- New York vs New Jersey: Compare car insurance rates
- New York vs New Jersey: Average premium by company
- Minimum car insurance requirements: New York vs. New Jersey
- Best car insurance companies in New York and New Jersey
- New York vs New Jersey: Auto insurance trends
- New York vs. New Jersey: car insurance rates by city
- Methodology
- New York vs. New Jersey: FAQs
New York vs New Jersey: Compare car insurance rates
On average, New York car insurance averages $1,870, and coverage in New Jersey averages $1,902. However, rates depend on the type of coverage you choose.
The minimum required coverage in New York is 25/50/10 and averages $731 a year. New Jersey minimum coverage limits are 25/50/25 and costs an average of $853 a year.
When comparing 50/100/50 liability-only coverage rates, New York averages $827, and New Jersey averages $915.
We also analyzed full coverage rates based on 100/300/100 liability coverage with $500 deductibles. The full coverage rates averaged $1,870 in New York and $1,902 in New Jersey.
The table below compares average car insurance rates for minimum, liability, and full coverage in New York and New Jersey.
| State | Average annual rate | Average monthly rate |
|---|---|---|
| New Jersey | $1,902 | $159 |
| New York | $1,870 | $156 |
People ask
Is car insurance cheaper in New York than New Jersey?
Car insurance rates are cheaper on average in New York than New Jersey. However, many factors, such as age, driving record, and vehicle, are used to determine rates, so costs vary widely by driver.
New York vs New Jersey: Average premium by company
Overall, the cheapest car insurance in New York is $1,020 of Progressive, and the cheapest car insurance rate in New Jersey is $1,318 from NJM.
In New York, the next two cheapest insurance companies for full coverage are NYCM Insurance and GEICO.
In New Jersey, the next two most affordable insurance companies for full coverage are GEICO and Travelers.
This table compares top car insurance companies in New York and New Jersey.
| State | Company | Average annual rate | Average monthly rate |
|---|---|---|---|
| New Jersey | NJM | $1,318 | $110 |
| New Jersey | GEICO | $1,563 | $130 |
| New Jersey | Travelers | $1,706 | $142 |
| New Jersey | Plymouth Rock Assurance | $1,737 | $145 |
| New Jersey | Selective Insurance | $1,908 | $159 |
| New Jersey | State Farm | $2,153 | $179 |
| New Jersey | Progressive | $2,187 | $182 |
| New Jersey | Farmers | $2,254 | $188 |
| New Jersey | Allstate | $2,294 | $191 |
| New York | Progressive | $1,020 | $85 |
| New York | NYCM Insurance | $1,300 | $108 |
| New York | GEICO | $1,736 | $145 |
| New York | Erie Insurance | $1,814 | $151 |
| New York | State Farm | $1,951 | $163 |
| New York | Allstate | $2,056 | $171 |
| New York | The Hanover | $2,262 | $188 |
| New York | Travelers | $2,677 | $223 |
| New York | Chubb | $2,942 | $245 |
| New York | USAA | $1,557 | $130 |
Minimum car insurance requirements: New York vs. New Jersey
Each state determines the minimum amount of car insurance drivers must carry. The auto insurance laws in New York and New Jersey differ, and your insurance policy may need to be changed if you move from state to state.
The table below outlines the minimum car insurance requirements in New York and New Jersey.
| State | State minimum limits | Annual premium |
|---|---|---|
| New Jersey | 25/50/25 | $853 |
| New York | 25/50/10 | $731 |
Remember, minimum coverage may be insufficient because the limits are low and don't include coverage for your vehicle. To ensure you're fully protected, experts recommend adding coverage and increasing limits.
"Full coverage is physical damage coverage to your vehicle, typically requiring a deductibleThe deductible is the amount you pay out of pocket for a covered loss when you file a claim. to be met before coverage applies. It is not required by the state but is required by a financial institution if you have a loan or lease," said Zack Pope of David Pope Insurance.
So, even though no state requires full coverage, you may still need it if you have a loan or lease.
People ask
How do I handle car insurance if I am relocating from New York to New Jersey?
Many top insurers offer car insurance in multiple states, so you may be able to stay with your company when you move from New York to New Jersey. If your insurer doesn't offer coverage in New Jersey, you'll have to shop around.
Best car insurance companies in New York and New Jersey
The best auto insurance company in New York is NYCM Insurance, and the best company in New Jersey is NJM. However, the best insurer for you combines the lowest rates with the best service and the coverage you need. Compare multiple companies to determine which is your best fit.
The table below shows the best insurance companies in New York and New Jersey.
| State | Company | AM Best rating | Average annual premium | J.D. Power score | NAIC Complaint Index | Insurance.com score |
|---|---|---|---|---|---|---|
| New Jersey | NJM | A+ | $1,318 | 834 | 0.14 | 4.19 |
| New Jersey | GEICO | A++ | $1,563 | 818 | 0.91 | 3.16 |
| New Jersey | Travelers | A++ | $1,706 | 822 | 0.49 | 3.02 |
| New Jersey | State Farm | A++ | $2,153 | 843 | 0.7 | 2.74 |
| New Jersey | Plymouth Rock Assurance | A- | $1,737 | 807 | 0.45 | 2.42 |
| New Jersey | Progressive | A+ | $2,187 | 814 | 0.65 | 2.34 |
| New Jersey | Farmers | A | $2,254 | 803 | 0.8 | 2.28 |
| New Jersey | Allstate | A | $2,294 | 825 | 0.65 | 2.15 |
| New York | NYCM Insurance | A | $1,300 | 842 | 0.22 | 3.54 |
| New York | Erie Insurance | A | $1,814 | 845 | 0.61 | 3.04 |
| New York | Progressive | A+ | $1,020 | 818 | 0.65 | 2.9 |
| New York | State Farm | A++ | $1,951 | 826 | 0.7 | 2.75 |
| New York | GEICO | A++ | $1,736 | 821 | 0.91 | 2.73 |
| New York | The Hanover | A | $2,262 | 835 | 0.6 | 2.67 |
| New York | Allstate | A+ | $2,056 | 819 | 0.65 | 2.45 |
| New York | Travelers | A++ | $2,677 | 821 | 0.49 | 2.39 |
New York vs New Jersey: Auto insurance trends
Car insurance rates are on the rise across the country. Advanced technology, increased repair costs, and inflation cause drivers to see increased rates each year.
Take a look at how car insurance rates have changed in recent years in both New York and New Jersey.
| State | Year 2019 | Year 2022 | Year 2023 |
|---|---|---|---|
| New Jersey | $1,942 | $1,928 | $1,902 |
| New York | $2,066 | $2,072 | $1,870 |
New York vs. New Jersey: car insurance rates by city
Where you live in New York and New Jersey also affects car insurance rates. Drivers in urban areas with higher traffic volume and theft rates typically pay more than drivers in rural areas because their vehicles are more likely to be damaged or stolen.
The table below shows average car insurance rates in various cities in New York and New Jersey.
| State | city | Average annual premium |
|---|---|---|
| New Jersey | Bayonne | $2,266 |
| New Jersey | Camden | $2,418 |
| New Jersey | Clifton | $2,344 |
| New Jersey | East Orange | $2,494 |
| New Jersey | Elizabeth | $2,576 |
| New Jersey | Jersey City | $2,331 |
| New Jersey | Newark | $2,641 |
| New Jersey | Passaic | $2,554 |
| New Jersey | Paterson | $2,518 |
| New Jersey | Trenton | $2,138 |
| New York | Albany | $1,751 |
| New York | Buffalo | $2,125 |
| New York | Mount Vernon | $2,623 |
| New York | New Rochelle | $1,939 |
| New York | New York | $2,600 |
| New York | Rochester | $1,683 |
| New York | Schenectady | $1,736 |
| New York | Syracuse | $1,804 |
| New York | Utica | $1,833 |
| New York | Yonkers | $2,469 |
Methodology
Insurance.com commissioned average car insurance rates from Quadrant Information Services based on a 40-year-old male driver with good credit and a clean driving record driving a 2023 Honda Accord LX. Rates were fielded at state minimum coverage levels as well as liability-only coverage with limits of 50/100/50 and full coverage at limits of 100/300/100 with $500 deductibles.
New York vs. New Jersey: FAQs
Is New York a no-fault state?
Yes, New York is a no-fault state. In a no-fault state, your insurance company covers your injuries through personal injury protectionPersonal injury protection (PIP) pays for your medical, hospital and funeral expenses resulting from a car accident, regardless of who's at fault. (PIP), regardless of who caused the accident. The at-fault driver's liability insuranceLiability insurance covers sums that an insured becomes legally obligated to pay because of bodily injuries or property damage, or financial losses caused to other people. pays for property damage.
Is New Jersey a no-fault state?
Yes, New York is a no-fault state. In a no-fault state, your insurance company covers your injuries through personal injury protection, regardless of who caused the accident. The at-fault driver's liability insurance pays for property damage.
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