Auto insurance quotes vary widely based on individual rating factors. Our prior research also revealed that the overall average is about 1565 for insurance in New Jersey.
How much is car insurance in New Jersey per month.
How much is car insurance per month in nj. The average cost of car insurance is 1483 per year. 52 rows Most expensive states for minimum car insurance coverage Michigan with 1855. I have never had a single car accident with only 1 speeding ticket in my entire driving career of the past 12 years.
Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry. Across the country the average cost of auto insurance is 1134 per year or about 95 per month The most expensive states for car insurance are Louisiana Michigan New York Rhode Island and Washington DC while the least expensive states. For a 30-year-old male driver in New Jersey the average premium is 132 per month.
For minimum coverage the average cost of car insurance for 18-year-old drivers in New Jersey is 2309 nearly three times greater than for older drivers. That is more than drivers in other states typically pay for. Car insurance in New Jersey costs roughly 118 per month or 1415 per year on average.
In Car Talks deep dive on affordable car insurance we found that a national average for auto insurance was 1341. The average monthly cost of car insurance in New Jersey is just over 146 per month for full coverage and about 71 per month for minimum coverage. Liability Bodily Injury 300000 each person 500000 each accident.
Whats the Average Cost of Car Insurance in New Jersey. The average cost of a car insurance policy is 876 per year or 73 per month for a policy that meets the minimum requirements of each state. Car insurance costs about 133 per month in New Jersey.
Ad Extensive Motor Insurance Policy. For example some states require drivers to purchase 100000 worth of liability coverage per accident while others require just 20000 or 30000 of liability coverage. The average car insurance rate in New Jersey is 1346 a year.
The severity and frequency of claims in your neighborhood your driving record the type of car you drive and other variables are used by insurance companies to figure out the cost of your policy. 1502 annually and 751 per six monthsthat was the average price in the United States as of December 2019 up from 1469 annually and 735 per six months during March of the same year. Compared to the national average rate 21-year-olds pay well over 1000 more for insurance every year.
Your cost may be higher lower or somewhere right around that average. The amount you pay for car insurance per month depends on several factors. In New Jersey depending on what city and county you live in youre probably going to be paying up to 15 more.
How much is car insurance per month in NJ. Based on this trend one could expect that the car insurance rate is set to increase further in 2020. Get Free Quotation Buy Online Now.
However 21-year-olds pay significantly less for insurance compared to teen drivers. Car insurance premium is 97 a month. Thats 742 per six-month policy or 124 per month.
Get Quotes Today. Learn more about what goes into rates and find out how t save. The average cost of car insurance is 147 a month or 1758 per year for a full coverage policy.
If there is any other information I can provide to help just let me know. Your monthly auto insurance premium may vary for many reasons. Ad Extensive Motor Insurance Policy.
For full coverage the average cost of coverage is 7831 per year or 653 per month. Car insurance for 21-year-olds The average cost of car insurance for a 21-year-old is 2622 per year which is about 218 per month. But the price of your policy will be unique to your situation.
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