Buy Cheap Auto Insurance in Newark

Buy Cheap Auto Insurance in Newark

The cost of auto insurance coverage depends on a lot of factors, but the average price for coverage in Newark is right around $1,200 every 12 months. The national average around $1,224, so Newark residents pay about $2 more every month than drivers who live in other states.

Car insurance prices in Newark are based on a lot of variables, and one of the largest components is the car, truck, or SUV you are insuring. The table below shows insurance cost for some of the most popular vehicles in Newark.

Car Insurance Rates for Popular Vehicles in Newark
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Silverado LT Crew Cab 2WD $1,726 $863 $144
Dodge Ram Quad Cab SLT 4WD $1,656 $828 $138
Ford Edge SEL 2WD $1,478 $739 $123
Ford Escape Limited 4WD $1,384 $692 $115
Ford Explorer Limited 2WD $1,546 $773 $129
Ford F-150 Lariat Crew Cab 2WD $1,546 $773 $129
Ford Focus S 4-Dr Sedan $1,478 $739 $123
GMC Sierra SLE Crew Cab 4WD $1,616 $808 $135
Honda Accord EX 4-Dr Sedan $1,280 $640 $107
Honda CR-V EX-L 2WD $1,314 $657 $110
Honda Civic EX-L 4-Dr Sedan $1,652 $826 $138
Hyundai Sonata Limited 4-Dr Sedan $1,726 $863 $144
Jeep Wrangler Rubicon 4WD 2-Dr $1,442 $721 $120
Kia Optima SX $1,726 $863 $144
Nissan Altima 2.5 S 2-Dr Coupe $1,726 $863 $144
Nissan Rogue S AWD $1,622 $811 $135
Toyota Camry XLE $1,582 $791 $132
Toyota Corolla XLE $1,582 $791 $132
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in your specific Newark location which can influence rates noticeably.

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Insurance rate increases from tickets or accidents

The chart below illustrates how traffic citations and fender-benders can raise premium costs for each age group. The information is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

Top 15 cheapest vehicles to insure in Newark, NJ
Honda Fit
Hyundai Accent
Mini Cooper
Chevrolet Colorado
Kia Rondo
Mazda MX-5 Miata
Mazda 5
Hyundai Elantra
Honda CR-V
Ford Escape
Chrysler PT Cruiser
Honda Accord
Nissan Xterra
Ford F-150
Jeep Wrangler

Top 15 most expensive vehicles to insure in Newark, NJ
Mercedes-Benz S65 AMG
Mercedes-Benz CL65 AMG
Audi R8
Mercedes-Benz CL600
Mercedes-Benz CL63 AMG
BMW 760L
Mercedes-Benz S600
Mercedes-Benz S63 AMG
Mercedes-Benz CL550
Porsche Panamera
Porsche 911
TESLA Roadster
Chevrolet Corvette
Porsche Cayenne

Top 15 safest vehicles to insure in Newark, NJ
Chevrolet Silverado 2500HD
Jeep Grand Cherokee
Chevrolet Tahoe
Ford Escape
Chevrolet Equinox
Toyota FJ Cruiser
Toyota Tacoma
GMC Yukon
Chevrolet Suburban
Audi Q7
Chevrolet Silverado
GMC Sierra 2500HD
GMC Acadia
Buick Enclave
GMC Sierra

Why you need auto insurance in New Jersey

Despite the potentially high cost of car insurance, insuring your vehicle is mandatory in New Jersey but it also protects more than you think.

First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to license the vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your vehicle has a lienholder, almost every bank will make it mandatory that you have insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may buy a policy for your vehicle for a much higher rate and require you to fork over for it.

Third, insurance safeguards both your assets and your vehicle. It will also cover medical transport and hospital expenses incurred in an accident. Liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your vehicle are without a doubt worth the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying more than $850 per year so shop around every year to be sure current rates are still competitive.