Paterson residents pay an average of $195 per month for car insurance. Are you paying too much?
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The average cost of car insurance in Paterson, New Jersey, is $2,337 each year. That's more than the average in 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 common factors in Paterson.
|Paterson Average (annual)||New Jersey Average||U.S. Average|
The company-by-company differences in car insurance rates can be substantial, so it's important to compare quotes thoroughly and choose your insurer carefully. In Paterson, New Jersey Manufacturers offers the cheapest premiums for the typical insurance buyer. We've listed the best cheap car insurance companies in Paterson below. Use this information as a starting point and be sure to compare quotes specific to your unique driving profile.
|Insurer||Average Annual Rate|
|New Jersey Manufacturers||$1,746|
Paterson drivers in their 60s enjoy relatively affordable auto insurance rates, paying just $2,047 per year, on average. Drivers in their 70s pay marginally higher rates — $2,079 per year.
The Paterson drivers who face the priciest insurance rates are teenagers. One of the easiest ways to lower your car insurance rates as a driver in Paterson is to age out of your teenage years. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Paterson is $6,053, the largest such difference between any two age groups.
|Age group||Average Yearly Rate|
Marital status and gender are contributing factors to car insurance rates in many cases. Married drivers in Paterson pay $108 less than single drivers for car insurance. Married drivers pay less for car insurance than do single drivers in many locations. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Paterson, widowed drivers pay less than those who are single.
Gender is another factor that can influence auto insurance rates. In Paterson, female drivers pay $71 per year more than do male drivers.
|Gender/Marital Status||Average Annual Rate|
Maintaining a clean driving record is an effective way to minimize your auto insurance costs. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Two of the most costly citations to receive are DUI and reckless driving. Paterson drivers found guilty of reckless driving face insurance rate increases of $1,453 per year, compared to the citywide average. A DUI violation may lead to a $1,816 increase, while a citation for speeding leads to a $940 rate hike.
|Incident||Average Annual Rate|
|At-fault Accident (damages < $1,000)||$2,932|
|At-fault Accident (damages greater than $2,000)||$3,522|
|Speeding Ticket (16-20 mph over speed limit)||$3,277|
A driver's credit level can be closely correlated with their auto insurance rates. Paterson drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 70% on their auto insurance premiums. Moving into the "Fair" credit tier from the "Very Poor" level is one of the most impactful steps a driver can take in pursuit of better car insurance rates. In Paterson, improving your credit to "Fair" corresponds with a $2,769 decrease in annual car insurance rates.
|Credit Score||Average Rate (annual)|
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.