Get Auto Insurance Shopping Guide (Workbook) - State Of New Jersey - Newjersey

The cheapest car insurance in New Jersey is Geico, with an average monthly rate of $123 for full coverage. The average cost of car insurance in New Jersey is $234 per month for full coverage.

The cheapest car insurance in New Jersey is Geico, with an average monthly rate of $123 for full coverage. The average cost of car insurance in New Jersey is $234 per month for full coverage.

The most common types of car insurance are usually the ones that are mandatory. In New Jersey, liability, uninsured/underinsured motorist and PIP coverage are mandatory. Although comprehensive and collision are optional, your lender may require these coverages if you lease or finance your car.

USAA and GEICO have the cheapest car insurance when it comes to nationally available companies, but USAA is only available to drivers in military families, so the average person is more likely to find low car insurance rates with GEICO.

Cheapest Full Coverage Car Insurance: Nationwide CompanyAnnual PremiumMonthly PremiumNationwide$985$82Travelers$1,103$92GEICO$1,131$94State Farm$1,153$963 more rows • Dec 1, 2023

Who sells the cheapest car insurance in New Jersey in 2023? Company nameMonthly premiumAnnual premiumGEICO$75$900NJM$94$1,128Allstate$126$1,512Amica$152$1,8242 more rows • Nov 28, 2023

New Jersey is a state where carrying no-fault insurance is mandatory. If you happen to get into a car accident, no-fault insurance will reimburse you for any hospital or medical expenses, wage losses from an inability to work, and if necessary, any funeral costs.

Insurance requirements as of January 1, 2023: $25,000 in bodily injury liability per person. $50,000 in bodily injury liability per accident. $25,000 in property damage liability. $15,000 in personal injury protection (PIP)