Cheapest car insurance companies in Newark 

After an in-depth analysis, Insurance.com found that Travelers and Nationwide are the cheapest car insurance companies in Newark for 2023. 

Travelers is the cheapest option for most Newark drivers, with an average annual rate of $1,647

The cost of car insurance in Newark varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.

Here’s a list of insurance companies offering affordable premiums to drivers in Newark.

CompaniesAverage annual rates
USAA$1,563
Travelers$1,647
Nationwide$1,695
Geico$1,856
Progressive$2,159
State Farm$2,375
Donegal$2,995
American Family$3,134

Cheapest car insurance cost in Newark by Age Group 

Nationwide is the cheapest option for car insurance in Newark for teen drivers, with average annual premiums at just $5,738 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.

Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance. 

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

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Newark is Travelers. Its average rate for a full coverage car insurance policy is $1,564 per year

USAA is the cheapest option for senior drivers in Newark, with an average premium of $1,561 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
AllstateN/A$6,678$4,709N/A
Nationwide$5,738$3,136$1,683$1,655
USAA$6,258$2,732$1,675$1,561
Geico$6,284$2,627$1,853$1,826
State Farm$7,272$4,060$2,393$2,434
Donegal$8,896$5,521$2,907$2,645
American Family$9,411$5,572$2,995$2,857
Travelers$11,101$2,778$1,564$1,640
Progressive$11,375$3,702$2,165$2,393

Cheapest car insurance companies in Newark by driver profile 

Insurers in Newark consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.

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 Insurance.com'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
Geico$1,824
Nationwide$2,387
USAA$2,653
Travelers$2,723
Progressive$3,018
State Farm$5,298
Allstate$5,698

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. 

Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.

CompanyAverage annual premium
USAA$1,879
State Farm$1,884
Travelers$2,166
Progressive$2,397
Nationwide$2,450
Geico$2,805
Allstate$4,221

Looking for affordable car insurance rates after an at-fault accident? It can be a challenge, but with comparison shopping, you might find a policy that suits your budget.

Drivers in Newark with at-fault accidents on their driving records can find the cheapest car insurance rates with USAA. Its full coverage policy costs an average of $1,711 annually.

CompanyAverage annual rates
USAA$1,711
Travelers$1,730
State Farm$2,043
Nationwide$2,527
Progressive$3,103
Geico$3,313
Allstate$6,456

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Newark. On average, its annual full coverage rate is $1,884, making it a significantly cheaper option than other insurance providers.

Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.

CompanyAverage annual rates
State Farm$1,884
USAA$2,709
Progressive$3,131
Travelers$3,285
Geico$3,541
Nationwide$3,740
Allstate$6,026

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.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState minimum average
$2,178$874

Methodology

Insurance.com 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

Insurance.com 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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