What is the average cost of car insurance in New Jersey?
New Jersey drivers paid an average of $1,511 a year ($126 a month) for full coverage (liability, collision and comprehensive) in 2019, according to the most recent data available from the National Association of Insurance Commissioners (NAIC). That’s more expensive than the national average of $1,204 per year for coverage, the NAIC report shows. Keep in mind that insurance premiums in most states have changed since then. Your cost will also depend on how much coverage you choose, as well as your driving history and the car you drive.
What auto insurance is mandatory in New Jersey?
A car insurance policy with a minimum amount of liability coverage plus personal injury protection is required in New Jersey, a no-fault state. However, minimum coverage may not be the full extent of coverage you want.
As of January 2023, 25/50/25 liability coverage limits are the minimum required in New Jersey.
COVERAGE TYPE
NEW JERSEY MINIMUM REQUIREMENTS
Bodily injury liability
$25,000 per person; $50,000 per accident
Property damage liability
$25,000 per accident
Personal injury protection
$15,000 per person
Uninsured motorist bodily injury liability
$25,000 per person; $50,000 per accident
COVERAGE TYPE
Bodily injury liability
NEW JERSEY MINIMUM REQUIREMENTS
$25,000 per person; $50,000 per accident
COVERAGE TYPE
Property damage liability
NEW JERSEY MINIMUM REQUIREMENTS
$25,000 per accident
COVERAGE TYPE
Personal injury protection
NEW JERSEY MINIMUM REQUIREMENTS
$15,000 per person
COVERAGE TYPE
Uninsured motorist bodily injury liability
NEW JERSEY MINIMUM REQUIREMENTS
$25,000 per person; $50,000 per accident
What does car insurance typically cover in New Jersey?
A typical car insurance policy in New Jersey includes coverage for bodily injury and property damage liability, as well as optional collision and comprehensive coverage in case of covered damage or theft.
How can I lower the cost of my car insurance in New Jersey?
Choosing higher deductibles is one way you can keep your cost down. Another could be by bundling your car and homeowners insurance policies with the same insurer. And if you’re considering a new car, keep in mind that you may be able to save money on your insurance by choosing certain models with strong safety records. But many things about insurance premium costs are beyond your control, including inflation, rising accident rates and soaring healthcare costs.
New Jersey car insurance discounts
Farmers offers a variety of discounts for drivers in New Jersey. For example:
- Multi-vehicle
- Multi-policy
- Youthful driver
See more information about additional discounts that may be available in New Jersey.
Paterson Great Falls National Historical Park
Alexander Hamilton founded the world’s first planned industrial city here and kicked off America’s industrial revolution. — National Park Service
More coverage options in New Jersey
New Jersey home insurance
Learn more about what home insurance in New Jersey covers, available discounts and more.
View home insurance coverage details and discounts for New Jersey
Learn From Experience
Still have questions about cars and car insurance in New Jersey? We have answers.
Why Did My Car Insurance Premium Go Up When Nothing Else Has Changed?
To understand rate increases, it’s important to know that premium calculations are based on your risk and the projected cost it would take to repair or replace your car. Anything that impacts these factors can explain why rates may increase.
What These Auto Pros Know About Adding Years to a Car’s Life — and You Should, Too
What Is Uninsured Motorist Coverage?
If you have uninsured motorist coverage, your accident-related expenses can be covered. And if the other driver does have insurance, but it’s not sufficient to cover your costs (given today’s high medical bills), underinsured motorist coverage can help fill the gap.
