What's the average cost of car insurance in Newark?
Car insurance costs an average of $2,409 per year in Newark, New Jersey. That's more expensive than the average across New Jersey ($1,592) and more expensive than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other factors in Newark.
AUTO INSURANCE COSTS: NEWARK VS. STATE AND US AVERAGES
|Newark Average (annual)||New Jersey Average||United States Average|
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Newark car insurance rates by insurer
One of the best ways to save on auto insurance is to compare rates from multiple companies and to choose the insurer that best fits your coverage needs. In Newark, New Jersey Manufacturers offers the cheapest premiums for the typical insurance buyer. Reference below the top options for affordable insurance in Newark. Don't forget to get car insurance quotes based on your unique driving profile.
NEWARK CAR INSURANCE RATES BY COMPANY
|Company||Average Yearly Rate|
|New Jersey Manufacturers||$1,787|
Auto insurance premiums by age in Newark
The age group that enjoys the lowest auto insurance rates in Newark are drivers in their 60s, who pay an average of $2,092per year. Drivers in their 70s pay marginally higher rates — $2,108 per year.
Teenage drivers pay Newark's most expensive car insurance rates. One of the easiest ways to lower your car insurance rates as a driver in Newark is to age out of your teenage years. The difference in rates paid by teenage drivers and drivers in their 20s in Newark is $6,212, the largest such difference between any two age groups.
NEWARK CAR INSURANCE PREMIUMS BY DRIVER AGE
|Age group||Average Yearly Rate|
Newark car insurance premiums by gender and marital status
In some cases, a driver's gender and marital status may influence the car insurance rates they pay. Married drivers usually pay less for car insurance than their single counterparts. In Newark, married motorists pay $115 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. In Newark, insurance rates for those who are widowed are less expensive than rates for those who are single.
Gender is another factor that can affect auto insurance rates. In Newark, female drivers pay $68 per year more than do male drivers for car insurance.
NEWARK AUTO INSURANCE RATES: BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Annual Rate|
Newark car insurance rates by incident history
No matter where you live, keeping your driving record clean is a great way to keep your auto insurance rates low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Newark, a reckless driving citation results in an average insurance rate increase of $1,482 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $1,884 increase and a speeding ticket triggers a $958 rate hike.
NEWARK CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Incident/Violation||Average Annual Rate|
|At-fault Accident (damages less than $1,000)||$3,014|
|At-fault Accident (damages greater than $2,000)||$3,646|
|Speeding Ticket (16-20 mph over speed limit)||$3,367|
Newark car insurance rates by credit level
A driver's credit level can be closely correlated with their auto insurance rates. In fact, Newark drivers who build their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn a 70% decrease in car insurance rates. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Newark, improving your credit to "Fair" could help you earn a $2,838 decrease in yearly insurance premiums.
NEWARK CAR INSURANCE RATES BY CREDIT TIER
|Credit Level||Average Rate (annual)|
What drives up car insurance rates in Newark?
Where you live in Newark affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by ZIP code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Newark is no exception to the rule. From ZIP code 07003 to 07017, premiums rise by 22 percent—that’s $482.
Expensive Newark ZIP codes: 07114, 07112, 07111, 07018, 07017
Cheap Newark ZIP codes: 07003, 07040, 07079, 07109, 07175
Newark Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads, and decreased visibility.
And that's not the worst of it. More than 700,000 weather-related car accidents occur each year. In Newark, you can expect 121 rainy days with an annual rainfall of 43 inches. Newark is also known to experience severe winter storms.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Car Insurance Companies in Newark
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