Car Insurance Cost Per Month in New Jersey

On the 2022/2023 Auto Insurance Database Report (2023 data year), a policy in New Jersey carrying liability, collision and comprehensive averaged $141 a month, and the liability portion alone $86. The average insured vehicle in the state cost $131 a month, whether or not it carried the physical damage coverages, which ranks New Jersey #47 of 51 jurisdictions (1 = cheapest). These are averages across every driver, vehicle and limit in the state, not quotes, and the NAIC series runs about two years behind.

New Jersey requires minimum liability coverage of 35/70/25. New Jersey is a no-fault state requiring Personal Injury Protection (PIP) in addition to liability. See the law changes section below for recent updates to minimum limits.

The top three carriers by market share in New Jersey are GEICO, State Farm, New Jersey Manufacturers, per NAIC market share filings. Market share does not equal cheapest price -- the best rate for your specific profile (age, vehicle, driving record, credit score in states where legal) requires comparing quotes. We recommend comparing at least 3 carriers. carinsurancecomparisontool.com offers a side-by-side carrier comparison.

Yes. New Jersey is a no-fault state, requiring drivers to carry Personal Injury Protection (PIP) coverage. Under no-fault, each driver's own insurance pays their own medical bills after an accident, regardless of fault. New Jersey's minimum PIP requirement is part of the 35/70/25 minimum package.

New Jersey's Jan 2026 minimum limit increase and PIP no-fault system place it among the most expensive states. Dense urban corridor and high litigation history.

Yes, in most cases. New Jersey allows insurers to use a credit-based insurance score (distinct from your FICO) to predict claim likelihood. A poor credit-based score can add 20-100% to your premium. Improving your credit over 12-24 months can generate meaningful savings at renewal.