Who has the best cheap car insurance in New Jersey?

New Jersey

  • New Jersey is the most expensive state in the US for car
    insurance
    , according to data from the Insurance Information
    Institute. 
  • GEICO, USAA and Travelers generally offer the best affordable
    car insurance for drivers with good or better credit, while drivers
    with poor credit should try GEICO, New Jersey Manufacturers, or
    Allstate for coverage. 
  • That said, it’s critical to
    shop around for coverage
    in order to get your best rate and
    save. Look beyond the premium and look for the most auto insurance
    coverage and the lowest deductible to get the most for your
    money. 
  • Read
    more personal finance coverage. 

Car insurance is rather expensive in New Jersey, with the
average driver paying $1,309 per year. In fact, it’s the most
expensive state in the US for car insurance, according to the

Insurance Information Institute

Car insurance companies tend to
calculate rates
that are different for everyone. Factors like
where you live in New Jersey, your age, gender, and your driving
record can all play a role in the amount you’ll pay for
coverage.

In New Jersey, it’s very important to shop around for your
coverage to get the best auto insurance policy for your money. To
do this, get several quotes from several different companies and
compare them. Here are a few of the best affordable car insurance
companies in New Jersey to start your search.  

Who has the best car insurance in New Jersey?


Consumer Reports
compiled information on insurance companies
and their pricing formulas in each state. It found that a few
companies offered the best coverage in New Jersey. Here are the
best car insurance companies by credit level, along with the
average cost for coverage for a single adult driver. 

Drivers with good
credit
(or scores of 670 to 739, according to FICO), will find
that these three companies offer the best rates, on average: 

  • GEICO Government Employees car insurance: $1,058 per year
  • USAA car insurance: $1,446 per year
  • Travelers car insurance: $1,462 per year

Drivers with excellent
credit
(FICO scores of 800-plus) will see some of the best
prices on car insurance, on average. 

  • GEICO Government Employees car insurance: $1,058 per year
  • USAA car insurance: $1,281 per year
  • Travelers car insurance: $1,310 per year

New Jersey drivers with poor credit will pay the most for
coverage. These three companies offer the most affordable coverage,
on average. 

  • GEICO Government Employees car insurance: $1,469 per year
  • New Jersey Manufacturers car insurance: $1,511 per year
  • Allstate car insurance: $2,373 per year

Who gets the best cheap car insurance in New Jersey? 

As the rates above show, the drivers who are going to see the
best rates for coverage in New Jersey are those who have the

best credit scores
. Car insurance companies will look at lots
of different factors when calculating how much you’ll pay for
coverage, so each one will offer you a different price. 

That said, it’s important to shop around before making your
final decision. To do this, get a few different quotes from
different companies and compare them. 

When comparing your quotes, you’ll want to look past the

premium
and consider the coverage types and limits. Also
consider the deductible, or the amount you’ll be responsible for
out-of-pocket if you get into an accident. The policy with the most
coverage and the lowest deductible is the best. 


Join the conversation about this story »

NOW WATCH:
5 things about the NFL that football fans may not know

Source: FS – All – Economy – News
Who has the best cheap car insurance in New Jersey?