Cheapest car insurance companies in Newark 

According to a study by, the cheapest car insurance companies in Newark for 2023 are Travelers and Nationwide

In Newark, Travelers provides the cheapest auto insurance rates to drivers at an average annual premium of $1,647 annually

Car insurance prices in Newark can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Newark drivers.

CompaniesAverage annual rates
State Farm$2,375
American Family$3,134
Data updated in 2024
Read our full methodology

Cheapest car insurance cost in Newark by Age Group 

Nationwide offers the cheapest full coverage car insurance for teenage drivers in Newark, with an average annual cost of $5,738 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts. 

Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.

Among the carriers analyzed, Geico is the cheapest car insurance option for young drivers in Newark, at $2,627 a year for a full coverage policy.

As Newark drivers transition into their 30s, they can enjoy significantly lower auto insurance costs compared to their 20s. Travelers stands out as the cheapest car insurance option for adult drivers, with an annual premium of $1,564

If you are a senior driver in Newark and looking for a cheap car insurance company, then consider buying insurance from USAA. It is the cheapest auto insurance company for senior drivers, with an average premium of $1,561 per year

CompanyTeensYoung AdultsAdultsSeniors
State Farm$7,272$4,060$2,393$2,434
American Family$9,411$5,572$2,995$2,857
Data updated in 2024
Read our full methodology

Cheapest car insurance companies in Newark by driver profile 

Car insurance rates in Newark vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations

It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Newark that suits your budget. 

Based on data analysis by's experts, these are the cheapest car insurance companies for Newark drivers based on driver profile.

Geico is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Newark drivers is $1,824

The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores. 

CompanyAverage annual rates
State Farm$5,298
Data updated in 2024
Read our full methodology

USAA has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Newark. Its full coverage car insurance policy costs an average of $1,879 per year for drivers aged 30. 

Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors. 

Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price. 

CompanyAverage annual premium
State Farm$1,884
Data updated in 2024
Read our full methodology

USAA is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Newark is $1,711. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket. 

CompanyAverage annual rates
State Farm$2,043
Data updated in 2024
Read our full methodology

Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Newark for drivers with a DUI, with an average annual premium of $1,884.

A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.

CompanyAverage annual rates
State Farm$1,884
Data updated in 2024
Read our full methodology

Average car insurance cost in Newark 

Full coverage car insurance in Newark for a coverage limit of 100/300/100 is $2,178 per year or $182 per month, while the state minimum coverage costs an average of $874 a year.

While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.

Average annual RatesState minimum average
Data updated in 2024
Read our full methodology

Methodology commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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