The typical car insurance policy costs $135 per month in Edison. Are you paying too much?
The average cost of auto insurance in Edison is $1,621 per year. That's more expensive than the average in New Jersey ($1,592) and more costly than the national average of $1,548. Our guide to car insurance in Edison — researched and written by The Zebra's team of licensed insurance experts — includes average premiums based on age, credit score, driving history and marital status. Read on for more information.
|Edison Average (annual)||New Jersey Average||United States Average|
One of the most important determinants of your car insurance rates is the insurance company you work with. For the typical driver, New Jersey Manufacturers offers Edison's cheapest rates. See below the best companies for cheap auto insurance in Edison — but don't forget to get personalized car insurance quotes to match your driving profile.
|Insurance Company||Average Yearly Rate|
|New Jersey Manufacturers||$1,278|
The best age for car insurance rates as a driver in Edison is your 50s: drivers in this age group pay an average of $1,498 per year. Rates for Edison drivers in their 40s are also relatively affordable, at just $1,568 per year.
Teenage drivers pay Edison's most expensive auto insurance rates. When drivers hit their 20s in Edison and move out of the teenage age bracket, they reduce their premiums substantially. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Edison is $3,932, the largest such difference between any two age brackets.
|Age tier||Average Yearly Rate|
Marital status and gender can be contributors to car insurance rates, in some cases. In most places, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Edison pay $72 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Edison, single drivers pay more than those who are widowed.
Gender is another factor that can affect auto insurance rates. In Edison, female drivers pay $38 per year more than do male drivers.
|Marital Status/Gender||Average Yearly Rate|
No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates affordable. At-fault accidents, DUIs, reckless driving citations, and speeding tickets all contribute to expensive auto insurance rates, as insurance companies reward low-risk drivers with the gift of affordable rates.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Edison, a reckless driving citation results in an average insurance rate increase of $934 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $1,197 increase and a speeding ticket triggers a $605 rate hike.
|Incident/Violation||Average Annual Rate|
|At-fault Accident (damages less than $1,000)||$2,000|
|At-fault Accident (damages > $2,000)||$2,421|
|Speeding Ticket (16-20 mph over speed limit)||$2,225|
One of the byproducts of a good credit score is lower car insurance costs. Drivers who keep their credit score up typically pay less for auto insurance than do drivers with less-than-stellar credit histories. In Edison, an improvement in credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) corresponds to a 67% drop in car insurance costs. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Edison, moving into the "Fair" credit tier corresponds to an average of $1,740 in savings on insurance each year.
|Credit Level||Average Rate (annual)|