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Insuring your car after an accident in New Jersey

New Jersey, being the most densely populated state in the United States, is plagued by high auto insurance rates. Drivers in New Jersey pay an average of $1697 every year to insure their cars. This makes New Jersey the 11th most expensive state to buy auto insurance. New Jersey has been called the ‘car theft capital’ of the world, with Newark leading the country in car theft numbers. This has also led to an increase in auto insurance rates.

According to the National Highway Traffic Safety Administration (NHTSA) data, there were 627 fatalities in New Jersey in 2011 and 589 in 2012. Of these, 194 and 164 were alcohol-impaired fatalities, respectively. Accidents also have a considerable impact on insurance rates.

The table below lists the average insurance rates in New Jersey and the insurance rates after accidents.

City Zip code Average Annual Premium ($) Average Premium after one accident ($) Average premium after two accidents ($)
Wildwood 8260 1,180 1,453 2,168
Seaside Heights 8751 1,187 1,462 2,181
Princeton 8540 1,224 1,507 2,249
Ocean City 8226 1,232 1,517 2,264
Camden 8108 1,306 1,608 2,400
Trenton 8611 1,729 2,129 3,177
Jersey City 7302 1,771 2,181 3,254
Hoboken 7030 1,771 2,181 3,254
Atlantic City 8401 1,972 2,429 3,623
Newark 7101 2,098 2,584 3,855

Newark is clearly the most expensive auto insurance city in New Jersey. Insurance rates are also increased by your insurance carriers as per the Insurance Services Office’s surcharge schedule. In Wildwood, as per this schedule, your premium will increase to $1416 for a multi-car policy and to $1652 for a single-car policy after an accident. In Trenton, similarly, a single-car policy will cost around $2421 and a multi-car policy will cost $2075.

In Hoboken, if you have been involved in an accident in the past three years, your rates could increase from $2214 to $2657. An accident that caused major property damage or serious medical injuries could double your annual insurance rate.

New Jersey Auto Insurance Rates

Below are the minimum, average and maximum insurance rate estimates for neighbourhoods in and around New Jersey, NJ.

Lowest Rate:$1,100
Average Rate:$1,700
Highest Rate:$2,100

Recent Savings From Top Providers in New Jersey

Rank Customer Zipcode Amount Saved
1 7001 $169
2 7001 $162
3 7002 $160
4 7003 $158

Compare Auto Insurance Companies in New Jersey

Company A.M Best Rating on
Financial Strength
Year Founded
Progressive A+ 1937
Allstate A+ 1931
GEICO A++ 1936
State Farm A++ 1922
Liberty Mutual A 1912

New Jersey Auto Insurance Requirements

Minimum limits of liability for auto insurance in New Jersey as per NJ State Laws

Bodily Injury Liability

  • $15,000 for death/injury of any one person, per accident.
  • $30,000 for all persons per accident.

Property Damage Liability

  • $5,000 per accident.

New Jersey Car Insurance Average Rates by Make

In addition to the location, one key factor that contributes to the insurance rates in New Jersey is the vehicle's make and model. Especially the vehicle's theft rates in New Jersey

MakeInsurance Average PremiumView Details
MakeInsurance Average PremiumView Details

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Latest Auto Insurance Reviews in New Jersey

GEICO

$500 for 6 Months

Originally, I thought the Geico ads were just a lot of hype without any substance to back them up. However, I decided to do the research and I found that they had the qualifications to back up the claims. I switched over and I have not regretted the decision once. The rates I pay now are a whole lot lower than what I had to deal with before. Their customer service is also top notch. Setting up my account was no problem, and getting in touch with a representative is no problem. I have a great driving record, but most insurers would punish me for my age; not Geico, though. I'm so glad to know that my Accord is in good, safe hands whenever I go on the road, and since I often have to drive across state lines, that's a comfort well worth having.