Best car insurance companies in New Jersey: New Jersey Manufacturers

New Jersey Manufacturers is the best car insurance company in New Jersey, based on a 2024 analysis by Insurance.com, with an overall rating of 4.19. Geico is the second-best auto insurance company in New Jersey, with an overall rating of 3.16.

New Jersey Manufacturers, Geico, Travelers, State Farm, and Plymouth Rock Assurance are top New Jersey auto insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

CompanyAM BestJD PowerNAICInsurance.com scoreAverage Annual Premium
New Jersey ManufacturersA+8340.144.19$1,318
GeicoA++8180.913.16$1,563
TravelersA++8220.493.02$1,706
State FarmA++8430.72.74$2,153
Plymouth Rock AssuranceA-8070.452.42$1,737
ProgressiveA+8140.652.34$2,187
FarmersA8030.82.28$2,254
AllstateA8250.652.15$2,294

Data updated in 2024
Read our full methodology

Cheapest car insurance companies in New Jersey: New Jersey Manufacturers

Based on a rate analysis by Insurance.com, New Jersey Manufacturers offers the cheapest full coverage car insurance in New Jersey with average rates of $1,318 annually or $110 a month.

Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.

We have gathered price quotes from all the major insurance providers in New Jersey and put together a list of the cheapest car insurance companies.

CompanyState minimum liability50/100/50 liability100/300/100 liability with $500 deductible
New Jersey Manufacturers$560$560$1,318
Geico$588$679$1,563
Travelers$983$1,043$1,706
Plymouth Rock Assurance$618$668$1,737
Selective Insurance$895$985$1,908
State Farm$1,089$1,186$2,153
Progressive$952$993$2,187
Farmers$1,073$1,101$2,254
Allstate$936$1,020$2,294

Data updated in 2024
Read our full methodology

Average cost of car insurance in New Jersey

The average car insurance rate in New Jersey is $1,902 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in New Jersey is $853.

Auto insurance calculator

Average auto insurance rates in New Jersey
30
16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 55 60 65 70 75
Male
Male Female
7107 - Newark
For a 30-year-old male
$97 State minimum
$229 Full coverage
$104 Liability only

Most & least expensive ZIP codes for auto insurance in New Jersey

Most Expensive

Zip CodeCityHighest Rate
07111Irvington$229
07104Newark$229
07103Newark$229
07102Newark$229

Least Expensive

Zip CodeCityLowest Rate
87300Brielle$139
87360Manasquan$139
87380Mantoloking$139
87390Normandy Beach$139
Data updated in 2024
Read our full methodology

New Jersey car insurance requirements

In New Jersey, you need a minimum of 25/50/25 liability car insurance coverage. Ohio’s state minimum liability insurance costs an average of $831 annually or $69 monthly.

Minimum liability insurance requirements for New Jersey:

  • Bodily injury liability (BI): $25,000 per person, $50,000 per accident
  • Property damage liability (PD): $25,000 per person
  • Personal injury protection (PIP): $15,000 per person
  • Uninsured/underinsured motorist bodily injury coverage: $25,000 per person, $50,000 per accident
  • Uninsured/underinsured motorist property damage coverage: $25,000 per person

Cheapest car insurance companies for minimum liability coverage in New Jersey

According to Insurance.com data, the New Jersey Manufacturers provides the cheapest state minimum liability insurance, averaging $549 annually or $46 monthly. 

Below is the list of New Jersey's most affordable car insurance companies with their state minimum coverage rates.

State minimum auto insurance coverage in New Jersey, NJ
Company Liability insurance premiumMonthly liability insurance premium
New Jersey Manufacturers$549$46
Geico$562$47
Plymouth Rock Assurance$618$52
Progressive$890$74
Selective Insurance$912$76
Allstate$917$76
Travelers$926$77
Farmers$1,070$89
State Farm$1,089$91
The Hanover$2,438$203

Data updated in 2024
Read our full methodology

Cheapest car insurance cost in New Jersey by age

company_name
Cheapest for teens
$3,384/yr
Learn more
New Jersey Manufacturers
Cheapest for adults
$1,309/yr
Learn more
New Jersey Manufacturers
Cheapest for seniors
$1,229/yr
Learn more

In New Jersey, car insurance rates are higher for teenagers as they are more prone to accidents due to their lack of experience.

Geico offers the cheapest car insurance for teen drivers in New Jersey at $3,384 per year for a full coverage policy.

Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults. 

In New Jersey, New Jersey Manufacturers offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds) at $1,309 per year and $1,229 per year, respectively. 

Compare car insurance rates by age

Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.

Age group
Teen
Age
16
Table
Graph
Geico$3,414$285
New Jersey Manufacturers$5,583$465
State Farm$5,989$499
Travelers$6,021$502
Plymouth Rock Assurance$7,090$591
Allstate$9,122$760
Selective Insurance$11,004$917
Progressive$15,724$1,310
Farmers$17,812$1,484
The Hanover$19,237$1,603
Yearly premium

Data updated in 2024
Read our full methodology

Cheapest car insurance companies in New Jersey by driver profile

NJM
Cheapest for at-fault accident
$1,430/yr
Learn more
NJM
Cheapest for DUI
$1,732/yr
Learn more
company_name
Cheapest for speeding ticket
$1,563/yr
Learn more

Drivers who have accidents or tickets are considered a higher risk and will pay more. 

However, the severity and frequency of the incidents also play a role in the insurance rates. For instance, drivers with a single minor accident will see a smaller increase in their rates compared to those with multiple major accidents.

Below are average New Jersey rates by company for drivers with accidents and tickets on their driving record. 

CompanyClean RecordAccidentSpeeding Ticket
Geico$1,563$2,197$1,563
NJM$1,318$1,430$1,732
Plymouth Rock Assurance$1,737$2,573$2,201
Travelers$1,706$2,891$2,487
Progressive$2,187$3,730$2,961
Allstate$2,294$5,169$3,264
State Farm$2,153$3,586$3,648
Farmers$2,254$4,984$3,863

Data updated in 2024
Read our full methodology

Compare auto insurance rates by city in New Jersey

Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in New Jersey.

CityAnnual insurance premium
Clifton
$2,344
East Brunswick
$1,878
Jersey City
$2,331
Data updated in 2024
Read our full methodology

Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.

That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in New Jersey have increased or decreased from 2020 to 2023.

Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.

Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.

The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets: 

Accidents: 

  • 1 at-fault property damage accident over $2k
  • 1 at-fault property damage accident under $2k
  • At-fault bodily injury accident 
  • Single vehicle accident 

Tickets: 

  • Distracted driving ticket
  • Speeding ticket 1- 10 MPH over limit 
  • Speeding ticket 11- 29 MPH over limit 
  • Talking on cellphone ticket 
  • Texting ticket 

Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.

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