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What's the average cost of car insurance in Lakewood?


The average cost of auto insurance in Lakewood is $1,711 per year. That's greater than than the statewide average in New Jersey ($1,592) and more expensive than the national average of $1,548. Read on to learn more about how much you can expect to pay based on your credit score, gender, marital status and other common factors in Lakewood.

Lakewood Average (per year) New Jersey Average United States Average
$1,711 $1,592 $1,548
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Lakewood auto insurance rates by insurer


The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the provider from which you receive the most affordable quote. For a typical insurance customer, New Jersey Manufacturers offers Lakewood's cheapest rates. Reference below the top options for affordable insurance in Lakewood. Don't forget to get car insurance quotes based on your unique driving profile.

Insurer Average Yearly Rate
New Jersey Manufacturers $1,460
GEICO $1,516
Progressive $1,678
Allstate $1,695
Travelers $1,699

Read our guide to the best cheap auto insurance.


Lakewood auto insurance premiums by age

The age bracket that pays the least for auto insurance in Lakewood consists of drivers in their 50s, who pay an average of $1,591 per year. Those in their 60s don't pay much more ($1,655).

Teenage drivers pay Lakewood's most expensive auto insurance rates. One of the most effective ways to lower your car insurance rates as a driver in Lakewood is to age out of your teens. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Lakewood is $4,061, the largest such difference between any two age brackets.

Age Average Annual Rate
Teenagers $6,451
20s $2,390
30s $1,696
40s $1,661
50s $1,591
60s $1,655
70s $1,859

Learn more about how age influences auto insurance rates.


Lakewood car insurance premiums by gender and marital status


Marital status and gender are contributing factors to car insurance rates in many cases. In most locations in the US, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Lakewood pay $64 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single.

Gender is another factor that can affect auto insurance rates. In Lakewood, female drivers pay more for auto insurance than do male drivers: $51 per year, to be precise.

Marital Status/Gender Average Annual Rate
Female $1,762
Male $1,711
Single $1,714
Married $1,647
Divorced $1,711
Widowed $1,694

Learn more about how gender and marital status impact insurance rates.


Lakewood car insurance premiums by citation and accident history


No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates low. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.

Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Lakewood, a reckless driving citation results in an average insurance rate increase of $1,043 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $1,387 increase and a speeding ticket triggers a $662 rate hike.

Violation Average Yearly Rate
DUI/DWI $3,098
Reckless Driving $2,754
At-fault Accident (damages less than $1,000) $2,080
At-fault Accident (damages greater than $2,000) $2,522
Speeding Ticket (16-20 mph over speed limit) $2,373

Get more info on how a bad driving history can impact your car insurance costs.


Lakewood auto insurance rates by credit tier


An important insurance rating factor is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. In Lakewood, an improvement in credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) corresponds to a 69% drop in car insurance costs. Moving from "Very Poor" to "Fair" credit is an important step toward saving money on auto insurance. In Lakewood, improving your credit to "Fair" could help you earn a $1,958 decrease in annual car insurance rates.

Credit Score Average Rate (annual)
Very Poor $4,237
Fair $2,279
Good $1,711
Very Good $1,522
Exceptional $1,323

Learn more about how your credit score might impact your auto insurance rates.

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Ross MartinManager, Content Quality

Ross joined The Zebra as a writer and researcher in 2019. As a licensed insurance agent, he specializes in writing insurance content to help shoppers make informed decisions.

Ross holds a master's degree from Royal Holloway, University of London and has a background in copywriting and education. As a former teacher, he applies his educational skills to explain insurance concepts in ways that consumers can understand.

Ross's work has been cited by The New York Times, AxiosInvestopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.