BudgetAutoRates affordability gauge: New Jersey premiums vs state median income. Local claim costs and pricing pressure keep the needle out of the green.
| Company | Liability / mo | Full coverage / mo | Best for |
|---|---|---|---|
| State Farm | $81 | $177 | Overall cheapest |
| GEICO | $89 | $194 | Digital-first drivers |
| Progressive | $103 | $225 | High-risk / SR-22 |
| Allstate | $121 | $262 | Bundling home + auto |
| Farmers | $131 | $285 | Agent relationships |
| Liberty Mutual | $143 | $311 | Custom coverage add-ons |
Illustrative estimates for layout and comparison purposes; see our methodology.
New Jersey requires liability coverage on every registered vehicle. The legal floor:
Minimum coverage keeps you legal, not necessarily solvent: the average new truck costs more than $25,000 to replace, so one at-fault accident can outrun your property-damage limit.
Increased from 25/50/25 effective Jan 1, 2026 (second step of 2022 law); no-fault state, PIP and UM/UIM required.
Minimums cross-checked against Insurance Information Institute and state DOI sources, July 2026; see our methodology. Rules change; verify current minimums with your state's Department of Insurance.
Premiums swing inside New Jersey: traffic density, claim frequency, and repair costs vary from ZIP to ZIP, so quote with your exact address.
Rates in New Jersey run about 42% above the national average, at about $131/mo for liability and $285/mo for full coverage. Traffic density, weather claims, repair costs, and uninsured drivers all feed into local pricing, and comparing 3 or more quotes is the fastest way to come in under the state average.
Fines, suspension, SR-22 filings, and reinstatement fees, per New Jersey law. Billie's take: a minimum policy is cheaper, and state fines taste terrible. Verify the exact numbers with the New Jersey Department of Insurance.
BudgetAutoRates