How Much Does Car Insurance Cost in Newark?
New Jersey premiums exceed the national average by 18%, which is why the state is known for its costly rates. Premiums run even higher in the city, so it is especially crucial to cut costs while insuring a vehicle in Newark. Let's compare car insurance costs in Newark versus premiums across the nation.
INSURANCE RATES: NEWARK VS. STATE/NATIONAL AVERAGES
|City Average||State Average||National Average|
Newark Auto Insurance With Accidents or Violations
Previous accidents and violations can cost you in terms of prices on car insurance. Reckless driving will increase your car insurance premiums more than other driving violations. Drivers with a DUI in Newark have rates $1,341 greater than the city average of $2,508. Reckless driving will bump your premiums up as well, with average rates of $4,477! Accidents happen, even to safe drivers, so be prepared and learn the effect one can have on your rates. Being at-fault in an accident costs drivers an extra $1,338 per year to insure your vehicle in Newark.
AVERAGE NEWARK INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|At-fault Accident (damages less than $1,000)||$3,846|
|At-fault Accident (damages greater than $2,000)||$3,846|
|Speeding Ticket (16-20 mph over speed limit)||$3,361|
Newark Auto Insurance by Credit Level
For individuals with Exceptional credit (800-850), as opposed to Very Poor credit (300-579), car insurance premiums are 55% less a year. The largest benefit of better credit comes from boosting from Very Poor (300-579) to Fair (580-669), by which drivers can save close to $538 per year.
NEWARK AUTO INSURANCE RATES BY CREDIT TIER
|Credit Score||Average Auto Insurance Rate|
Newark Car Insurance Rates by Driver Age
At $1,974, drivers in their 70s have the lowest premiums among any age group. With car insurance payments of $10,121 on average, teenage drivers have the biggest premiums of any age group. Drivers in Newark see the most significant dip in premiums when they hit their 20s, as they save an average of 65% from moving out of the teenage age bracket. The downward direction continues, which means the higher the age of drivers, the lower their insurance rates.
NEWARK AUTO INSURANCE COSTS BY AGE
Newark Auto Insurance by Gender and Marital Status
In Newark, a lot of driver characteristics, including marital status and gender, can have an effect on car insurance premiums. Being married can save you an average of 7% per year compared to being single or divorced. Rates for those who are widowed are slightly cheaper than rates for those who are single. Premiums for men and women normally vary by 3%, with women paying more.
NEWARK CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
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 & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Newark, you can expect 121 rainy days with an annual rainfall of 43 inches. Newark is also known to experience severe winter storms. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
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