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Best car insurance in New Jersey for 2024

Updated Oct 01, 2024
Bankrate researches the best car insurance in New Jersey.
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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.

Best car insurance companies in New Jersey

The average annual premium for car insurance in New Jersey is $2,458 for full coverage and $1,008 for a minimum coverage policy. Bankrate’s insurance editorial team conducted research on the largest car insurance companies by market share in the Garden State. According to our proprietary premium data supplied by Quadrant Information Services, third-party scoring from the J.D. Power 2024 U.S. Auto Insurance Study and other important metrics, Geico, State Farm, Travelers, NJM and Selective are among the best car insurance companies in New Jersey.

You might want to consider getting quotes from the following companies if you are searching for the best auto insurance in New Jersey:

4.4
Rating: 4.4 stars out of 5
$1,851
$627
4.3
Rating: 4.3 stars out of 5
$3,216
$1,618
4.2
Rating: 4.2 stars out of 5
$1,482
$705
4.0
Rating: 4 stars out of 5
$1,590
$737
Selective
3.3
Rating: 3.3 stars out of 5
$1,526
$420

Geico

Geico

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$154/mo

Avg. full coverage premium

$1,851/yr

Customer satisfaction

647/1,000

State Farm

State Farm

4.3

Rating: 4.3 stars out of 5

Avg. full coverage premium

$268/mo

Avg. full coverage premium

$3,216/yr

Customer satisfaction

652/1,000

Travelers

Travelers

4.2

Rating: 4.2 stars out of 5

Avg. full coverage premium

$124/mo

Avg. full coverage premium

$1,482/yr

Customer satisfaction

628/1,000

NJM

NJM

4

Rating: 4 stars out of 5

Avg. full coverage premium

$132/mo

Avg. full coverage premium

$1,590/yr

Customer satisfaction

711/1,000

Selective

Selective

3.3

Rating: 3.3 stars out of 5

Avg. full coverage premium

$127/mo

Avg. full coverage premium

$1,526/yr

Customer satisfaction

Not rated

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How Bankrate chose the best car insurance companies in New Jersey

The Bankrate insurance editorial team issued Bankrate Scores to the most prominent companies that offer New Jersey auto insurance. These Scores run from 0.0 to 5.0, with 5.0 being the best score available. We formulated these Scores by first reviewing proprietary 2024 premium data provided by Quadrant Information Services. Then, we compiled third-party ratings from J.D. Power and AM Best, and considered other factors like discount offerings, coverage packages and online services. Our goal is that our holistic scoring system will help you choose the best car insurance company in New Jersey tailored to fit your specific needs.

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Why you can trust Bankrate

Read our full methodology

To help New Jersey drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

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Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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 to find the best car insurance in New Jersey

Drivers in New Jersey must maintain continuous coverage to avoid potential hefty fines and suspensions to their driver’s licenses and vehicle registrations. In addition to complying with the law, a sufficient car insurance policy could provide essential financial protection if you are involved in a car accident. Since every driver has their own needs when it comes to auto insurance, no one company will be best for all. For this reason, it may be a good idea to shop around and request quotes from multiple companies. We’ve compiled some things you might want to keep in mind while you’re shopping so that you can find auto insurance in New Jersey that fits your needs.

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Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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?

The average cost of car insurance in New Jersey is $2,458 per year for full coverage, according to data obtained from Quadrant Information Services. Minimum coverage costs an average of $1,008 each year. This means that New Jersey's minimum coverage is higher than the national average of $664, and full coverage is also above the national average of $2,388. The higher rates may be related to the high number of urban areas there are in the state, where you will often see elevated rates to reflect increased accident frequency and severity. You should keep in mind that your rates will likely differ from the averages based on your individual rating factors.

Also, compared to the rates of nearby states, New Jersey’s premiums come in below average. Take Pennsylvania, for instance. Although Pennsylvania and New Jersey are neighbors, the average cost for a full coverage policy in Pennsylvania is $2,461 per year, higher than New Jersey. New York, one of the most expensive states for car insurance in the country, is even higher, averaging a whopping $3,807 annually for full coverage.

City Avg. annual full coverage premium Avg. savings vs. state average

Estimate your car insurance cost in New Jersey

To get a clearer picture of potential car insurance expenses in New Jersey, you can utilize Bankrate’s calculator. By entering just a few personal details, you'll receive an estimate of your car insurance costs. It's important to note that this is just an estimate, not a guaranteed quote, but it serves as a valuable starting point to assist you in budgeting for your car insurance needs.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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Why we're asking
Methodology

Frequently asked questions

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46
years of industry expertise
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122
carriers reviewed
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34.5K
ZIP codes examined
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1.2M
quotes analyzed

Methodology

Bankrate utilizes Quadrant Information Services to analyze October 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and coverage levels:

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40 year old
Single male and female driver
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2022 Toyota Camry
Primary vehicle
Credit Good Icon
Good credit score
Auto Insurance Guide Icon
Clean driving record
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Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

These are sample rates and should only be used for comparative purposes. 



Written by
Ashlyn Brooks
Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.
Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute