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Average cost of car insurance in New Jersey in 2022
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The average cost of car insurance in New Jersey for full coverage is $1,891 per year, or around $158 per month, according to Bankrate’s 2022 study of quoted annual premiums. The average New Jersey cost is almost 7% higher than the national average cost of car insurance, which is $1,771 per year for 2022. Bankrate’s editorial team analyzed average rate data from Quadrant Information Services for 550 ZIP codes in the Garden State to ensure that the sample rates are as accurate as possible.
To help you understand how car insurance rates can vary, we compared costs for various New Jersey cities, and also analyzed sample rate data based on the numerous personal factors that may impact your insurance costs. These factors included the type of vehicle, driver age, gender, credit score, driving record and other related factors. If you’re looking for car insurance in New Jersey, the rates and information listed below may help you to better understand the average cost of car insurance in this state.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much is car insurance in New Jersey?
Full coverage car insurance costs an average of $1,891 per year in New Jersey. Minimum coverage costs on average $855 per year in this state, but minimum coverage car insurance also offers less financial protection. Without full coverage car insurance, there is no coverage for your own vehicle if you’re involved in an at-fault accident.
However, your rate will likely differ from the state average in New Jersey, as car insurance rates in this state are determined using several personal factors. Your premium could be higher or lower depending on your city and ZIP code, age, credit score, the type of vehicle you drive, your driving history and other factors.
Compare auto insurance rates
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
New Jersey car insurance rates
| Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|
| $855 | $1,891 |
New Jersey car insurance rates by city
Even within a state, auto insurance premiums can vary. Different cities have different average rates, and average prices can even vary by ZIP code. This can be due to several factors, including the likelihood of accidents, the cost of vehicle repairs and the price of healthcare services in your area. The following table shows the average annual full coverage premium for the 10 most populated cities in New Jersey and how those premiums compare to the state average.
New Jersey car insurance rates by company
Every auto insurance company in New Jersey has its own rating system, meaning that the premiums offered for the same coverage will typically be different. If you are shopping for auto insurance coverage, it may be a good idea to get quotes from several different providers. However, price isn’t the only factor to consider. Even if you are looking for the cheapest car insurance in New Jersey, you may still want to think about a company’s financial strength scores, customer satisfaction scores, coverage options, discounts and policy features.
| Car insurance company | Average annual premium for full coverage |
|---|---|
| All State | $1,782 |
| Amica | $1,707 |
| Geico | $1,374 |
| Mercury | $2,049 |
| NJM | $1,242 |
| Palisades | $969 |
| Progressive | $2,073 |
| Selective | $1,159 |
| State Farm | $1,531 |
| The Hanover | $4,816 |
| Travelers | $1,403 |
New Jersey car insurance rates by age
Age is one of the biggest drivers of auto insurance premiums. This is because younger drivers have less experience and tend to get into more accidents than more experienced drivers. Because of the increased risk, insurance companies usually charge younger drivers a higher premium. Premiums tend to decrease as you get older but can start to rise again around age 70. This is because older drivers may once again be at a higher-than-average risk for auto accidents.
| Age | Average annual full coverage premium in New Jersey |
|---|---|
| Age 16* | $2,353 |
| Age 18* | $6,816 |
| Age 20* | $4,221 |
| Age 25 | $2,294 |
| Age 30 | $2,023 |
| Age 40 | $1,757 |
| Age 50 | $1,689 |
| Age 60 | $1,683 |
| Age 70 | $1,785 |
*16-year-old calculated on parent’s policy; 18- and 20-year-old are renters
New Jersey car insurance rates by gender
Your New Jersey auto insurance rates will also be affected by your gender. Men statistically engage in riskier driving behaviors than women and thus typically pay higher premiums. In New Jersey, though, women pay just slightly more on average than men. This could be due to specific crash statistics on a state level.
| Average annual full coverage premium | |
|---|---|
| Male | $1,722 |
| Female | $1,793 |
New Jersey car insurance rates by credit score
In most states, including New Jersey, your credit score impacts your car insurance rates. Drivers with poor credit are statistically more likely to file claims than drivers with higher credit scores, so car insurance companies charge them more to compensate for the greater risk. In New Jersey, drivers with poor credit pay nearly 140% more for full coverage, on average, than drivers with excellent credit.
Average annual full coverage rate by credit score
| Poor | Average | Excellent | |
|---|---|---|---|
| National average | $3,002 | $1,907 | $1,556 |
| New Jersey | $3,468 | $2,087 | $1,474 |
New Jersey car insurance rates by driving record
Having tickets, accidents or DUI convictions on your driving record tends to increase your auto insurance premium. If you have a history of driving incidents, you may be viewed as a high-risk driver. Because of the increased risk of having to pay out claims, insurance companies generally increase premiums accordingly. The premiums in the table below are averages; the actual cost you’ll pay after a ticket, accident or DUI will depend on the severity of the incident, your other driving record information and additional rating factors like your age.
| Driving incident | Average annual full coverage premium in New Jersey | % increase in average annual premium |
|---|---|---|
| Clean driving record | $1,891 | 7% |
| Speeding ticket | $2,147 | 21% |
| Accident | $2,807 | 58% |
| DUI | $3,511 | 98% |
New Jersey car insurance rates by vehicle type
The make and model of the vehicle you drive also affects average car insurance rates in New Jersey. Your vehicle type can impact the statistical likelihood of crashes, the price for parts and labor, and the coverage options you may purchase.
| Vehicle | Average annual full coverage premium |
|---|---|
| Toyota Camry | $1,757 |
| Ford F-150 | $1,539 |
| Honda Odyssey | $1,534 |
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
Sample vehicle rates and age rates represent 2021 data and a 2019 Toyota Camry.
These are sample rates and should only be used for comparative purposes.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. For teens, rates were determined by adding a 16- or 17-year-old teen to a 40-year-old married couple’s policy. The rates displayed reflect the added cost to the parents’ policy. Based on quoted annual premiums, it does not appear Hawaii uses age as a contributing factor.
Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania.
Credit: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.