Carteret, NJ Car Insurance

Residents of Carteret pay around $114 monthly for their car insurance coverage. Check out our guide below to find out how much you'll pay.
Compared to their surrounding area, how do rates in Carteret stack up? What about against the rest of New Jersey? What rates should residents of Carteret expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Carteret?

Area Average Monthly Car Insurance Premium
Carteret$114
NJ$107
United States$80

As you can see in the chart above, it is around $7 a month more expensive to insure your vehicle in Carteret than it is in the rest of New Jersey.

Likewise, residents of Carteret might expect to pay higher rates for coverage than the rest of the country. Coverage in Carteret is about $34 more expensive than it is for the rest of the U.S.

These rates may be the average amount Carteret residents pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.

We've done the heavy lifting for you and broken down the average rate for Carteret so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$188
25-34$113
35-44$107
45-54Not Enough Data
55-64$90
65+$89

It makes sense that older drivers would have more experience behind the wheel, right? When it comes to auto insurance rates, that experience pays off. As you can see, 18-24-year-olds pay twice as much as drivers 65 and older.

For every 10 years, you can expect to see a drop in your monthly premium. Once you hit retirement age, however, your rates may begin to increase again in Carteret.

Average Car Insurance Rates by Gender

Gender Average
Male$115
Female$113

Car insurance rates for female drivers are usually cheaper than those for male drivers. In Carteret, although women do pay slightly less on their monthly premiums, the cost is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$132
Multiple Accidents$215
1 Ticket$112
Multiple Tickets$228

Depending on your driving record, your rates can vary wildly. Drivers with clean records can expect to pay less than those with accidents or violations. Drivers in Carteret with a single accident on their record will usually see rates around $132 a month. In addition, drivers with a single ticket on their record can expect to pay around $112 a month on average.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 YearNot Enough Data
2-3 Years$101
4-5 Years$121
6-7 Years$120
8-10 Years$108
11-14 Years$110
15 Years or Older$120

According to the first table above, the cheapest vehicles to insure in Carteret are usually trucks and vans, at $92 per month.

Car owners can expect to pay an average of around $121 a month for their policy, while SUVs usually cost around $100 a month to insure.

In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Newer vehicles are generally going to be the most expensive to insure. Once your car is close to 5 years old however, your rates may start to dip back down a bit. In Carteret, the most expensive vehicles to insure are vehicles four-to-five years old and fifteen years and older.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$119
Married$107
Divorced$89

On average, married policyholders will pay slightly less for auto insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.

On a national scale, married drivers typically pay less than single drivers for auto insurance. Carteret is no exception, with the difference totaling to around $12 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$95
Rent$117
Live with parents$196

Another factor taken into consideration is your housing situation. Renters can expect to pay around $22 a month more than homeowners in Carteret. Those who live with their parents, however, can expect to pay a lot more.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Carteret, NJ

Recent trends in car insurance for Carteret drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when deciding when and where to shop.

In Carteret, the rates for car insurance went up from 2016-2017, and rose again, from 2019-2020. They finished down in 2021, at $90 per month.

How does Carteret compare to neighboring areas?

Why are car insurance rates in Carteret different from other areas?

Car insurance companies will take into account a variety of factors when choosing how much to charge for a policy. While we already talked about the ones that affect your personal policy, others are based around where you park your car. These include things like:

  • Community regulations
  • Amount of drivers
  • Road Safety (total number of local car accidents)
  • Local crime rates
  • Access to off-street parking

An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Each area will have different rates. Guides like these are a wonderful place to get started.

How can I find the cheapest car insurance in Carteret?

Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

But wait! Compare.com will handle the heavy lifting for you. Just type in your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from a number of the car insurance companies that offer coverage in Carteret.

Compare the cheapest quotes from dozens of insurance companies

Carteret Insurance FAQs

What factors affect car insurance quotes in Carteret?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Carteret different from other neighboring cities?

Auto insurance companies consider regional factors, such as parking situations, local laws, and crime rates into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Carteret?

There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.

Do I need to change my insurance if I move to Carteret?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

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 Carteret 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?

Find your best rate in just a few minutes