Best Car Insurance Companies in New Jersey 2023 | Quotes, Discounts

New Jersey offers the perfect combination of small towns and large cities. New York City, Syracuse, Boston, D.C., and other cultural hubs are all an easy day trip or weekend jaunt away. Living in the Garden State means you can throw a bag in your car and find a completely new experience within just a few hours.

One of the oldest states in the U.S., New Jersey is the 11th-largest state in the country and the most densely populated. And because the population is so closely packed together, the roads are relatively congested, which can increase average car insurance rates. To combat this, the state has worked to make it easier for New Jersey drivers to meet minimum coverage requirements.

Most states set limits for minimum liability coverage that all drivers must carry, but New Jersey handles insurance requirements differently. New Jersey car insurance comes in two flavors:

• Basic policy: This is the cheap car insurance option. It provides drivers with much less coverage and choices than a standard full-coverage policy. The state minimum doesn't come with bodily injury liability (though you can add that separately) and limits your right to sue after a car accident to a short list of permanent injuries.

• Standard policy: Drivers who choose a standard policy can go with either the minimum liability limits or choose higher limits. Policyholders also have the option of choosing an unlimited right to sue.

No matter which option you choose, you should think about adding additional coverage to your auto policy, such as collision coverage, underinsured motorist coverage, or uninsured motorist coverage. Searching for the best auto insurance coverage can be tough, so to make it easier for you, we’ve ranked the top auto insurance companies in New Jersey.

Need help finding cheap car insurance? Insurify simplifies the process. This online tool compares car insurance quotes from lots of top providers, whether you’re a good driver with good credit and a clean driving record, a teen driver who’s just starting out on the road, or someone who has a few mistakes in their driving history, like a DUI or accident.

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Best Car Insurance Companies 2022

Insurify Composite Score Methodology

The Insurify Composite Score is a proprietary rating calculated by a team of data scientists at Insurify, weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

Top Car Insurance Companies: Find the Right One for You

The New Jersey car insurance marketplace is full of recognizable names, from GEICO, Allstate, Progressive, and State Farm to local providers like NJM (which stands for New Jersey Manufacturers). But when we looked at all the options, a few select companies emerged above the others. These top companies had the best rates combined with high customer satisfaction and financial strength. Here are our top contenders for New Jersey auto insurance.

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1

Nationwide

Nationwide often ranks at the top of our affordable car insurance rankings, and there’s a good reason for that. This insurance company has fewer complaints than we expected for insurance providers its size, and it also ranks better than the national average for customer satisfaction in J.D. Power studies. It can meet the minimum amounts of liability insurance allowed in the New Jersey auto insurance market, and it also offers additional coverage options to help you customize your car insurance coverage.

You can have a Nationwide agent review your account once a year to see if you qualify for any of the company’s many discounts and make sure your coverage limits are meeting your needs. This ensures that you’re always paying the lowest possible car insurance premium that Nationwide offers.

Top discounts that the company offers include:

• Bundling multiple policies

• Installing anti-theft devices

• Using automatic payment to pay your bills

• Remaining accident-free

• Being a good student

• Taking a defensive driving course

The best rates for your individual auto insurance policy may differ based on your age, credit score, driving history, and other factors. Young drivers tend to pay more, while older drivers with a clean history pay less.

2

Liberty Mutual

Liberty Mutual is the sixth-biggest insurer in the U.S. It offers many different kinds of insurance policies, which is great news if you’re looking to bundle multiple policies together to save money. The company offers policies from basic to full coverage and also has some exciting add-on optional coverage, including:

• New car replacement: If you total your car in the first model year and first 15,000 miles, the company will pay you for the cost of a new car, not the depreciated value. This ensures that you can actually afford to replace your totaled car.

• Better car replacement: If you total your car, you’ll be reimbursed for a car that’s one year newer than the one you totaled and with 15,000 fewer miles on it.

Top discounts that the company offers include:

• Homeowners discount

• Being a member of the U.S. military

• Earning good grades

• Driving a hybrid or electric car

• Installing safety features

• Avoiding traffic violations and not filing insurance claims

• Bundling multiple policies or insuring multiple cars

• Paying your full premium up front or enrolling in automatic payments

Average rates for Liberty Mutual, like most other insurance companies in the state, vary by person depending on your age, risk profile, and other factors.

3

Travelers

Travelers is one of the biggest insurance companies in the U.S. and one of the largest providers of auto insurance policies. It offers many discounts and coverage options to customize your policy. It also tends to have fewer complaints to state regulators than expected for a company of its size.

Looking to manage your account online? You’re in luck. Travelers has a robust website and a mobile app that let you file claims, pay bills, call for roadside assistance, and more - all from your phone or computer.

Top discounts that the company offers include:

• Buying multiple policies from Travelers

• Owning a home

• Being a safe driver

• Owning or leasing a hybrid car

• Paying electronically, up front, or on time

• Getting a quote before your policy expires

• Good student discount

Auto insurance rates from Travelers vary depending on your driving history and age.

Average Monthly Cost of Car Insurance in New Jersey

Your ZIP code can also affect the rates you’ll pay for car insurance. For example, people who live in Irvington pay an average of $399 per month to insure their cars, while people in Trenton pay just $275 a month.

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How to Determine the Best Car Insurance Company for Yourself

Need to find a good price on car insurance? Start by getting quotes from multiple insurers. You need to be able to ask questions and compare different insurance offerings to figure out what’s best for you.

Tools like Insurify make this process easier than ever. Answer a few questions about yourself, your car, and your driving history, and get accurate quotes from top insurers in seconds.

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Frequently Asked Questions