Best Auto Insurance Rates in Cherry Hill, New Jersey

On average your neighbors pay $104 a month.

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Compare Auto Insurance in Cherry Hill

Thursday, January 3 2019 By Shantae Young

Due to all of its shopping centers, restaurants, and commercial and industrial centers, Cherry Hill, New Jersey, is the leading economic center in South Jersey. With all it has to offer residents and visitors, it's no wonder people are drawn to this bustling city.

One downside of this prosperity is it means more people on Cherry Hill’s roads. That usually means higher car insurance rates too.

Average Cherry Hill Car Insurance Rates

How much is car insurance in Cherry Hill, NJ? Premiums in Cherry Hill are higher than the national average. New Jersey is the most expensive state in the US for car insurance. TThe average cost of auto insurance in New Jersey is $1,265.69 per year. The national average price is $889.01.

Prices vary depending on your limits, coverage, and the number of claims filed in your zip code, so you could pay less.

New Jersey Average Annual Car Insurance Rates
Coverage Rates
Liability $869.57
Collision $381.86
Comprehensive $131.35
Total Cost Per Year $1,265.69
Price Per Month $104.72
Source: Facts + Statistics: Auto insurance

The graph below shows the change in average New Jersey insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, New Jersey car insurance rates increased from $1,186 in 2011 to $1,263 in 2015, a jump of $79, or 6.70 percent.

New Jersey average car insurance rates

QuoteWizard will connect you with national insurance companies and local agents so you can compare quotes and get the best rates. In fact, you can save up to 40 percent on your policy.

Last year, many people used QuoteWizard to compare auto insurance quotes in Cherry Hill, NJ from top companies to find the cheapest rates.

Best Car Insurance Companies in Cherry Hill, NJ

This is our list of the most common car insurance companies reported by QuoteWizard users in Cherry Hill, New Jersey last year. Of those users, only 13 did not have insurance when they requested a quote.

  1. GEICO
  2. Allstate
  3. Progressive
  4. Liberty Mutual
  5. Farmers
  6. State Farm
  7. 21st Century
  8. Esurance
  9. Travelers
  10. USAA

Top 10 Vehicles

This is our list of the most common car makes and models owned by Cherry Hill, NJ drivers who requested quotes through QuoteWizard last year.

  1. Honda Accord EX/LX
  2. Honda Civic EX/LX
  3. Lexus ES 350
  4. Ford Escape XLS
  5. Ford Expedition
  6. Toyota Camry LE/XLE
  7. Honda CR-V EX
  8. Nissan Altima SE
  9. Nissan Altima 2.5/S/SV/SL
  10. Acura MDX

Minimum Auto Insurance Requirements in Cherry Hill, NJ

Cherry Hill, New Jersey has a minimum coverage requirement known as the 15/30/5 rule. This means each policy must include at least the following three components:

  • Individual Bodily Injury Liability (BIL): $15,000.
    The maximum amount your insurance company will pay for an individual person injured in a car accident.
  • Total Bodily Injury Liability: $30,000.
    The most an insurer will pay in total for every person injured in a car accident.
  • Property Damage Liability (PDL): $5,000.
    The total an insurance carrier will pay for property damage caused by a car accident.
  • Personal Injury Protection (PIP): $15,000.
    This coverage pays for your medical expenses or any of your passengers who are hurt in an accident regardless of who is at fault.

Driving Conditions

Driving conditions like weather and traffic congestion are factors that can influence your insurance rates.

Weather

Bad weather can affect driving conditions and insurance rates. Speaking of which, Cherry Hill sees 114 days of some amount of precipitation in an average year. When it comes to specific precipitation, the city receives about 15 inches of snow annually. Thankfully, for Cherry Hill residents, they have many sunny and warm days as well. In fact, the city experiences an average of 205 days a year of full or partial sunshine.

Road Conditions

According to TRIPNET, 37 percent of New Jersey's major roads are in poor condition. These pothole-filled roads cost motorists a total of $6.9 billion annually in extra vehicle operating costs. That comes to $632 per motorist. 

To report a pothole in Cherry Hill, fill out a service request on line.

Moving Violation

Moving violations such as failure to stop, drunk driving, speeding tickets, and accidents can add points to your driver's license. You could end up with a bad driving record and need to purchase expensive high-risk auto insurance.

Traffic Tickets

The Cherry Hill Municipal Court website allows you to pay traffic tickets, answers frequently asked questions, and provides other helpful court information.

In 2015, the Cherry Hill Municipal Court resolved 31,968 traffic cases. That’s a 27 percent decrease from the 44,032 traffic cases resolved in 2014. Traffic cases include DWIs, moving violations, and parking violations.

SR-22 DWI Insurance

A DWI conviction may require you to obtain an SR-22 form. Request a quote and we'll will connect you with local agents from top companies that specialize in Cherry Hill DWI insurance.

Car Accident Statistics

Camden County reported 14,886 car accidents in 2017.

Traffic Fatalities

Camden County suffered 40 traffic fatalities in 2017.

Car Insurance Discounts

Discounts are one of the best ways to lower your insurance rates. These are some of the auto insurance discounts available to drivers in Cherry Hill, NJ. Get a quote to find out which discounts you may qualify for from your current or multiple insurance companies.

  1. Bundle your auto policy with your homeowners or renters insurance. Bundling all of your policies with a single insurance company can save you up to 20% of your total bill. It's hard to find a better discount than this one. So if you've got multiple polices, make sure to ask your agent about bundling them together!
  2. Study hard in school and maintain at least a B grade point average to qualify for the good student discount
  3. Keep your driving record clean with no tickets or accidents and you may qualify for the accident-free or safe driver discount
  4. Get a new car to qualify for the new car discount. If the car has safety features like anti-lock brakes or electronic stability control, you might be entitled to additional discounts
  5. Live in a safe Cherry Hill neighborhood with low crime and good drivers where residents file few insurance claims. Residents of zip codes with high crime and poor driving conditions file more of the claims that lead to higher rates
  6. Take a defensive driving course from an accredited driving school

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