Table of contents
How much is car insurance in Newark?
| Area | Average Monthly Car Insurance Premium |
|---|---|
| Newark | $147 |
| NJ | $108 |
| United States | $80 |
You can see in the chart above that it's around $39 a month more expensive to insure your vehicle in Newark than it is in the rest of New Jersey.
Similarly, Newark residents will likely pay higher rates to insure their vehicle than in the rest of the country. It's about $67 more expensive for coverage in Newark than the average rates for the U.S. as a whole.
These may be the average auto insurance rates for Newark, 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. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly policy payment.
We've done the heavy lifting for you and broken down the average rate for Newark so that you can get a more accurate idea of what your monthly bill might be. And if you think you might be overpaying for insurance, simply enter your ZIP below to learn more about rates in your area!
Average Car Insurance Rates by Age
| Age Range | Average Premium |
|---|---|
| Under 18 | $474 |
| 18-24 | $228 |
| 25-34 | $147 |
| 35-44 | $137 |
| 45-54 | $127 |
| 55-64 | $115 |
| 65+ | $97 |
Generally, the older you are, the more experienced you are on the roads. That experience can really work in your favor when it comes to auto insurance. As you can see, 18-24-year-olds pay twice as much as drivers of retirement age.
You can expect to see a decrease in your monthly premium drop about once a decade or so. That said, once you hit retirement, your rates may begin to increase again in Newark.
Average Car Insurance Rates by Gender
| Gender | Average |
|---|---|
| Male | $148 |
| Female | $146 |
On average, female drivers pay slightly less than male drivers for car insurance. In Newark, although women do pay a bit less on their monthly auto insurance coverage, the price is about the same for either group.
Average Auto Insurance Rates by Driving Record
| Infractions | Average Monthly Premium |
|---|---|
| 1 Accident | $161 |
| Multiple Accidents | $174 |
| 1 Ticket | $170 |
| Multiple Tickets | $182 |
Your driving record can have a huge impact on your car insurance rates. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. The rate for drivers in Newark with a single accident on their record is about $170 a month. In addition, drivers with a single ticket on their record can expect to pay around $161 a month on average.
When it comes to your monthly premium, 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 | $137 |
| 2-3 Years | $160 |
| 4-5 Years | $144 |
| 6-7 Years | $154 |
| 8-10 Years | $152 |
| 11-14 Years | $146 |
| 15 Years or Older | $144 |
In terms of affordable coverage, the cheapest vehicles to insure in Newark are usually trucks and vans, at $137 per month.
Car owners can expect to pay an average of around $152 a month for their policy, while SUVs usually cost around $138 a month to insure.
In addition to vehicle type, you can also expect to see slightly different rates based on the age of your vehicle. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old, you may start to see your monthly premium drop back down. In Newark, for example, the most expensive vehicles to insure are vehicles two-to -three years old.
Average Car Insurance Rates by Relationship Status
| Relationship | Average Monthly Premium |
|---|---|
| Single (never married) | $150 |
| Married | $137 |
| Divorced | $128 |
| Widowed | $121 |
More often than not, car insurance is slightly cheaper for married policyholders. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
In Newark, the difference in rates based on relationship status can be as much as $13 a month.
Average Car Insurance Rates by Housing Situation
| Housing Status | Average Monthly Premium |
|---|---|
| Own | $130 |
| Rent | $147 |
| Live with parents | $204 |
Your housing status is another component of how insurance companies calculate your monthly rate. Renters can expect to pay around $17 a month more than those who own their own home in Newark. But those who live at home with their parents can expect to pay significantly 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 Newark, NJ
Recent trends in car insurance for Newark drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when choosing your car insurance policy.
Car insurance rates in Newark increased from 2016-2018, before leveling out in 2019. They finished down in 2021, at $117 a month
How does Newark compare to neighboring areas?
Why are car insurance rates in Newark different from other areas?
There are a variety of factors car insurance companies will consider when deciding how much to charge for a monthly rate. The price of your insurance policy will depend largely on where you call home and will be influenced by things such as:
- Crime rates
- General road safety (how many accidents each locality has)
- Total number of drivers in the area
- Off-street parking availability
- Regional regulations
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. 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 Newark?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
Fortunately, Compare.com has you covered. Put in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from many of the car insurance companies providing coverage in Newark in no time.
Newark Insurance FAQs
What factors affect car insurance quotes in Newark?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your vehicle's year, make and model, plus your address, credit score, marital status, and driving record.
Why is the cost of car insurance in Newark different from other neighboring cities?
Local laws, crime rates, and parking situations -- 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 Newark?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Newark?
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 time, regardless of how long is left on your current policy. So, if you've recently moved to Newark or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.