Carteret, NJ Car Insurance

The average monthly cost for car insurance in Carteret is about $112. Check out our guide below to find out how much you'll pay.
How does Carteret stack up to the rest of the area, or even New Jersey as a whole? What can Carteret residents 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$112
NJ$106
United States$81

Looking at the chart above, you can see that it is around $6 a month more expensive to insure your vehicle in Carteret than it is in the rest of New Jersey.

If you're considering relocating to Carteret from out of state, you may want to budget a little extra for your insurance. The average monthly payment for the rest of the U.S. is about is about $31 cheaper than it is in Carteret.

These may be the average auto insurance rates for Carteret, but that doesn't mean it's exactly what you'll pay. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. Your bill 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 Carteret residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. To find out if you're getting the cheapest rate, just enter your ZIP below and find out in minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$166
25-34$111
35-44$107
45-54$88
55-64$88
65+$97

It would make sense that older drivers have more driving experience, right? When it comes to car insurance bills, that experience pays off. In this case, 18-24-year-olds pay a lot more than someone who is at retirement age.

You can expect to see your monthly premium drop about once a decade or so. As you get closer to retirement, however, you may see your rates creep back up a bit in Carteret.

Average Car Insurance Rates by Gender

Gender Average
Male$114
Female$111

Car insurance rates for men are usually slightly more expensive than they are for women. In Carteret, however, the difference in monthly policy premiums is minimal.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$128
Multiple Accidents$215
1 Ticket$170
Multiple Tickets$141

Your rates can vary wildly depending on your driving record. Drivers with clean records will pay lower rates than those with accidents or violations. Drivers in Carteret with a single accident will pay around $128 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $170.

When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$161
2-3 Years$104
4-5 Years$121
6-7 Years$120
8-10 Years$106
11-14 Years$109
15 Years or Older$118

In terms of affordable coverage, the cheapest vehicles to insure in Carteret are usually trucks and vans, at $92 per month.

SUV drivers will see rates of about $103 for auto insurance coverage, while car owners by and large pay around $117 a month.

The age of your vehicle also plays a role in your monthly payment. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is about 5 years old, you may start to see your monthly premium drop back down. In Carteret, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$116
Married$108
Divorced$89
Widowed$48

Generally, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor many companies award special discounts for.

At a national level, single drivers usually pay more than married couples do for auto insurance. Carteret follows that pattern, with the difference totaling to around $8 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$96
Rent$115
Live with parents$196

Your housing situation is another factor that affects your monthly rate. Renters can expect to pay around $19 a month more than those who own their own home in Carteret. But those who live at home with their parents can expect to pay significantly more.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Carteret, NJ

Recent trends in car insurance for Carteret drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before choosing when and where to shop.

In Carteret, auto insurance rates have been mixed over the past few years. They fell in 2017, increased in 2019, and decreased again in 2021, before finishing at $95 in 2022.

How does Carteret compare to neighboring areas?

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

There are numerous factors car insurance companies take into consideration when choosing how much to charge for a monthly rate. The price of your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

  • Total amount of drivers in the area
  • Prevalence of crime
  • Amount of off-street parking
  • Road Safety (how many accidents each locality has)
  • Laws

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

How can I find the cheapest car insurance in Carteret?

Arming 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.

Good news! Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from loads of the car insurance companies that offer policies in Carteret.

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Carteret Insurance FAQs

What factors affect car insurance quotes in Carteret?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your credit score, address, marital status and driving record.

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

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like parking situations, crime rates, and local laws -- which can vary from city to city -- can significantly affect your rate.

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

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

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

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Carteret or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.

Find your best rate in just a few minutes