Best Auto Insurance Rates in Lakewood, New Jersey

On average your neighbors pay $104 a month.

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Just under 100,000 people call New Jersey's Township of Lakewood home. It’s easy to understand why when you consider some of the community events that have become traditions here. Two of them: The South Jersey Canoe and Kayak Classic and the Lakewood Lions Charity Renaissance.

Both of those celebrations attract visitors from all over—and probably attract new residents too. If that hasn’t sent local traffic—and local car insurance rates—through the roof already, it likely will in the future.

Average Lakewood Car Insurance Rates

How much is car insurance in Lakewood, NJ? Lakewood has some of the highest insurance rates in the US. Which makes sense because New Jersey has the most expensive car insurance in America. The average cost of auto insurance in New Jersey is $1,265.69 per year. The national average price is $889.01.

Prices will vary depending on several factors including your driving record, limits, coverage, and the number of claims filed in your zip code.

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 helps consumers compare quotes from both top national insurance companies and local agents. Comparing quotes can help you find cheap car insurance rates near Lakewood, New Jersey and save up to 40% on your premium.

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

Best Car Insurance Companies in Lakewood, NJ

This is our list of the most common car insurance companies reported by QuoteWizard users living in Lakewood, New Jersey last year.

Top 10 Vehicles

This is our list of the most common car makes and models owned by Lakewood, NJ drivers requesting quotes through QuoteWizard last year.

  1. Honda Accord EX/LX
  2. Toyota Camry/SE/LE/XLE/XSE
  3. Toyota Sienna LE
  4. Jeep Grand Cherokee Laredo
  5. Ford Mustang
  6. Chevrolet Impala
  7. Nissan Maxima S/SV
  8. Hyundai Sonata GLS
  9. Nissan Altima 2.5/S/SV/SL
  10. Hyundai Elantra GLS

Minimum Car Insurance Requirements in Lakewood, NJ

Lakewood, 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.


Lakewood residents enjoy a humid climate with hot summers and no dry season. They can expect around 209 days of full or partial sunshine every year. On the other hand, they also can expect an average of 105 days with measurable precipitation annually. Winters here can get severe, and the township receives about 10 inches of snowfall in a typical year. Those snowy conditions cause slick roads and dangerous driving conditions.  

Road Conditions

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

To report a pothole in your area of Lakewood, contact the Public Works Department at 732-905-3405.

Moving Violations

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 Municipal Courts of Lakewood website allows you to pay traffic tickets and shares information about fines and penalties.

Lakewood Municipal Court resolved 6,776 traffic cases in 2015. That’s an 11 percent decrease from the 7,649 traffic cases resolved in 2014.

DWI Cases

Lakewood Municipal Court resolved 190 DWI cases in 2015. That’s a 7 percent drop from the 204 traffic cases resolved in 2014.

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 Lakewood DWI insurance.

Car Accident Statistics

Ocean County reported 19,236 car accidents in 2017.

Traffic Fatalities

Ocean County also reported 52 traffic fatalities in 2017.

Car Insurance Discounts

Are you looking for affordable car insurance? Discounts are one of the best ways to lower your rates. These are some of the auto discounts available to drivers in Lakewood, NJ.

  1. Bundle your auto policy with your homeowners, renters, or life insurance. Bundling is one of the best discounts because can save you more than any other single discount. Bundling insurance policies together under one insurer can knock as much as 20% off your premium
  2. Keep your driving record clean with no tickets or accidents and you may qualify for the accident-free or safe driver discount
  3. Drivers in Lakewood 55 and older could qualify for either the senior discount or the 55 and retired discount
  4. Study hard in school and maintain at least a B grade point average to qualify for the good student discount
  5. 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
  6. Live in a safe Lakewood zip code with low crime rates. If you live in a zip code where people file lots of insurance claims, you might be paying higher premiums LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.