New Jersey's cheapest car insurance for 2021

In New Jersey, there were 276,861 car accidents in 2019. 59,850 of these crashes resulted in injuries, 524 of which were fatal. Despite its small size, New Jersey has over 6.3 million licenced drivers. Car insurance is more than just a state requirement if you live in New Jersey. It is a critical component of your financial safety net.

Car insurance in New Jersey costs $847 per year for minimum coverage and $1,757 per year for full coverage, which is higher than the national average annual rates of $565 for minimum coverage and $1,674 for full coverage. You may be looking for the cheapest car insurance in New Jersey because it is a required expense.

New Jersey's cheapest car insurance for 2021

In our search for cheap car insurance in New Jersey, we first obtained current premium information for the largest New Jersey insurance companies by market share from Quadrant Information Services. We then analysed the premiums, taking into account coverage options and available discounts.

If you are looking for the cheapest auto insurance in New Jersey, you should look into the following companies:

NJM

If you only need basic coverage, New Jersey Manufacturers Insurance Company, also known as NJM, may be a good choice. According to our research, NJM provides the cheapest annual minimum coverage for drivers in the Garden State, though your premium will vary depending on your individual rating factors.

Although its average rates are already lower than the state average, NJM offers a number of discounts that could further reduce your premium. You could save money by taking a defensive driving course, enrolling in electronic payments, being a mature driver, or bundling your auto and home insurance policies.

Geico

Geico is known for its low average premium and long list of discounts, despite not being the cheapest provider on our list. Geico may be a good choice if you prefer to manage your policy online or through a mobile app. You can use the company's mobile app to file claims, pay bills, and request roadside assistance.

Geico received an above-industry-average ranking in the Mid-Atlantic region, which could indicate that the majority of New Jersey customers are pleased with the company's customer service.

Travelers

Travelers may be a good option if you need specific optional coverages. The average full coverage premium charged by the company is significantly lower than the average in New Jersey, and there are several optional coverages available. To supplement your protection, you could add accident forgiveness, new car replacement coverage, or ridesharing coverage.

Travelers also does not disappoint when it comes to saving money. Safe driving, continuous insurance, a hybrid or electric car, and homeownership are all eligible for discounts. However, in the Mid-Atlantic region, travellers scored just below the industry average.

State Farm

State Farm, the nation's largest private auto insurer, has the lowest average full coverage premium in New Jersey of the companies on our list. The company provides a wide range of coverage options, including emergency roadside assistance, ridesharing coverage, and car rental coverage.

State Farm also provides several discounts, such as Drive Safe & Save and Steer Clear, its safe driving programmes for adults and teens, respectively. In addition, the company has the highest official score in the Mid-Atlantic region.

Progressive

Progressive is a well-known insurance company that offers auto, home, and business insurance. The company's one-of-a-kind Name Your Price tool lets you enter the amount you want to pay each month for insurance and then returns coverage options that fit your budget.

Progressive provides a variety of optional coverages, including lease payoff and a deductible savings bank. You could also save money by taking advantage of discounts such as continuous insurance, online quotes, and paperless policy management. Progressive did, however, receive a score in the Mid-Atlantic region that was lower than the industry average.