Cheap Car Insurance in New Jersey: How to Save

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If you’re looking for cheap car insurance in New Jersey, you’re not alone. Car insurance can be expensive, but there are ways to save money without sacrificing coverage. In this article, we’ll discuss how to find cheap car insurance in New Jersey and lower your insurance costs.

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Why Is Car Insurance Expensive in New Jersey?

New Jersey has some of the highest car insurance rates in the country. There are a few reasons for this:

No-Fault Insurance

New Jersey is a no-fault insurance state, which means that drivers are required to have personal injury protection (PIP) coverage. This coverage pays for medical expenses and lost wages if you are injured in a car accident, regardless of who is at fault.

PIP coverage can be expensive, and it’s one reason why car insurance rates in New Jersey are high.

Densely Populated

New Jersey is the most densely populated state in the country. More people on the road means more accidents, which leads to higher insurance rates.

High Cost of Living

New Jersey has a high cost of living, which includes higher insurance costs. The cost of car repairs and medical care is also higher in New Jersey, which leads to higher insurance rates.

How to Find Cheap Car Insurance in New Jersey

Despite the high cost of car insurance in New Jersey, there are ways to lower your rates. Here are some tips:

Shop Around

One of the best ways to find cheap car insurance in New Jersey is to shop around. Get quotes from multiple insurance companies and compare rates and coverage options.

Be sure to ask about discounts, such as safe driver discounts, good student discounts, and multi-car discounts.

Choose a Higher Deductible

Another way to lower your car insurance rates is to choose a higher deductible. Your deductible is the amount you pay out of pocket before your insurance kicks in.

A higher deductible means lower monthly premiums, but be sure you can afford to pay the deductible if you get into an accident.

Bundle Your Insurance

If you have other insurance policies, such as home or renters insurance, consider bundling them with your car insurance. Many insurance companies offer discounts for bundling.

Drive Less

The less you drive, the less you are at risk for an accident, and the lower your insurance rates may be. Consider carpooling, taking public transportation, or working from home.

Drive Safely

Safe drivers are rewarded with lower insurance rates. Avoid accidents and traffic violations, and you could save money on your car insurance.

FAQ

How much car insurance do I need in New Jersey?

In New Jersey, the minimum required car insurance is liability insurance. This covers damages to other people and their property if you are at fault in an accident. The minimum limits are:

  • $15,000 for bodily injury or death per person per accident
  • $30,000 for bodily injury or death of two or more people per accident
  • $5,000 for property damage per accident

However, these limits may not provide enough coverage if you are in a serious accident. Consider increasing your coverage for better protection.

What factors affect car insurance rates in New Jersey?

Several factors can affect car insurance rates in New Jersey, including:

  • Your driving record
  • Your age and gender
  • Your credit score
  • The type of car you drive
  • Your location
  • The amount of coverage you need

What discounts are available for car insurance in New Jersey?

Some common discounts for car insurance in New Jersey include:

  • Safe driver discounts
  • Good student discounts
  • Multi-car discounts
  • Bundling discounts
  • Low mileage discounts

Conclusion

Finding cheap car insurance in New Jersey can be a challenge, but it’s not impossible. Shop around, bundle your insurance, and drive safely to lower your insurance rates. Don’t sacrifice coverage for price, but be sure to find a policy that fits your budget and your needs.

Insurance Company
Monthly Premium
Coverage
GEICO
$100
Liability, PIP, comprehensive, collision
Progressive
$120
Liability, PIP, comprehensive, collision
Allstate
$130
Liability, PIP, comprehensive, collision
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