual insurance company too. Tennessee, Maryland, New Jersey, Pennsylvania, Virginia, and North Carolina are locations where Penn National Insurance operates.
Meanwhile, apart from offering auto insurance services, the company also offers compensation insurance for workers and commercials in the locations where it operates and in South Carolina, Alabama, and Delaware.
Frequently Asked Questions
There’s no particular insurance company in New Jersey that has the best car insurance rates. It all depends on what you want and your budget. All you need to do is find out what you want and create a budget around it, then insurance agents can help you choose the auto insurance that suits your needs and your budget.
Yes. New Jersey is a no-fault state for car insurance. As a New Jersey driver if you get involved in an accident, you will pay for the medical bills of the injuries you sustain and that of the passengers in your car using your personal injury protection coverage. It doesn’t matter who caused the accident.
There’s no particular type of car that requires insurance in New Jersey. All cars in New Jersey must be insured. So long as you will register the car with Garden State, you must purchase auto insurance before registration.
As a driver in New Jersey, you must buy a car insurance policy to drive legally. Depending on what you need, you can choose either a basic policy or a standard policy. If you fail to buy car insurance, you will be liable to pay fines, and your license could be suspended, and if you get involved in an accident, you will pay for the entire medical costs and damages incurred from your pocket.
You must purchase car insurance before registering your car in New Jersey.
Conclusion
From our list of best car insurance in NJ, Geico happens to be the overall best, followed by State Farm, Progressive, Allstate, Travelers, NJM insurance, and USAA.
As a state with congested roads due to its population, NJ drivers must purchase car insurance for their vehicles.
References
- usnews.com
- forbes.com
- marketwatch.com
- motor1.com
- nerdwallet.com
- valuepenguin.com
- en.m.wikipedia.org
- bankrate.com
- motor1.com
- bankrate.com
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