Are Car Insurance Premiums Going Up in New Jersey?

The Zebra
May 31, 2019

Many drivers are aware from personal experience that auto insurance rates usually rise each year. But car insurance is complicated: reasoning for rate hikes and price cuts may vary, and trends may differ based on the driver's location.

Location is among the primary rating factors used by insurance companies to set rates. The ZIP code, city, and state in which a vehicle is parked and driven are weighed when setting auto insurance prices — this comes down to state law and the varying risks associated with insuring cars in different areas.

Due to the multi-faceted nature of car insurance pricing, yearly price trends vary by state. Auto insurance prices might be on the rise year-over-year in one state while they fall one state over.

See below car insurance rate trends in New Jersey. If your policy isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's car insurance comparison tool furnishes car insurance rates based on your details — enter your ZIP below to get started.


Auto insurance pricing trends in New Jersey


In New Jersey, average yearly car insurance premiums went up by $6 in the past year. A typical New Jersey driver faces an average rate of $1,671 each year.

The trend in New Jersey leans toward less expensive auto insurance rates. From 2015 to 2018, rates decreased by an average of $36 each year. Meanwhile, insurance rates across the nation as a whole have jumped in the past few years, climbing from $1,280 in 2015 to $1,470 in 2018.


YEARLY CAR INSURANCE RATE TRENDS IN NEW JERSEY
YearAvg. Annual Premium — New JerseyYearly Change — New JerseyAvg. Annual Premium — USYearly Change — US
2018$1,671$6$1,470$32
2017$1,665$77$1,437$69
2016$1,588-$119$1,368$88
2015$1,707$37$1,280$51
2014$1,670$227$1,229$34
2013$1,443-$80$1,195-$80
2012$1,523-$95$1,276$82

If your policy pricing trend doesn't align with the above, the best step to take is to shop around.


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How are auto insurance rates changing in the biggest New Jersey cities?


Car insurance prices fluctuate at the ZIP code level, with an array of region-specific variables impacting how much you pay. That means drivers could see major differences in their insurance rates, based solely on their city or ZIP code. As an example, drivers in Trenton faced a bigger year-over-year rate increase (2.0%) than their intrastate neighbors in Elizabeth (1.5%) between 2018 and 2017.

See below annual rates of change in major New Jersey cities. If your city is expensive — and moving isn't on the table — consider shopping around for a more affordable rate.


CityAvg. Rate Increase — 2018 vs. 2017
Trenton2.0%
Elizabeth1.5%
Paterson1.3%
Jersey City0.8%
Newark0.7%

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