Best Auto Insurance Rates in Newark, New Jersey
On average your neighbors pay $104 a month.
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Newark has brought many “firsts” to the people of New Jersey—not to mention the rest of the nation. It offered up the first county park, the first skyway, and the first public golf course. It also served as the home to the nation’s first commercial airline terminal and it was first to broadcast the World Series over the airwaves.
With all Newark has given New Jersey and the US as a whole, we'll be the first to say its residents deserve affordable car insurance rates.
Average Newark Car Insurance Rates
How much is car insurance in Newark, NJ? Insurance premiums in Newark are higher than they are in most other parts of the US. Of course, New Jersey is the most expensive state in America for car insurance, so that makes sense. The average cost of auto insurance in New Jersey is $1,265.69 per year. The national average price is $889.01.
How much you pay depends on multiple factors including: your driving record and the points on your driver's license, your car, coverage, limits, and the number of claims filed in your zip code.
| 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.
QuoteWizard connects consumers to national insurance companies and local agents so they can compare quotes. Comparing quotes can help you find cheap car insurance rates near Newark, New Jersey and save up to 40% on your premium.
Last year, 3,043 people used QuoteWizard to get an auto insurance quotes comparison in Newark, NJ from multiple companies to find the cheapest rates.
Best Car Insurance Companies in Newark, NJ
This is our list of the top most common car insurance companies reported by QuoteWizard users in Newark, New Jersey last year. More than 160 of these users did not have insurance when they requested a quote.
Other popular Newark, New Jersey car insurance companies: AIG, USAA, Travelers, Mercury, American Family, Country Financial, Hartford, and Safeco.
Top 10 Vehicles in Newark
These are the most common car makes and models owned by Newark, NJ drivers requesting quotes through QuoteWizard last year.
- Honda Accord EX/LX
- Hyundai Sonata GLS
- Honda Civic EX/LX
- Jeep Grand Cherokee Laredo
- Ford Explorer/XLT
- Toyota Camry LE
- Acura MDX
- Ford Expedition XLT
- Honda Odyssey EX
- Nissan Altima 2.5 S
Minimum Car Insurance Requirements in Newark, NJ
Newark, 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.
Newark Drivers
According to a recent report published by Allstate Insurance, Newark ranks 165th out of 200 cities when it comes to safe driving. While most US drivers go ten years without having an accident, drivers here are involved in crashes every 7.2 years.
Of the 3,043 Newark drivers that used QuoteWizard to request quotes, only 43 had incidents on their driving records including DWIs, tickets, and accidents.
Driving Conditions
Some of the factors that affect your insurance rates are weather and road conditions.
Weather
Newark, NJ offers both residents and visitors a humid climate with hot summers and no dry season. It also offers a lot of sun. In fact, the city sees around 206 days of full or partial sunshine each year. On the other hand, it also sees an average of 121 days with some amount of precipitation annually. A good number of those days fall within winter, as Newark receives about 27 inches of snow in a typical year.
Road Conditions
According to TRIPNET, 82 percent of Newark roads are in poor or mediocre condition. These pothole-filled roads cost drivers $791 per commuter every year in extra vehicle operating costs, congestion delays, and car accidents.
Newark reported that the state of New Jersey had only paid out 12 pothole claims out of 2,655 claims filed in 2016. The City of Newark Division Traffic & Signals filled 19,893 potholes in 2015.
If you want to report a pothole in your part of Newark, call the Pothole Hotline at 973-239-336 ext. 2220 or you can fill out a request form.
Traffic Congestion
The Texas A&M Transportation Institute (TTI) ranked Newark fourth in the nation for yearly delay per commuter in 2015. Although that sounds bad, keep in mind that Newark was ranked in accordance with New York City. Regardless, that same study found that Newark residents spend an extra 74 hours a year stuck in traffic and waste 35 gallons of fuel annually as a result. TTI estimates the average commuter here spends $1,739 per year because of this congestion.
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 New Jersey website allows you to pay traffic tickets on line. It also explains how to contest tickets and provides other helpful traffic court information.
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 Newark DWI insurance.
Car Accident Statistics
Essex County reported 28,112 car accidents in 2014. That’s an 8 percent increase from the 26,017 car accidents in 2013.
Traffic Fatalities
Newark experienced 26 traffic fatalities in 2013. That’s a fatality rate of 3.23 per 100,000 residents.
Vehicle Theft Rates
Newark experienced 2,441 motor vehicle thefts in 2014. That is a steep theft rate of 8.70 per 1,000 residents. The national average: 2.16 per 1,000 people. Based on this data, Newark isn’t the safest place to have a car, and that definitely can negatively affect your insurance rates.
Car Insurance Discounts in Newark
Discounts are one of the best ways to lower your insurance rates. These are some of the auto discounts available to drivers in Newark, NJ depending on what's offered by your carrier.
- 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 15% off your premium
- Drivers 55 and older could qualify for either the senior discount or the 55 and retired discount
- Safe driver. If you have a perfect driving record, with no tickets or accidents, you may qualify for the safe driver or accident-free discount
- Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
- Study hard in school and maintain at least a B grade point average to qualify for the good student discount
- Get a new car with advanced safety features like electronic stability control or anti-lock brakes. If the car has anti-theft devices or a car alarm system you can save even more
- Drive less. Living close to work or taking the bus once in a while could help you get the low mileage discount
- Live in a safe 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
- Take a defensive driving course from an accredited driving school
- Shop around and compare low-cost Newark auto insurance quotes
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