Table of contents
How much is car insurance in Wayne?
|Area||Average Monthly Car Insurance Premium|
Based on the chart above, you can see that it's about $26 a month cheaper to insure your vehicle in Wayne than it is in the rest of New Jersey.
Similarly, car insurance rates in Wayne are often favorable when viewed against the rest of the country. You can expect to pay about $1 less for your policy in Wayne than in the rest of U.S.
Although these are the average car insurance rates in Wayne, you could end up paying something different. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.
But don't worry, we've broken down the average rates for Wayne residents based on several different factors 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 below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The longer you've been behind the wheel, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay two times the price that drivers of retirement age.
As you get older, you can expect to see a drop in your monthly premium every 10 years. Wayne drivers may see their rates rise again once they hit retirement.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. The difference in Wayne is about $4 a month. As illustrated in the table above, male drivers in the area pay about $82 on average, while female drivers pay around $78 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. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. The rate for drivers in Wayne with a single accident on their record is about $88 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $144.
When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. So, if cheaper car insurance is important to you, keep your record clean and drive safe.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$60|
|15 Years or Older||$80|
If you look at the first table above, you'll see that SUVs are by and large the cheapest vehicles to insure in Wayne, with drivers paying around $77 per month for auto insurance.
SUV owners can expect to pay an average of around $77 a month for their policy, while truck and van drivers are usually around $90 to insure each month.
You can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is around 5 years old, you might start to see your rates slide back down slightly. In Wayne, the most expensive vehicles to insure are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$84|
On average, those who are currently married will pay slightly less to insure their vehicle. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.
In Wayne, the difference in rates based on relationship status can be as much as $12 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$82|
Your housing status is another factor that affects your monthly rate. Renters can expect to pay around $1 a month less than those who own their own home in Wayne. But if you live with your parents, your rates will be significantly higher.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your car insurance premiums, depending on your insurance company.
Car Insurance Companies in Wayne, NJ
Recent trends in car insurance for Wayne drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before deciding on where to shop.
The rates for auto insurance in Wayne increased from 2017-2018, before trending downward from 2019-2021. They finished up in 2022 at $102.
How does Wayne compare to neighboring areas?
Why are car insurance rates in Wayne different from other areas?
Car insurance companies look at a lot of factors when they're figuring out how much to charge for a policy. While we mentioned the factors that affect your personal policy, others are based around where you call home. These include things like:
- Road Safety (how many accidents each locality has)
- Area crime rates
- Local regulations
- Amount of off-street parking
- Total number of drivers in the area
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Realizing 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 corner of the world.
How can I find the cheapest car insurance in Wayne?
While knowing 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 type in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from numerous car insurance companies that offer plans in Wayne.
Wayne Insurance FAQs
What factors affect car insurance quotes in Wayne?
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 driving record, credit score, marital status, and address.
Why is the cost of car insurance in Wayne 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 Wayne?
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 Wayne?
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. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Wayne 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.