Cheap Car Insurance in New Jersey
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New Jersey Car Insurance Minimums
New Jersey requires all drivers to carry minimum liability insurance. Here are the state-mandated minimums:
Bodily Injury (per person)
$35,000
Bodily Injury (per accident)
$70,000
Property Damage
$25,000
- Personal injury protection (PIP): $15,000
- Uninsured motorist bodily injury: $35,000/$70,000
- Underinsured motorist: $35,000/$70,000
- Uninsured motorist property damage: $25,000
These are the Standard Policy's requirements. New Jersey's Basic Policy carries no uninsured or underinsured motorist coverage.
Choice no-fault state.
These minimums are for New Jersey's Standard Policy. The Basic Policy also meets the law with $5,000 property damage and $15,000 PIP, and offers $10,000 bodily injury only as an option.
What drives car insurance rates in New Jersey
Average spend per insured vehicle, 2023
$1,573
New Jersey drivers spent $1,573 per insured vehicle on liability, collision and comprehensive in 2023, against $1,282 nationally.
Claims paid per premium dollar, 2023
80.3¢
Auto insurers in New Jersey paid 80.3 cents in claims for every premium dollar in 2023; the median state was 72 cents.
Traffic deaths per 100 million miles, 2024
0.84
New Jersey recorded 670 traffic deaths in 2024, 0.84 per 100 million vehicle miles against 1.19 nationally. Injury claims follow crash severity.
Vehicle thefts per 100,000 residents, 2025
145.7
New Jersey reported 13,910 motor vehicle thefts in 2025, 145.7 per 100,000 residents, from 162.6 the year before. Theft claims are paid under comprehensive coverage.
Natural-hazard loss rank
#13
FEMA ranks New Jersey #13 of 51 for expected annual loss from natural hazards; flood accounts for 66% of that loss, and comprehensive coverage is what pays for flood damage.
- Average spend per insured vehicle, 2023: NAIC Auto Insurance Database Report, 2023 data
- Claims paid per premium dollar, 2023: NAIC Profitability by Line by State, 2023
- Traffic deaths per 100 million miles, 2024: NHTSA Fatality Analysis Reporting System, 2024
- Vehicle thefts per 100,000 residents, 2025: FBI Crime in the United States, 2025
- Natural-hazard loss rank: FEMA National Risk Index
Largest auto insurers in New Jersey
The ten insurer groups that wrote the most auto premium in New Jersey in 2025, with their share of the state total of $12.2 billion.
| # | Insurer group | Market share | Premiums written |
|---|---|---|---|
| 1 | Berkshire Hathaway Group | 21.85% | $2.7 billion |
| 2 | Progressive Group | 20.07% | $2.5 billion |
| 3 | New Jersey Manufacturers Group | 13.39% | $1.6 billion |
| 4 | State Farm Group | 9.25% | $1.1 billion |
| 5 | Allstate Insurance Group | 8.17% | $999 million |
| 6 | Palisades Group | 6.12% | $748 million |
| 7 | United Services Automobile Association Group | 3.85% | $471 million |
| 8 | Travelers Group | 3.43% | $419 million |
| 9 | Liberty Mutual Group | 3.31% | $405 million |
| 10 | Farmers Insurance Group | 3.27% | $400 million |
Source: NAIC Market Share Reports, 2025 data, direct premiums written by insurer group. GEICO writes inside Berkshire Hathaway Group. Ranking is market commentary; it says nothing about which carriers a quote comparison includes.
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