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How much is car insurance in Asbury Park?
|Area||Average Monthly Car Insurance Premium|
Compared to the rest of the New Jersey, coverage in Asbury Park is about $18 a month cheaper.
On the flip side, Asbury Park residents should prepare to pay higher rates for coverage than the rest of the country. It's around $7 more expensive to insure your vehicle in Asbury Park compared to the average rate for the rest of the U.S.
Bear in mind that while these are the average car insurance rates for Asbury Park, you could end up paying something different. Insurance companies take in a variety of factors when determining how much to charge you for coverage. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
Don't sweat it however, we've broken down average rates for Asbury Park residents so that you can get a more accurate idea of what you might pay. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It's pretty safe to assume that the older you are, the more experience you have as a driver. That experience can turn into some real savings when it comes to auto insurance rates. According to the table above, you can see that 18-24-year-olds pay two times the price that someone who is at retirement age.
For every ten years older you get, you can expect to see a drop in your monthly premium. Once you hit retirement, however, you may see your rates begin to go back up in Asbury Park.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. This rings true in Asbury Park, where women pay around $9 less per month than men. As illustrated in the table above, male drivers in the area pay about $92 on average, while female drivers pay around $83 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a huge impact on your car insurance rates. Drivers with clean records will pay much lower rates than those with accidents or violations. In Asbury Park, having a single accident on your record will usually get you rates around $122 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $113.
When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$79|
|15 Years or Older||$85|
As you can see in the first table above, the cheapest vehicles to insure in Asbury Park are by and large trucks and vans, which run about $70 per month.
Car owners, on the other hand, usually pay around $92 a month, while SUV drivers can expect to pay about $82 per month to insure their vehicle.
In addition to vehicle type, you can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is close to 5 years old, you may start to see your monthly premium decrease. In Asbury Park, the most expensive vehicles to insure are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$92|
Generally speaking, car insurance is slightly cheaper for married policyholders. This occurs because insurance companies commonly extend special discounts to policyholders with multiple vehicles that are on the same policy.
On a national scale, married drivers typically pay less than single drivers for auto insurance. Asbury Park is no exception, with the difference totaling to around $19 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$194|
One other element taken into consideration is your living accommodations. Renters can expect to pay around $17 a month more than those who own their own home in Asbury Park. But those who live at home with their parents can expect to pay significantly more.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance premiums.
Car Insurance Companies in Asbury Park, NJ
Recent trends in car insurance for Asbury Park drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before shopping for coverage.
In Asbury Park, the rates for auto insurance had been decreasing from 2017-2018, and again, from 2020-2021. Rates finished up in 2022, at $97.
How does Asbury Park compare to neighboring areas?
Why are car insurance rates in Asbury Park different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider a number of factors. Where you live will also have a significant impact on your personal policy. This may include things like:
- Regional regulations
- Rate of car accidents
- Amount of off-street parking
- Crime levels
- Number of drivers in the community
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Asbury Park?
While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Just put in your ZIP Code below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from loads of the car insurance companies that offer auto coverage in Asbury Park.
Asbury Park Insurance FAQs
What factors affect car insurance quotes in Asbury Park?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your address, driving record, credit score, and marital status.
Why is the cost of car insurance in Asbury Park different from other neighboring cities?
Parking situations, crime rates, and local laws -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Asbury Park?
There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.
Do I need to change my insurance if I move to Asbury Park?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Asbury Park or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?