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Car insurance quick facts
In at fault states, the driver who caused the accident pays for damages.
Company | Direct premiums written (billions) | Market share |
---|---|---|
Geico | $1,740,325 | 21.8% |
NJM | $1,046,719 | 13.1% |
Progressive | $926,295 | 11.6% |
Allstate | $836,903 | 10.5% |
Plymouth Rock of New Jersey | $620,745 | 7.8% |
State Farm | $612,198 | 7.7% |
Liberty Mutual | $557,463 | 7.0% |
USAA | $311,141 | 3.9% |
Travelers | $289,711 | 3.6% |
Farmers | $222,440 | 2.8% |
Drivers in New Jersey paid in the ballpark of $1,300 to $1,400 annually for their auto insurance coverage in 2017, slightly above the $1,300 national average. So if you’re looking to buy a standard policy here and you’re older than 25, you can expect to pay something in that range.
However, because car insurance is affected by so many different factors, your costs could also fall well outside of that average range.
Company | Average annual rate | Learn more |
---|---|---|
![]() | $490 | |
![]() | $659 | |
![]() | $705 | |
![]() | $1,420 | Get a quote |
![]() | $1,427 | Get a quote |
![]() | $1,728 | Get a quote Read review |
![]() | $1,734 | Read review |
![]() | $7,798 | Get a quote |
Of New Jersey’s largest cities, Toms River has the cheapest rates and Passaic has the most expensive car insurance rates. Passaic drivers could face rates 4 times more than Toms River drivers.
Company | Annual car insurance rate |
---|---|
Allstate | $1441 |
Esurance | $676 |
Mercury | $1861 |
Geico | $969 |
StateFarm | $1002 |
Company | Annual car insurance rate |
---|---|
Allstate | $1441 |
Esurance | $896 |
Mercury | $2406 |
Geico | $1154 |
StateFarm | $1591 |
Company | Annual car insurance rate |
---|---|
Allstate | $2277 |
Esurance | $1022 |
Mercury | $3067 |
Geico | $1446 |
StateFarm | $1876 |
Company | Annual car insurance rate |
---|---|
Allstate | $1905 |
Esurance | $839 |
Mercury | $2137 |
Geico | $1007 |
StateFarm | $1522 |
Company | Annual car insurance rate |
---|---|
Allstate | $2231 |
Esurance | $1015 |
Mercury | $2848 |
Geico | $1306 |
StateFarm | $1876 |
Jersey handles insurance regulations a bit different compared to other states. To meet the legal minimums, drivers can choose the basic or standard policy, with the option to go beyond these two policies for more coverage.
Yes, you can get SR-22 insurance in New Jersey, which is a document your insurance provider files with the state that proves you have the minimum coverage required to get behind the wheel. You might need an SR-22 certificate if you’ve gotten a DUI, lost your license or been caught driving without insurance.
If you meet certain requirements, you might qualify for Special Automobile Insurance Policy (SAIP), New Jersy’s low-cost medical coverage-only policy. The cost is just $360 a year if you pay the entire amount upfront, or $365 if you pay in two installments. Drivers who are enrolled in Federal Medicaid with hospitalization are eligible. And you can obtain a policy through most insurance providers.
Compare car insurance companies near you.
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Car insurance is legally required in New Jersey and provides a financial safety net in case of a serious accident. Look into your coverage options to find out what’s best for you once you’ve met the legal minimums.
To learn more, from the best discounts and deals on auto insurance to the different rules and regulations across the country, visit the comprehensive guide to car insurance.
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Do you insure imported cars?
Hi Fred,
Thanks for reaching out.
You can find imported car insurance by getting several quotes from standard insurers with cover for special vehicles. Then compare these with the quotes provided by specialist insurers.
On the table displayed on the list of car insurance, you should see providers that might cover your imported car.
Cheers,
Joanne